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Holden confirms car plant sale

Car company Holden has confirmed the sale of its former vehicle assembly site in Adelaide to a Melbourne-based developer for an undisclosed sum. The company says the Pelligra Group plans to turn the site into a business park with a range of industrial, manufacturing, construction, engineering, automotive and commercial uses as well as retail and…

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…

Aust shares look set to open flat

The Australian share market looks set to open flat amid widespread negative sentiment on international bourses. At 0700 AEDT on Friday, the share price futures index was down one point, or 0.02 per cent, at 6,012. In the US, Walt Disney struck a deal to buy Rupert Murdoch’s Twenty-First Century Fox’s assets for $US52.4 billion…

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…

British PM urges EU to move quickly on Brexit talks

British Prime Minister Theresa May urged EU leaders at a summit on Thursday to move Brexit talks onto trade as quickly as possible, as they prepared to sign off on an interim deal on the divorce.Her 27 counterparts are expected to agree on Friday that sufficient progress has been made on key separation issues including…

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…

Murdoch’s leaner Fox machine post-Disney deal

Rupert Murdoch’s decision to sell off the bulk of 21st Century Fox leaves him with a leaner, tighter media machine focused on broadcast news and sports, a drastic retrenchment after half a century of expansion.The decision to sell off Hollywood film and television studios, cable entertainment networks and international TV assets effectively takes Fox out…

CommSec Daily Report Friday

Latest NewsThe Aussie market has had a tough start to Friday as it continues on from yesterday’s losses with the ASX 200 slipping another 18pts or 0.3% to 5993pts. Financials have been the main drag on the market with the big four banks all down between 0.5%-0.7%. Westpac (WBC) has fallen the most so far,…