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IEA reports growing impact of EV sales on global oil demand

15 Apr 2024 - All the tremors around markets on Friday and the weekend buried the appearance of a major global oil demand estimate of the early impact of the stuttering transition …

Coventry Group seeks $25 million from shareholders

15 Apr 2024 - Industrial parts supplier Coventry Group (ASX:CYG) is set to request $25 million from shareholders to finance a $42.1 million acquisition across the Tasman. The compa…

Fed's Daly says there is no urgency to cut rates

15 Apr 2024 - Federal Reserve Bank of San Francisco President Mary Daly says there is no urgency to adjust interest rates, given a strong labor market, robust consumer spending, an…

China's strong 2024 start halts

15 Apr 2024 - China's strong start to 2024 came to a rapid halt in March, judging by this week’s inflation and trade data.

Oil rebounds despite IEA's trimmed forecast

15 Apr 2024 - Oil rebounded Friday even as the International Energy Agency trimmed its forecast rise in 2024 global oil demand.

Gold prices soar to record highs before retreating

15 Apr 2024 - Gold prices surged over $2,400 an ounce in early trading on Friday, hitting successive, never-before-contemplated highs in the wake of the very dovish statements from…

Reality strikes Wall Street

15 Apr 2024 - Reality struck Wall Street on Friday from various directions, setting up a nasty opening for the ASX this morning. Friday night’s share price futures platform had the…

US quarterly reporting season heats up

15 Apr 2024 - The US March quarter reporting season accelerates this week with three more banks and Netflix down to be the most watched filers.

BP shares surge amidst UAE's acquisition interest

15 Apr 2024 - Shares in the oil major BP surged by 3.4% on Friday following reports that the United Arab Emirates' (UAE) state-owned oil company had recently considered purchasing …

World iron ore prices surge by 15% following recent dip

15 Apr 2024 - Two weeks after experiencing a price slide in late March and early April, world iron ore prices made a remarkable recovery last week, registering a substantial 15% ga…

Market expectations for the week ahead

15 Apr 2024 - What's ahead this week for markets? A lot of headaches, in addition to the usual flow of reports and data.

Steel summit: A forecaster's alert for Australian investors

12 Apr 2024 - A respected industry forecaster has strongly suggested that peak steel demand in China may have already occurred.

Tesla prepares to unveil quarterly financials

12 Apr 2024 - A significant week awaits Tesla as the company prepares to unveil its quarterly financials on Wednesday, potentially mirroring the outcomes of the same quarter in 202…

Stocks of the Hour: NewPeak Metals, HighCom, Estrella Resources

12 Apr 2024 - A snapshot of the stocks on the move, featuring NewPeak Metals (ASX:NPM), HighCom (ASX:HCL) and Estrella Resources (ASX:ESR).

Farewell Boral

12 Apr 2024 - It’s goodbye, Boral (ASX:BLD), as the company’s briefly rebellious independent directors accept a remade offer from Seven Group Holdings, the largest shareholder.

Moody's gives Ansell acquisition a thumbs up

12 Apr 2024 - Moody’s gave Ansell approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business.

Chinese economy faces deflation again in March

11 Apr 2024 - Deflation 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 …

Northern Star Resources' quarterly performance and market response

11 Apr 2024 - We 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 pe…

Stocks of the Hour: Krakatoa Resources, Cosmos Exploration, Vulcan Energy Resources

11 Apr 2024 - A snapshot of the stocks on the move, featuring Krakatoa Resources (ASX:KTA), Cosmos Exploration (ASX:C1X) and Vulcan Energy Resources (ASX:VUL, FSE:VUL).

NEXTDC pursues $1.3 billion capital raise for data center expansion

11 Apr 2024 - NEXTDC (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 cente…

Robotaxis face challenges amid regulatory scrutiny

11 Apr 2024 - Here's a significant warning for Elon Musk, Tesla, and investors banking on robotaxis to compensate for shelved Tesla EV variants.

March's US consumer price index

11 Apr 2024 - March'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 an…

China's auto industry rides high on demand rebound

11 Apr 2024 - China's car industry surged in March as demand recovered from weak levels in January, followed by a holiday-dampened February, propelling output higher.

China's credit outlook turns negative

10 Apr 2024 - In 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 publi…

Fitch revises China's rating

10 Apr 2024 - In a recent development, Fitch Ratings has opted to revise the outlook on China's long-term foreign debt from stable to negative. This move comes as Fitch cites escal…

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