Trump-Xi trade meeting set for Saturday
US President Donald Trump is set to hold much-anticipated trade talks with Chinese President Xi Jinping in Osaka on Saturday morning. The bilateral meeting, aimed at heading off a ratcheting up of US tariffs on imports of consumer and other goods from China, is likely to be the most closely watched event at the G20…
Reasons to Opt for Stock Trading
Stock trading baffles even the shrewdest people on this planet. Only an avid investor can take the stock market and perform stock trading to yield a good profit. The world, however, still remains skeptical of stock trading despite admitting that it has a good set of benefits. Pre-Requisites for Stock Trading While stock trading may…
CommSec Daily Report Wednesday
Latest news Aussie share are lifting for a second day and have hit fresh 11.5 year highs at lunch, with the ASX 200 index up 66pts or 1 per cent to 6635.4. A strong lead from Wall Street, encouraging signs for the US-China trade dispute and firmer commodity prices are boosting sentiment. Last night, President…
Online job ad numbers fall in May
The number of jobs advertised online dipped 0.7 per cent in May, marking a fifth consecutive month of falls recorded by the federal government’s Internet Vacancy Index. The numbers, released by the Department of Jobs and Small Business on Wednesday, indicated a drop of 1,300 ads from the previous month and a 5.7 per cent…
Melbourne cafe workers back paid $25k
More than two dozen workers at inner Melbourne cafes have been back paid almost $25,000 following inspections by workplace inspectors. Cafe Touchwood Pty Ltd, trading as Cafe Touchwood in Richmond, and Cafecino Enterprise Pty Ltd, trading as A Minor Place cafe in Brunswick, were found to have paid 26 workers unlawfully low rates. The workers,…
Miner stoush could leave Labor in a hole
There is a battle for hearts and minds under way within the Australian Labor Party. Two issues arising this week have shone a light on this battle. One is the approval of Indian giant Adani’s Carmichael coal mine in central Queensland. The other is the future of construction union boss John Setka. Federal Labor tied…
International Money Transfers and Challenges Facing the Industry
The international money transfer industry is a booming, thanks largely to an integrated global economy. Several leading companies dominate the industry such as Western Union, Transferwise and Xoom, although many smaller international money transfer companies are coming into the reckoning too. While Western Union remains a market leader, it is fraught with challenges, notably slow…
Jobless rate steady at 5.2% for May
Australia’s unemployment rate remained steady at a seasonally adjusted 5.2 per cent in May, but underemployment has risen due to a jobs surge overwhelmingly weighted towards part-time work. The number of employed people rose by 42,300 to a total 12.87 million during the month, while Thursday’s seasonally adjusted data from the Australian Bureau of Statistics…
US China concerns ‘legitimate’: Australia
The United States has legitimate concerns about China’s trade practices and the economic powerhouses must resolve their differences to avert a global crisis, Treasurer Josh Frydenberg says. Mr Frydenberg acknowledges the trade war has put Australia is in a difficult position because China is its biggest trading partner. But at the same time the US…
The Daily Fix – A mid-week chart fest
We’ve discussed global rates and trade tensions in some depth of late, but news that was undoubtedly a key feature yesterday was the idea of renewed China stimulus. We saw the China CSI 300 index close up 3%, with A50 index (CN50) closing 2.5% higher, although we’re looking for a more subdued open today. The…
