All news

Beyond the car: how tech firms are exploring the future of transport

Carless commuting is cruising in the fast lane at the Consumer Electronics Show, with companies showing off electric bicycles, scooters, skateboards and more aimed at making the internal combustion engine a thing of the past.As the ranks of people around the world living in cities has grown, so too has the cost of car ownership…

Asia News Agenda Friday

ASIA NEWS AGENDA ON FRIDAY+ Trump, Moon signal openness for talks with N. Korea+ Eurasia Cup golf event begins in MalaysiaSOUTH KOREA/UNITED STATES– Monitoring after President Donald Trump says he is open to the US holding talks with North Korea ‘under the right circumstances’, and China welcomes South Korean President Moon Jae-In’s willingness to sit…

Yamaha motorcycle comes on command at CES event

With a wave, Kinji Asamura summoned a riderless motorcycle to his side in the Yamaha booth at the Consumer Electronics Show in Las Vegas this week.The concept electric motorcycle, called ‘Motoroid,’ then balanced in position, holding its place even when Asamura tried gently to push it over.Nearby, a robot that might seem suited for a…

Walmart raises pay in US even as it shuts some Sam’s Club stores

Walmart announced Thursday it will raise the minimum wage for US workers to $11 an hour and pay bonuses, crediting the US tax reform approved in December for making the changes possible.But the world’s biggest retailer and the biggest private US employer is also shutting some Sam’s Clubs stores around the US, the company confirmed.Owned…

IG Research – The long and the short of it

The night belongs to the bond bulls, who have had a rough ride of it of late, with cries that the 30-year bull market is over. I have been cautious on this view and suggested there was still work to be done before we can make such claims with any conviction, although recognise the longer-term…

Allan Gray reduces stake in Nine

A major Nine Entertainment shareholder, investment firm Allan Gray, has reduced its stake in the company. The broadcaster has informed the ASX that Allan Gray, which is also a major shareholder in Fairfax Media, on Monday sold down its stake in Nine from eight per cent to 5.3 per cent. Shares in Nine were up…

Retail sales lift $A but shares fall again

Widespread selling sent the share market to a second consecutive fall, while stronger than expected retail sales growth lifted the Australian dollar. The benchmark S&P/ASX200 index dropped 0.5 per cent to 6,067.6 points, and the local currency hit a high of 78.86 US cents, its best level since October. CommSec market analyst Steven Daghlian said…

Rio to sell aluminium smelter for $US500m

Rio Tinto plans to sell its Aluminium Dunkerque smelter in France to industrial and metals company Liberty House Group for $US500 million ($A700 million). The mining giant says it has received a binding offer from Liberty House – the company that bought Rio Tinto’s Lochaber smelter and assets in Scotland in December 2016 – which…

Aust shares look set to open lower

The Australian share market looks set to open lower after a report saying that China may halt or slow its purchase of US Treasuries sent Wall Street falling. At 0700 AEDT on Thursday, the share price futures index was down 18 points, or 0.30 per cent, at 6,028. In the US and Europe, key indexes…

$A recoups some ground against $US

The Australian dollar has rebounded from its previous session’s loss against its weakened US counterpart. At 0635 AEDT on Thursday, the Australian dollar was worth 78.32 US cents, up from 78.14 US cents on Wednesday. The US dollar fell against a basket of major currencies on Wednesday after a report that China was ready to…