American businesses in China see gloomy year ahead
US companies in China forecast a gloomy year ahead, with many worrying about a deterioration in bilateral trade ties and nearly a quarter delaying investments, a business survey showed Tuesday.The survey of 314 US businesses by the American Chamber of Commerce in China provided a full accounting of challenges American business face after Beijing and…
CommSec Daily Report Wednesday
Latest News After experiencing its best daily performance in more than 2 years and closing at four month highs, the Aussie market was easing slightly with the ASX 200 pulling back in early trade. The index has improved to be off its lows at lunch, and now back in positive territory, trading 15 points or 0.25%…
Germany expected to slash growth estimates for 2019
The German government is expected to significantly lower its economic growth forecast for this year, while betting on a resurge in 2020, the financial daily Handelsblatt said.The economy ministry, in an annual report due Wednesday, will forecast a GDP growth rate of 1.0 percent for 2019, down from an estimate of 1.8 percent a few…
Spotify releases feature to block specific artists
Spotify has stealthily released an option to mute certain artists on its mobile app, a much-requested feature that comes amid calls to remove music from artists like R. Kelly over abuse allegations.The new button, first reported by tech news site Thurrott, allows users of the streaming service to prevent any artist from automatically playing by…
Hong Kong set to adopt Open Banking
Hong Kong is set to be one of the first countries to fully embrace Open Banking. A survey by Accenture found that the concept is much more appealing to those in the autonomous region than it is to some of the major Western countries that have tried to introduce it. There have been talks about…
Petrol set to lift
Petrol set to lift; Credit cards in reverseWeekly Petrol Prices; Credit & debit cardsPetrol: According to data from the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 0.9 cents last week to a 17-month low of 121.2 cents a litre. The annual fall in petrol prices to January 13 stands…
CommSec Daily Report Wednesday
Latest NewsIt has been another solid start for the Aussie sharemarket, climbing for a third straight day as trade optimism boosts global markets. The ASX 200 is climbing 35 points or 0.6% to 5757.8 approaching lunch. Wall St provided a solid foundation as it lifted for a third straight day, the first three day winning…
Wall Street roars back to life in best session in 9 years
Wall Street stocks roared back to life on Wednesday, shaking off four straight routs following strong retail sales data and White House reassurances that Fed Chair Jay Powell won’t be fired.The Dow Jones Industrial Average finished up nearly 1,100 points, or about five percent, at 22,878.45. The broad-based S&P 500 also surged five percent to 2,467.70,…
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…
Minister rejects casual worker rip offs
Industrial Relations Minister Kelly O’Dwyer has dismissed claims casual workers are being denied a premium despite trading off leave and other entitlements. Australian Council of Trade Unions research has argued many casuals get between two and five per cent more than their permanent counterparts, rather than the usual 25 per cent loading. But Ms O’Dwyer…
