China Sets 2021 Growth Target above 6%
China has restored its annual economic growth target, setting it at above 6% for 2021 and promising to create more jobs in cities than last year, as it emerges from a Covid-hit 2020.
Read MoreChina has restored its annual economic growth target, setting it at above 6% for 2021 and promising to create more jobs in cities than last year, as it emerges from a Covid-hit 2020.
Read MoreThe Australian sharemarket is down by more than 1% at lunch as US stocks declined and most sectors are in the red.
Read MoreASX200 down 76 points (1.1%) to 6684. Oil; the Black Gold/Texas Tea keeps surging as US inventories shrink due to freezing weather. OSH +2.8% STO +3.5% WPL +1.9%
Read MoreThe US Fed chief failed to allay investor worries about rising bond yields. Technology shares led losses. But the energy sector lifted in response to higher oil prices.
Read MoreA new 15-day lockdown in one of Brazil’s two main iron ore regions sent the price of high-quality ore surging to record highs on Thursday.
Read MoreFinal data for January trade and retail sales confirmed the solid first estimates issued last month, with the trade surplus jumping to its highest ever level.
Read MoreThis reporting season was one of the most positive we’ve seen in years, with Australian companies across many sectors delivering strong growth, despite the challenges of the Covid pandemic.
Read MoreWithout the millions in JobKeeper subsidies and rent waivers from landlords, Myer would have been on the brink of something more damaging than just a loss for the six months to the end of January.
Read MoreThe adoption of the cloud is arguably one of the most significant business transformations we have seen since the early days of the world wide web. Blair Modica from BetaShares explains why.
Read MoreSmall business accounting group Xero has announced a $284 million takeover of Denmark-based employment management company Planday.
Read MoreWaste group Cleanaway is reported to be on the verge of a major acquisition – believed to be the Australian operations of French operator, Suez.
Read MoreIt was another rocky ride for the Australian sharemarket, with the ASX 200 slipping by 0.84% following BHP, RIO and CSL trading ex-dividend.
Read MoreA glimmer of light is emerging for Southern Cross Media as radio markets start to recover and a return to dividends is now on the horizon.
Read MoreThe Australian sharemarket is down by 0.8% at lunch, following a weak lead from Wall Street and a number of stocks trading ex-dividend.
Read MoreASX200 down 97 points (1.4%) to 6720. Myer (-9%); posted a 76.3% lift in interim profit after a surge in online sales during the pandemic but once restructuring costs, floor closures and brand exits are taken into account, profit was +8.4%.
Read MoreUS sharemarkets were choppy on Wednesday. Technology stocks fell most in response to a rise in bond yields; US 2-year yields rose 2 points to near 0.14%.
Read MoreIf there was one thing we have learned from 2020, we can change our habits and behaviours more than we previously believed. Bronwyn Yates from Russell Investments explains how.
Read More2020 will likely be pinpointed as the year where the groundswell of public demand, technological advancements and economic pressures culminated to reshape the global energy supply paradigm.
Read MoreNine Entertainment Co has appointed Mike Sneesby – head of Stan and a former telecommunications executive – as the new CEO to replace the departing Hugh Marks from April 1.
Read MoreFurther casualties at Rio Tinto from its appalling handling of the 46,000-year-old Juukan Gorge rock shelters that saw the CEO and other senior managers depart last year.
Read MoreDairy prices rose by a massive 15% in the latest Global Dairy Trade auction, driven by demand for whole milk powder and butter before the season comes to an end.
Read MoreAustralia enjoyed stronger than expected economic growth for a second successive quarter in the three months to December, according to the ABS.
Read MoreThe Australian sharemarket rose by 0.8%, pushing higher following strong GDP data and easily recouping Tuesday’s declines.
Read MoreWhile Service Stream has indicated its second half would continue to be weak, material wins under NBN Co’s upgrade program could be an important swing factor.
Read MoreGeneticSignatures (ASX: GSS) a specialist molecular diagnostics (MDx) company, plans to leverage its existing suite of real-time screening products into an expanding customer base.
Read MoreThe Australian sharemarket’s choppy start to the week and month continues, with the ASX 200 up 0.6% thanks mainly to gains from mining companies and banks.
Read MoreASX200 up 43 points (0.6%) to 6805. Rio Tinto (); said its chairman Simon Thompson would step down amid the fallout from its destruction of two ancient rock shelters in Australia.
Read MoreShares of Target slumped 6.8% on an underwhelming profit outlook. Tech giants Apple (-2.1%), Facebook (-2.2%), Microsoft (-1.3%) and Tesla (-4.5%) dragged down the Nasdaq index.
Read MoreThe December quarter national accounts are out later today and will likely show growth of around 2.4% to 2.6% quarter on quarter but GDP at the end of 2020 still down around 1.8% over the year.
Read MoreThe heat went out of home building approvals in January as the Federal Government’s Home Builder program was wound back a notch or two.
Read MoreWarren Buffett has again reminded investors – large and small – about the costs of following fashionable investors and styles and not being like him: consistent.
Read MoreTravel group Flight Centre has lengthened what it called in its interim results last week its “liquidity runway” by $90 million to more than $1.2 billion.
Read MoreThe RBA board has again made it clear that it will not be moving interest rates before 2024 at the earliest, despite speculation about the effects of rising house prices and inflation.
Read MoreThe Aussie market has given back its early improvements with the ASX 200 falling 27 points or 0.4% having been as much as 1% higher near the open. Resources were the main decliners while financials & consumer staples advanced.
Read MoreThe seasons have changed for Nufarm, for the better, generating a welcome return to a profitable outlook.
Read MoreAs demand for home-based goods continues apace Harvey Norman is in a purple patch. How long will such buoyant times prevail?
Read MoreAfterpay’s rapid global expansion has taken the market by storm but not all are convinced of its value.
Read MoreThe Aussie market is adding to Monday’s big gains, although gains are fading from opening highs. Financials, IT & materials are lifting most while energy & property weigh.
Read MoreASX200 up 49 points (0.7%) to 6838. Don’t forget the Reserve Bank interest rate decision at 2.30pm. No change is expected by just about all economists.
Read MoreBond yields stabilised. The US House of Representatives passed a US$1.9 trillion coronavirus relief package on Saturday. Johnson & Johnson (+0.5%) said its authorised Covid-19 vaccine will be available in 1-2 days.
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