Browsing: Business

Equinor has exited the $10 billion Hunter offshore wind farm, pausing one of Australia’s largest clean energy projects amid shifting global investment plans.

ASX 200 set a record above 9000 as strong earnings and rate optimism drove gains, while global markets braced for U.S. Federal Reserve policy signals.

The NZD/USD fell below 0.5850 as the Reserve Bank of New Zealand cut rates to 3.00 percent, signaling further easing amid economic weakness.

The Victorian government has unveiled its $7.9 billion renewable grid plan, expanding energy zones and replacing coal power to secure renewable targets.

Australian coffee is gaining demand as global supply tightens, with rising import prices prompting cafés to turn to locally sourced beans.

Australia’s jobless rate fell to 4.2% in July 2025 as full-time employment rose by 24,500, with stable participation at 66.8%, per ABS data.

Australia’s central bank cut its cash rate to 3.6%, marking the third cut this year, as inflation eases and growth slows, with markets expecting more.

Gold futures in the United States surged to a record high on Friday after confirmation that country-specific import tariffs may apply to the most widely traded bullion size, the one-kilogram bar. The ruling, posted by the US Customs and Border Protection (CBP), classifies these bars under a category subject to tariffs, raising concerns over disruptions to global gold supply chains. The development places New York, one of the three key global pricing venues alongside London and Shanghai, at a steep price premium compared to other markets. The CBP decision reclassifies one-kilogram and 100-ounce gold bars under code 7108.13.5500, categorizing them as “semi-manufactured” rather…

Pfizer has raised its full-year adjusted earnings forecast for 2025, driven by cost-cutting measures and robust second-quarter performance that exceeded Wall Street expectations. The pharmaceutical giant now anticipates adjusted earnings per share between $2.90 and $3.10, up from its prior projection of $2.80 to $3.00. Pfizer maintained its revenue outlook for the year, which remains in the range of $61 billion to $64 billion. The improved forecast comes as Pfizer posted second-quarter earnings that beat analyst estimates. Adjusted earnings per share reached 78 cents, surpassing the expected 58 cents, while revenue rose to $14.65 billion, exceeding the anticipated $13.56 billion. This marks a 10%…

Harley-Davidson Inc. has appointed Artie Starrs as its next President and Chief Executive Officer, effective October 1, 2025. The announcement follows the upcoming retirement of Jochen Zeitz, who will remain as Chairman until stepping down on the same date, after which he will serve as a senior advisor to the company through February 2026. Starrs joins the iconic motorcycle manufacturer from Topgolf International, a subsidiary of Topgolf Callaway Brands Corp., where he has served as CEO since 2021. Starrs’ appointment comes at a critical juncture for Harley-Davidson as the company navigates a challenging market environment marked by tariffs, subdued consumer demand,…