Finance news you need to know today
PAYPAL users can now send money to friends and family using just their voice, after the payment service announced it was to integrate into Apple’s Siri.
PAYPAL users can now send money to friends and family using just their voice, after the payment service announced it was to integrate into Apple’s Siri.
FINANCIAL forecasters are wiping egg off their faces after Donald Trump market meltdown warnings didn’t materialise, but experts caution there could be more volatility ahead.
STOCKS are moving solidly higher in midday trading on Wall Street following Donald Trump’s upset victory over Hillary Clinton in the US presidential election.
SCOTLAND will intervene against the UK’s central government in the legal battle over its formal divorce from the EU.
GLOBAL stock markets remain subdued ahead of the US election result, as investors prepare for the most turbulent trading session since Brexit.
THE British government is preparing legislation to trigger the procedure to leave the EU, despite a push to overturn a court decision that may delay Brexit.
US AUTHORITIES are recalling nearly three million Samsung washing machines following several reports of injuries, including a broken jaw.
HILLARY Clinton is holding onto her narrow lead over Donald Trump in the US presidential race just days ahead of the election.
SHUTTERED news website Gawker has reached a $40 million cash settlement with former wrestler Hulk Hogan over a leaked sex tape.
DONALD Trump’s odds are narrowing, and markets around the world are panicking. Strap yourselves in for Brexit 2.0.
BARACK Obama’s top Trans-Pacific Partnership negotiator has predicted the trade deal will be approved after next week’s presidential election.
SONY has downgraded its profit outlook to 60 billion yen from 80 billion yen estimated in July, due to losses related to the sale of its battery business.
PRODUCTION company Lionsgate has signed a deal with YouTube star Grace Helbig to develop films and TV series.
IT doesn’t have the most glamorous duties in the world, but nearly 10,000 people are vying for this receptionist job. Here’s why.
TWITTER says it will slash nine per cent of its global workforce as it embarks on a restructure of the business.
BOEING has reported third-quarter earnings of $2.97 billion, a 33.7 per cent rise, while Coca-Cola has reported third-quarter profit of $1.37 billion.
NEW Zealand has edged out Singapore as the easiest country for doing business in the World Bank’s latest rankings.
SYRIAN refugee children have been working in factories in Turkey making clothes for ASOS, an investigation has found.
TWITTER, Paypal, Netflix and Spotify were brought down by a massive cyber-attack on Friday, US-based DNS provider Dyn says.
CALIFORNIA regulators are mulling regulations that would allow self-driving cars that lack a steering wheel or pedals on public roads.
AUSTRALIAN diplomats have visited two citizens detained in Shanghai as part of a Chinese police probe into Crown Resorts.
ONCE Britain triggers its formal divorce from the EU by invoking Article 50, there is no going back, the British government’s top lawyer says.
THE South Korean government has started its own investigation to find the causes of the spontaneous combustions of the Samsung Galaxy Note 7.
EUROPEAN Council President Donald Tusk has raised the prospect that Britain might ultimately not leave the European Union.
MICHAEL Jackson has led an annual list of the top-earning dead celebrities for the fourth straight year, outstripping Prince and David Bowie.
SAMSUNG’S decision to recall Note 7s not only raises fresh doubts about the firm’s quality control but could result in huge financial and reputational costs.
GIVING the British parliament a vote to “second-guess” the Brexit “is not an acceptable way forward”, the prime minister’s office says.
BURNS surgeons are warning of the dangers of electronic cigarettes after treating a string of smokers injured by exploding devices.
BRITAIN’S Treasury chief has warned of turbulence in coming years as the country negotiates its exit from the European Union.
CHINESE cities have announced new restrictions on property purchases to try to cool soaring home prices stoked by property speculators.
POLICE in northern Germany say that a Tesla driver is blaming the car’s Autopilot after crashing into the rear of a bus on a highway.
DONALD Trump’s estimated net worth is $4.8 billion, $1 billion less than a year ago, largely due to New York’s softening real estate market.
A GROUP of US senators have ordered Yahoo to explain why the hacking of half a billion accounts two years ago only came to light last week.
APPLE has approached British Formula One team owner McLaren Technology Group for a strategic investment or a potential buyout.
BILLIONAIRE investor George Soros says he will spend more than half a billion dollars to meet the needs of migrants and refugees.
DONALD Trump could unleash a trade war and disrupt alliances with nations including “longtime ally Australia”, according to a US think tank.
PUERTO Rico’s government says it plans to install 200 slot machines at the island’s main international airport to boost revenues.
DONALD Trump says his plans to cut taxes, eliminate regulations and revamp US trade policy would create 25 million new jobs over a decade.
