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Business news
Canada’s GDP slips in April as manufacturing falters
June 28, 2025 12:40 AM AEST| By InvezzCanada’s real GDP fell 0.1% in April, reversing a 0.2% increase in March, according to Statistics Canada. The national economy was dragged down by a broad recession in goods-producing industries, which fell by 0.6%, led by a sharp drop in manuf...
China’s smelters process Chilean copper for free amid historic supply crunch
June 27, 2025 11:36 PM AEST| By InvezzChina’s copper smelters have agreed to process copper concentrate from Chilean miner Antofagasta for free, setting a new low for treatment and refining charges (TC/RCs) in the global copper business. Four sources familiar with the situation tol...
Morningstar lifts Netflix target but warns shares remain overvalued
June 27, 2025 11:27 PM AEST| By InvezzNetflix shares have soared more than 47% in 2025, outperforming the broader market and leaving rival entertainment stocks trailing. Yet Morningstar analyst Matthew Dolgin remains one of the few skeptics on Wall Street, warning that the stock is still...
Nike shares jump on improved outlook, shift from China; analysts see recovery
June 27, 2025 08:35 PM AEST| By InvezzShares of Nike surged as much as 10% in premarket trading on Friday after the company offered a more optimistic first-quarter revenue forecast and outlined strategic measures to reduce its dependence on Chinese manufacturing. The moves, aimed at coun...
Crude oil sees steep weekly fall; tight US market limits further declines
June 27, 2025 08:13 PM AEST| By InvezzThe risk premium on crude oil faded considerably this week, with prices set for their steepest weekly fall since March 2023 on Friday. However, further declines in oil prices were arrested due to a tight US market, according to experts. This we...
US-China sign trade deal, 10 more with trading partners ‘imminent’: report
June 27, 2025 06:04 PM AEST| By InvezzThe United States and China have formally finalized a trade understanding first reached last month in Geneva, a move that could ease tensions between the world’s two largest economies. The deal, which includes a Chinese commitment to deliver rare ear...
Gold outlook shaky as markets look for economic direction
June 27, 2025 05:58 PM AEST| By InvezzThe current outlook for gold and silver prices remain uncertain as the daily moving average convergence and divergence continues to fall back to neutral levels, experts said. Gold is set for considerable weekly losses on Friday, with new risks...
Commerzbank sees China economic growth slowing in second half of 2025
June 27, 2025 03:49 PM AEST| By InvezzThe recent rise in retail sales growth in China due to stimulus measures is just temporary, according to Commerzbank AG. The policy impact is unlikely to be long-lasting, the German bank said. A significant increase in loss-making busines...
Copper price forecast as the rally gains steam
June 27, 2025 07:08 AM AEST| By InvezzLike most other assets, copper has had a wild 2025 as it hit a fresh all-time high in late March before plunging by about 25% less than two weeks later. Even so, it is still up 25% year-to-date. On Thursday, copper price extended its previous gains a...
China books first Argentine soymeal cargo since 2019 to diversify supply: report
June 27, 2025 02:18 AM AEST| By InvezzChina’s feed producers have sealed their first soymeal bulk cargo booking from Argentina since imports were approved by Beijing in 2019, as per a Reuters report. This could mean the start of a new direction in the country’s soymeal sourci...
Shell prioritises share repurchases over BP takeover rumours
June 27, 2025 02:13 AM AEST| By InvezzShell issued a definitive denial on Thursday, stating it has not, and is not actively considering, a bid for BP. The company further noted it is now subject to UK regulations that prohibit it from bidding for BP for the next six months. Repurch...
Donald Trump’s tariff deadline looms as India-US trade deal faces hurdles
June 27, 2025 01:47 AM AEST| By InvezzDisagreements on import duties for auto components, steel, and farm goods have stalled trade talks between India and the US. The disagreements jeopardise hopes for a deal before US President Donald Trump’s July 9 deadline for reciprocal tariffs...
Brazil Central Bank sees inflation near target by 2027, trims 2025–26 forecasts
June 27, 2025 12:41 AM AEST| By InvezzBrazil’s central bank expressed confidence in its capacity for keeping inflation close to the official target until the end of 2027, as it published medium-term projections on Thursday in which the price growth continues to slow. In its quarter...
Aeries Technology (AERT) Delivers High-Performing Global Capability Center for Leading U.S. Healthcare Fintech Platform
June 26, 2025 11:50 PM AEST| By News File CorpTransition of custom-built India GCC reflects operational excellence, AI-enabled execution, and long-term value creation for client now assuming full ownershipN...
Cryptocurrencies replace cash as Bolivia’s economic crisis deepens
June 26, 2025 11:22 PM AEST| By InvezzIn the commercial centre of Cochabamba, the third largest city of Bolivia, cryptocurrencies are quickly becoming a necessity rather than a fragmented experiment. Crypto ATMs enabling shoppers to swap coins for Bitcoin, beauty salons accepting digital...
S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
June 26, 2025 10:59 PM AEST| By InvezzWall Street is within striking distance of new all-time highs, as a powerful combination of artificial intelligence optimism, geopolitical easing, and resilient corporate earnings continues to push US equities upward despite a turbulent year. Index f...
Australia sues China-linked firm over rare earths stake breach
June 26, 2025 10:17 PM AEST| By InvezzAustralia has launched a landmark legal action against a China-linked company and a former associate for allegedly breaching its foreign investment laws, in a case centred on a strategic rare earths producer, Northern Minerals (ASX: NTU). The Federal...
Eli Lilly seen as the stronger bet amid escalating competition with Novo in India
June 26, 2025 08:25 PM AEST| By InvezzThe global fight between Eli Lilly and Novo Nordisk for dominance in the red-hot weight-loss drug market is shifting to India, one of the fastest-growing pharmaceutical frontiers. As rising obesity and diabetes rates collide with expanding middle-cla...
Why US shale oil production is likely to see no upside this year?
June 26, 2025 08:14 PM AEST| By InvezzUS shale oil production is unlikely to experience upside as West Texas Intermediate crude prices stay pressured near the mid $60 per barrel. The accelerating unwinding of production cuts by the Organization of the Petroleum Exporting Countries...
Indonesia downplays US exit from coal transition partnership deal
June 26, 2025 08:13 PM AEST| By InvezzIndonesia’s top official for an international initiative stated on Thursday that the US’ withdrawal from a collaborative effort aimed at assisting developing nations in transitioning away from coal will have a minimal effect on Indonesia,...
