Good news for motorists
Good news ahead for motoristsWeekly petrol pricesWholesale petrol: Today, the national average wholesale (terminal gate) unleaded petrol price stands at 131.8 cents a litre, down by 2.5 cents over the week and at 3-month lows (lowest since May 1).Retail petrol: According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol…
CommSec Daily Report Thursday
Latest NewsLocal shares advanced in early trade on Thursday, shrugging off the weaker trend seen in US and European trade overnight. US equity markets sold off as a trade tensions between the US and China intensified after the Trump Administration released a list of $200bn in additional imports from China on which it proposes a…
Trade woes drag down European stocks
Trade war worries permeated European stock markets on Thursday, eating into the previous day’s hard-won gains as mixed signals from the White House fueled uncertainty.Focus was also on Brussels, where EU leaders facing deep divisions on migration met for a summit that the embattled German Chancellor Angela Merkel said could decide the fate of the…
Health sector gives blockchain glowing prognosis
Securing safe interchange of patient data, improving the conduct of clinical tests and medicine traceability, and lowering costs.These are just some of the potential boosts for global healthcare the widespread use of blockchain technology, still in its relative infancy, could bring to the table, the sector hopes.The myriad potential applications of the cutting-edge technology used…
Jury still out in Apple-Samsung iPhone patent trial
Jurors return to a Silicon Valley courtroom Tuesday to deliberate for a second day about whether Samsung should pay Apple a billion dollars for copying iPhone design features.Apple is seeking slightly more than a billion dollars in damages in the seven-year-old legal battle, while Samsung wants a figure closer to $28 million.The jury has been…
CommSec Daily Report Monday
Latest newsAussie shares are holding onto modest gains at lunch despite heavy losses from Telstra (TLS), ANZ Banking Group (ANZ) and Macquarie (MQG). The ASX 200 is up 0.2 per cent and keeps stocks near four-month highs after six straight weeks of improvements.Telstra (TLS) is down 3.5 per cent after warning of lower profits this…
New home sales jump in NSW
New home sales jump in NSW, plunge in QueenslandNew home sales; Consumer sentimentNew detached home sales decline: In seasonally-adjusted terms, new detached home sales fell by 0.7 per cent in February after falling by 2.1 per cent in January. Sales are down by 1.4 per cent over the year.NSW leads, Queensland lags: The volume of…
Stocks to watch
Stocks to watch on the Australian stock exchange: BXB – BRAMBLES – up 1 cent, or 0.1 per cent, at $10.04 Brambles has inked a deal to sell North American whitewood pallets business CHEP Recycled to private equity firm Grey Mountain Partners for $US115 million ($A161 million). RFG – RETAIL FOOD GROUP – down 13…
GM’s Ammann to shift to Cruise autonomous venture
General Motors announced Thursday that Dan Ammann will give up duties as president to lead the Cruise autonomous vehicle initiative as the venture moves towards commercial deployment in 2019. Ammann, who has served as the company’s number two executive after Chief Executive Mary Barra, will become CEO of the San Francisco-based Cruise, reporting to Barra….
US workers fear steel tariffs could be nail in the coffin
The mood is tense at a nail factory in rural Missouri, where workers fear that steel tariffs imposed by President Donald Trump’s administration could cost them their jobs. As giant spools of steel feed the manufacturing process, the men and women operating the whirring, screeching machines of the Mid-Continent Nail Corporation wonder if Trump himself…
