5 Hours AgoEight Australian companies to take a position over $3 billion in Malaysia, minister saysEight Australian corporations have made commitments to take a position round 5.2 billion Australian greenbacks ($3.4 billion) in Malaysia, in keeping with a central authority minister.”We are taking a look at each virtual financial system and the fairway financial system,” the rustic’s minister for funding, industry and trade, Tengku Zafrul Aziz, instructed CNBC’s “Squawk Field Asia,” noting that information middle operator AirTrunk, subsidized by way of Macquarie Asset Control, used to be a number of the companies that experience confirmed pastime within the nation.This comes an afternoon after Malaysian top minister Anwar Ibrahim reportedly stated primary Australian corporations have proven pastime to take a position about RM24.5 billion ($5.1 billion) within the nation, right through an authentic discuss with to Melbourne.— Shreyashi Sanyal9 Hours AgoAustralia GDP grows 0.2% within the ultimate quarter of 2023Cafe on the Royal Arcade, Bourke Side road Mall, Melbourne VIC 3000, Australia.Training Photographs | Common Photographs Crew | Getty ImagesAustralia’s financial system grew 0.2% quarter over quarter within the fourth quarter of 2023, in keeping with information from the Australian Bureau of Statistics.The studying used to be pushed by way of executive expenditure and personal trade funding. It used to be additionally rather underneath a Reuters ballot estimate of a zero.3% upward thrust.”Expansion used to be stable in December, however slowed throughout every quarter in 2023,” Katherine Keenan, ABS head of nationwide accounts, stated.”Govt spending and personal trade funding had been the principle drivers of GDP expansion this quarter.”Actual GDP within the 12 months thru December used to be 1.5%, rather above a Reuters ballot forecast of a 1.4% build up.— Shreyashi Sanyal10 Hours AgoSouth Korea’s inflation speeds up greater than anticipated in February after 3 immediately months of slowingSouth Korea’s inflation charge rose for the primary time in 3 months to return in at 3.1%, upper than the two.8% in January and likewise greater than the two.9% anticipated by way of a Reuters ballot.The rustic’s core inflation charge, which strips out costs of meals and effort, got here in at 2.5%.South Korea’s central financial institution used to be the primary primary central financial institution to prevent its charge hikes early in 2023, maintaining its base charge in 3.5%.— Lim Hui Jie10 Hours AgoNvidia led S&P 500 and Nasdaq good points on TuesdayBogged down by way of tech shares, all 3 primary inventory indexes ended Tuesday’s buying and selling consultation decrease.The Dow Jones Commercial Moderate, S&P 500 and Nasdaq Composite all notched their 2d destructive periods in a row and worst day by day efficiency since February 13.Nvidia used to be probably the most sure inventory for each the S&P 500 and Nasdaq, whilst Microsoft led the losses for each indexes.Then again, JPMorgan used to be probably the most sure inventory throughout the Dow on Tuesday. Stocks of Salesforce led the 30-stock decrease right through the day’s buying and selling consultation.— Lisa Kailai Han, Christopher Hayes11 Hours AgoStocks making the most important strikes after the bell: Nordstrom, CrowdStrike and moreShoppers stroll right into a Nordstrom division retailer on March 03, 2023 in Austin, Texas. Brandon Bell | Getty ImagesThese are the shares transferring probably the most in prolonged buying and selling:Nordstrom — In spite of beating fourth-quarter profits and earnings expectancies, stocks slid just about 10% after the dept retailer chain supplied disappointing full-year 2024 steering.CrowdStrike — The cybersecurity inventory soared 19% after fourth-quarter profits crowned estimates.Field — The cloud garage inventory jumped 8% after posting fourth-quarter earnings that matched analyst expectancies, in keeping with LSEG.Learn the overall record of shares transferring right here.— Lisa Kailai Han11 Hours AgoNasdaq 100 futures edge upper
