Australian shares tipped to start higher
The Australian share market is expected to tick higher on Tuesday but any gains could be short-lived ahead of the expected release of the final recommendations of the banking royal commission. The commission’s report is due to be handed to the federal government on Friday and publicly released soon after, although the exact timing is…
CommSec Daily Report Thursday
Latest NewsIn an uneventful start to the session, local shares have been treading water in the early part of trade on Thursday. The ASX 200 index traded in a tight range in the morning but is trading at its best levels approaching lunch, up 10 points or 0.2% higher to 5854.Improvements have been led by…
Labor looking at electoral funding reform
Labor leader Bill Shorten has repeated calls for a lower threshold on disclosing political donations amid reports his party is considering making sweeping changes to the system if it wins government. Under current arrangements, donors giving $13,000 and above must be identified but Labor wants the threshold dropped to $1000 which would match party rules….
Ghosn appeals against Japan bail rejection
Lawyers for former Nissan boss Carlos Ghosn on Thursday appealed against a decision by a Tokyo court to refuse him bail, as he faces charges on three counts of financial misconduct.Since his stunning arrest on November 19 the auto tycoon has languished in a Tokyo detention centre, facing questioning over allegations he under-reported his salary…
CommSec Daily Report Friday
Latest News Local shares are edging higher for a fifth straight day but the gains appear to be running out of steam to close out the week. The ASX 200 is lifting by 7 points or 0.1% to 5802 towards lunch and is looking to close around 3.2% higher for the past five sessions. This follows Wall…
Little progress on ending US shutdown
US House Speaker Nancy Pelosi says Democrats would pass new legislation to try to reopen parts of the government next week after talks between the Trump administration and Democratic negotiators failed to end a two-week partial government shutdown. President Donald Trump is demanding $US5.6 billion to build a wall along the US border with Mexico…
CommSec Daily Report Friday
Latest NewsLocal shares are giving up a portion of gains made over the past three sessions with the ASX 200 easing 49 points or 0.88% to 5612 around lunch on Friday. It was a mixed session on Wall St with stocks see-sawing throughout the US session as markets still digest developments in the ongoing US-China…
BlackRock confirms intentions to focus on Asia Pacific
BlackRock has announced that its Asia Pacific branch’s new Head and Chair will be Geraldine Buckingham. The US investment giant sought to promote from within as it looks to increase its market share in the region, which is rapidly becoming of interest for large funding. Disruptive tech is likely to shape much of the finance…
Facebook to launch independent body for calls on content
Facebook announced Thursday it is creating an independent body to make potentially precedent-setting calls on what content should be yanked from the social network.The announcement came as Facebook reported it has ramped up its ability to quickly detect ‘hate speech’ and other posts violating community rules, with the leading social network under pressure from regulators…
EU hopes fade for November summit to seal Brexit deal
EU officials on Tuesday poured cold water on hopes of holding a special summit this month to seal a Brexit divorce, saying talks have made some progress – but not enough.‘Clear that more work is needed in Brexit negotiations. We remain determined to reach a deal,’ the European Union’s chief negotiator Michel Barnier tweeted from…
