April 2024

Chinese EV giant BYD sold and exported a total of 626,263 new energy vehicles in the first three months of this year — the highest first quarter figure so far. After a weak performance in January and February (the latter impacted by the Lunar New Year break), sales rebounded in March to the second highest […]

Perenti Limited (ASX:PRN)announced today that its underground mining business Barminco has been awarded a new contract for the provision of mining services at Regis Resources Duketon Operations in the Goldfields region of Western Australia. The new contract is valued at A$393 million based on an initial 3-year term. Perenti Managing Director & Chief Executive Officer Mark

The Australian share market ignored the softer lead from the US market overnight to trade above the record 7900 level. Approaching midday the S&P/ASX 200 was trading 7 points higher at 7903 above the 7900 record level touched last week. Gold, oil and materials stocks were the key drivers pushing the market to new highs.

A volatile start to the second quarter for iron ore prices which swung sharply in trading across Asia on Monday. Iron ore prices slumped sharply, then rebounded just as sharply on Monday in holiday -impacted trading after China’s steel industry associated urged producers to cut production and iron ore stocks at 45 major Chinese ports

US markets kicked off the post Easter week by giving up ground on what was a winning month for March and a strong first quarter. New inflation data raised concerns that the Fed may struggle to hit its target of three rate cuts by the end of 2024. The Dow fell 0.6 per cent, the

The irony couldn’t have been starker – there was China’s President Xi Jinping sweet talking a group of foreign CEO’s last week and while this was going on two major listings – of parts of Chinese-owned companies, were pulled. In a series of high-profile events, Chinese officials pledged equal treatment for foreign firms, expressed confidence

Why do American economists, analysts and everyone else seem to think interest rates need to fall when it’s clear that inflation – while a little resistant at the moment – is slowly cooling, the economy remains solid and growing, retailing sales and household spending are ticking over nicely, business investment is more than OK and

More signs of renewed life in the Chinese and Japanese economies with the two surveys of business activity showing improvement in March. The official survey of big companies conducted by the National Bureau of Statistics (NBS) produced the most interesting results as China’s manufacturing activity expanded for the first time in six months in March.