Business

Australia Pension Cuts Local Stocks for Global, Emerging Markets

Australian pension fund Cbus Super is cutting its exposure to domestic stocks in favor of global and emerging markets, becoming the latest institutional investor to curb its reliance on an increasingly concentrated local bourse.

Japan June factory output rises 1.3% month-on-month

Gold Holds Gain as Japan Currency Intervention Weighs on Dollar

Gold held a two-day gain, supported by a sharp decline in the US dollar after Japan intervened to bolster the yen.

Brad Olsen steps down as Infometrics chief to focus on economics

One of NZ’s best-known economists is stepping back from leading Infometrics, saying he wants to spend more time explaining the economy to businesses, decision-makers and the public.

SK Hynix Shares Surge in Seoul on US Peer Rally, Chey Purchase

SK Hynix Inc. shares rebounded Friday, recovering part of this week’s steep losses, as a rally in US semiconductor stocks and a rare share purchase by SK Group Chairman Chey Tae-won helped restore investor confidence.

BHP Faces Rolling Strikes at Key Australian Iron Ore Export Port

Unions representing workers at BHP Group’s Port Hedland operations in Western Australia are threatening rolling 24-hour strikes next week, escalating a labor dispute at the world’s largest iron ore export hub.

Stryker Narrows Earnings Outlook as Cyberattack Challenges Goals

Stryker Corp narrowed the range of its adjusted-earnings outlook for the full year as the medical device manufacturer said it must increase production as well as ship a backlog of equipment to meet its second-half growth targets after a…

South Korea conducts rare dollar-selling intervention, source says

South Korea conducts rare forex intervention alongside Japan, source says

Annual core inflation in Japan's capital accelerates in July

Argentina's Milei unveils bill to shield central bank from political pressure

BUENOS AIRES, July 30 - Argentina's President Javier Milei on Thursday announced plans to reform the central bank's charter, a move aimed at strengthening the institution's independence and restricting its ability to finance government…

Apple Slides After Supply Shortages Hurt Sales Forecast

Apple tumbled in late trading after component shortages weighed on the company’s sales forecast. Ed Ludlow breaks down the company's Q2 earnings. (Source: Bloomberg)