Breaking news

BP plan to buy Australian petrol pump network blocked

Energy giant BP’s plan to buy a network of Australian petrol stations from supermarket chain Woolworths was blocked Thursday by the competition watchdog over fears it will lead to higher fuel prices. The British firm announced a year ago it had agreed to pay US$1.3 billion to buy, rebrand and operate Woolworths’ existing 531 fuel and…

Winter cuts dent China’s industrial output

China’s industrial output slowed again in November, official data showed Thursday, as authorities press on with their fight against smog by clamping down on polluting heavy industries.Output at factories and workshops expanded 6.1 percent year-on-year, the National Bureau of Statistics (NBS) said, against 6.2 percent in October and in line with forecasts in a Bloomberg…

Job gains record in sight

Job gains record in sightLabour force; Population estimates; Overseas arrivals & departuresEmployment rose for the 14th straight month, up by 61,600 in November after rising by 7,800 in Octobe (previously reported as a rise of 3,700 jobs). Full-time jobs increased by 41,900 while part-time jobs rose by 19,700. Economists had tipped an increase in jobs…

Dollar suffers further losses as Fed fails to inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy.The greenback sank after the much-anticipated central bank meeting, which provided little to excite buyers, despite tentative hopes US lawmakers…

Executive Series – DroneShield (DRO) Chairman, Peter James

Executive Series – DroneShield (DRO) Chairman, Peter JamesIn this short video, Tom & Peter discuss;• Growing use of drones for commercial and military use• the company’s new military deals• the completion of it $2.32m capital raisingYouTube Link: https://youtu.be/T5BgQuBcG3sTo view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series

US Fed raises key interest rate amid strong labor market

The US central bank on Wednesday raised the benchmark interest rate for the third and final time this year, and indicated it was not likely to be more aggressive next year, at least for now.Citing the strong labor market and solid economy, the Fed’s policy-setting Federal Open Market Committee increased the key lending rate to…

Latest Monsanto GMO seeds raises worries of monopoly

The rapid growth of Monsanto’s new GMO seeds resistant to the controversial herbicide dicamba has revived worries about the company’s stranglehold over farming during a period of industry consolidation.Long a producer of dicamba, Monsanto last year introduced genetically-modified cotton and soybean seeds that can resist the weed killer. The products took off, amassing more than 20…

Why aren’t wages responding to low unemployment?

A faster pace of accommodation withdrawal by central banks would surely pose risks to bonds and other assets. Perhaps at risk of fighting the last war, central banks remain focused on inflation, currently missing-in-action despite the growth uplift.The best stretch of synchronised global growth in more than 10 years has continued to buoy risk assets…

Bouyant forecasts to bring Christmas cheer for ECB

Positive new economic forecasts for the eurozone will not be enough to coax the European Central Bank from its mantra of confidence tempered with patience Thursday, analysts expect, with president Mario Draghi set to avoid talk of further reducing its massive support to the economy.The bank’s quarterly growth and inflation forecasts could be in for…

PM Capital Asian Opportunities Fund (PAF) Portfolio Manager Kevin Bertoli

Executive Series 6 Dec 17: PM Capital Asian Opportunities Fund (PAF) Portfolio Manager Kevin BertoliIn this short video, Tom Piotrowski speaks with PM Capital Asian Opportunities Fund (PAF) Portfolio Manager, Kevin Bertoli about valuations, Asia’s contribution to global GDP and sectors poised for growth in China.YouTube Link: https://youtu.be/dQrqEbNvPZkTo view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series