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Australia competition inquiry targets Facebook, Google

Digital platforms like Facebook and Google will be at the centre of an Australian inquiry announced Monday examining their impact on competition in media and advertising markets.Like elsewhere in the world, traditional sources of circulation and advertising revenues have been drying up for Australian media groups, under siege from the powerful pairing.Local providers can no…

CommSec Daily Report Monday

Latest NewsLocal shares started the new trading week in a tentative manner before slowly building over the first hours of trade to be ahead by 10 points at the best level of the morning having started trade with a 4 point gain. Sector performances saw the Telecoms lead the gains over the morning, followed by…

We splurge $11B on Christmas spending

Aussies splurge $11B on Christmas shoppingWith only 21 days left until #Christmas, new Commonwealth Bank research reveals Aussies are planning to spend $11B this year Aussies splurge $11B on Christmas shopping CommBank research reveals three busiest shopping days With only 21 days left until Christmas, new Commonwealth Bank research reveals Aussies are planning to spend…

North Korean coal piles up as Russian product sails away

A three-metre-high metal fence topped with razor wire in a North Korean port marks the front line of the United Nations’ ban on coal exports by Pyongyang.A mountain of North Korean coal – which would once have been bound for China – is piled up on one side of the barrier in Rajin harbour, stranded…

IG Research – The long and the short of it

It was certainly a livelier day of trade in the US on Friday and judging by the pop we have seen in the USD and specifically USD/JPY this morning, with the pair trading 0.7% higher at ¥112.97 (in interbank trade), we could see S&P 500 futures push higher on open too.Any moves in the S&P…

Trump shrugs off Flynn guilty plea

US President Donald Trump on Saturday shrugged off the bombshell news that his former national security adviser pleaded guilty to lying to the FBI and will cooperate with a special prosecutor probing Russian election meddling.As the Russia probe overshadowed a major legislative win, the Senate’s passing of landmark tax cuts, Trump again insisted he and…

Investors save 11% of their salary for retirement – is it enough?

The Schroders Global Investor Study finds that even established investors are not putting away enough for retirement. Europeans are saving the least.Non-retired Investors globally, are saving an average 11.4% of their salary specifically for retirement, a major new study has found.However, the research, which covered 30 countries, also found two-thirds (66%) of retired investors wished…

ASX response to US lead uncertain

It’s unclear just how well the Australian share market will respond to the passing of a significant tax reform bill in the US Senate when trade resumes on Monday. CommSec chief economist Craig James says he expects the local market to start the week higher, with the benchmark S&P/ASX200 up by between 15 and 20…

Flynn pleads guilty to lying on Russia

Former US national security adviser Michael Flynn has pleaded guilty to lying to the FBI about his contacts with Russia and agreed to cooperate with prosecutors delving into the actions of US President Donald Trump’s inner circle before he took office. Friday’s dramatic turn of events also raised new questions about whether Trump’s son-in-law, Jared…

Flynn, Kushner targeted several states

Former US National Security Adviser Michael Flynn has admitted that he asked Russia to delay a UN vote seen as damaging to Israel, but diplomats say it was not the only country he and presidential adviser Jared Kushner lobbied. In the hours before the vote by the 15-member United Nations Security Council on December 23,…