Rio Tinto hits iron ore output target
Mining giant Rio Tinto expects to produce more iron ore this year, after putting in a solid production performance in 2018 meeting expected output guidance. The global miner shipped 338.2 million tonnes of iron ore from its Pilbara operations in 2018, in line with full-year guidance. Both the production and shipment of iron ore in…
CommSec Daily Report Tuesday
Latest News Local shares are nudging higher after a slightly weaker performance yesterday as investor sentiment was dampened on weaker Chinese trade data and the concerns surrounding implications of the trade war on global economic growth. Wall Street also eased overnight on the Chinese data while US earnings kicks off this week.The ASX 200 is improving…
Samoa to receive additional economic support from ADB
It may turn out to be somewhat of a good thing that China and the West are vying for the attention of countries in the Asia Pacific region, as it means they are finding themselves in a better bargaining position when it comes to asking for financial support. This has been the case with others…
Shares in Havilah Resources resume trading
Shares in Adelaide mining company Havilah Resources have resumed trading on the ASX following a voluntary suspension so the company could retract statements on social media about an iron ore find. Havilah had asked for the trading halt on Monday after Havilah’s technical director gave optimistic interviews about the size of its recent iron ore…
Intelligence boss defends 5G security step
The head of Australia’s foreign intelligence and cyber security agency says it was a ‘foundational issue’ to get the security settings right for the nation’s 5G network and exclude high-risk vendors. A global debate has been sparked over the role of Chinese technology company Huawei’s expansion. In August, the Australian government informed Huawei and ZTE…
Labor energy policy divides opinion
With Australia’s elections already looming on the horizon for next year, both parties are setting the stage to begin their campaigns. This week has seen Labor surprise many in the country with the release of its official energy policy, which it hopes will gain support from those across the political spectrum who favor a stable…
Consumer sentiment lifts as petrol falls
Happy consumers; Good business conditionsConsumer sentiment; Lending Finance; NAB survey Consumer sentiment: The ANZ-Roy Morgan consumer confidence rating rose by 2.6 per cent to 119.8 in the past week. The index equals a 4-month high and is above both the average of 114.2 held since 2014 and the longer-term average of 113.0 held since 1990. Business conditions:…
Stocks to watch
Stocks of interest at the close of trade on the ASX on Tuesday, October 30: ANZ – ANZ – up 46 cents, or 1.8 per cent, at $25.66 CBA – COMMONWEALTH BANK – up $1.52, or 2.3 per cent, at $68.16 NAB – NATIONAL AUSTRALIA BANK – up 15 cents, or 0.6 per cent, at…
Judge slashes award but upholds verdict in Monsanto cancer trial
A San Francisco judge on Monday upheld a jury verdict that found Monsanto liable for not warning a groundskeeper that its weed killer product Roundup might cause cancer, but slashed the damages award.Judge Suzanne Bolanos denied Monsanto’s request for a new trial but cut the $289 million damages award to $78 million to comply with…
Vic premier makes new hospital pledge
A new $1.5 billion hospital in Melbourne’s west could become a major health hub for its booming population. Premier Daniel Andrews said, if re-elected in November, the new 504-bed Footscray Hospital could allow an extra 15,000 patients to be treated each year,. It would also see an additional 20,000 emergency department admissions. The new hospital…
