The S&P Global Australia Manufacturing PMI increased to 50.7 in May 2026, up from a preliminary estimate of 50.2, but down from 51.3 in April. Output shrank for the fourth month, with new orders declining sharply, including a solid drop in new export orders. "One small positive from the latest survey was a rise in employment as firms looked to speed up production lines. The increase was only margi...
The S&P Global Australia Manufacturing PMI increased to 50.7 in May 2026, up from a preliminary estimate of 50.2, but down from 51.3 in April. Output shrank for the fourth month, with new orders declining sharply, including a solid drop in new export orders. "One small positive from the latest survey was a rise in employment as firms looked to speed up production lines. The increase was only marginal, however, and unlikely to be sustained if new business continues to fall in the months ahead," said Andrew Harker, Economics Director at S&P Global Market Intelligence. Separate data showed, ANZ–Indeed Australian Job Ads rose 1.8% mom in May 2026, rebounding from a 0.6% decline in the prior month and marking the first gain since February. Australia’s Melbourne Institute Monthly Inflation Gauge fell 0.3% month-on-month in May 2026, reversing a 0.6% increase in the previous month. The S&P/ASX 200 Index fell 23 points, or 0.3%, to 8,707 in early trade on the first day of June, reversing the prior session’s rally . The Australian dollar traded flat at $0.71, sitting near a two-week high. Markets awaited k ey releases, including the April trade balance, Q1 current account, and GDP figures, are expected to offer insight into the economy’s underlying momentum and help shape expectations for the Reserve Bank's policy outlook. More on Australia: EWA: Why Australia Is Missing Out On The Tech-Led Rally Australia headline inflation beats expectations, easing to 4.2% Australia’s unemployment rate climbs to 4.5%; May flash PMI signals contraction, inflation expectations ease Seeking Alpha’s Quant Rating on iShares MSCI Australia ETF Dividend scorecard for iShares MSCI Australia ETF
(Bloomberg) -- Local investors are driving the premium on Taiwan Semiconductor Manufacturing Co.’s US-listed shares to a two-year low as they pile into the chipmaker’s stock in Taipei on bets the AI boom has further to run.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Ar...
(Bloomberg) -- Local investors are driving the premium on Taiwan Semiconductor Manufacturing Co.’s US-listed shares to a two-year low as they pile into the chipmaker’s stock in Taipei on bets the AI boom has further to run.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmeric
Finnish-listed Hiab Oyj has agreed to acquire refuse collection vehicle manufacturer Labrie Environmental Group at an enterprise value of $1.04 billion, strengthening its position in the North American waste and recycling market. Hiab has signed a financing arrangement with Danske Bank A/S and OP Corporate Bank to secure the funding for the acquisition, according to a statement Monday. The deal is...
Finnish-listed Hiab Oyj has agreed to acquire refuse collection vehicle manufacturer Labrie Environmental Group at an enterprise value of $1.04 billion, strengthening its position in the North American waste and recycling market. Hiab has signed a financing arrangement with Danske Bank A/S and OP Corporate Bank to secure the funding for the acquisition, according to a statement Monday. The deal is expected to complete during the third quarter of 2026. For the last twelve months ending March 2026, Labrie generated sales of $491 million, all of which stemmed from revenue in North America through its dealer network. The company operates four manufacturing sites across Canada, the US and Mexico, and employs about 1,200 people. “We expect this transaction to deliver significant value for all stakeholders post-closing,” Hiab Chief Executive Officer Scott Phillips said. Labrie is being sold by its minority shareholders and US private equity group Wynnchurch Capital LP . The Chicago-based firm acquired the company in 2020, making it the first platform investment in its Fund V.
Antonio Bordunovi Nvidia ( NVDA ) Monday said that TSMC ( TSM ) is using its accelerated computing and AI to advance semiconductor design and manufacturing. Nvidia ( NVDA ) CUDA-X libraries and AI models are accelerating TSMC workloads across lithography, transistor and process simulation, advanced process control, and fab operations optimization. TSMC is using Nvidia Metropolis and Nvidia TAO Too...
Antonio Bordunovi Nvidia ( NVDA ) Monday said that TSMC ( TSM ) is using its accelerated computing and AI to advance semiconductor design and manufacturing. Nvidia ( NVDA ) CUDA-X libraries and AI models are accelerating TSMC workloads across lithography, transistor and process simulation, advanced process control, and fab operations optimization. TSMC is using Nvidia Metropolis and Nvidia TAO Toolkit to advance automated defect inspection with vision AI, improving detection of nanometer-scale defects while reducing repeated labeling and retraining, according to a statement . Additionally, the company said Foxconn is deploying Nvidia AI across Taiwan’s medical centers, transitioning from using individual AI tools to coordinated AI agent workforces that help clinicians reason, document, and orchestrate care. Foxconn’s ( FXCOF ) CoDoctor AI platform with new AI agents and Nurabot nursing collaborative robots — now powered by NVIDIA NemoClaw — have moved from pilot programs into clinical operations, according to a separate statement. More on Nvidia, Taiwan Semiconductor Manufacturing Company Nvidia: Data Centers Made It Great, Physical AI Could Make It Generational Nvidia At $5 Trillion Requires A Grid That Doesn't Exist Nvidia And The Reality Of Paying For Perfection Nvidia debuts RTX Spark AI superchip for Windows laptops, desktops U.S. moves to tighten AI chip export rules for Chinese firms overseas
Antonio Bordunovi Nvidia ( NVDA ) Monday said that TSMC ( TSM ) is using its accelerated computing and AI to advance semiconductor design and manufacturing. Nvidia ( NVDA ) CUDA-X libraries and AI models are accelerating TSMC workloads across lithography, transistor and process simulation, advanced process control, and fab operations optimization. TSMC is using Nvidia Metropolis and Nvidia TAO Too...
Antonio Bordunovi Nvidia ( NVDA ) Monday said that TSMC ( TSM ) is using its accelerated computing and AI to advance semiconductor design and manufacturing. Nvidia ( NVDA ) CUDA-X libraries and AI models are accelerating TSMC workloads across lithography, transistor and process simulation, advanced process control, and fab operations optimization. TSMC is using Nvidia Metropolis and Nvidia TAO Toolkit to advance automated defect inspection with vision AI, improving detection of nanometer-scale defects while reducing repeated labeling and retraining, according to a statement . Additionally, the company said Foxconn is deploying Nvidia AI across Taiwan’s medical centers, transitioning from using individual AI tools to coordinated AI agent workforces that help clinicians reason, document, and orchestrate care. Foxconn’s ( FXCOF ) CoDoctor AI platform with new AI agents and Nurabot nursing collaborative robots — now powered by NVIDIA NemoClaw — have moved from pilot programs into clinical operations, according to a separate statement. More on Nvidia, Taiwan Semiconductor Manufacturing Company Nvidia: Data Centers Made It Great, Physical AI Could Make It Generational Nvidia At $5 Trillion Requires A Grid That Doesn't Exist Nvidia And The Reality Of Paying For Perfection Nvidia debuts RTX Spark AI superchip for Windows laptops, desktops U.S. moves to tighten AI chip export rules for Chinese firms overseas