Panama City, Panama – The Panama Canal, a vital artery for global trade, is set to face significant cutbacks in the number of ships allowed to cross its historic waters due to an unprecedented drought caused by climate change. As more than 3 percent of the world’s trade passes through this nearly 110-year-old engineering marvel, […]
Panama Canal shipping cutbacks amidst drought threaten global trade Read More »
Iron ore prices have surged to their highest levels in over five weeks, and analysts at Citi suggest that the rally could continue, potentially pushing the steel-making commodity to $US130 per tonne by the end of the year. The key factor driving this optimism is the possibility of China increasing its policy stimulus measures, which
Citi predicts iron ore price rally could reach $US130 per tonne by year-end Read More »
Unlike its US rivals such as GM and Ford, Toyota believes in the necessity of transitioning to electric vehicles. Ford and GM have begun hedging their bets on the EV transition due to the higher costs resulting from recent multi-year wage negotiations with the United Auto Workers Union. They argue that the early adopters have
Toyota’s strong commitment to electric vehicles sets it apart from GM and Ford Read More »
As expected, the Federal Reserve in the US held its key Federal Funds Rate at a 22-year high on Wednesday, with no rate rise in sight. However, the central bank remains open to the possibility of further monetary tightening, given the ongoing strength of the US economy. Rates have been maintained in a range of
Federal Reserve keeps rates steady amid uncertain economic outlook Read More »
Believers like BHP in China’s economy, and the stimulus it brings to countries like Australia, remain steadfast even as the country’s property sector groans under bad debts and failures, and the government outlines even more financial support. Iron ore prices this week hit five-week highs of more than $US121 a tonne (on the SGX futures
BHP believes in China’s economy amidst property sector woes Read More »
Fund Manager Chris Pedersen discusses household spending. Companies discussed include:QBE Insurance (ASX:QBE)Data#3 (ASX:DTL)Computershare (ASX:CPU)
Household spending declines and calls for an increase in production Read More »
On Wednesday, the stock market experienced a second consecutive day of gains as investors eagerly anticipated the Federal Reserve’s policy statement, hoping to gain insights into the central bank’s future interest rate decisions. The primary focus is on the Fed’s potential guidance, and it is widely anticipated that they will maintain their current interest rates.
ASX closes 0.85% higher: Investors await the Fed rate decision Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home prices. Key pointsAustralian home prices rose again in October, with the supply shortfall on the back of record immigration dominating. Prices are now on track for a 9% gain this year.While the supply shortfall is likely to continue there is a
Australian home prices up on supply shortfall, but at risk from high rates Read More »
Australian building approvals in September fell by 4.6%, surprising analysts who had anticipated a 1.3% increase. Additionally, private sector house credit dropped by the same percentage, as reported by the Australian Bureau of Statistics. At noon, the S&P/ASX 200 is 0.26 per cent higher at 6,798.10. The SPI futures are pointing to a rise of
ASX up 0.26% at noon: Australian building approvals fall 4.6% Read More »
To register for Friday’s webinar click here. NOVONIX (NASDAQ:NVX, ASX:NVX) has finalised its US$100 million grant award from the U.S. Department of Energy to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee.In response, Dr. Chris Burns, CEO of NOVONIX, “the ability to deploy $100 million towards Riverside’s
Stocks of the Hour: NOVONIX, Wildcat Resources, Ioneer Read More »
