CommSec Daily Report Thursday
Latest newsThe Aussie market is fading from a better start due mainly to losses from BHP Billiton (BHP) and farming group Costa (CGC) at lunch. This is the first time this week local equities are not lifting and the ASX 200 is still close to two-month highs.What is encouraging is that the US-China trade negotiations…
Taiwan confirms wish to join Asia Pacific trade deal
As the ink dries on the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into force on 30th December, there have already been calls from other countries who want to take part in the deal. One of these countries is Taiwan, and as more nations come together to work on…
Industrialist has big plans for Whyalla
British industrialist Sanjeev Gupta has unveiled an ambitious plan for a “grand scale steel plant” in Whyalla, capable of annual exports of 10 million tonnes. The billionaire on Monday revealed details of what he said could become one of the world’s largest steel production facilities, with the necessary infrastructure to double production over time. The…
The Week Ahead
A relatively quiet week beckons in Australia in terms of new economic data. Business investment, construction work done and private sector credit figures are of most interest. And Reserve Bank Governor Philip Lowe speaks.In the US the release of the minutes from the last Federal Reserve meeting will attract interest, while the second estimate of…
Italy to defy EU over big-spend budget
Italy’s populist government was set Tuesday to defy the European Commission, preferring to risk financial sanctions than revise its big-spending budget.The coalition had been given time to change its 2019 plans but insists an anti-austerity approach will help kickstart growth in the eurozone’s third largest economy, and consequently reduce the public debt and deficit.The far-right…
US charges 2 ex-Goldman Sachs bankers in Malaysia bribery scandal
US officials unveiled criminal charges Thursday against two former Goldman Sachs bankers over the scandal-plagued Malaysian sovereign wealth fund 1MDB, raising fresh questions about corporate culture at the prestigious investment bank.The Justice Department arrested former Goldman Sachs banker Ng Chong Hwa in Malaysia on Thursday, and unsealed charges against Tim Leissner, another ex-Goldman banker, who…
CommSec Daily Report Tuesday
Latest NewsLocal shares are falling for a third straight session with the ASX 200 losing 50 points or 0.86% to 5854 heading towards lunch. This follows a mixed session on Wall Street overnight where the S&P 500 fell for a fourth straight session but the tech heavy Nasdaq lifted.Losses are outweighing the gains with most…
CommSec Daily Report Monday
Latest NewsAussie shares have started the week on a softer footing with the ASX 200 losing 62 points or 1% to 6123 heading to lunch. The local bourse was not helped by losses on Wall Street weighed by a jump in US treasury yields.Nearly three quarters of the top 200 stocks are in the red…
The Week Ahead
In Australia over the coming week the Reserve Bank Board meets and retail trade and building approvals data are released with international trade.In China, the coming week kicks off on Sunday when official purchasing manager index (PMI) results for both manufacturing are services sectors are scheduled. The monthly jobs data is generally regarded as the…
Uber announces ramped up passenger security
Uber chief Dara Khosrowshahi said on Wednesday the smartphone-summoned ride service is reinforcing safeguards for passengers and their personal information.Features to be added to the app in the coming months include ‘Ride Check,’ which uses location tracking already built into the service to detect when cars have stopped unexpectedly.If a crash is suspected, the driver…
