Finance news you need to know today
SOME people are going hungry and suffering immense psychological stress as they try to pay their power bills.
SOME people are going hungry and suffering immense psychological stress as they try to pay their power bills.
SOME of the Crown Resorts employees imprisoned in China on gambling charges, including two Australians, have been released.
A FREE-SPEECH group has sued US President Donald Trump for blocking Twitter users from his @realDonaldTrump account.
HOUSE prices have risen in most of Australia’s major capital cities while auction clearance rates have increased in all but two.
SPENCER Johnson, whose book Who Moved My Cheese sold 25 million copies and became a business and self-help phenomenon, has died.
SUNCORP says it has finalised over half the claims lodged by its customers after Cyclone Debbie, and more than 1500 home repairs have been completed.
GERMANY has stepped up its campaign against organised crime by spending $7.5 million to buy the so-called Panama Papers.
WOOLWORTHS’ sales turnaround is likely to happen at a faster pace than the market expects, analysts at investment bank UBS say.
THE cooling of the housing market in China will weigh on the economy during the second half of the year, credit rating agency Fitch warns.
BRITAIN will withdraw from an agreement that allows some other European countries to fish off its coast as it “takes back control” of fishing policy.
HUNDREDS of striking Greek sanitation workers have ended a 10-day strike as steaming mountains of garbage piled up across the country.
FACEBOOK is deleting about 66,000 posts a week as the social media giant cracks down on what it considers to be hate speech.
FISHING fleets dump about 10 per cent of the fish they catch back into the ocean in an “enormous waste” of low-value fish, scientists say.
BARNABY Joyce is telling European officials that Australia is not out to exploit Brexit or flood their markets with agricultural products.
THE banking lobby has slammed a surprise bank levy announced by the South Australian government, labelling it an “outrageous cash grab”.
YOWIE Group has again slashed its full-year revenue growth forecast despite exceeding expectations in its return to Australian supermarkets.
HOME prices across Australia’s capital cities have risen an average of 10.2 per cent in the year to March 2017, driven by Sydney’s strong property market.
PROPERTY prices have ticked slightly higher across most of Australia’s capital cities, although the auction clearance rate has stayed below 70 per cent.
THE grocery industry has been rocked by Amazon’s announcement that it will buy Whole Foods in a deal valued at about $18 billion.
CREDITORS of the embattled Ten Network will meet for the first time with administrators in Sydney within a fortnight as takeover rumblings continue.
THE communications union says Telstra workers were “ambushed” by the telco’s shock announcement that it will sack 1400 employees.
SPRINT has been fined $10,800 for allegedly tricking a consumer into believing it was an agent for Telstra and transferring them to its own service.
RAPPER and music producer Sean “Diddy” Combs has been named the world’s highest-paid entertainer, ousting pop singer Taylor Swift.
CYCLONE Debbie caused a sharper than expected fall in coal exports in April, which is likely to weigh on Australia’s economic growth.
UNITS in Murray Goulburn’s listed trust are at a fresh all-time low as investors continue to digest the dairy processor’s vaguely worded announcement.
BRITISH Foreign Secretary Boris Johnson sees no reason to cancel Donald Trump’s state visit to Britain for criticising London Mayor Sadiq Khan.
PRICE gains of Toronto homes slowed slightly in May in the wake of new housing rules aimed at cooling the market in Canada’s largest city.
THERESA May’s government says income tax would not rise for high earners in an apparent new promise to voters less than a week before the UK election.
US PRESIDENT Donald Trump has challenged Australia and other nations to come up with a better climate deal than the Paris accord.
SINGAPORE is now the world’s most digitally competitive country, according to an inaugural World Digital Competitiveness ranking.
GREECE denies a German newspaper report claiming it is considering opting out of receiving more bailout money if lenders can’t not agree on debt relief.
THERESA May says she’s ready to walk away from Brexit negotiations without a deal with the European Union if the agreement isn’t good enough.
GERMAN Chancellor Angela Merkel has urged European Union nations to stick together in the face of emerging policy divisions with the US.
PRESIDENT Donald Trump is asking Congress for $2.1 billion to begin building a wall along the border with Mexico.
DONALD Trump may “surprise” people when it comes to acting on climate change, says former vice president and environmental crusader Al Gore.
ISRAEL has expressed muted concern over a major arms deal between the United States and Saudi Arabia.
FOUR automakers have agreed to a $553 million settlement relating to nearly 16 million recalled vehicles with potentially defective Takata airbags.
THE Dow has notched its biggest fall since September 9 amid fears over Donald Trump’s alleged interference in an investigation.
FORD plans to cut 10 per cent of its salaried jobs in North America and Asia Pacific this year in an effort to boost profits.
BRITAIN may have to wait for every single one of its EU neighbours to give full legislative consent before it can benefit from any free trade deal.
