Breaking news

Govt to kick start road pricing review

How to pay for Australia’s roads will be in the spotlight in 2018 as the federal government prepares to kick start a review into road pricing. Urban Infrastructure Minister Paul Fletcher will soon announce terms of reference for an inquiry into how road funding is designed, but he warns reforms won’t be developed overnight. ‘This…

AAP Markets Report

Stock Market Wrap INDEX LAST MOVE PREVIOUS Dow Jones 25803.19 228.46 25574.73 S&P500 2786.24 18.68 2767.56 Nasdaq 7261.062 49.285 7211.777 FTSE100 7778.64 15.7 7762.94 DAX 13245.03 42.13 13202.9 Shanghai 3429.3152 3.9703 3425.3449 Hang Seng 31412.54 292.15 31120.39 NIKKEI225 23653.82 -56.61 23710.43 NZSE 50 8242.35 -8.09 8250.44 CURRENCY SNAPSHOT: One Australian dollar buys: * 79.10 US…

Stocks to watch

Stocks to watch on the Australian stock exchange: AMP – AMP – up 4.5 cents, or 0.9 per cent, at $5.205 AMP Capital’s unlisted infrastructure investment vehicle, the Community Infrastructure Fund has secured a stake in the $1 billion Victorian Comprehensive Cancer Centre. EXP – EXPERIENCE CO – up 3 cents, or 3.9 per cent,…

Aust shares set to open sharply higher

The Australian share market looks set to open sharply higher after fresh record highs on US and British markets. At 0700 AEDT on Monday, the share price futures index was up 31 points, or 0.52 per cent, at 6,049. In the US, the S&P 500 and Nasdaq both registered their eight record closing highs out…

$A once again higher on $US weakness

The Australian dollar is back above 79 US cents – just. At 0635 AEDT on Monday, the Australian dollar was worth 79.08 US cents, up from 78.79 US cents on Friday. The US dollar fell to a more-than-three-year low against the euro on Friday, extending recent losses on expectations European Central Bank policymakers are preparing…

International markets roundup

NEW YORK: Wall Street has continued its rally with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth. The S&P 500 and Nasdaq both registered their eighth record closing highs out of the first nine trading days of 2018,…

Volkswagen reports record global car sales in 2017

Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever before, a sign it is recovering from a bruising emissions-cheating scandal three years ago.‘We finished 2017 with the best performance ever for Volkswagen,’ Herbert Diess, chairman of the board of management of the Volkswagen passenger cars brand, said Sunday night…

Ford increases investment in electrification to $11 bn

Ford will increase its investment in electrification, planning to spend $11 billion by 2022 to create hybrid and all-electric versions of its vehicles, the company announced Sunday at the Detroit Auto Show.Ford executive James Farley said the increased expenditure essentially doubles and extends Ford’s previous $4.5 billion investment in electrification until 2020.The American car giant…

Petrol up 10% over December quarter

Petrol lifts 10 per cent over the past quarterWeekly petrol pricesPetrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 0.9 cents last week to 137.6 cents a litre. Inflation boost: Petrol rose by 10 per cent in the December quarter and this will add around 0.35 percentage…

Asia News Agenda Monday

ASIA NEWS AGENDA ON MONDAY+ Koreas due to hold talks on Olympic art troupe+ Israel’s Netanyahu meets India PM, president+ Australian Open tennis Grand Slam beginsSOUTH KOREA– The two Koreas are due to hold talks in the truce village of Panmunjom to discuss the North’s plan to send a performing art troupe to the Pyeongchang…