All news

Britain ‘very close’ to agreeing Brexit bill

Britain is ‘very close’ to an agreement on its Brexit bill, the EU said Wednesday, but reports that the divorce settlement could be up to 55 billion euros have angered both Brexiteers and europhiles.Brussels said it wanted more progress on the key issues of the Irish border and the rights of European expats in Britain…

China factory activity accelerates in November

China’s manufacturing activity accelerated in November, official figures showed Thursday, beating expectations as strengthening domestic and global demand boosted production in the world’s second-largest economy.The manufacturing purchasing managers’ index, a gauge of factory conditions, stood at 51.8 for the month, the National Bureau of Statistics (NBS) said, up from 51.6 in October.Anything above 50 is…

Kazia Therapeutics (KZA) CEO & Managing Director, Dr James Garner

Executive Series: Kazia Therapeutics (KZA) CEO & Managing Director, Dr James Garner In this short video, Tom & James discuss; • Kazia’s recent name change from Novogen• Progress of its ovarian cancer and brain cancer drug trials YouTube Link: https://youtu.be/Pd55l3EC66A To view more Executive Series interviews, visit:https://www.commsec.com.au/market-news/executive-series

US tech shares sell off as bitcoin soars above $11,000

A strong US economic growth report lifted the Dow to a fresh record close Wednesday, even as the tech-rich Nasdaq plunged following a sell-off in high-flying technology shares.Meanwhile, bitcoin hogged the headlines after the virtual currency, which is not traded on world markets, smashed its way to historic peaks, racing past $11,000 a day after…

Court investigating whether Uber connived to cover its tracks

Uber, the ride-sharing giant hit with a number of scandals in recent months, is now suspected of operating a program to hide nefarious tactics.The start of a trial in Waymo’s suit against Uber over allegedly swiped self-driving car technology was put on hold this week while the court looked into whether evidence of a cover-up…

The lack of inflation is a global issue

The macro stability cocktail is a combination of decent growth, muted inflation and very gradual withdrawal of central bank accommodation.Well the Balinese volcano didn’t blow and neither has volatility in markets. In fact, key market measures of implied volatility continue to plumb new lows. Contributing to this is the synchronised nature of the global growth…

Business investment lifts

Business Investment: the most positive in 12 yearsBusiness InvestmentInvestment rises: New business investment (spending on buildings and equipment) rose by 1.0 per cent in the September quarter after a 1.1 per cent lift in the June quarter.Expected business investment: The fourth estimate of investment in 2017/18 is $108.9 billion and is 1.6 per cent higher…

Townhouse approvals at 20-year highs

Townhouse approvals at 20-year highsPrivate sector credit; Building approvals; China manufacturing & servicesLending: Private sector credit (lending) rose by 0.4 per cent in October after a 0.3 per cent rise in September. Annual credit growth fell to 5.3 per cent in October from 5.4 per cent in September.Dwelling approvals: Approvals by local councils to build…

Fed survey shows signs of inflation, rising wages in US

US price pressures have strengthened and wages are showing some signs of life after an extended period of mysteriously low inflation, according to a Federal Reserve survey released Wednesday.The Fed’s so-called beige book survey, which gathers reports from businesses across the nation, offers another sign the central bank is likely to raise interest rates at…

Australia calls banking inquiry to quell public anger

An independent inquiry into the Australian financial services sector was announced Thursday in a bid to quell public anger at the massively profitable banking system after a series of scandals.The country’s ‘big four’ lenders – among the developed world’s most wealthy – have been under scrutiny in recent years amid allegations of dodgy financial advice,…

Best Resources & Offers