GERMAN Chancellor Angela Merkel and French President Emmanuel Macron have agreed to draw up a road map to deeper European Union integration.
A REVIEW of Donald Trump’s tax returns from the past 10 years show no income from Russian sources outside of a few exceptions, his lawyers say.
LOWER sales have dragged down Macy’s profit during the first quarter as customers’ habits shift to more online shopping.
JAY Z’s fortunes jumped 30 per cent last year to give him an estimated net worth of $1.1 billion, but it was not enough to dethrone Sean “Diddy” Combs.
US STOCKS have surged to a record high, while Apple became the first US company to close with a market capitalisation above $US800 billion.
FRANCE’S future in the European Union seems a little more certain, with the pro-European Emmanuel Macron being elected president.
AUSTRALIA’S plain packaging tobacco law has been upheld at the World Trade Organization after a five-year legal battle.
FACEBOOK will add 3000 people over the next year to monitor reports of inappropriate material and remove videos such as murders and suicides.
APPLE has reported a surprise fall in iPhone sales, indicating customers held back in anticipation of the 10th-anniversary edition.
DONALD Trump is considering breaking up some US banks by resurrecting a Great Depression law that kept consumer and investment banks separate.
TAIWANESE electronics giant Foxconn, maker of Apple iPhones, has announced it’s in talks with the US government to boost investment there.
THE timing couldn’t be worse, but as Donald Trump prepares to mark 100 days in office, he is facing the prospect of a disastrous government shutdown.
A BAVARIAN start-up is developing a five-seat “flying taxi” after successful test flights over Germany of a smaller version of the electric jet.
BILL O’Reilly has blamed his sacking from Fox News on “completely unfounded claims” that have been levelled against him.
DONALD Trump will order federal agencies to look at tightening a temporary visa program used to bring high-skilled foreign workers to the US.
FRENCH centrist Emmanuel Macron is set to top the voting in the first round of France’s presidential election ahead of far-right leader Marine Le Pen.
THE elderly artist of Wall Street’s “Charging Bull” says the placement of the “Fearless Girl” statue made him “sick” and wounded his pride.
MORE than 30,000 people have marched in Pretoria calling on South African President Jacob Zuma to quit over his handling of the struggling economy.
THE sculptor of Wall Street’s famous “Charging Bull” has slammed the “Fearless Girl” statue as an “advertising trick” that violates his legal rights.
FRENCH centrist Emmanuel Macron and far-right leader Marine Le Pen have clung on as frontrunners in France’s tight presidential race.
THE Trump administration has scuppered efforts by the Group of Seven industrialised countries to reach a common stance on energy.
CHINESE state media is cheering the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.
THE leaders of the world’s two biggest economies, Donald Trump and Xi Jinping, have landed in Florida for a face-to-face meeting.
FACEBOOK is adding tools to make it easier for users to report so-called “revenge porn” and to prevent the images from being reshared.
BRITISH PM Theresa May must prove “no deal is better than a bad deal” by offering an economic assessment on the impact of leaving the EU.
UNEMPLOYMENT in the eurozone fell to a near eight-year low in February, adding to signs that the 19-member economy is gaining momentum.
THE Australian market looks set to open slightly higher, bucking the lead from Wall Street where stock fell dragged down by Exxon and JPMorgan Chase.
SIX environmental groups have filed a lawsuit against the Trump administration to challenge the controversial Keystone XL pipeline.
THE Danish branch of the ride-sharing service Uber is shutting down its services in Denmark due to a proposed law that toughens standards for cabs.
UK PRIME Minister Theresa May has told Scotland unity is crucial to Britain winning a good divorce deal from the European Union.
GERMAN Chancellor Angela Merkel’s conservative party have scored a convincing victory over their centre-left rivals in a state poll.
US AGENTS have obtained information about offshore transactions involving Donald Trump’s former campaign chairman, Paul Manafort.
AN AUSTRALIAN couple with roots in Alaska has broken a longstanding barrier to full foreign ownership of US radio stations.
UK PM Theresa May says a letter launching formal divorce proceedings with the EU will set the tone for Britain’s relationship with the rest of the world.
BILLIONAIRE David Rockefeller, patriarch of one of the most famous and influential American families, died on Monday aged 101.
UNITED Nations Secretary-General Antonio Guterres has warned against an abrupt cut to US funding for the world body.
THE UK’s unemployment rate has fallen to its lowest since the summer of 1975, with a record number of people in work.
BRITISH PM Theresa May will notify parliament later this month when she has triggered Article 50 to begin the formal Brexit process.
NORTHERN Ireland says it wants a referendum on splitting from the UK, hours after Scotland demanded a new independence vote.
ALPHABET’S self-driving car unit Waymo has added a new patent claim to its intellectual property lawsuit against Uber.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/30