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ASX Half Year Result – ASX profit boosted by a lift in capital raisings and futures trading

ASX profit boosted by a lift in capital raisings and futures tradingASX recorded a 5.1% lift in profit, slightly higher than market expectations on solid secondary market capital raisings, higher futures trading and greater than expected income from its data feeds and technical services.Click Here to view report & video:https://www.commsec.com.au/market-news/reporting-season/feb-18/ASXLtd-ASX-half-year-results-2018For more Reporting Season coverage Click…

IG Research – The long and the short of it

It was billed as one of the most important pieces of market data points for years, but the US core CPI print has failed to live up to the hype, where hot numbers were expected to cause another leg down in risk appetite. The wash-up is a market overlooking both the retail sales and CPI…

Telstra Half Year Result – TLS beats market expectations on cost cutting and mobile revenue

Telstra (TLS) beats market expectations on cost cutting and mobile revenueTelstra has posted an above consensus net profit of $1.7bn for the six months ended 31 Dec 2017. The result was boosted by a lift in mobile subscriber numbers and cost cutting initiatives.Click Here to view report & video:https://www.commsec.com.au/market-news/reporting-season/feb-18/TelstraCorpLtd-TLS-half-year-results-2018For more Reporting Season coverage Click Here:https://www.commsec.com.au/reportingseason

Trump says Abe agrees to invest more in US

US President Donald Trump on Wednesday said that he had secured assurances from Prime Minister Shinzo Abe that Japan will invest more in the United States.‘I had a phone call this morning with Prime Minister Abe of Japan and I suggested that he invest more and open up more plants,’ Trump told reporters and lawmakers…

Origin Energy Half Year Result – ORG loss narrows on a lift in production & higher prices

Origin Energy Half Year Result – ORG loss narrows on a lift in production & higher pricesOrigin Energy has posted an above consensus half year result, with revenue and underlying profit lifting on the previous corresponding period.Click Here to view report & video:https://www.commsec.com.au/market-news/reporting-season/feb-18/OriginEnergyLtd-ORG-half-year-results-2018For more Reporting Season coverage Click Here:https://www.commsec.com.au/reportingseason

US consumer prices jump 0.5% in January

US consumer inflation jumped sharply in the first month of 2018, the government reported Wednesday, spooking global stock markets amid concerns that interest rates will rise more aggressively this year.The consumer price index (CPI), which tracks the costs of household goods and services, rose 0.5 percent last month, exceeding analyst expectations, according to the Labor…

Major Xerox investor sues to block takeover by Fujifilm

One of Xerox’s biggest shareholders filed suit to challenge the US photocopier and printer maker’s planned takeover by Japanese technology firm Fujifilm.Darwin Deason who along with Carl Icahn controls 15.2 percent of Xerox shares, filed suit against Xerox and Fujifilm on Tuesday, alleging fraud.Xerox said the allegations are ‘without merit’ and that it will ‘vigorously…

Qld govt blocks Acland coal mine expansion

Queensland’s environment department will not grant approvals for the proposed $900 million expansion of the New Acland coal mine, leaving hundreds of jobs in limbo. The department has decided against granting an environmental authority for the controversial Darling Downs project, necessary for New Hope – the parent company of New Acland Coal – to seek…

Shares slide ahead of US inflation data

The Australian share market weakened as caution ahead of the release of key US inflation data outweighed better than expected earnings reports from several companies. After gaining ground in early trade, the benchmark S&P/ASX200 index closed 0.25 per cent lower at 5,841.2 points. The healthcare sector was a rare bright spot, as most other sectors…

Orora flags $8m H2 hit from power bill

Orora has warned it expects its power bill to rise by as much as $8 million in each of the next two halves as the packaging business looks for alternate supplies amid surging east coast electricity prices. Orora shares rose on Wednesday after it reported a lift in profits and revenue, but the group said…