November 26, 2023

China’s property woes continue to inflict damage on the nation’s economy, with indications of substantial losses and potential criminal investigations surfacing as the government grapples with years of lax regulation, dubious transactions, and excessive lending throughout the financial sector. While the media has primarily focused on the gradual unraveling of giants like China Evergrande, Country […]

The Dow Jones Industrial Average rose on Friday, as the major averages notched a four-week winning streak. The 30-stock Dow rose 117.12 points, or 0.33 per cent, to 35,390.15. Meanwhile, the S&P 500 ticked higher by 0.06 per cent to end at 4,559.34. The Nasdaq Composite fell 0.11 per cent, closing at 14,250.85. Major retail

A meandering week ahead for markets, featuring some inflation news in the US and Australia, a GDP update for America, building approvals in Australia, China’s latest economic activity surveys, and a final rush of meetings and earnings releases both locally and offshore. Markets and analysts will be closely monitoring Black Friday and Cyber Monday sales

Wall Street offered Australian investors little guidance as they resumed trading today, leaving them with nothing but fond wishes and hopes for retailers. Futures trading for the ASX 200 saw a 15-point gain by the early Saturday close, adding to Friday’s small local gain, which couldn’t erase the week’s 0.12% loss. Local investors are now

Gold prices rose in light holiday trade early on Friday as the dollar weakened, while rising treasury yields checked the gains. Comex gold for February delivery closed up $10.30 to settle at $2,022.10 an ounce. The December contract ended the after-hours session at around $2,003.70 an ounce, up 0.5% for the day and 1% for

A week ago, no one anticipated the sudden uncertainty gripping the oil markets. The steadfast support for production cuts within the OPEC+ group appeared unshakable, with little indication of any discord before the widely expected meeting on Sunday to extend production cuts into the new year. However, fast forward seven days, and that solidarity has

A London court decision on Friday could provide BHP with a significant advantage in limiting potential financial liabilities related to a British court class action concerning the 2015 dam collapse at the Samarco iron ore pellet operation in Brazil. BHP owns half of the Samarco business and its associated infrastructure in partnership with its Brazilian