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China’s property woes deepen: Country Garden warns of debt woes as property crisis escalates

As the week unfolded, China faced a series of critical challenges that reverberated through its financial and real estate sectors. The largest remaining property player, Country Garden, delivered a jolt to markets with a record first-half loss of almost $7 billion USD ($11 billion AUD) and a stark warning of its potential inability to meet […]

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Stronger than expected June quarter business investment, but plans still point to slowdown

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses capital expenditure across private firms. Key points:Australian capital expenditure (or business investment) across private firms rose by a stronger than expected 2.8% in the June quarter (in volume terms), with the previous quarter revised up to 3.7%qoq (from 2.4%). This leaves it

Stronger than expected June quarter business investment, but plans still point to slowdown Read More »

Australian home price growth picked up slightly in August – tight supply versus high interest rates

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses home price growth. Key points:CoreLogic data showed national average home prices rose 0.8% in August, up slightly from 0.7% in July, their sixth monthly rise in a row. They are now up 4.9% from their February low.Monthly gains are down from 1.2%

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Stealth confirms record financial performance in FY23

Stealth Global Holdings (ASX:SGI), a prominent provider of industrial supplies and solutions, has reported exceptional financial results for the fiscal year ending on June 30, 2023. The company, renowned for its diverse range of industrial offerings for workplaces, achieved significant growth and improved financial metrics. Record-breaking Year of GrowthThe company’s latest financial report underscores its

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IGO’s record lithium-derived payout cushions impact of nickel asset writedowns

In the wake of significant writedowns on the value of its nickel assets acquired through the expensive Western Areas takeover, IGO (ASX:IGO) is poised to alleviate any distress for its shareholders. The company is set to deliver a remarkable final payout, including a bonus payment derived from its successful lithium ventures. IGO’s pivot to lithium

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ACCC takes legal action against Qantas for breach of consumer rights over cancelled flights

The Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings against Qantas (ASX:QAN) in the Federal Court, alleging violations of consumer protection laws related to its handling of cancelled flights and lack of communication with affected passengers. According to the consumer and competition regulator, Qantas sold tickets on its website for over 8,000 domestic

ACCC takes legal action against Qantas for breach of consumer rights over cancelled flights Read More »

Stocks of the Hour: Healthia, Prominence Energy, Dreadnought Resources

Healthia (ASX:HLA) entered into a Scheme Implementation Deed with Pacific Equity Partners, to acquire 100% of the fully diluted share capital in Healthia for $1.80 per share. In response, Chairman, Dr Glen Richards, said “In the Healthia Board’s view, the all-cash price at a significant premium to Healthia’s recent share price reflects the inherent value

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