THE beginning of the end for lawyers? A new start-up uses artificial intelligence to read documents and speed up the legal process.
IT’S BEEN a long time coming, and perhaps a cause for celebration. So what is the Dow — and why should you care about its new record?
THE Dow and S&P 500 shot up to a new record this morning as global equity markets rallied again amid confidence in US economic strengthening.
TOBACCO giant Philip Morris International has lost a major plain packaging case, and it’s not where you might expect.
STOCK markets panicked and the pound plummeted as the Brexit vote unfolded. But everything is starting to bounce back.
BRITAIN could plunge into recession that would have a global knock-on effect if people vote to leave the EU, campaigners led by PM David Cameron have warned.
TOYOTA has been forced to suspend production at plants across Japan this week after earthquakes in the country’s south led to a shortage of parts.
HACKERS have stolen $106 million from the Bangladesh central bank’s US account, prompting the nation to seek FBI assistance to track down the cyber crooks.
IT’S been threatened for years, now the UK has introduced a sugar tax that could do billions worth of damage to Coca-Cola and others.
THE source of the Islamic State terror group’s enormous cash reserves has been revealed, and looting is only the beginning.
THE world’s most iconic front page could soon be very different. Time Magazine is considering a merger with a troubled tech giant, Bloomberg reports.
APPLE Inc has a new proposal it hopes will resolve the standoff with the FBI over encryption and data privacy.
EVERYTHING from cheap travel to global security could be up for grabs at crucial negotiations today, if you believe the experts. So how will Australia fare?
WALMART has reported an 8-per-cent decline in fourth-quarter earnings as the retailer prunes its global footprint.
WHAT do Coles, Woolworths, Aldi, Hyundai and Nestle have in common? They are all in the spotlight over this shameful secret.
HOPES of developing a vaccine against Zika have emerged, with an American pharmaceuticals company unveiling promising results in a trial.
AFTER luring in fighters with big salaries, baby bonuses, free energy drinks and Snickers bars, Islamic State has a bizarre new strategy for raising cash.
THE Reject Shop has turned its fortunes around, with a 43 per cent increase in profits reversing its decline.
WHEN a parliamentary committee asked this rich executive how much he earns in a year, his response left jaws hanging.
ITALIAN prosecutors are investigating several Google managers as part of a probe into the company’s suspected $360 million tax evasion.
A GROUP of investors engaged in insider trading have been caught out through their mutual friendship on Facebook.
THEY were promised strong returns, but investors have been left empty-handed after the spectacular collapse of a $10 billion Ponzi scheme.
CHINESE investors have embarked on another wave of panic selling overnight — and analysts warn there’s more pain to come.
WHILE regulars at the pub quietly sipped their pints, this American sat jabbering on his phone and tapping away on a laptop.
A TOP economist has warned the “manic depressive” nature of financial markets is creating a perfect storm for investors, that could have much worse to come.
IN A chilling note, one of the world’s top banks has outlined in no uncertain terms what kind of crisis the global economy is facing.
A FURNITURE store chain is set to recall almost 100,000 dining chairs after two people had part of their toes cut off by sharp metal edges..
IN DRAMATIC scenes at a Las Vegas gadget show yesterday, US marshals seized hoverboards from a Chinese manufacturer accused of copying its design.
IT took just 15 minutes for the Australian dollar to rise after earlier falling to a three month low as local markets respond to China’s trading halt.
INVESTORS plunged deeper into sea of red with the market shedding $87 billion of value over its four-day horror start to 2016 as China suspended trading for the second time.
VOLKSWAGEN boss Dr Herbert Diess hopes to put the troubled brand’s emissions scandal behind him very soon, with its engine fix submitted to regulators.
TRADING floors began the new year in chaos as Chinese stocks plummeted by seven per cent, wiping out global markets.
TRUSTED financial newspaper quickly apologised for tweeting the wrong story — but not before billions of dollars changed hands.
MOSCOW and Cairo have signed an agreement for Russia to build a nuclear power plant in Egypt.
ALDI has unveiled its latest $300 million strategy in the supermarket wars, while Coles launches a new move of its own.
THE Paris attacks have impacted on France’s finances, with security spending meaning the nation will not be able to meet its EU budget obligations.
BHP Billiton’s part-owned Brazilian mining company has promised to pay $366 million as compensation for its dam burst disaster, after dramatic protests.
UNITED States airlines are operating flights to Paris, but the terror attacks have left travellers wondering whether to cancel upcoming trips.
THE European Central Bank has put a dollar figure on how much more money Greek’s battered banks need in order to survive.
VOLKSWAGEN engineers admit to installing the pollution-cheating device, while the company launches a website for customers to check if they are affected.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/35