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Stocks to watch

Stocks to watch on the Australian stock exchange: DOW – DOWNER EDI – up 34 cents, or 5.1 per cent, at $7.07 SPO – SPOTLESS – down one cent, or 0.9 per cent, at $1.10 Engineering group Downer EDI has upgraded its full-year profit guidance after identifying larger-than-expected cost savings as it integrates its 87.8…

ASX scrapes higher as Macquarie hits $100

The Australian share market has closed slightly higher following a late burst in buying that lifted the market out of a midday trough. The benchmark S&P/ASX200 stock index closed up 6.2 points, or 0.1 per cent, at 5,988.8 points on Monday, as shares in the investment bank Macquarie breached the $100 mark for the first…

$A is unchanged against a weaker $US

The Australian dollar is unchanged against its US counterpart, which was fallen to a two-month low as investors grow optimistic about the strength of the euro zone’s recovery and lose their appetite for the greenback. At 0635 AEDT on Monday, the Australian dollar was worth 76.21 US cents, changed from Friday. The dollar index fell…

International markets roundup

NEW YORK: Technology stocks have led the S&P 500 and Nasdaq to record closing highs, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season. The benchmark S&P 500 and the blue-chip Dow Jones industrials…

UK Summer scramble or ‘We know what we did this summer’

This summer, the team on The Value Perspecitive set about narrowing down the 55,000-odd listed companies in the world to half a dozen or so ‘must-own’ stocks. Here’s how.This summer, the team on The Value Perspecitive set about narrowing down the 55,000-odd listed companies in the world to half a dozen or so ‘must-own’ stocks. …

CommSec Daily Report Monday

Latest newsAustralian shares are off to a better start, with the ASX 200 lifting by 0.3 per cent and breaking through 6000pts for the first time in a fortnight. This places the market within striking distance of a near 10-year high and follows largely directionless trade last week due to holiday in the US.Almost all…

Thousands of carob trees planted as Cyprus revives ‘black gold’

Nearly 6,000 carob trees were planted on Sunday in Cyprus as the Mediterranean island seeks to revive its tradition of producing ‘black gold’.‘We’re going to plant 40,000 carob trees before the end of March,’ said Constantine Christophides, a professor at the University of Cyprus who heads the project.In three or four years, these trees could…

Meredith Corp to buy Time Inc. for $2.8 billion

Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, backed by the billionaire Koch brothers known for supporting conservative causes, in an unlikely ending to a saga over the future of CNN’s parent company.Time, which also publishes its eponymous magazine, Fortune, and Sports Illustrated, began looking for a buyer late last year…

India takes no chances for Ivanka Trump visit

Indian authorities have cleared beggars off the streets and brought in 10,000 extra security forces for Ivanka Trump’s biggest foreign mission since her father became president.President Donald Trump’s eldest daughter is to be the key speaker Tuesday at the opening of a three-day Global Entrepreneurship Summit in Hyderabad alongside India’s Prime Minister Narendra Modi.The southern…

Weekly Petrol Prices

Rising petrol prices pressure householdsWeekly petrol pricesPetrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol rose by 4.4 cents last week to 141.5 cents a litre – the highest level since 5 July 2015. The petrol figures have implications for retailers, especially petrol marketing groups.What does it all mean?Petrol…