Surprise May jump in home loan approvals
A surprise rise in home loan approvals in May is a welcome reprieve from recent falls, but major headwinds remain, according to economists. The number of home loan approvals for owner occupiers increased 1.1 per cent on a seasonally adjusted basis in May, ahead of market expectations of a 2.0 per cent fall. JPMorgan analyst…
Improving the relationship between grant makers and grant seekers
What are the policies and processes that govern grant choices? What does best practice mean for Australian philanthropists? How well do they really understand the needs of the organisations they fund? These questions were at the core of research carried out by the Asia Pacific Social Impact Centre at Melbourne Business School, as part of…
CommSec Daily Report Wednesday
Latest newsAussie shares are off to a better start on Wednesday despite an uninspiring mixed finish on Wall Street and slightly firmer than expected economic growth data. The ASX 200 index is up 0.38 per cent and is being led higher by gains from materials and held back most by losses from the banks.While this…
Cambridge Analytica to wrap up operations
Cambridge Analytica, the beleaguered data collection agency that worked for President Donald Trump’s 2016 election campaign, is liquidating existing operations. The British firm filed for Chapter 7 bankruptcy protection late on Thursday. Cambridge Analytica LLC listed assets in the range of $US100,001 to $US500,000 and liabilities in the range of $US1 million to $US10 million….
Orora maintains eye on FY earnings gain
Paper and packaging company Orora has maintained its view that it expects higher earnings for 2018, subject to global economic conditions. The packaging and recycling firm said on Friday that subject to global conditions, constant currency earnings for the full year will be higher than 2017 – repeating guidance given at its half-year results in…
CommSec Daily Report Friday
Latest NewsUS market tumbled overnight following President Trump’s signing of a memorandum to order US$60 billion worth of tariffs on Chinese exports to the US. The US trade deficit with China was US$375 billion in 2017. The US Trade Representative (USTR) now has 15 days to come up with a proposed list of products that…
Building Approvals Surge
Building approvals at record highsBuilding approvals; Consumer sentiment; Job advertisementsDwelling approvals: Approvals by local councils to build new homes rose by 11.7 per cent in November after falling by 0.1 per cent in October. It was the strongest monthly outcome in 12 months. In trend terms, approvals rose for the tenth straight month, up by…
China worries send Wall Street tumbling
Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported. Oil prices fell nearly 1.0 per cent on Friday, and have now seen the longest stretch of daily declines since 1984,…
First music festival turns to blockchain
A music festival will for the first time run on blockchain, tapping the fast-growing technology as an innovative way to address longstanding issues such as ticket scalping and fan engagement. Called the OUR Music Festival, or OMF, the inaugural edition will take place on October 20 in San Francisco’s Civic Center Plaza with a lineup…
US Senate confirms Jerome Powell as next Fed chairman
The US Senate on Tuesday confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump’s pick in a role of enormous influence over the world’s largest economy. Powell, a current Fed governor, was confirmed by a vote of 85-12, paving the way for him to replace current Chair Janet…
