Steel summit: A forecaster’s alert for Australian investors
A respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.
Read MoreA respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.
Read MoreA significant week awaits Tesla as the company prepares to unveil its quarterly financials on Wednesday, potentially mirroring the outcomes of the same quarter in 2023.
Read MoreIt’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder.
Read MoreMoody’s gave Ansell approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business.
Read MoreWe witnessed the typical knee-jerk reaction from traders on Thursday in response to Northern Star Resources' (ASX:NST) swift update on its March quarter gold sales performance.
Read MoreDeflation revisited China's economy in March, following its disappearance in February. China's consumer inflation decelerated to an annual rate of just 0.1% in March from the surprising 0.7% reading in February.
Read MoreNEXTDC (ASX:NXT) is seeking $1.3 billion in a new capital raising to finance its growing data center pipeline and accelerate the expansion of its extensive data center networks in Sydney and Melbourne.
Read MoreHere's a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants.
Read MoreMarch's US Consumer Price Index shouldn’t come as much of a surprise to financial markets. After all, it merely continued the trend established in the January data and persisted into February – that inflation was lingering longer than desired.
Read MoreChina's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.
Read MoreThe Reserve Bank of NZ believes that maintaining interest rates at their current highs will "return consumer price inflation to the bank’s 1% to 3% target by the end of 2024."
Read MoreIn a surprise announcement four months after Moody’s move, Fitch on Wednesday revised its outlook on China to negative, citing increasing risks to the country's public finance outlook from a slowing economy and its search for new ways to stimulate growth in the wake of the property crunch.
Read MoreGold hit an all-time high of $2,384.50 per ounce on Tuesday on Comex in New York, before easing to trade around $2,371 per ounce at 7am Sydney time on Wednesday.
Read MoreBig investors seized a lucrative opportunity on Tuesday as Ansell, the global leader in protective solutions, executed a $400 million placement. The move, aimed at financing the acquisition of Kimberley-Clark's PPE business, resulted in significant gains for shareholders across the board.
Read MoreA bit of a "steady as she goes" report card on the health of the Australian economy last month from the National Australia Bank.
Read MoreIn March, China's gold buying spree dipped amidst soaring prices, hinting at further decline in April after prices surged to unprecedented levels on Monday.
Read MoreThe angle of attack on China's struggling property developers has shifted significantly. Under President Xi Jinping's administration, the Chinese government has adopted a radical approach towards their financial health, employing non-Communist party overseen legal mechanisms.
Read MoreFirst-quarter earnings season is set to begin in earnest this week, led by banking giants JPMorgan Chase, Wells Fargo (WFC), and Citigroup on Friday.
Read MoreIron ore futures surged unexpectedly in Singapore on Monday, a stark contrast to their decline late last week.
Read MoreBeach Energy (ASX:BPT), a prominent player in the oil and gas industry, has been grappling with significant challenges, including cost overruns and delays, at its Waitsia gas project in Western Australia. The company's recent announcement of sweeping staff cuts has underscored the severity of the situation, raising concerns among investors and stakeholders alike.
Read MoreElders (ASX:ELD), Australia's foremost rural services group, encountered a significant blow on Monday as its shares plummeted nearly a quarter following a trading update.
Read MoreIn a recent development within the gold sector, Westgold Resources (ASX:WGX) has announced its acquisition of Kinora Resources, merely 11 days after Ramelius Resources (ASX:RMS) abandoned its pursuit of the Canadian-based Australian gold company.
Read MoreMedical products and protective wear group, Ansell (ASX:ANN) had its shares suspended on Monday ahead the announcement of its proposed acquisition of the personal protective equipment business of giant US paper products group, Kimberley-Clark.
Read MoreSilver Lake Resources (ASX:SLR), a prominent player in the gold and copper mining sector, has announced a rise in gold and copper sales for the March quarter. However, investors will have to wait until late April to access comprehensive data on production, costs, and prices.
Read MoreAre US investors confused, or so besotted with the idea of falling interest rates that they ignored the strongest single month's jobs figures for a year, and ended four losing sessions to charge higher on Friday?
Read MoreWednesday's US consumer inflation figures pose a significant test for an economy that appears to have hit bottom at the close of 2023 and is now gaining momentum, despite interest rates being at their highest in years.
Read MoreGold reached a fresh record on Friday, despite the ascent of the US dollar and US treasury yields, buoyed by the American economy adding far more new jobs than expected last month. Middle East tensions over Gaza and Iran's retaliation vow following an attack on its embassy in Syria further fueled gold's rise.
Read MoreInflation in the US and China will dominate headlines this week, alongside the European Central Bank meeting, discussing Europe’s lower-than-expected inflation.
Read MoreGoodbye, Tesla, and Elon Musk's pioneering work on making EVs mainstream. According to a lengthy Reuters report, the company has dropped its plans to make a smaller and cheaper EV and will instead concentrate on the increasingly discredited idea of a 'robotaxi.'
Read MoreThe slide in iron ore prices and export volumes saw Australia’s goods surplus fall to a five-month low in February.
Read MoreRamelius Resources shines in the gold market surge with record-breaking production and lowered costs, poised for strong financial growth.
Read MoreAfter the Hayne Royal Commission, S&P upgrades Australia's banking system, citing tougher regulations and improved financial strength, signaling global confidence.
Read MoreChinalco of China continues to challenge Rio Tinto's share buyback resolutions, nearing the Australian government's shareholding limit at the miner's London annual meeting.
Read MoreChina has relaxed its policy on lending for personal-use new energy vehicles (NEVs) as part of an effort to stimulate consumption and from Thursday, new buyers will be able to buy without making a downpayment.
Read MoreOn the face of it, this week’s announcement from Regis Resources (ASX:RRL) that it is cranking up its long-talked-about McPhillamys gold project in central western New South Wales (around Orange and Blaney) should be bullish.
Read MoreGold fell for the first session in eight, copper nudged higher, oil rose and iron ore fell, again in what you would describe as a 'cliche' trading session – a bit of this, a bit of that and ignoring the continuing sell off in equities.
Read MoreAustralians don’t want cash, judging by the rise in contactless transactions across the country and the slow death of cheques.
Read MoreExplore the latest trends in February's building approvals data, revealing a mixed picture in the housing market, with Queensland leading a decline despite rising private house approvals nationwide.
Read MoreChina's reintroduction of steel production controls are impacting iron ore prices. This move reflects a weak demand and causes economic concerns.
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