By Peter Hobson COOMA, Australia (Reuters) – In a refrigerated room, around two dozen staff in hats, gloves and blue plastic aprons carve and pack carcasses into boxes within minutes of their slaughter. The Monbeef slaughterhouse, owned by Bindaree Food Group and located about 100 kilometres south of Canberra, processes some 200 cattle a day, up from 30-40 two years ago, and could ramp up to 220 in the coming months. “It’s an ideal time,” said Ryan McDonald, the plant’s livestock manager. “Demand out of the U.S. export market is driving the prices up in abattoirs, which then drives the…
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Car trends are ever-evolving, shaped by the whims of the market and the desires of consumers. A few years back, the multi-purpose vehicle (MPV) was the vehicle of choice for families, but as preferences shifted, so too did the automotive popularity. In Europe, for a time, drivers flocked to fuel-efficient diesel engines, but that trend has since waned, giving way to a new era dominated by hybrid and electric vehicles. In this dynamic environment, the iconic Renault 17 coupe has emerged as a symbol of the next big automotive wave. Amidst this backdrop of change, the Mazda MX-5 Miata stands…
(Bloomberg) — Chinese stocks gave back earlier gains as a much-anticipated joint ministry briefing on supporting the property market offered few new stimulus measures.Most Read from BloombergThe CSI 300 Index was down 0.1% as of 11:18 a.m., reversing a 1.3% rise. A Bloomberg Intelligence gauge of Chinese developer stocks tumbled more than 8%. The Hang Seng China Enterprises Index trimmed its advance to less than 1%.China will expand a program to support “white list” projects to 4 trillion yuan ($562 billion) from about 2.23 trillion yuan already deployed, Housing Minister Ni Hong said, in some of the most concrete remarks…
Electric SUVs and crossovers are gaining more traction than ever before. What was once a niche market, hampered by concerns over range limitations and lengthy charging times, has now evolved into a growing segment of the automotive industry. While challenges remain, well-known models like the Hyundai Ioniq 5 and Tesla Model Y are showing consumers just how capable and exciting EVs can be, driving enthusiasm for electric vehicles to new heights. Today, the market is filled with impressive electric SUVs and crossovers. With the rapid expansion of charging infrastructure and more brands embracing NACS adapter compatibility, the future looks incredibly…
By Anton Bridge TOKYO (Reuters) -The Tokyo Stock Exchange’s role from now on is to facilitate constructive dialogue between companies and investors rather than mandate how businesses are run, its head said on Thursday. “The real power to bring about change lies with investors and shareholders,” Hiromi Yamaji, chief executive officer of Japan Exchange group, which operates the Tokyo Stock Exchange, told a press briefing in Tokyo. The exchange’s efforts to encourage companies to improve their governance practices and corporate value have boosted domestic equities. The share average crossed a 34-year high in February this year. But Yamaji said mandating…
Tom Stallard, McLaren’s race engineer, recently shared insights about Oscar Piastri’s impressive adaptation to the team’s Formula 1 simulator. Piastri, who transitioned from a reserve role at Alpine to McLaren last season, has already made a significant impact in the F1 2024 Drivers’ standings, currently sitting fourth. His rapid acclimatization to the team and its technology highlights his exceptional driving skills and potential within the sport. During Piastri’s first session on the simulator, he faced a technical issue that hindered his performance feedback. The simulator’s lap delta, which indicates a driver’s speed relative to their best lap time, was not…
By Florence Tan SINGAPORE (Reuters) -Oil prices edged higher on Thursday from two-week lows, with investors eyeing developments in the Middle East and more details on China’s stimulus plans, as well as awaiting the release of official U.S. oil inventory data. futures rose 17 cents, or 0.2%, to $74.39 a barrel by 0408 GMT, while U.S. West Texas Intermediate crude futures were at $70.58 a barrel, up 19 cents, or 0.3%. Both benchmarks settled down on Wednesday, closing at their lowest levels since Oct. 2 for a second day in a row. The benchmarks are down 6-7% so far this…
InvestingPhoto: Getty Images In his September 2024 paper, The Less-Efficient Market Hypothesis, Cliff Asness reports that financial markets have become less efficient over the past 30 years. Asness, a former student of Eugene Fama, challenges the traditional Efficient Market Hypothesis (EMH), suggesting that markets are now less informationally efficient, especially in the medium term. He argues that this growing inefficiency leads to more stocks becoming disconnected from their fundamental values and taking longer to correct. As a result, while value investing can still outperform over time, the “long term” now stretches further than before. Asness identifies three key factors driving…
Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly boost your returns by picking above-average stocks. For example, the Qube Holdings Limited (ASX:QUB) share price is up 40% in the last 1 year, clearly besting the market return of around 18% (not including dividends). So that should have shareholders smiling. However, the stock hasn’t done so well in the longer term, with the stock only up 18% in three years.Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder…
(Bloomberg) — Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech to small-cap companies. Chinese stocks erased gains after a press briefing by finance and housing ministers.Most Read from BloombergChina’s CSI 300 index turned flat after rising as much as 1.3% earlier. A gauge of Chinese property stocks extended losses. China said that it will expand a program to support “white list” projects to 4 trillion yuan ($562 billion) from about 2.23 trillion yuan already deployed. Hong Kong stock benchmarks also trimmed gains.Shares in Australia rose, while Japanese stocks fluctuated. US…