LA Private

October 27, 2023

Shares under pressure, Central banks at/near top, RBA likely to hike, but case for wait and see

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week US shares fell again over the last week on the back of ongoing worries […]

Shares under pressure, Central banks at/near top, RBA likely to hike, but case for wait and see Read More »

Standard Chartered faces $1.6 billion loss due to China exposure

Pan-Asian bank Standard Chartered has revealed significant financial damage due to exposure to Chinese banks and the slumping property sector. On Thursday, the London-based Asian operating bank witnessed a 17% collapse in its shares on the London Stock Exchange, prompting a trading limit to be imposed. This drop followed the announcement of a nearly $US1

Standard Chartered faces $1.6 billion loss due to China exposure Read More »

Harvey Norman reveals 10% share buyback plan amid weak September sales

Harvey Norman (ASX:HVN) has unveiled a surprising plan for a 10% share buyback worth $442 million over the next year. This move comes in response to dismal September quarter sales and a grim outlook for the future. During the September quarter, sales plummeted by over 98% across the company’s empire, with a staggering 13% drop

Harvey Norman reveals 10% share buyback plan amid weak September sales Read More »