World News

China’s Evergrande fiasco: Could it spill over to Australia?

China’s Evergrande faces a possible default on debt payment.

Highlights China’s largest property group Evergrande faces a possible default on debt payment. The Chinese builder debt ballooned to 2 trillion yuan (or US$310 billion) by June 2021. The company has to pay interest dues of US$131 million...

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Indonesia launched new steel plant amid skyrocketing steel prices

Indonesia launched new steel plant amid skyrocketing steel prices

Highlights Indonesia has inaugurated a new 1.5Mt annual output capacity steel plant. The new steel plant is designed to produce hot-rolled coils. Steel prices are currently touching sky highs due to production curbs in China. Joko Widodo,...

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Bounty Oil & Gas’ (ASX:BUY) Seablue-1 exploration well proposal progresses, letter of Intent issued to Oil States

Bounty Oil & Gas’ (ASX:BUY) Seablue-1 exploration well proposal progresses, letter of Intent issued to Oil States

  • September 22, 2021 11:50 AM AEST
  • Akshay

Oil and gas player, Bounty Oil & Gas NL (ASX:BUY), shared an upbeat market update provided by its PEP-11 gas project joint venture partner, BPH Energy Limited (ASX: BPH). In the latest move, BPH Energy’s investee company Advent Energy has...

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5 ASX shares with more than 4x returns in 2021: QPM, CTT, VUL, NVX, CXL

5 ASX shares with more than 4x returns in 2021: QPM, CTT, VUL, NVX, CXL

Highlights In 2021, ASX 200 index delivered more than 10% growth till date. Many ASX-listed players have delivered an outstanding performance in 2021. QPM, CTT, VUL, NVX, CXL are a few players with YTD growth of over 300%. In 2021, ASX 20...

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ASX 200 opens lower; Zip announces to enter Indian market

ASX 200 opens lower; Zip announces to enter Indian market

  • September 22, 2021 11:20 AM AEST
  • Aayush

The Australian share market opened lower on Wednesday, with frontline miners weighing on the benchmark index as copper prices fell overnight to hit a one-month low. During the opening session, the ASX 200 was trading 8.8 points or 0.12% lower at 7,...

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Oil rises as investors are concerned about growing oil demand and supply gap

Oil rises as investors are concerned about growing oil demand and supply gap

Highlights Crude oil prices rose on Tuesday. The oil demand is improving as the world recovers from coronavirus. API data suggests that U.S. crude oil, distillate, and gasoline tumbled last week. Crude oil prices rose on Tuesday as big OP...

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Sleepless in Solana: How SolDate is Bringing Romance to Finance

Sleepless in Solana: How SolDate is Bringing Romance to Finance

Highlights Soldate is a decentralised dating platform built on the Solana network. It’s the first dating platform of it’s kind and provides a secure platform for its users SolDate aims to turn community involvement into a large forc...

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ASX 200 set to fall; Sonic, Sandfire to pay dividends today

ASX 200 set to fall; Sonic, Sandfire to pay dividends today

  • September 22, 2021 08:47 AM AEST
  • Ashish

The Australian shares may open lower on Wednesday following a disappointing night on Wall Street. While heavyweight miners may weigh on the benchmark as copper prices hit a one-month low, a modest rise in gold and oil prices is likely to benefit lo...

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US markets close mixed as defensive stocks lead gains

US markets close mixed as defensive stocks lead gains

Benchmark US indices closed mixed on Tuesday, September 21, after healthcare, energy, and technology stocks led gains in intraday trading buoyed by positive income expectations. The S&P 500 fell 0.08% to 4,354.19. The Dow Jones fell 0.15% to 33,...

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Buying in Utilities and Technology Sectors Helped Australian Market

Buying in Utilities and Technology Sectors Helped Australian Market

On 21st September 2021, the broader Australian market ended the session in green after significant buying was witnessed in the utilities as well as technology sectors. Notably, ASX 20 rose by 0.22% to 3,995.10 and ASX 200 increased by 0.35% to 7,273....

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French reprisal on the trade front for Australia?

French reprisal on the trade front for Australia?

Highlights  A week ago, Australia scrapped a US$90-billion contract for buying French submarines. Three nations - Australia, the UK and the US - have announced a new trilateral partnership for security. The signs of retaliation from Franc...

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