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China consumers may vent anger at Aust

Australian exporters and tourism operators could face a Chinese consumer backlash if strained relations between Canberra and Beijing worsen. Chinese government officials are keen to see whether recent comments by Prime Minister Malcolm Turnbull about foreign interference in Australian politics are just rhetoric or represent a fundamental shift in the relationship. The former, especially in…

Finance Week for December 24 – 30

DIARY OF AUSTRALIAN FINANCE: Sunday, December 24 to Saturday, December 30. (*Some items may change due to company/organiser re-arrangements. To advise of amendments please email AAP Finance Desk: [email protected]). SUNDAY, December 24 No items listed MONDAY, December 25 No items listed TUESDAY, December 26 No items listed WEDNESDAY, December 27 No items listed THURSDAY, December…

Apple admits to slowing iPhones as batteries age

Apple on Thursday confirmed what some conspiracy theorists suspected, that it intentionally slows performance of older iPhones as batteries weaken from age.The admission played into concerns that Apple was stealthily nudging iPhone users to upgrade to newer models by letting them think it was the handsets that needed replacing and not just a matter of…

IG Research – The long and the short of it

It seems that we go into the last trading session before the Christmas break with a positive feel to the equity market open and even a small chance (say 15%-20%) that the local market tests 6100.Hitting 6100 is a massive ‘if’ and while Aussie SPI futures are trading 0.3% higher (or 17-points) at 6032, the…

US stocks resume upward climb after tax cut passes

Energy and media shares were among the winners Thursday as US stocks resumed their upwards climb following passage of the landmark US tax cut.Stocks fell the previous two days as Congress approved the final version of the $1.5 trillion tax cut bill, after hitting several new records in recent weeks in anticipation of the massive…

Asia News Agenda Friday

ASIA AGENDA ITEMS ON FRIDAY+ 29 dead in S. Korea fitness center blaze + 19 hurt as car ploughs into crowd in Melbourne+ 4 dead, 11 missing as ferry capsizes off PhilippinesSOUTH KOREA– Following after at least 29 people are killed and 26 injured in a major blaze at a fitness centre building in the South…

Shifting to crypto cash, NY iced tea maker sees shares triple

Shares in a New York beverage company nearly tripled by midafternoon Thursday after it announced it was shifting into cryptocurrency-related investments.Long Island Iced Tea Corp of Farmingdale, New York – which says it currently produces the soft drink with a proprietary recipe – announced Thursday it was changing its name to ‘Long Blockchain Corp’ and…

Boeing, Embraer confirm merger talks ongoing; deal not guaranteed

US aerospace giant Boeing and Brazil’s Embraer said Thursday they were in talks on a ‘potential combination’ but cautioned there was no guarantee of a deal.The talks ignited shares of the Brazilian company, which makes commercial, military and executive jets, despite immediate signs of opposition to the transaction in Brazil. Any deal would need to be…

Growth, inflation and central bank cocktails

Disentangling these effects is difficult, particularly in the later phase of the cycle which is probably where we are now. Decomposing returns from key equity markets in the QE era is instructive here.November was on balance another good month for risk assets reflecting an ongoing cocktail of reasonable growth, low(ish) inflation and gun shy central…

UK accused of trying to block US trade deal transparency

Britain is attempting to ‘pull down the blinds’ on its post-Brexit free trade talks with the United States after agreeing to keep key aspects of the negotiations confidential, critics said Thursday.The two countries have set up a ‘trade and investment working group’ to lay the groundwork for a future deal once Britain leaves the European…