If media and other reports are accurate, the European Union’s attempts to impose significant tariffs on imports of Chinese-made electric vehicles are encountering difficulties on two fronts. First, the idea of tariffs is unsettling member states, and Reuters reports that there is no clear evidence of unanimity among the 27 members on the issue. Second, […]
EU’s proposed tariffs on Chinese EVs Read More »
Some analysis of the health of China’s depressed property sector in June attempted to suggest (almost desperately) that there was a hint of improvement in the data from the National Bureau of Statistics. Even though most property measures were still down by between 10% and more than 20%, this analysis suggested that because a couple
Chinas property sector slump Read More »
Despite solid production and sales performance for the six months ending in June, Yancoal Australia (ASX:YAL) is facing a 25% revenue decline due to weaker global prices. Although the coal miner anticipates a revenue slide of just over A$1 billion, it maintains its sales guidance for 2024 at 35 to 39 million tonnes. In its
Yancoal Australia faces 25% revenue drop Read More »
Netflix has again surprised doubters by revealing better-than-expected numbers for its second quarter. The news once again confirmed that in global media, there’s Netflix, and then daylight between it and its flock of rivals, especially when it comes to making a buck out of the business. It added more global subscribers and saw its advertising
Netflix defies doubters with strong Q2 performance Read More »
On Thursday, US stocks declined as investors continued to reduce positions in high-flying technology stocks and took profits from recent gains in other sectors. The Dow Jones Industrial Average fell 533.06 points, or 1.29 per cent, to close at 40,665.02. The S&P 500 decreased by 0.78 per cent to finish at 5,544.59, while the tech-heavy
Major indexes fall as investors continue tech sell-off Read More »
Evolution Mining (ASX:EVN) is poised for a stellar year, despite missing its gold production guidance. The surge in global gold and copper prices, augmented copper tonnage from acquiring 80% of the Northparkes mine, and stringent cost controls are set to propel the company’s revenue and earnings to new heights. Additionally, recent exploration at the Ernest
Evolution Mining poised for strong growth Read More »
More than 50,000 people found work last month, the Australian Bureau of Statistics (ABS) said on Thursday. The news from the June labour force report immediately prompted the “rate rise looms” crowd in the markets and business press to call for a rate increase at the August meeting of the Reserve Bank. In addition to
Australian labour market sees robust growth Read More »
Miramar Resources (ASX:M2R) has announced high-grade results from sampling completed during an initial reconnaissance field trip to the company’s new Chain Pool project in the Gascoyne region of Western Australia. These include assay results up to 5.48 per cent copper, 54.5 per cent lead and 73.48 grams per tonne of gold. Shares are trading 125 per
Stocks of the Hour: Miramar Resources, Noronex, Resouro Strategic Metals Read More »
The S&P 500 and Nasdaq Composite fell on Wednesday as investors shifted away from high-flying technology stocks towards more rate-sensitive sectors. The broad S&P 500 dropped 1.39 per cent to close at 5,588.27, while the tech-heavy Nasdaq declined 2.77 per cent to finish at 17,996.92, marking its worst session since December 2022 and its first
S&P500 falls as investors shift away from tech stocks Read More »
Vale, the big Brazilian iron ore giant, has had a rip-roaring bounce-back in the June quarter. So much so, it has snatched back the title of the world’s biggest producer from Rio Tinto (ASX:RIO). However, Rio Tinto has held on to the title as the leading iron ore exporter by the end of June. According
Brazil’s Vale regains title from Rio Tinto Read More »
