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Finance Week for December 17 – 23

DIARY OF AUSTRALIAN FINANCE: Sunday, December 17 to Saturday, December 23. (*Some items may change due to company/organiser re-arrangements. To advise of amendments please email AAP Finance Desk: [email protected]). SUNDAY, December 17 No items listed MONDAY, December 18 Sydney – CoreLogic capital city house prices for the week just ended Sydney – Australian Bureau of…

IG Research – The long and the short of it

It’s been a fairly eventful 24 hours or so in terms of event risks by which market participants have had to navigate through. The wash-up being that Asian equity markets should open either flat or a slight negative bias.We can really look at the various themes into three main categories; these being political, economic and…

Britain’s iconic red phone boxes ring the changes

Facing extinction due to ubiquitous mobile phones, Britain’s classic red telephone boxes are being saved from death row by ingenious conversions into all sorts of new uses.‘It smells nice,’ a passer-by said while sniffing the waft of hot stew steaming out of one phone box in the heart of London.Every day, dozens of office workers…

Japan firm says it will pay part of salaries in Bitcoin

A Japanese company will start paying part of its employees’ salaries in Bitcoin, as it aims to get better understanding of the virtual currency, a spokeswoman said on Friday.GMO Internet, which operates a range of web-related businesses including finance, online advertising and internet infrastructure, will start paying up to 100,000 yen ($890) monthly by Bitcoin…

EU leaders fail to narrow east-west gap over migrants

EU leaders failed early Friday to narrow the east-west gap over how to deal with migrants coming to Europe and face a big task ahead to reform asylum rules by a deadline of June next year, summit participants said.During more than two hours of what one called ‘fierce’ debate, eastern European leaders stood firm against…

Facebook moves to make more video ad money

Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube.The leading social network will next year test showing short ads before videos on a new ‘Watch’ section devoted to just that activity, according to a blog post by product manager director Maria Angelidou-Smith and…

US moves to roll back ‘net neutrality’ rules

US regulators voted Thursday to roll back so-called ‘net neutrality’ rules which required internet providers to treat all traffic equally, in the latest twist to an acrimonious debate over online freedom.The Federal Communications Commission, in a three-to-two vote, adopted a proposal by Republican appointed chairman Ajit Pai, who said his plan would scrap ‘heavy-handed’ rules…

Asia News Agenda Friday

ASIA NEWS HIGHLIGHTS ON FRIDAY+ N. Korea UN ambassador due at Security Council meetingUNITED STATES/ NORTH KOREA– North Korea’s UN ambassador is expected to make a rare appearance at a Security Council meeting, where US Secretary of State Rex Tillerson will address how to confront the crisis over Pyongyang’s rogue nuclear programme.– OTHER AGENDA ITEMS…

US stocks decline on reports of tax cut opposition

Wall Street stocks retreated Thursday as reports of congressional opposition to the tax cut plan and worries about lofty equity valuations ended the Dow’s run of records.Reports that Senator Marco Rubio, a Florida Republican, could vote against the final tax cut package revived worries about the long-anticipated plan. The Senate approved its version of the…

Ten appoints new chief operating officer

Ten Network has made its first leadership change following its takeover by US media giant CBS. The broadcaster has appointed director of corporate and regulatory affairs Annabelle Herd to the newly created role of chief operating officer. Ten said the new role covers a range of business functions and is effective immediately. Chief executive Paul…