Finance news you need to know today
DONALD Trump could unleash a trade war and disrupt alliances with nations including “longtime ally Australia”, according to a US think tank.
HERE are eight things making news in business and finance today.
1. SYDNEY — The Australian dollar is unchanged as global investors wait for key central bank decisions on interest rates in Japan and the US. At 0700 AEST on Tuesday, the local unit was trading at 75.33 US cents, virtually unchanged from 75.34 cents on Monday.
2. SYDNEY — The Australian market looks set to open flat following a troublesome day on the exchange with the ASX suffering technical hitches that seriously interfered with trading. At 0645 AEST on Tuesday, the share price index was down three points at 5,266.
3. NEW YORK — Former New York mayor Michael Bloomberg says there is no more important legislation to the US than passing the Trans-Pacific Partnership.
4. NEW YORK — US Treasury Secretary Jack Lew is optimistic Congress will sign off on a major 12-nation trade deal, Prime Minister Malcolm Turnbull says.
5. NEW YORK — Malcolm Turnbull and US Treasury Secretary Jack Lew have discussed the Australian economy during a 30-minute phone hook-up.
6. LOS ANGELES — Donald Trump as US president could unleash a trade war, plunge the US economy into recession and disrupt alliances with nations including “longtime ally Australia”, according to new analysis by a Washington DC-based think tank.
7. NEW YORK — Confidence among US home builders has surged to the highest level in nearly a year, reflecting a brighter outlook for sales now and into 2017.
8. BEIJING — Samsung’s smartphone problems has expanded to China’s populous market, where the South Korean tech giant was looking into reports two Galaxy Note 7 handsets exploded.