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US economy sees fastest growth in three years in third quarter

The US economy posted its fastest growth in three years in the third quarter, indicating a broad-based expansion is gaining momentum, according to official figures released Wednesday.The revised data surpassed President Donald Trump’s three percent target for the second time in a row, showing that back-to-back hurricanes in late summer barely left a scratch on…

Britain ‘very close’ to agreeing Brexit bill

Britain is ‘very close’ to an agreement on its Brexit bill, the EU said Wednesday, but reports that the divorce settlement could be up to 55 billion euros have angered both Brexiteers and europhiles.Brussels said it wanted more progress on the key issues of the Irish border and the rights of European expats in Britain…

China factory activity accelerates in November

China’s manufacturing activity accelerated in November, official figures showed Thursday, beating expectations as strengthening domestic and global demand boosted production in the world’s second-largest economy.The manufacturing purchasing managers’ index, a gauge of factory conditions, stood at 51.8 for the month, the National Bureau of Statistics (NBS) said, up from 51.6 in October.Anything above 50 is…

Kazia Therapeutics (KZA) CEO & Managing Director, Dr James Garner

Executive Series: Kazia Therapeutics (KZA) CEO & Managing Director, Dr James Garner In this short video, Tom & James discuss; • Kazia’s recent name change from Novogen• Progress of its ovarian cancer and brain cancer drug trials YouTube Link: https://youtu.be/Pd55l3EC66A To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series

US tech shares sell off as bitcoin soars above $11,000

A strong US economic growth report lifted the Dow to a fresh record close Wednesday, even as the tech-rich Nasdaq plunged following a sell-off in high-flying technology shares.Meanwhile, bitcoin hogged the headlines after the virtual currency, which is not traded on world markets, smashed its way to historic peaks, racing past $11,000 a day after…

Court investigating whether Uber connived to cover its tracks

Uber, the ride-sharing giant hit with a number of scandals in recent months, is now suspected of operating a program to hide nefarious tactics.The start of a trial in Waymo’s suit against Uber over allegedly swiped self-driving car technology was put on hold this week while the court looked into whether evidence of a cover-up…

The lack of inflation is a global issue

The macro stability cocktail is a combination of decent growth, muted inflation and very gradual withdrawal of central bank accommodation.Well the Balinese volcano didn’t blow and neither has volatility in markets. In fact, key market measures of implied volatility continue to plumb new lows. Contributing to this is the synchronised nature of the global growth…

Business investment lifts

Business Investment: the most positive in 12 yearsBusiness InvestmentInvestment rises: New business investment (spending on buildings and equipment) rose by 1.0 per cent in the September quarter after a 1.1 per cent lift in the June quarter.Expected business investment: The fourth estimate of investment in 2017/18 is $108.9 billion and is 1.6 per cent higher…

Townhouse approvals at 20-year highs

Townhouse approvals at 20-year highsPrivate sector credit; Building approvals; China manufacturing & servicesLending: Private sector credit (lending) rose by 0.4 per cent in October after a 0.3 per cent rise in September. Annual credit growth fell to 5.3 per cent in October from 5.4 per cent in September.Dwelling approvals: Approvals by local councils to build…

Perth to test driverless Uber service

Perth has been chosen as one of three cities in the world to test a driverless, ride-sharing service similar to Uber as part of a global trial of autonomous, electric-powered cars. The fully electric-powered Autonoms cars can carry up to six passengers and reach a top speed of 90km/h, although they will be restricted to…

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