January 30, 2024

Shares of China’s biggest electric vehicle maker, BYD, fell more than 4% on Tuesday after its 2023 profit forecast indicated that it might face financial challenges similar to Tesla due to the intense price war. At one point, BYD shares were down almost 6%, but they recovered slightly to close down 4.4%, bringing the year-to-date […]

When will the budget crack, and will all that silly spending on golf, soccer, and tennis be cut? Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels per day, abandoning a planned increase, the firm said on Tuesday afternoon. The country had plans to boost oil output

The chances of Elon Musk getting billions of dollars in shares to gain control of Tesla have suffered a significant setback. A judge in Delaware voided his extravagant $56 billion compensation package from the company. “Plaintiff is entitled to rescission,” Judge Kathaleen McCormick declared in her ruling, instructing the parties to collaborate on a final

Gerald Stack discusses the impact of interest rates on the infrastructure sector and how this affects company valuations. Gerald also provides insight on movements within the infrastructure strategy and how the team are positioning the portfolio for 2024.

Indonesia, the world’s largest nickel producer, is making waves in the global nickel market, flooding it with an abundance of low-cost supplies. This surge in nickel production is forcing competitors to shutter unprofitable mines and is causing concerns in Western capitals about China’s growing dominance over this strategically critical resource. In the past year, Indonesia

The S&P 500 ended Tuesday near the flatline as Wall Street waits for the latest Federal Reserve decision on interest rates. The benchmark slipped 0.06 per cent to close at 4,924.97. The Dow Jones Industrial Average added 133.86 points, or 0.35 per cent to end at 38,467.31, marking its seventh record close this year. The

Not so confident now in Hong Kong. After resisting the negative impact of Monday’s news that China Evergrande had been put into liquidation with a rise of 0.8%, reality slammed into the market on Tuesday with a sharp fall in the Hang Seng index. It lost more than 2% and extended the fall to 2.4%

In 2023, Toyota Group achieved a historic sales record, boosted by its subsidiaries Hino Motors and Daihatsu Motor, as well as a surge in sales from its luxury Lexus business, reaching a total of 11.2 million vehicles sold. This marked a significant increase from the 10.7 million vehicles sold in 2022. Additionally, Toyota reported a

The Australian sharemarket extended its winning streak to seven sessions, with the S&P/ASX 200 index gaining 0.3% and reaching 7600.2 points at the close, nearing its previous record high from August 2021. However, it fell short of the intraday high of 7632.8 set during the same month. Futures The Dow Jones futures are pointing to

Unlike Gold Road Resources (ASX:GOR), which surprised investors with a cut to its 2024 production guidance on Monday, Ramelius Resources (ASX:RMS) has increased its guidance for the year ending in June. Gold Road operates on a calendar financial year, so its lowered guidance compared to 2023 is yet to take effect. Meanwhile, Ramelius has raised