Healthy living may reduce dementia risk
Living healthily with a good diet and regular exercise may help people with a higher genetic susceptibility to dementia to offset the risk of developing it, according to recent research. The risk of dementia was reduced by 32 per cent in people with a high genetic risk if they had followed a healthy lifestyle, compared…
ASX retreats for second day as AMP weighs
The Australian share market has fallen for a second day, with nearly every sector in the red despite a positive lead from Wall Street last week. The benchmark S&P/ASX200 index was down 43.5 points, or 0.65 per cent, to 6,653 points at 1615 AEST on Monday, while the broader All Ordinaries was down 42.6 points,…
Industries demand action on building rules
Australia’s five largest industry groups are demanding urgent action on the nation’s “patchy and inconsistent” building rules. Labor has accused the federal government of failing to show leadership on the issue, but the responsible minister blames the states and territories for the mess. Leading figures in the building, construction, property and insurance industries have taken…
Elders flags $187m AIRR takeover tilt
Elders has made a $187 million scrip and cash offer for unlisted private wholesale buying group Australian Independent Rural Retailers. The agribusiness announced on Monday it had entered a scheme of implementation to acquire 100 per cent of AIRR’s shares, with the half-scrip, half-cash bid already receiving the blessing of the takeover target’s board. Elders,…
CommSec Daily Report Monday
Latest news The Australian sharemarket has kicked off the week innegative territory, with the ASX 200 index down 40pts or 0.6 per cent to 6655.5 at lunch. Losses from Financials, Industrials and Property companies are weighing most. A number of key updates on China’s economy were released at 12pm AEST today and most were above…
ASX falls as most sectors turn red
The Australian share market was lower ahead of the release of China’s GDP figures for the second quarter. The benchmark S&P/ASX200 index was down 43.6 points, or 0.65 per cent, to 6,652.9 points at 1200 AEST on Monday, while the broader All Ordinaries was down 41.4 points, or 0.61 per cent, to 6,747.4. The Australian…
AMP Life sale halted, dividend scrapped
AMP shares have hit a new all-time low after the beleaguered wealth manager flagged it would not pay a first-half dividend in anticipation that the $3.3 billion sale of its wealth protection business has failed. The company said its proposed deal with London-based Resolution Life was on the rocks after the Reserve Bank of New…
Stimulus to lift economic gloom: Deloitte
Tax cuts, record low interest rates and a pipeline of coal and iron ore exports to China are pointing to good news for Australia’s economy. The Morrison government’s election win is also predicted to improve business and consumer confidence after both measures dropped due to uncertainty about the May 18 result. In its latest business…
Oversupply to cap house prices: forecaster
A home-building surge in recent years is likely to stave off a major rebound in Australian property prices, an economic forecasting agency says. BIS Oxford Economics said it expects median values in the country’s capital cites to increase during 2020 but the amount of new homes being added would cap the rise. “Supply is running…
Wall St hits highs on rate cut optimism
All three major indexes have posted record closing highs as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kick off of the corporate earnings season. The S&P 500 closed above the 3,000 level for the first time on Friday, with the industrial, consumer discretionary…
