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Finance News Update, what you need to know

WORLD FINANCE UPDATE: The Australian share market looks set to open higher despite an uninspiring Wall Street session. At 0700 AEDT on Friday, the share price futures index was up 17 points, or 0.29 per cent, at 5,969. Meanwhile, the Australian dollar is a hair’s breadth off of 80 US cents as the US dollar…

Aust shares shrug off Wall St, to open up

The Australian share market looks set to open higher despite an uninspiring Wall Street session. At 0700 AEDT on Friday, the share price futures index was up 17 points, or 0.29 per cent, at 5,969. The US market’s strong rally ran out of steam on Thursday – a day after the Dow Jones Industrial Average…

European stocks stutter as dollar weakens

Most of Europe’s stock markets ran into profit-taking Thursday as the continent’s main currencies posted fresh gains against the dollar, weighing on export-heavy stocks, as the Wall Street rally also stalled.The underlying mood remained confident, however, traders said, buoyed by bullish Chinese data, strong corporate earnings and New York’s record close the previous day amid…

France and Germany to propose bitcoin regulations

France and Germany said Thursday plan to make a joint proposal on regulating bitcoin at a meeting of finance ministers from the G20 countries in March.‘We have the same concerns and we share the goal of regulating bitcoin,’ French Finance Minister Bruno Le Maire said at a joint press conference with his German counterpart Peter…

HSBC in $100 million forex fraud settlement

British financial giant HSBC has agreed to pay more than $100 million to US authorities after admitting to defrauding clients during multi-billion-dollar foreign exchange transactions, the Justice Department announced Thursday.The settlement follows an indictment handed down Wednesday against a former Barclays trader similarly accused of defrauding the former California computing giant Hewlett-Packard by manipulating foreign…

CommSec Daily Report Friday

Latest NewsLocal shares started the last session of the week in listless fashion reflecting the flat finish for US equity markets this morning.US participants reflected on a weaker round of economic news in the session, in the process capping gains for stocks. Additionally , Investors remained wary of taking on new positions ahead of a…

New lending hits 1-year high

Lending lifts; Top tourist destinationsLending finance; Overseas arrivals & departuresLending finance: Total new lending commitments (housing, personal, commercial and lease finance) rose by 9.5 per cent in November – the biggest rise in almost three years and to a 12-month high.Tourism: Tourist arrivals rose 0.4 per cent in November to be up 8 per cent…

Senate gives final passage to contested surveillance bill

The US Senate on Thursday gave final congressional approval to a bill extending a fiercely contested program giving national security agencies broad authority to intercept private electronic communications.The 65-34 vote approved the so-called Section 702 authority of the Foreign Intelligence Surveillance Act, sending the measure for President Donald Trump’s signature. The House of Representatives approved…

Asia News Agenda Friday

ASIA NEWS AGENDA ON FRIDAY+ UN special rapporteur visits Rohingya camps+ Nadal, Wozniacki in action at Australian OpenBANGLADESH– United Nations special rapporteur Yanghee Lee visits Rohingya refugee camps in the southeastern Cox’s Bazar district.AUSTRALIA– World number one Rafael Nadal resumes his march at the Australian Open in Melbourne, with second seed Caroline Wozniacki also in…

May, Macron strike border security deal at UK summit

Prime Minister Theresa May and her French counterpart Emmanuel Macron agreed a new border security deal on Thursday, through which the UK will pay more to France to stop migrants trying to reach British shores.May also confirmed the loan of the Bayeux Tapestry from France, a historic work depicting the Norman conquest of England which…