LA Private

September 2, 2024

Property crisis hits Hong Kong: New World Development reports $2.6 billion loss

Has China’s property crunch infected Hong Kong’s huge sector, or are the problems at Star Entertainment Group adding to the woes of a major business family in the former UK colony? Shares of New World Development, a major Hong Kong property player, slumped nearly 14% on Monday after the company estimated a net loss of […]

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Chinese EV sales surge in August

Electric vehicle (EV) sales continue to grow in China, which is positive news for the industry, but it hasn’t been enough to lift the share prices of EV makers. Over the weekend, Chinese EV manufacturers Li Auto, NIO, XPeng, and BYD reported their August delivery figures. Li Auto delivered 48,122 vehicles in August, marking a

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Beyond batteries and solar: The critical role of Antimony

Batteries, solar panels, and nuclear weapons all share a crucial material: antimony. As Beijing tightens its control over rare-earth materials—an apparent response to increasing trade restrictions and tariffs on Chinese-made goods—the global supply chains for critical materials like antimony are set to feel the impact. The prices of rare metals have surged in recent months

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Building approvals surge in July

Good news from the home building industry at the start of 2024-25. Figures out on Monday showed building approvals jumped more than 10% in July after local governments started clearing backlogs left at the end of the June financial year and quarter. Data on Monday from the Australian Bureau of Statistics showed the total number

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REA Group’s bold bid for rightmove

Investors didn’t welcome the news on Monday—shock news, actually—that the Murdoch family-controlled REA Group (ASX:REA) was looking to acquire a similar business in the UK. REA stated that it is considering a cash-and-share offer for Britain’s Rightmove, citing what it called a “transformational opportunity.” Rightmove is the largest property portal in the UK, similar to

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BYD drives record EV sales in August

China’s EV boom remains alive and continues to grow—well, for industry leader BYD, that is, thanks to its determined push deeper into so-called plug-in hybrids. The company announced on Monday that it sold a record number of EVs in August, referred to as NEVs (new energy vehicles) in China, which includes battery-powered and plug-in hybrids.

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Stocks of the Hour: Imugene, RocketDNA, Marquee Resources

Imugene (ASX:IMU) announced promising results from its Phase 1b clinical trial with azer-cel, in patients with relapsed/refractory diffuse large B cell lymphoma. All enrolled patients had cancer that had returned following autologous CAR T therapy, a high unmet need for this patient population. Shares are trading 25.81 per cent higher at 7.8 cents. RocketDNA (ASX:RKT)

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