LA Private

February 2024

Apple’s EV exit: A catalyst for BYD’s ambitious expansion

Apple garnered significant attention with the rational decision to abandon its EV ambitions, a move that resonated with a mix of reactions from despair to optimism within the sector. This decision signals a reduction in competition from another player striving to enter the market with hefty investments and media coverage, only to potentially falter due […]

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Reserve Bank of NZ holds steady at 5.5% OCR amid inflation concerns

As expected, the Reserve Bank of NZ has kept its official cash rate steady at 5.5%, showing little indication of imminent easing. The central bank, in its post-meeting statement, emphasized its skepticism regarding a sustainable decrease in the Kiwi rate of inflation. Geopolitical factors, such as conflicts in the Middle East, pose inflation risks, while

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ASX closes 0.03% lower as disappointing earnings flocks in

On Wednesday, the ASX experienced a slight decline, ending a four-day winning streak, with the ASX 200 falling by 0.03%, attributed to disappointing earnings reports from major companies. Australia’s consumer price index remained steady at 3.4%, below analysts’ expectations, indicating a continued disinflationary trend, potentially paving the way for interest rate cuts by the Reserve

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