August 14, 2023

A new crisis enveloped the beleaguered Chinese property developer, Country Garden, leading to a sell-off in Hong Kong shares on Monday. Additionally, reports spread about a major asset manager allowing defaults to occur on fixed interest products. From the market’s reaction on Monday, it appears that investors have lost faith in Country Garden. The crisis […]

According to the firm’s 13F (fund manager) filing with the US Securities and Exchange Commission after trading ended on Monday, Buffett bought around $4.6 billion worth of shares in the quarter, led by the homebuilders (which some analysts said was somewhat surprising). Berkshire displayed new stakes in homebuilders D. R. Horton, Lennar Corp, and NVR,

The National Australia Bank (ASX:NAB) revealed a $1.5 billion share buyback on Tuesday morning following news of a modest 5.8% increase in third-quarter cash earnings to $1.90 billion. The buyback gesture indicates the bank’s relatively unconcerned stance towards the impact of higher interest rates on homeowners transitioning from fixed-rate mortgages to variable loans, as well

The S&P 500 and the Nasdaq Composite rose Monday lifted by a rebound in chip stocks and tech names. The broad market index added 0.57 per cent, closing at 4,489.72. The tech-heavy Nasdaq gained 1.05 per cent, ending the day at 13,788.33. Meanwhile, the Dow Jones Industrial Average advanced by 26.23 points, or 0.07 per

At the closing bell, the S&P/ASX 200 was 0.86 per cent lower at 7,277. The main reason for this decline was renewed worries regarding the state of China’s economy, which negatively impacted mining stocks. Specifically, iron ore futures in Singapore fell by 2.4%, closing at US$100.30 per tonne. This decline in iron ore prices led

The S&P/ASX 200 index is currently down 0.92 per cent, with the value at 7,272.80 points. The SPI futures have dropped by 73 points. Breaking down sector performance, Communication Services is the top performer, witnessing a 0.55 per cent increase. Meanwhile, Materials is the worst-performing sector, seeing a decline of 1.6 per cent. Among large-cap

The Australian dollar’s value fell by 0.3% to US64.75¢, marking a two-month low. This decline follows a more than 1% decrease during the previous week, which was the fourth consecutive week of decline. If the Australian dollar goes below US64.56¢, it would reach its lowest point since November of the prior year. The drop in