Finance news you need to know today
AMAZON shares have fallen 6 per cent after President Donald Trump again attacked the online retailer over delivery pricing.
THE Australian share market is expected to open lower after the major Wall Street stock indexes fell around two per cent, led by falls in technology stocks.
The Australian share price futures index last traded early on Friday morning before the Easter long weekend, ending 10 points, or 0.17 per cent higher, at 5,746.
The Australian dollar on Tuesday morning, followed US stocks lower.
At 0700 AEST, the local currency was worth 76.62 US cents, down from 76.79 US cents on Thursday.
WORLD FINANCE UPDATE:
NEW YORK — Shares of Amazon.com Inc have fallen 6 per cent after US President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.
WASHINGTON — The Trump administration this week will unveil a list of advanced technology Chinese imports targeted for US tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economies.
WASHINGTON — US factory activity slowed in March amid shortages of skilled workers and rising capacity constraints, but growth in the manufacturing sector remains underpinned by strong domestic and global economies.
LOS ANGELES — Facebook chief executive Mark Zuckerberg has acknowledged in a new interview with Vox that it will likely take years for his company to fix problems related to election meddling, privacy violations and other ways it has negatively impacted society.
TOKYO — Confidence among large Japanese manufacturers edged down in March for the first decline in two years amid fears of protectionism and a stronger yen, a Bank of Japan quarterly survey shows.
WASHINGTON — Apple is planning to replace Intel processors in Mac computers with chips it designs itself beginning as early as 2020, Bloomberg News reports.
THURSDAY HIGHLIGHTS:
NINE ENTERTAINMENT — Nine Entertainment has snatched Australian tennis broadcasting rights from long-term holder Seven Network for $60 million per year, in the latest plot twist in the current sports rights negotiations.
MAGELLAN — Magellan has quit its naming rights deal with Australian Test cricket, calling the ball-tampering scandal “inconsistent with our values”.
JOB VACANCIES — The number of job vacancies in Australia has continued to climb, with new official data showing a concerted rise in job opportunities in both the private and public sectors.
STAR ENTERTAINMENT — Casinos operator Star Entertainment Group says its deeper strategic alliance with two Hong Kong property, hotel and retail giants is transformative for the company because it will help attract more visitors from key markets in Asia.