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US stocks slid overnight after better-than-expected jobs data increased investors’ anxiety around the state of the economy and the path of interest rates. The data from the ADP showed that private sector jobs increased by 497,000 in June, in the biggest monthly gain since July 2022. June’s increase was more than double the Dow Jones […]

L Catterton, a private equity firm with the backing of luxury goods giant LVMH, is currently considering various strategic alternatives for Birkenstock. Bloomberg News revealed on Thursday that one of the options being explored is an IPO, which could value Birkenstock at a staggering $9 billion (US$6 billion) or more. According to sources familiar with

The Australian dollar briefly dropped 0.6 per cent to a low of US66.34 against the US dollar as sentiment continues to deteriorate across Asian markets. The dollar was buying US66.52c in afternoon trade and Commonwealth Bank analysts expect risk appetite to further fall and weigh on AUD as the global and Chinese economic outlook weakens.

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the share rebound. Key pointsAfter the rough ride of 2021-22, 2022-23 turned out to be a good one for investors as shares rebounded thanks to falling inflation and hopes rates are near the top.Shares are at risk of a pull back as

The United Nations has issued a call for substantial investment in clean energy in developing countries, highlighting the crucial role it plays in achieving global climate goals by 2030. According to the UN Conference on Trade and Development (UNCTAD), developing nations require an annual investment of approximately $1.7 trillion for renewable energy, but in 2022,

In the face of mounting speculation about tensions between Saudi Arabia and its oil ally Russia, Saudi Energy Minister Prince Abdulaziz bin Salman categorically dismissed such talk and instead praised the coordinated efforts of both nations to remove barrels from the market. The primary objective of this joint action is to stabilise oil prices amidst

The value of Australia’s lithium exports is expected to decrease after reaching a record $19.5 billion last year, as global production catches up with the surging demand for electric vehicles (EVs). The Department of Industry’s latest Resources and Energy quarterly report predicts a decline in the overall exports in the sector from a record $460

Bubs Australia Limited (ASX: BUB) has released the findings of its Strategic Review conducted over the past two months. The review focused on the company’s operations in the USA, Australia, and China, and aims to responsibly manage capital and drive growth to deliver shareholder value. Katrina Rathie, Chairman of Bubs, stated, “The Strategic Review sets

ABS has reported that Australia recorded a trade surplus of $11.8 billion in May, with strong commodity prices contributing to the boost in the economy. The balance on goods and services surplus increased by $1.3 billion on a seasonally adjusted basis. The rise in exports was driven by non-monetary gold, resulting in a $2.4 billion