CommSec Daily Report Tuesday
Latest News A positive lead from Wall Street and strength in the materials sector has been unable to lift the local sharemarket substantially on Tuesday as we head towards lunch. The ASX 200 is currently 2 points higher at 6192. Weighing the most on local shares are losses for healthcare, IT and consumer staples. Materials are again…
SpaceX to launch test for resumption of manned US flights
SpaceX will try to send a dummy to the International Space Station this weekend in a key test for resuming manned US space flights, perhaps this year if all goes well.Since the shuttle Atlantis returned to earth on July 21, 2011, no American astronaut has blasted off from US soil for a tour in space.NASA…
Small business tax breaks reach parliament
The federal government’s plan to extend and lift the instant asset write-off for small businesses has been introduced to parliament. The draft laws will see the instant asset write-off for small businesses extended to June 30, 2020, and lifted to cover purchases of up to $25,000. ‘This bill will benefit small business by improving their…
US airlines still see higher profits but warn of shutdown delays
US airlines warned Thursday of significant travel delays if the US government shutdown goes on much longer, but signaled they still expect solid profits in 2019.Executives at American Airlines and smaller rivals Southwest Airlines and JetBlue Airways expressed frustration as the shutdown extended into its 34th day, a dynamic that has forced key airport officials…
Ex-Huawei exec arrested for espionage in Poland claims innocence
A Chinese former Huawei executive arrested in Poland for espionage has claimed he is innocent, according to a statement published by the Onet.pl news portal on Tuesday. The arrest was the latest setback for Huawei, which has also seen the arrest of the daughter of the firm’s founder in Canada and US efforts to blacklist the…
Rio Tinto hits iron ore output target
Mining giant Rio Tinto expects to produce more iron ore this year, after putting in a solid production performance in 2018 meeting expected output guidance. The global miner shipped 338.2 million tonnes of iron ore from its Pilbara operations in 2018, in line with full-year guidance. Both the production and shipment of iron ore in…
CommSec Daily Report Tuesday
Latest News Local shares are nudging higher after a slightly weaker performance yesterday as investor sentiment was dampened on weaker Chinese trade data and the concerns surrounding implications of the trade war on global economic growth. Wall Street also eased overnight on the Chinese data while US earnings kicks off this week.The ASX 200 is improving…
Samoa to receive additional economic support from ADB
It may turn out to be somewhat of a good thing that China and the West are vying for the attention of countries in the Asia Pacific region, as it means they are finding themselves in a better bargaining position when it comes to asking for financial support. This has been the case with others…
Shares in Havilah Resources resume trading
Shares in Adelaide mining company Havilah Resources have resumed trading on the ASX following a voluntary suspension so the company could retract statements on social media about an iron ore find. Havilah had asked for the trading halt on Monday after Havilah’s technical director gave optimistic interviews about the size of its recent iron ore…
Intelligence boss defends 5G security step
The head of Australia’s foreign intelligence and cyber security agency says it was a ‘foundational issue’ to get the security settings right for the nation’s 5G network and exclude high-risk vendors. A global debate has been sparked over the role of Chinese technology company Huawei’s expansion. In August, the Australian government informed Huawei and ZTE…
