Ten sale bad news for rivals
THE sale of the Ten Network to US media giant CBS would likely cause havoc for rival broadcasters Seven and Nine.
World Markets
Warning for gig economy workers
WORKERS in the “gig economy” driving for Uber or doing odd-jobs on Airtasker could be in for a rude shock down the line.
AGL firms on gas and renewables
AGL Energy has sent a strong signal that its ageing Liddell coal-fired power plant is unlikely to operate beyond 2022.
Aussies spending on ‘experiences’
MORE Australians are splashing out on “meaningful experiences” such as concerts and dining rather than retail, according to NAB.
Myer’s poor performance slammed
AN ANGRY Solomon Lew has slammed department store Myer over old stock that “belongs in the Salvation Army”.
Uber fights for London licence
UBER is prepared to make concessions as it seeks to reverse a decision by London authorities not to renew its licence in the city.
Warning of manufacturing wipe-out
AUSTRALIA could lose a significant chunk of its manufacturing sector if energy costs don’t come down, a leading investment firm says.
Apartment price growth stalls
HOUSE price growth is outpacing growth in apartment prices, a trend expected to continue as more units come onto the market.
Mortgage arrears hit five-year high
AUSTRALIAN mortgage arrears have hit their highest rate in five years and are set to increase, according to new data.
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GLOBAL debt has been massively under-reported by accounting practices that overlook about $16 trillion worth of foreign exchange derivatives, the BIS says.
Myer boss cops $150,000 pay cut
MYER boss Richard Umbers has taken a $150,000 pay cut after the department store chain’s profit fell by 80 per cent.
Meatpacker whacked by police
BRAZIL’S federal police have detained the chief executive officer of JBS SA, the world’s largest meatpacker.
SA campaign kills Bell Pottinger
BELL Pottinger’s British arm has collapsed after the global PR agency ran a racially-charged political campaign in South Africa.
China set to ban petrol cars
CHINA is joining France and Britain in announcing plans to end sales of petrol and diesel cars in favour of electric technology.
Booze giants ‘use tobacco tactics’
THE alcohol industry uses denial, distortion and distraction to mislead people about the risks of developing cancer, a study says.
Ultra-thin models get the boot
TWO of the world’s biggest luxury goods conglomerates say they want to make those who are unhealthily thin ineligible to work.
China hits back at Korea threat
CHINA says Donald Trump’s threat to cut off trade with countries that deal with North Korea is unacceptable and unfair.
Retailers hope to feel the Force
AUSTRALIAN retailers are looking to a galaxy far, far away for a much-needed to boost to their bottom line.
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THE Trump administration has selected four construction companies to build concrete prototypes for the Mexico border wall.
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DONALD Trump has turned his populist rhetoric to tax reform, calling for “pro-American” business tax cuts as a way to create jobs.
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CABCHARGE has posted a $91 million full-year loss as it resets its operation in the face of growing competition from ride sharing giant Uber.
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THE oldest white supremacist site on the internet has been shut down after a complaints that it promoted hatred, racism and violence.
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FORMER GE boss Jeffrey Immelt has taken himself out of the running to lead Uber as the company seeks to overcome its ethical scandals.
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SALES growth at David Jones has slowed amid a decline in consumer spending and due to a poorly received private label clothing range.
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WALMART is diving into voice-activated shopping with Google to offer hundreds of thousands of items through Google Assistant
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AUSTRALIA’S biggest dairy processor, Murray Goulburn, has posted full-year loss of $371 million amid plummeting milk supplies.
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CHINA has expressed “strong dissatisfaction” with the US launch of an investigation into China’s alleged theft of US intellectual property.
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BEVERAGE giant Coca-Cola Amatil says it will recover costs of NSW’s new container deposit scheme from customers by raising prices.
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TELSTRA shares have plunged to a five-year low after the telco cut future dividends to build up a war chest to protect its massive market.
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AFTER an embarrassing exodus of business leaders, US President Donald Trump has been forced to disband two of his key advisory groups
Original URL: https://www.news.com.au/finance/markets/world-markets/page/32