August 20, 2024

Protective wear group, Ansell (ASX:ANN) saw a dip in sales, a near 50 per cent slump in earnings and its profit dropped by nearly half and shareholders will share in some of the pain, as will more than 1300 staff members who will lose their jobs. The global manufacturer of personal protective equipment reported a […]

Elon Musk might be crowned the world’s richest person, but according to the Wall Street Journal, he’s earned another, less flattering title: the worst dealmaker in US markets since the Global Financial Crisis. The Rupert Murdoch-owned paper is slamming Musk’s $44 billion takeover of Twitter, now rebranded as X. Since late 2022, the social media

The U.S. dollar hit its lowest point of the year on Tuesday as investors anticipated that the Federal Reserve would soon begin lowering interest rates and the market turbulence from August’s sell-off subsided. The dollar has dropped 2.2% against a basket of major currencies this month, returning to levels not seen since January’s first trading

China’s electricity consumption is on the rise, particularly during summer months when heatwaves drive up air conditioning usage, leading to record-breaking levels of electricity production. A global leader in solar and wind power installations, China’s reliance on coal is also increasing. Last year, coal generated a record 5,760 terawatt hours of electricity. To address this,

The most significant event this autumn might not be the US election, a conflict in the Middle East, or even the World Series. For many Americans, it will be the first reduction in US interest rates in over four years. While the anticipated rate cut by the Federal Reserve in mid-September won’t immediately impact the

The US market’s recent rally hit a snag overnight as stocks retreated, ending a winning streak. The Dow Jones Industrial Average slipped 0.15 per cent to 40,834.97, while the S&P 500 and Nasdaq Composite declined by 0.2 per cent and 0.33 per cent, respectively. This marked the first negative day for the Dow in six

Fast-fashion giant Shein has filed a lawsuit against its rival, Temu, alleging copyright infringement, trademark infringement, and fraud. The suit, filed in Washington, D.C. federal court, comes as Shein itself faces similar allegations from a wide variety of brands and independent artists. In its complaint, Shein accused Temu of stealing its designs and building an

A potential takeover of 7-Eleven’s parent company, Seven & i Holdings Co., by Canadian retail giant Alimentation Couche-Tard, is likely to face significant antitrust scrutiny, particularly in the United States, according to a retail analyst. Bryan Gildenberg, managing director at Retail Cities, told CNBC’s “Street Signs Asia” that the merger of 7-Eleven and Circle K,

The global commodities market has experienced significant volatility this year, with prices largely remaining elevated. Futures for orange juice and cocoa surged to record highs in the first half of the year, while crude oil prices fluctuated in response to news from the Middle East. Gold prices have continued to rise, but base metals like

Global plumbing products group, Reliance Worldwide (ASX:RWC), reported the same weak results on Tuesday as its Australian-focused rivals, GWA and Reece, did on Monday. Both local companies managed a small rise in dividends, but Brisbane-based RWC has again taken the unusual step of making a major change to the structure of its dividend with the