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Markets

CBA warns of downside risks as profit slips to $9.8b

by Anas Siddiqui
CBA warns of downside risks as profit slips to .8b

Commonwealth Bank of Australia is bracing for a mild economic downturn as higher interest rates constrain growth and demand. And the bank’s boss has warned the effects of the Reserve …

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ASX ends on higher note despite corporate watchdog announcing court action over alleged misleading statements

by Anas Siddiqui
ASX ends on higher note despite corporate watchdog announcing court action over alleged misleading statements

The Australian share market ended on a higher note, buoyed by increasing health care, IT and real estate stocks despite investors being left spinning after the corporate watchdog’s shock announcement …

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Video game industry faces sluggish 2024 sales growth, Newzoo says

by Edgar Davis
Video game industry faces sluggish 2024 sales growth, Newzoo says

Analysts are expecting Nintendo to release a successor to its hit Switch console in its fiscal year 2025. Guillaume Payen | Sopa Images | Lightrocket | Getty Images The global …

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Australian shares head higher for fourth straight day

by Anas Siddiqui
Australian shares head higher for fourth straight day

The local share market is on track for its fourth straight day of gains as some of Australia’s biggest companies report earnings. At noon AEST on Wednesday, the benchmark S&P/ASX200 …

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Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

by Horatio Thompson
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’

BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC …

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Japan Tankan, US PPI, South Korea unemployment

by Walter Watson
Japan Tankan, US PPI, South Korea unemployment

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.  Bloomberg | Bloomberg | Getty Images Asia-Pacific markets have extended gains on Wednesday after producer prices in …

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ASX-listed Temple & Webster bucks retail slowdown with record full-year revenue

by Anas Siddiqui
ASX-listed Temple & Webster bucks retail slowdown with record full-year revenue

Temple & Webster has dodged the impact of a pullback in consumer spending being felt by the wider retail sector, with the online furniture retailer booking record full-year revenue. The …

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Australian shares higher as gold hits record high

by Anas Siddiqui
Australian shares higher as gold hits record high

The Australian share market has edged higher in its third straight day of gains, with losses by CSL and Seek outweighed by gains from the big banks and retailers. Goldminers …

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Stock market today: Live updates

by Ron Morgan
Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | …

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Li Auto’s July deliveries hit record as China’s EV buyers prefer hybrids

by Horatio Thompson
Li Auto’s July deliveries hit record as China’s EV buyers prefer hybrids

A newly released Li Auto L6 new energy vehicle is displayed at a store in Shanghai, China, on April 19, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese …

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