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Finance News Update, what you need to know

WORLD FINANCE UPDATE: The Australian share market looks set to open sharply higher after Wall Street’s main indexes take little notice of stronger-than-expected inflation data and rise more than one per cent. At 0700 AEDT on Thursday, the share price futures index was up 46 points, or 0.79 per cent per cent, at 5,836. Meanwhile,…

ASX Half Year Result – ASX profit boosted by a lift in capital raisings and futures trading

ASX profit boosted by a lift in capital raisings and futures tradingASX recorded a 5.1% lift in profit, slightly higher than market expectations on solid secondary market capital raisings, higher futures trading and greater than expected income from its data feeds and technical services.Click Here to view report & video:https://www.commsec.com.au/market-news/reporting-season/feb-18/ASXLtd-ASX-half-year-results-2018For more Reporting Season coverage Click…

Telstra Half Year Result – TLS beats market expectations on cost cutting and mobile revenue

Telstra (TLS) beats market expectations on cost cutting and mobile revenueTelstra has posted an above consensus net profit of $1.7bn for the six months ended 31 Dec 2017. The result was boosted by a lift in mobile subscriber numbers and cost cutting initiatives.Click Here to view report & video:https://www.commsec.com.au/market-news/reporting-season/feb-18/TelstraCorpLtd-TLS-half-year-results-2018For more Reporting Season coverage Click Here:https://www.commsec.com.au/reportingseason

US stocks up despite higher inflation, Dow +1.0%, Nasdaq +1.8%

Wall Street stocks finished solidly higher Wednesday, rising for a fourth straight session, after weak retail sales data offset investors concerns over a jump in inflation.At the closing bell, the Dow Jones Industrial Average was at 24,897.41, up 1.0 percent.The broad-based S&P 500 gained 1.4 percent to end the session at 2,698.96, while the tech-rich…

Shellfish reefs: Australia’s untold environmental disaster

Virtually all of Australia’s shellfish reefs have disappeared, making them the country’s most threatened ocean ecosystem, scientists said Thursday, calling for more investment to rescue the important marine habitats.While recent global focus has been on the destruction of coral reefs, a study led by the Nature Conservancy found that between 90 and 99 percent of…

IG Research – The long and the short of it

It was billed as one of the most important pieces of market data points for years, but the US core CPI print has failed to live up to the hype, where hot numbers were expected to cause another leg down in risk appetite. The wash-up is a market overlooking both the retail sales and CPI…

Origin Energy Half Year Result – ORG loss narrows on a lift in production & higher prices

Origin Energy Half Year Result – ORG loss narrows on a lift in production & higher pricesOrigin Energy has posted an above consensus half year result, with revenue and underlying profit lifting on the previous corresponding period.Click Here to view report & video:https://www.commsec.com.au/market-news/reporting-season/feb-18/OriginEnergyLtd-ORG-half-year-results-2018For more Reporting Season coverage Click Here:https://www.commsec.com.au/reportingseason

Trump says Abe agrees to invest more in US

US President Donald Trump on Wednesday said that he had secured assurances from Prime Minister Shinzo Abe that Japan will invest more in the United States.‘I had a phone call this morning with Prime Minister Abe of Japan and I suggested that he invest more and open up more plants,’ Trump told reporters and lawmakers…

US consumer prices jump 0.5% in January

US consumer inflation jumped sharply in the first month of 2018, the government reported Wednesday, spooking global stock markets amid concerns that interest rates will rise more aggressively this year.The consumer price index (CPI), which tracks the costs of household goods and services, rose 0.5 percent last month, exceeding analyst expectations, according to the Labor…

Major Xerox investor sues to block takeover by Fujifilm

One of Xerox’s biggest shareholders filed suit to challenge the US photocopier and printer maker’s planned takeover by Japanese technology firm Fujifilm.Darwin Deason who along with Carl Icahn controls 15.2 percent of Xerox shares, filed suit against Xerox and Fujifilm on Tuesday, alleging fraud.Xerox said the allegations are ‘without merit’ and that it will ‘vigorously…