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…
China’s tech giants reach global elite with gamers, shoppers
Powered by Chinese smartphone users splurging billions on mobile games and online shopping, China’s tech giants Tencent and Alibaba are racing up the elite league of the world’s most valuable companies.Hong Kong-listed Tencent, famous for its games and WeChat messaging service, became the first Asian firm to break into the $500 billion league last week…
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…
IG Research – The long and the short of it
News from the weekend has been fairly limited, although Bitcoin has seen another frenzy of buying as the fear of missing out trade bites even harder, with price now sitting at 9338 and up 13%.Seemingly, in the period between Wednesday and Friday Coinbase have detailed they saw 100,000 new user accounts, taking their total to…
Brexit without EU trade deal ‘not end of world’: WTO chief
The head of the World Trade Organization (WTO) said Sunday it would not be ‘the end of the world’ if Britain failed to reach a post-Brexit trade deal with the EU, but there would be costs.Roberto Azevedo told the Sunday Telegraph newspaper that although Britain would be better off with an agreement, the impact of…
