Samsung Electronics flags record Q3 operating profit
Samsung Electronics flagged Friday a third-quarter operating profit of 17.5 trillion won ($15.4 billion), a record for any-three month period, led by solid demand for its memory chips used in mobile devices.Sales for July to September are expected to reach 65 trillion won, the world’s largest maker of smartphones and memory chips said in a…
Porsche swears off diesel motors
Diesel-powered vehicles are out of the Porsche family for good, chief executive Oliver Blume has told the German daily Bild am Sonntag. Although the company does not currently produce diesel vehicles, Blume said he wants to be clear that they are also not on the horizon. Even without its own diesel vehicles, Porsche’s reputation has…
CommSec Daily Report Tuesday
Latest news Aussie stocks are softer for a fourth day, with the ASX 200 index down 0.3 per cent due largely to falls from the major banks. The big four are slumping by as much as 1.4 per cent ahead of this afternoon’s RBA Board meeting. Suncorp (SUN) confirmed the sale of its Life Insurance business…
CommSec Daily Report Friday
Latest newsAussie shares are bouncing back from a softer start to the day, with the ASX 200 index up 0.1 per cent at lunch. This puts the market on track to have its best week since early July and has also hit fresh 10.5 year highs. The ASX 200 remains above 6300pts for the third…
Woolies admits pokie players profiled
Woolworths has confirmed staff at some of its its hotels were profiling poker machine players and targeting gamblers with free drinks to encourage more betting. The supermarket giant has announced findings of an investigation into allegations, raised in February by federal MP Andrew Wilkie, that some gamblers at Woolworths-owned pubs had detailed profiles compiled about…
European stock markets drop at open
European stock markets moved lower in opening deals Monday as fears over a trade and currency war deepened.London’s benchmark FTSE 100 index slid 0.3 percent to 7,655.09 points, while the Paris CAC 40 slipped 0.3 percent to 5,382.86 points.Frankfurt’s DAX index fell 0.4 percent to 12,510.23 points compared with Friday’s closing levels.
Surprise May jump in home loan approvals
A surprise rise in home loan approvals in May is a welcome reprieve from recent falls, but major headwinds remain, according to economists. The number of home loan approvals for owner occupiers increased 1.1 per cent on a seasonally adjusted basis in May, ahead of market expectations of a 2.0 per cent fall. JPMorgan analyst…
Improving the relationship between grant makers and grant seekers
What are the policies and processes that govern grant choices? What does best practice mean for Australian philanthropists? How well do they really understand the needs of the organisations they fund? These questions were at the core of research carried out by the Asia Pacific Social Impact Centre at Melbourne Business School, as part of…
CommSec Daily Report Wednesday
Latest newsAussie shares are off to a better start on Wednesday despite an uninspiring mixed finish on Wall Street and slightly firmer than expected economic growth data. The ASX 200 index is up 0.38 per cent and is being led higher by gains from materials and held back most by losses from the banks.While this…
Cambridge Analytica to wrap up operations
Cambridge Analytica, the beleaguered data collection agency that worked for President Donald Trump’s 2016 election campaign, is liquidating existing operations. The British firm filed for Chapter 7 bankruptcy protection late on Thursday. Cambridge Analytica LLC listed assets in the range of $US100,001 to $US500,000 and liabilities in the range of $US1 million to $US10 million….
