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In a strategic move to bolster its position in the global energy market, Woodside (ASX:WDS) has announced a landmark agreement with LNG Japan. The deal comprises three key elements: equity in the Scarborough Joint Venture, potential LNG offtake, and collaboration on ventures in the emerging new energy sector. Woodside’s CEO, Meg O’Neill, welcomed LNG Japan […]

China’s trade performance in July fell short of forecasts, with exports experiencing a steep decline of more than 14%, and imports falling by a significant 12%. Despite leaving the country’s trade account balanced with a surplus of over $US80 billion, the outcome continued the slide seen since earlier this year, adding more confirmation to the

In a recent ANZ-Roy Morgan survey, consumer confidence took a hit, declining by 3.4 percentage points to 75 last week. This drop occurred even as the Reserve Bank of Australia decided to keep the cash rate on hold. The persistently weak confidence levels, remaining below 80 points, have now endured for an unprecedented 23 consecutive

Berkshire Hathaway has experienced a significant surge to a record high in the wake of its Saturday earnings report, which showcased an operating profit for the second quarter surpassing Wall Street’s expectations. The Class B shares of Buffett’s conglomerate, which comprises railroad, utility, energy, and insurance companies, soared by 3.6 percent, reaching $US362.58 at the

In its latest trading update, Australian department store chain Myer (ASX:MYR) has raised its profit expectations by an impressive 15 to 21 per cent for the financial year 2023. The updated profit forecast now ranges between $69 million and $73 million, reflecting the company’s robust performance in the current financial year. Myer reported a significant

Price rises and better-than-expected sales volumes in the huge US market saw the building products group James Hardie (ASX:JHX; NYSE:JHX) survive the uncertainty in parts of the global home building and construction sectors in the three months to 30th June. The company reported a modest 3% dip in net profit to $US157.8 million, off the

Empire Energy Group (ASX:EEG) has taken a significant step forward in advancing its gas transportation services by entering into an initial agreement with APA Group (ASX:APA), Australia’s leading energy infrastructure business. The agreement aims to establish exclusive midstream gas infrastructure early works and proposed long-form agreements, furthering the memorandum of understanding as announced by Empire

In the month of July, the NAB monthly survey exhibited that business conditions experienced a marginal dip of one basis point, settling at +10 index points, while business confidence witnessed a positive shift, rising by two points to reach +2 index points. These contrasting trends came as a surprise to analysts who had anticipated a

Empire Energy (ASX:EEG) and APA Group (ASX:APA) have agreed to develop midstream gas infrastructure in the Beetaloo Basin. APA will invest up to $5 million for pre-engineering studies to support gas transportation to the Northern Territory and East Coast markets, subject to approvals. In response, Empire’s MD Alex Underwood commented, “APA potentially funding the midstream