Finance news you need to know today
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.
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.
WHEN some of the world’s richest investors decide to ditch stocks, it’s time to take notice. Every Aussie with a super fund needs to know about this.
FORGET the tech age, this insider trader used a classic spy film tactic to help perpetrate a $7.78 million scam.
THEY’RE the “unprecedented” sanctions against Chinese groups cashing in on cyber crime. But it’s what they’ll do to Australia that is frightening.
THE International Monetary Fund says the US Federal Reserve has the room to hold off raising interest rates for the moment.
THIS is the face of China’s market farce. Authorities paraded a journalist on state TV, where he issued a grovelling apology for causing the stock market crash.
THEY got him. Everyone can relax. A journalist has “confessed” to causing “panic” on China’s stock market and inflicting “huge losses on the country”.
THE market turmoil of recent days is likely to push the Australian dollar lower and could even spark another rate cut, as the ASX reversed well over half of its horror four per cent losses.
THERE is panic around the world as China’s ‘Black Monday’ gets blacker. Saul Eslake explains exactly how it came to this — and where to next.
BILLIONS have been wiped off global markets amid fears that China’s “Black Monday” could shatter the world’s economy.
THE global share market plunge has cost the world’s elite an average half a billion US dollars each — but don’t feel sorry for them yet.
GLOBAL markets suffered their worst day in four years with $3.3 trillion disappearing from the US stock markets as investors grow concerned over China.
IT was the hacking crisis that almost brought cheating website Ashley Madison to its knees. Now the site’s parent company is feeling the financial pinch.
THE stock market is bracing for heavy falls today after Wall Street had its worst day in 18 months, driven lower by another slump in Chinese shares.
IT’S the fifth-biggest population in the world, and is immensely important for business, politics, travel and education, but you’ve never heard its name.
SHANGHAI shares dropped 3.12 per cent by the break on Wednesday, extending their largest daily loss in more than three weeks.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/36