In a dramatic shift in United States trade policy, President Donald Trump’s decision on 10 April to grant a 90-day pause on additional tariffs has thrown global markets into disarray. The Trump administration also halted a planned 125% tariff hike on key Chinese electronics, offering a short-term boost to major technology stocks like Apple and NVIDIA. The unexpected moves come at a time when
Welcome to this week's roundup of finance, politics, lifestyle, tech and more from the Azzet team!The latest from earnings seasonThis earnings season saw a tough week for car manufacturers, as Nissan announced plans for 20,000 jobs to be cut and seven factories to close their doors in the next two years. Honda wasn't faring much better as operating profit and sales revenue fell sharply for the
Having withstood turbulent global conditions, and outperformed international peers on key return and fundraising metrics, Australian private capital funds remain an attractive market for international investors despite significant global headwinds and uncertainty. According to the 2025 edition of the Australian Private Capital Yearbook, Australian private capital funds have one of the lowest ri
Australian property trust GPT Group plans to create an A$1 billion (US$640 million) logistics partnership in Australia with Canada’s QuadReal Property Group. GPT said the logistics joint venture to be known as GPT QuadReal Logistics Trust 2 (GQLT2) would be seeded with about $460 million of high quality, stabilised logistics assets in east coast urban infill and middle ring locations. It sai
While the verdict is still out on the next big rate cut, Compare the Market’s Economic Director, David Koch, alongside other economists, tip that it will be a rate cut of at least 0.25%. The rate cut is set to be announced by the Reserve Bank (RBA) next Tuesday and Koch said the interest rate slash could leave thousands more dollars in the hands of some mortgage holders each year. Koch said
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Take-Two Interactive dropped 3% in after-hours trading on Thursday (Friday AEST) after the company reported a significant quarterly loss driven by a multi-billion-dollar writedown, following news that the company will delay the release of Grand Theft Auto VI. The video game publisher posted a fourth-quarter loss of US$3.7 billion (A$5.78 billion), or $21.08 per share, widening from $17.02 a yea
Shares in United States-listed Alibaba Group Holdings (BABA) sank 7.5% overnight after the e-commerce and cloud computing giant reported a worse-than-expected quarterly result. Citing slowing Chinese consumer spending and increased competition, the company's fiscal fourth quarter earnings missed on both the top and bottom line. Revenue of 236.5 billion Chinese yuan ($32.6 billion) was up 7%
Insignia Financial may be down to just one suitor, CC Capital, but not everyone is convinced the New York-based private equity firm is ready to pull out of the race just yet. Research house Morningstar rated the probability of the deal succeeding or failing as equal in the wake of the decision of private equity giant Bain Capital to withdraw from the contest for the 178-year-old financial servi
Shares of French game developer Ubisoft fell as low as 18% after it released its full-year earnings report. Ubisoft, maker of the popular Assassin's Creed game series, reported a 20.5% drop in net bookings for the financial year ended 31 March. This came despite the release of "Assassin's Creed: Shadows" in March, which failed to boost sales by a notable amount and faced consecutive delays t
Allianz reported a record high operating profit last quarter, but missed estimates of core net income. Operating profit was EU€4.24 billion, up 6.3% year-over-year and in line with estimates. Shareholders’ core net income was EU€2.55 billion, rising 1.5% year-over-year but below estimates by 6%. “Allianz’s first quarter performance and our confirmed outlook underscore our financial strength
