Breaking news

Ireland says to collect 13bn euros back taxes from Apple

The Irish government has reached an agreement with Apple to start collecting the 13 billion euros ($15 billion) owed by the tech giant, it announced Monday.‘We have now reached agreement with Apple in relation to the principles and operation of the escrow fund,’ Finance Minister Paschal Donohoe said in Brussels in quotes confirmed to AFP…

CommSec Daily Report Tuesday

Latest NewsLocal shares opened weaker on Tuesday with investors cautious ahead of a range of economic data releases domestically. The ASX200 was more than 30 points or 0.5% lower as weakness in the banks weighed on the broader market. However most of the losses have been recovered at lunch with the ASX 200 a touch…

China says its ‘open’ internet accounts for a third of economy

China’s digital economy accounts for nearly a third of gross domestic product, according to a report released at an annual cyberspace conference staged by the government to justify its strict internet censorship.Beijing this year has dramatically strengthened its already tight regulation of the internet, but officials and local media have used the fourth World Internet…

Stockmarket review November 2017

• US sharemarkets rose in November with the S&P500 index exceeding 2,600 points• Jerome Powell next US Federal Reserve Chair• Political uncertainty in Europe resurfacesUS sharemarkets rose in November. This probably shouldn’t come as a surprise to keen observers of US shares with November considered one of the best months of the calendar year for…

CVS purchase of Aetna pitched as antidote to US health maze

CVS Health’s proposed takeover of insurer Aetna is being pitched as a cost-effective antidote to the complex and at times frustrating American health care system, with pharmacies playing a broader role in patient care.Architects of the $69 billion deal unveiled Sunday said CVS’s nearly 10,000 stores could be remade to include wellness and medical testing…

Retail rebounds

Christmas bells? Retail reboundsRetail trade; Consumer sentiment; New vehicle salesMonthly retail trade: Sales rose by 0.5 per cent in October after rising by 0.1 per cent in September – the strongest outcome in five months. Spending rose across all states and territories, led by footwear and other personal accessories, together with cafes, restaurants and catering…

Hazer Group (HZR) Managing Director & Founder, Geoff Pocock

Executive Series: Hazer Group (HZR) Managing Director & Founder, Geoff Pocock In this short video, Tom & Geoff discuss; • HZR’s achievements in its synthetic graphite development project.• The recently signed MoU with ASX-listed Mineral Resources (ASX:MIN)• and its move into the steel industry.  YouTube Link: https://youtu.be/ho4TAdsVUAI To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series

Trump, Democrats to meet to avert government shutdown

Democratic leaders of the House and Senate agreed on Monday to meet with US President Donald Trump later in the week to discuss pressing issues and avert a potential government shutdown.‘We are hopeful the President will be open to an agreement to address the urgent needs of the American people and keep government open,’ Senate…

Bailador Technology Investments (BTI) Chairman & Co-Founder, David Kirk

Executive Series – Bailador Technology Investments (BTI) Chairman & Co-Founder, David Kirk In this short video, Tom & David discuss; • BTI’s ten key holdings in its technology fund• Its recent investment in online designer furniture store, BROSA  YouTube Link: https://youtu.be/ZDvMc4eIq24 To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series

US stocks back in record range as tax cut advances

Wall Street stocks jumped back into record territory early Monday following Senate passage of the massive and long-awaited tax cut plan.The Senate’s 51-49 passage of the Republican tax measure late Friday night sets the stage for President Donald Trump to sign into law Wall Street’s biggest priority in time for Christmas. The stock gains are based…