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Copper steady on trade talk optimism

Copper prices stayed near three-week highs overnight on hopes that renewed talks between China and the United States will defuse a trade dispute that investors fear will damage economic growth and demand for metals. Benchmark copper on the London Metal Exchange (LME) pulled back slightly but kept most of the previous session’s gains. It ended…

Fed holds rates steady, signals later cut

The US Federal Reserve has signalled it could cut interest rates by as much as half a percentage point over the remainder of this year in response to increased economic uncertainty and a drop in expected inflation. The Fed, which held rates steady after the end of its latest two-day policy meeting, dropped a promise…

Economic benefit of early education: study

Early childhood education could double the return on its investment, a landmark study shows. The study analysed the benefits to Australia of early learning in the year before school, finding that families could see a collective return of $1.4 billion in earnings for parents who can return to work. Business and the economy could be…

France, Germany try to lessen Iran tension

France and Germany will increase their efforts to reduce tensions over Iran, but time was running out and the risk of war could not be ruled out, their foreign ministers say “We want to unify our efforts so that there is a de-escalation process that starts,” French Foreign Minister Jean-Yves Le Drian told reporters after…

ASX expected to open slightly higher

The Australian share market is expected to open slightly higher after a positive lead from overseas. The SPI200 futures contract was up 9 points, or 0.14 per cent, at 6,664.0 at 0800 AEST, suggesting a small rise for the benchmark S&P/ASX200 on Thursday. Wall Street finished higher overnight after the US central bank kept interest…

US stocks near record as Fed soothes fears

The S&P 500 has approached a record high after the Federal Reserve signalled potential interest cuts later this year, reassuring investors worried that the US-China trade war could stall economic growth. Saying it will “act as appropriate to sustain” economic expansion, the central bank signalled rate cuts of as much as half a percentage point…

ASX surges on renewed US-China trade hopes

The Australian share market has surged by more than a percentage point to hit another 11-year high amid indications Chinese-US trade tensions could be easing. The benchmark S&P/ASX200 index finished up 78.1 points, or 1.19 per cent, to 6,648.1 points at 1615 AEST on Wednesday, while the broader All Ordinaries was up 6,728.5 points, or…

Non-toxic gold mining practice going live

CSIRO has licensed a nontoxic gold mining technique to a Perth company it says could double production for smaller gold producers. In development for a decade, the “Going for Gold” process replaces the cyanide used to extract gold from ore with the non-toxic chemical reagent thiosulphate. “We’re pretty excited about it, but we don’t expect…

Qantas adds 10 Airbus jets to order

Qantas will order 10 Airbus SE A321XLR jets, taking its total A320neo family order to 109 jets. As part of the deal, 36 of the jets will be the new long-range A321XLR model, the airline said on Wednesday. The A321XLR jets, to be delivered from mid-2024, have a 4,700 nautical mile range that will allow…

Westpac hires business bank boss from HSBC

Westpac has appointed Guilherme Lima as chief executive of its business bank. Mr Lima, who was previously HSBC’s head of wealth management in Hong Kong, will join Westpac’s expanded business unit later this year. Westpac had been looking to fill the role since March, when it announced it would absorb the private wealth, investments and…

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