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Monadelphous gets new orders worth $110m

Engineering services firm Monadelphous Group has secured new contracts worth $110 million in the resources and infrastructure sectors. The deals include three separate three-year contracts for maintenance work at the Dalrymple Bay coal terminal in Queensland, Synergy’s Muja power station in WA, and BHP’s Mount Arthur coal operations in NSW – as well as the…

Stocks to watch

Stocks to watch on the Australian stock exchange: A2M – THE A2 MILK COMPANY – is down 1.5 cents, or 0.2 per cent, at $7.055 QAN – QANTAS AIRWAYS – is down 13 cents, or 2.4 per cent, at $5.23 The A2 Milk Company has appointed Jayne Hrdlicka as chief executive, ending the Qantas loyalty…

Jayne Hrdlicka leaves Qantas for A2 Milk

Former Jetstar chief executive Jayne Hrdlicka had been appointed the next head of The A2 Milk Company. Ms Hrdlicka will remain with Qantas until March and join the dairy company at the start of the 2018/19 financial year, taking over from current A2 Milk CEO Geoffrey Babidge, who is retiring after seven years in the…

Aust shares set to open solidly higher

The Australian share market looks set to open more than a third of a per cent higher after the Federal Reserve’s interest rate rise buoyed Wall Street stocks. At 0700 AEDT on Thursday, the share price futures index was up 35 points, or 0.58 per cent, at 6,062. In the US, the Federal Reserve raised…

$A almost half a cent higher against $US

The Australian dollar is almost half a US cent higher against the greenback which has weakened after the Federal Reserve raised its interest rate, as expected, but left its outlook unchanged. At 0635 AEDT on Thursday, the Australian dollar was worth 76.22 US cents, up from 75.75 US cents on Wednesday. The US central bank…

NBN Co cuts prices to lift internet speeds

NBN Co has responded to calls from retailers to slash the price of access to the network in order to boost broadband speeds and reduce customer costs. The company in charge of building the national broadband network says it will reduce the cost of its top-tier internet access plans in a bid to convince retailers…

CommSec Daily Report Thursday

Latest NewsAussie shares are lifting for a sixth straight session following another record close for the Dow Jones on Wall Street. The US Fed Reserve lifted rates by 25bps to a range of 1.25%-1.5% as the US economy continues to strengthen. The ASX 200 opened 13pts or 0.22% higher and is looking to hold around…

Asia News Agenda Thursday

ASIA NEWS HIGHLIGHTS ON THURSDAY+ Chinese, S. Korean leaders meet hoping to rebuild ties+ Millions vote in bellwether Indian regional pollCHINA– South Korean President Moon Jae-In will hold talks with Chinese leader Xi Jinping in Beijing, seeking to repair a relationship strained over Seoul hosting a US missile system.INDIA– Millions expected to vote in the…

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…

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