Minister rules out selling NBN to Telstra
Communications Minister Paul Fletcher has ruled out selling the national broadband network to Telstra when the rollout of the $51 billion project is finished. Telstra raised the prospect of acquiring the network or striking a deal with the government over the network last year. Mr Fletcher pointed to safeguards within existing laws preventing a retail…
Wall Street drops as Apple falls, Fed eyed
US stocks have fallen as Apple shares dropped following a broker downgrade, and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month. Apple fell 2.2 per cent and was the biggest drag on the S&P 500 and Nasdaq. Rosenblatt Securities downgraded the iPhone maker’s shares to…
Investor Signposts 8 July 19: Post-Election Results
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including the NAB business survey, consumer confidence & China inflation. Australia: Post-election results • In the coming week there will be more insights into the post-election economic environment in terms of business conditions and consumer sentiment. • The…
2019 Losers Poised for a Comeback
Retail Investors who take pride in calling themselves “stock-pickers” are constantly on the lookout for picks. Twice a year they are treated to the annual delight of listings of best and worst ASX performers for the trading year, ending on or about 31 December, and for the fiscal year, ending on or about 30 June….
Work starts on $1.8b WA mine and rail line
Construction has officially begun on Fortescue’s Eliwana mine and rail project in the Pilbara, Western Australia, a $US1.275 billion ($A1.8 billion) venture that will allow Fortescue to deliver the majority of its products at a higher grade of iron ore. The project includes 143km of rail, a new dry ore processing facility that can process…
Building approvals edged up 0.7% in May
Building approvals rose by 0.7 per cent in May as apartment growth ended a two-month run of declines. Approvals for private sector houses fell a seasonally adjusted 0.3 per cent in the month, but the “other dwellings” category that includes apartment blocks and townhouses, rose 1.2 per cent to lift the overall figure. Over the…
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…
