September 2024

At 11:35am, the S&P/ASX 200 is 0.14 per cent lower at 8,098.20, following a holiday closure on Wall Street. The index had gained 0.2% the previous day, coming close to its record high. Of the 11 sectors, seven declined, particularly consumer-related stocks, with Coles, Woolworths, and Wesfarmers seeing notable drops. Strike Energy was the largest […]

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

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

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

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

Mineral exploration hit a two-year low in the three months leading up to June, as deep cuts to spending by both large and small mining companies since the start of the year caught up with the industry in the final months of the 2023-24 financial year. The decline was driven by a drop in demand

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

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.

Global markets were muted on Monday, with US markets closed in observance of Labor Day. Traders are bracing for the arrival of jobs data later in the week which are expected to help determine how the Federal Reserve goes about cutting interest rates. However, futures tied to indexes were trading. Dow Jones Industrial Average futures

Struggling gambling company The Star (ASX:SGR) has been suspended from trading on the ASX after failing to post its financial results within the reporting period. The Star received a copy of the NSW regulator’s probe into its culture on Friday, the same day it was supposed to unveil its financial performance for the 12 months