The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura…
ASX jumps 1.37% with tech shares leading the way as US inflation slows
The ASX has made a strong showing today, gaining 1.37% or 95.8 points to 7,102.50 and setting a new 20-day high. The boost brought the…
China retail sales, industrial data grow faster than expected in October
China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened.
Australian insurers take cautious investment approach in light of high inflation and rising interest rates
A new report from Janus Henderson Investors has revealed a strong trend of greater caution in investment strategies among Australian insurance companies….
PGA Tour says it will offer players equity ownership after it seals deal with investors
The PGA Tour is in talks with Saudi Arabia’s Public Investment Fund to complete a framework aagreement they reached earlier this year.
ASX iron ore juniors make hay while the sun shines
Iron ore prices have risen to record levels in recent weeks as the raw material for steelmaking has shown tremendous resilience against a slowing global…
Biotech stocks weather down market; showing solid signs of recovery
It’s been a difficult quarter for the biotech sector, with economies struggling to recover from high inflation making for a small appetite for risk. The…
Payment firms’ return-to-office policies put innovation to the test
As more corporations call employees back to the office, payments technology firms like Wise are balancing the need for in-person collaboration with meeting workers’ flexibility…
Here’s the inflation breakdown for October 2023 — in one chart
The consumer price index continued a steady decline in October on the back of lower gasoline prices.
Ex-Klarna COO fired from new CEO role after watchdog’s red flag
Klarna Bank’s former chief operating officer was forced to leave his post at the helm of one Sweden’s biggest online savings platforms having held the…