Westpac cops first strike on executive pay
Westpac shareholders have handed the bank a first strike on executive pay in protest over bonus cuts they say did not go far enough. Almost 64 per cent of votes cast ahead of the bank’s annual general meeting in Perth went against the remuneration report as the bank followed the likes of Telstra, Tabcorp and…
Global economy in 2019: Growth beginning to fray
American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.Surveys of US business and consumer sentiment continued to show economic optimism going into next year but cracks are beginning to form – in the…
CommSec Daily Report Friday
Latest News The Aussie market is rebounding from three straight losses to lift towards lunch on Friday. The ASX 200 is climbing 35 points or 0.6% to 5692. If the market is able to maintain these levels for the remainder of the session, the ASX 200 index will manage its first weekly improvement in a month. The…
CommSec Daily Report Monday
Latest NewsAussie shares are being boosted by the optimistic tone to come out of trade talks between US-China at the G20 summit. The two countries have agreed to halt additional tariffs for 90 days while negotiations are ongoing. According to the White House, if an agreement is not reached at the end of the 90…
CommSec Daily Report Thursday
Latest news Gains from banks and miners are helping push the ASX 200 up strongly on Thursday. The index is up 0.6 per cent following the second best gain of the year in the US overnight. Federal Reserve chair Jerome Powelldelivered a speech with some comments suggesting there could be fewer rate hikes next year than…
CommSec Daily Report Wednesday
Latest NewsLocal shares are edging lower heading towards lunch with the ASX 200 sliding 12 points or 0.2% to 5717, despite Wall Street closing higher on a late rally over reports that US economic advisor Larry Kudlow believes there is an opportunity for the US and China to “turn a new page” in relation to…
CommSec Daily Report Tuesday
Latest newsThe Australian sharemarket is barely hanging on to gains at lunch on Tuesday, with the ASX 200 up 0.1 per cent thanks to modest gains across most sectors and follows solid gains in the US last night. The big picture remains little changed however, with local stocks down by more than 10 per cent…
CommSec Daily Report Monday
Latest NewsAussie shares are off to a softer start to the week, weighed by a weak return from Wall St, on a holiday shortened session, over the weekend. The ASX 200 is erasing some of its losses at the open but still easing 25 points or 0.44% to 5691 at midday.The continued slump in commodity…
Confident Andrews cruises toward poll day
Buoyed by two positive poll results, it was a confident Daniel Andrews who hit the road for a final day of campaigning before D-day in the Victorian election. Flanked by wife Cath, a familiar face late in the campaign, the Labor leader seemed relaxed in the company of happy children as he made another school-related…
CommSec Daily Report Friday
Latest NewsLocal shares opened a touch weaker with little direction from overseas markets. US markets were closed overnight due to the Thanksgiving Day holiday. The ASX 200 has recovered to improve by 25 points or 0.4% to 5716 around lunch time. For the week, the ASX 200 is looking at a decline of 0.3%.The retail…
