Disneyland, Australia: Plans for Wineries in Seppeltsfield and Penny’s Hill

A prominent Australian winemaker and businessman has shared his vision that a Disneyland could open downstairs. Warren Randall — who runs Seppeltsfield and Penny’s Hill wineries — has called on business owners and government officials to join his effort to bring the famously “happiest place on earth” to his home state. Speak with the advertiser, … Read more

Fed hike, Bank of Japan, interest rates, currencies

Japanese Yen Strengthens Amid Reports Of Official Announcement Of FX Intervention The Japanese yen rose more than 2% against the dollar on reports from officials announcing immediate intervention to defend the currency. That comes after the yen weakened to 145 levels against the greenback, following the Bank of Japan’s decision to keep interest rates stable. … Read more

Japanese CPI Inflation, Prime Loan Rate in China, Currencies

CNBC Pro: Fund Manager Says Bear Market Is Going To Get ‘Dirty’ Fund manager Cole Smead believes the stock market is still in the early stages of a bear market — and warns it won’t be a “garden variant.” But it doesn’t wake him up. This is why: Pro subscribers can read more here. — … Read more

Kevin O’Leary says it’s ‘crazy’ not to invest in Chinese stocks

Avoiding the Chinese market is “crazy” and “makes no sense” in light of how cheap Chinese stocks are currently, said Kevin O’Leary of O’Shares Investments. According to him, this is due to these factors: the expected size of economic growth in China; a foreseeable end to regulatory disputes with the United States; and the interdependence … Read more

Stocks higher; RBA rate decision ahead

Inflation in New Zealand may have peaked, but rates need to get higher: ANZ Inflation in New Zealand has peaked at 7.3%, which was reached in the second quarter of the year, partly as a result of oil prices falling from recent highs, ANZ Research said in a note. “But we also think it will … Read more

Stock Trading Mixed Ahead of Caixin Services PMI Data

Tokyo stock exchange in Japan. Noriko Hayashi | Bloomberg via Getty Images Shares in Asia-Pacific traded mixed Monday as investors await the results of a private survey on China’s service sector activity. Japan’s Nikkei 225 fell 0.2% and the Topix index lost 0.3%. The S&P/ASX 200 in Australia gained 0.25%. In South Korea, the Kospi … Read more

Asian stocks follow Wall Street drop on expected rate hikes

TOKYO (AP) — Asian stocks were mostly lower on Thursday, following the broad decline on Wall Street as investors braced for higher interest rates and inflation concerns for some time. Benchmarks fell in early trading in Tokyo, Sydney, South Korea and Hong Kong, but rose slightly in Shanghai. The Japanese benchmark Nikkei 225 fell 1.5% … Read more

Chinese tech giants record worst-ever growth due to zero Covid

Chinese tech giants, including Alibaba, have seen slower to no growth as the Chinese economy faces weakness from Beijing’s zero-covid policy. Qilai Shen | Bloomberg | Getty Images Chinese tech giants are coming off the back of their worst quarter of growth in history as a major slowdown in the world’s second-largest economy, fueled by … Read more

Jackson Hole, HKEX cancel morning session due to typhoon warning

Bank of Japan member says he wants to adhere to ultra-loss policy Bank of Japan member Toyoaki Nakamura stressed the need to “patiently hold onto” its stance on monetary easing, according to Reuters. In a speech, he said a tightening of monetary policy if the output gap remains negative would weigh heavily on household economic … Read more

China issues national drought warning as temperatures rise in Yangtze River basin

China has issued its first national drought warning of the year as authorities fight wildfires and mobilize specialized teams to protect crops from scorching temperatures in the Yangtze River basin. Most important points: The national “yellow warning” is two steps less than the most serious warning Regions from southwest China to Shanghai have experienced weeks … Read more