Breaking news

US Congress urged to extend government spending to avert shutdown

US lawmakers should pass a temporary spending bill in the coming week in order to avoid a crippling government shutdown, House Speaker Paul Ryan said on Thursday.With a December 8 deadline looming to avoid closures affecting much of the federal government, Congress faces a narrowing window to either fund operations through the fiscal year ending…

As key tax vote nears, Trump pressing for a major victory

Donald Trump closed in on a major political victory Thursday in the US Senate, where his controversial tax reform bill received a boost from the influential John McCain, even though he is often at odds with the president.The Republican majority appeared likely to adopt the bill – in what would be the first-year president’s most…

Freedom Foods shares up on FY18 guidance

Freedom Foods Group shares are at a record high after the health food company upgraded its sales guidance for the 2018 financial year. The company on Thursday increased its sales guidance to between $360 million and $380 million, from between $340 million and $360 million announced in September, on the back of ongoing benefits from…

Banks wobble on news of royal commission

The announcement of a banking royal commission has shaken Australia’s financial sector and could land the big banks with a bill of up to $100 million each. Shares in Commonwealth Bank, Westpac, National Australia Bank, ANZ and Macquarie tumbled on Thursday as investors took fright at news the big lenders had, after months of resistance,…

Stocks to watch

Stocks to watch on the Australian stock exchange: ANZ – ANZ BANKING GROUP – down 31 cents, or 1.08 per cent, at $28.46 CBA – COMMONWEALTH BANK – down $1.55 or 1.91 per cent, at $79.43 NAB – NATIONAL AUSTRALIA BANK – up one cent, or 0.03 per cent, at $29.59 WBC – WESTPAC –…

Aust shares look set to open lower.

The Australian share market looks set to open lower as both the Nasdaq and the S&P head toward their biggest one-day losses in months. At 0700 AEDT on Thursday, the share price futures index was down nine points, or 0.15 per cent, at 6,010. In the US, investors have bailed out of high-flying tech stocks…

Investment aids strengthening economy

New business investment figures back Treasurer Scott Morrison’s view the economy is “shifting gears” and entering a new chapter of growth. Business capital expenditure rose by a further one per cent in the September quarter and spending plans were upgraded. Annual investment grew by 2.3 per cent, the first positive result since late 2012. “Today’s…

PM led ‘kicking, screaming’ to bank review

All sides of the political divide have claimed victory in dragging Malcolm Turnbull “kicking and screaming” to set up a year-long royal commission into financial sector misconduct. The final straw for the prime minister came when the big four banks themselves wrote to the government calling for a “properly constituted inquiry”, having fought against a…

Customer service king in Amazon age

Australian retailers may be scrambling to whip their websites into shape ahead of the Amazon avalanche but the secret to their survival may lie in perfecting customer service at their physical stores, a leading futurist says. Amazon, which accounts for more than four in 10 online purchases in the US, is expected to launch in…

Saracen Minerals (SAR) Managing Director, Raleigh Finlayson

Executive Series 28 Nov 17: Saracen Minerals (SAR) Managing Director, Raleigh Finlayson In this short video Tom & Raleigh discuss; • the company’s latest drill results for its Carosue Dam operation.• progress of its Thunderbox project, including its underground project. YouTube Link: https://youtu.be/si54aWHekd0 To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series