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Business news
US aluminium tariffs threaten European scrap shortages, impacting copper market
June 06, 2025 08:32 PM AEST| By InvezzUS aluminium tariffs threaten to trigger a critical shortage of aluminium scrap in Europe, jeopardising secondary production. European Aluminium had also cautioned that increased US tariffs on aluminum might trigger a scarcity of aluminum scrap in Eu...
China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
June 06, 2025 08:06 PM AEST| By InvezzChina’s export growth is anticipated to have moderated in May, even as a temporary reduction in US tariffs on Chinese goods offered some respite. Persistent uncertainties stemming from the still-unresolved trade war with the United States and b...
A new era in US politics? Donald Trump vs Elon Musk and the rise of platform power
June 06, 2025 07:39 PM AEST| By InvezzWhat started as a high-profile partnership between a president and the world’s richest man has collapsed into a live-streamed feud. Trump and Musk are now attacking each other through the screens of millions. Threats are being issued thro...
Gold set for weekly gain as markets await US jobs data; bullish momentum holds
June 06, 2025 03:18 PM AEST| By InvezzGold prices rose on Friday as weak economic data from the US increased safe-haven demand among investors. Prices were also set for a weekly increase. Investors are also waiting for the release of the US nonfarm payrolls (NFP) data later in the...
Trump suggests to cut Musk’s federal contracts, subsidies after public spat
June 06, 2025 05:57 AM AEST| By InvezzUS President Donald Trump and Tesla CEO Elon Musk’s spat intensified on Thursday as Trump suggested slashing the federal government contracts and subsidies given to Musk’s companies, Tesla and SpaceX. The discord stems from Musk’s s...
GBP/USD rebounds amid trade tensions and economic data
June 06, 2025 02:25 AM AEST| By InvezzThe British Pound (GBP) kicked off the week with a modest rally against the US Dollar (USD) on Monday, clawing back some of last week’s losses. The GBP/USD pair traded near 1.3540 on Tuesday, as investors dialled back their USD holdings amid ri...
Black Iron says Shymanivske project key to Ukraine recovery; sees post-war steel demand boosting prices
June 06, 2025 02:22 AM AEST| By InvezzEven as peace between Russia and Ukraine remains out of reach, with a ceasefire still uncertain, Canada-based Black Iron is positioning its Shymanivske iron ore project as a cornerstone of Ukraine’s eventual post-war reconstruction. Backed by the US-...
Trump, Xi Jinping speak for 90 mins, new US-China trade talks announced
June 06, 2025 02:22 AM AEST| By InvezzUS President Donald Trump said trade officials from the United States and China will meet soon, though a location and date for the meeting are yet to be finalized. Trump made the announcement following a 90-minute phone call with Chinese President Xi...
Kimberly-Clark sells majority stake in global tissue unit to Brazil’s Suzano
June 06, 2025 01:46 AM AEST| By InvezzKimberly-Clark announced Thursday that it has reached an agreement with Brazilian pulp manufacturer Suzano to sell a controlling stake in its worldwide tissue business, valuing it at $3.4 billion. According to Reuters, the purchase, which would resul...
Silver soars to 13-year high; can prices rise further?
June 06, 2025 12:20 AM AEST| By InvezzSilver prices have breached the psychological barrier of $35 per ounce and have hit an over 13-year high on Thursday. “Risk appetite in the general marketplace is still shaky, which continues to produce safe-haven buying of gold and silver,” Ji...
UK’s Centrica signs $27B gas deal with Norway’s Equinor
June 05, 2025 11:16 PM AEST| By InvezzBritish energy giant Centrica, the owner of British Energy, has entered into a substantial long-term agreement with Norwegian energy company Equinor. The contract, spanning a decade, involves the supply of natural gas from Equinor to Centrica a...
ECB cuts key rate by 25 basis points, citing cooling inflation
June 05, 2025 10:46 PM AEST| By InvezzThe European Central Bank on Thursday delivered a widely expected quarter-point rate cut, lowering its deposit facility rate to 2% from a peak of 4% in mid-2023, and revised its inflation projections downward for the year. In a statement accompanying...
Nonfarm payrolls report looms: what could move markets and test investor nerves
June 05, 2025 08:06 PM AEST| By InvezzThe stakes are rising ahead of the May nonfarm payrolls report. For months, investors bet on a soft landing: cooling inflation, slowing job growth, and a gentle glide toward rate cuts. Data points released this week suggest that job growth is c...
India’s energy transition accelerates as coal declines and renewables surge
June 05, 2025 06:52 PM AEST| By InvezzIn May, India witnessed its most significant drop in coal-fired electricity production in half a decade. This decline coincided with the first decrease in total power demand since August and a record surge in renewable energy output, according...
Laopu Gold’s HK$1,000 share price tests rally as valuation, access concerns mount
June 05, 2025 06:38 PM AEST| By InvezzLaopu Gold Co.’s extraordinary stock surge is facing a test of durability. After soaring more than 2,300% since its June 2024 debut, the jewellery maker’s shares crossed the HK$1,000 mark — a rare feat that has now introduced a different kind of chal...
Russian wheat prices hit multi-month low as ruble strengthens and demand weakens
June 05, 2025 04:54 PM AEST| By InvezzRussian 12.5% protein wheat is facing reduced demand, with bids from deep-sea ports seeing a significant drop, according to SovEcon analysts. The price range has adjusted downwards to RUB 16,500–16,800 per metric ton, which translates to approximatel...
Bank of Canada holds rate at 2.75%, but eyes July cut amid rising trade tensions
June 05, 2025 03:26 AM AEST| By InvezzThe Bank of Canada (BoC) left its key interest rate constant at 2.75% on Wednesday, pausing for the second time in a row as officials assess the impact of intensifying US trade moves on the Canadian economy. Governor Tiff Macklem said the central ban...
Mexico signals possible countermeasures next week if no steel tariff deal is reached
June 05, 2025 02:55 AM AEST| By InvezzMexico will announce new measures next week if no agreement is reached regarding the recently increased tariffs on steel and aluminum, President Claudia Sheinbaum said Wednesday. The announcement comes on the heels of steel and aluminum duties the Un...
CrowdStrike stock sinks as forecast disappoints and IT outage impact lingers
June 05, 2025 12:59 AM AEST| By InvezzCrowdStrike Holdings Inc. shares slid almost 6% on Wednesday, after the cybersecurity firm forecast revenue for the current quarter that missed Wall Street expectations, raising concerns among investors even as the company posted strong first-quarter...
Needham downgrades Apple on weak iPhone cycle, AI lag and overvaluation concerns; share falls
June 04, 2025 11:17 PM AEST| By InvezzApple Inc. extended its slide in early trading on Wednesday, after investment firm Needham became the latest to downgrade the stock, citing intensifying concerns over the company’s growth trajectory, position in the artificial intelligence race, and...
