Lendlease (ASX:LLC) is taking a financial hit to extricate itself from low yields and loss-making overseas investments in construction, building, and other developments. The company will make impairments of up to $1.48 billion, writing down these offshore investments, signaling an end to its global ambitions. To allay concerns among investors, it plans to prioritize an […]
Lendlease’s strategic shift amidst financial challenges Read More »
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 Major share markets were flat to down over the last week as uncertainty returned
Insights from Ausbil’s Paul Xiradis on market performance, sector strategies and the outlook for earnings. Paul Sanger: Hi, I’m Paul Sanger for the Finance News Network, and joining us this day is Ausbil’s Executive Chairman, Chief Investment Officer and Head of Equities, Paul Xiradis. Paul, welcome. Paul Xiradis: Thank you. Paul Sanger: Now, Paul, can
Ausbil’s Paul Xiradis on market performance, sector strategies and earnings outlook Read More »
The big deal this week might be US inflation data and economic growth at the end of the week. Before then, though, there’s the Wednesday evening deadline in London for BHP and Anglo America to do a deal. Anglo gave BHP a week’s extension to try and produce a convincing offer (it would be the
Key events and indicators driving economic sentiment this week Read More »
How quickly that “property rescue” move from the Chinese government was forgotten—announced Friday, May 17, dead by Friday, May 24, if last week’s falls on Chinese and Hong Kong stock markets are any guide. The Hang Seng Index in Hong Kong fell nearly 5.2% over the week, and the property sub-index lost a larger 6.5%.
China’s property market: Rescue plans & debt dilemmas Read More »
Now for the Pilbara battle of the trucks: BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are commencing joint trials on battery-electric trucks, while smaller rival Fortescue has already initiated trials with a green hydrogen-powered vehicle. BHP will trial trucks from Caterpillar of the US and Komatsu of Japan, while Fortescue’s truck is from Liebherr Mining, the
The race for renewable fleet dominance in the Pilbara Read More »
