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Date:  Monday, 06 July, 2020  :: 05:20

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South32 ups resources estimate
pBHP Billitons spin-off South32 has raised the mineral resources estimate for its Cannington silver and lead mine in Queensland by 21 per cent. The company said the increase was due to changes in foreign ...p
Aust shares open higher
pa hrefhttpau.finance.yahoo.comnewsaust-shares-open-higher-232205433.html titleAust shares open higherimg srchttpl2.yimg.combtapires1.2qX3UFkurg.Hpx.kIhcUWyw--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AAP_ART_FTP_LIVE_120130107_ASK_800x600_original.jpg altAust shares open higher titleAust shares open higher width70 height70 alignleft border0 aThe Australian share market has opened higher. At 1010 AEST on Tuesday the benchmark SPASX200 index was up 43.6 points or 0.86 per cent at 5109.8 while the broader All Ordinaries index was up 42.6 ...p
Change in PM boosts confidence
pA change in prime minister has helped boost consumer confidence. The ANZRoy Morgan weekly consumer confidence index rose 8.7 per cent the week Malcolm Turnbull became PM bouncing back from three weeks of falls. ANZ chief economist Warren Hogan said the change in prime minister was the most likely reason for the surge in confidence.p
VW chief 'sorry' for emission test rigging
pThe chief executive of Volkswagen has apologised and VW customers say they feel duped after the Environmental Protection Agency revealed that the German carmaker skirted clean air rules by rigging emissions tests for about 500000 diesel cars. I personally am deeply sorry that we have broken the trust of our customers and the public Volkswagen chief Martin Winterkorn said in a statement. The EPA on Friday said VW used software that allowed its diesel cars to release fewer smog-causing pollutants during tests than in real-world driving conditions.p
Labor urges RBA wait on bank fee changes
pa hrefhttpau.finance.yahoo.comnewslabor-urges-rba-wait-bank-000207126.html titleLabor urges RBA wait on bank fee changesimg srchttpl.yimg.combtapires1.2t2FWyPW5j8Qj_Jal1FVwjA--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AAP_ART_FTP_LIVE_122Sept_RBA_1280x720_original.jpg altLabor urges RBA wait on bank fee changes titleLabor urges RBA wait on bank fee changes width70 height70 alignleft border0 aThe Reserve Bank is being urged to delay making any recommendations about bank interchange fees until a Senate committee has finalised its inquiry into credit card interest rates. Labor senator Sam Dastyari ...p
Most Alaskans to get record $US2,072
pOil prices are so low that they are hovering at benchmarks not seen in years plunging oil-dependent Alaska into a crippling budget deficit. This years payout will be a record US2072 A2904.20 for nearly every man woman and child who lives in the 49th state. A. After the discovery of oil on Alaskas North Slope a permanent fund was established in 1976 so all generations of Alaskans could benefit from the riches of the states natural resources.p
GST hike can't pay for everything: Bowen
pOpposition treasury spokesman Chris Bowen says it is unrealistic to consider lifting the GST as the linchpin of widespread tax reform as it wont be enough to pay for measures to boost Australias sluggish economy. Mr Bowen says increasing GST revenue has been touted as a way of paying states health costs cutting personal income tax abolishing stamp duty reducing corporate tax or improving the federal budget bottom line.p
New Hope upbeat about coal outlook
pNew Hope has dropped into the red with a full year loss of 21.8 million but boss Shane Stephan says the long-term outlook for high-quality Australian coal remains positive. More than 73 million in impairment and other charges dragged New Hope into the red for the year to July 31 compared to a 58.45 million profit the previous year. Mr Stephan said that while a recovery in global coal prices is likely to be gradual and some time away the longer-term outlook remained positive.p
Xi to nurture pro-China allies on US trip
pChinese President Xi Jinping makes a high-profile state visit to the White House this week but stops first in Washington state to shore up support among skittish allies especially big business. A 21-gun salute will ring out from the South Lawn of the White House the staff will break out the new Kailua blue state china and if you believe many analysts little else will happen when Xi meets President Barack Obama later this week. The summit will probably end up with some useful conflict avoidance or reassurance agreements but no fundamental progress on the core problems on the security side said Michael Green a former National Security Council official now at the Centre for Strategic and International Studies.p
Low doc loans 'thriving' again: Canstar
pLow doc home loans all but dried up after the global financial crisis but Canstar says the sector is thriving again. Canstar research manager Mitchell Watson says low doc borrowers face higher ...p
Internet provider TPG lifts profit 31%
pa hrefhttpau.finance.yahoo.comnewsinternet-provider-tpg-lifts-profit-224321 453.html titleInternet provider TPG lifts profit 31img srchttpl1.yimg.combtapires1.2Y6exy_I6vTXVpiE7hYVpdA--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AAP_ART_FTP_LIVE_13052019_22Sept_TPG_1280x720_original.jpg altInternet provider TPG lifts profit 31 titleInternet provider TPG lifts profit 31 width70 height70 alignleft border0 aTPG Telecom has lifted full-year profit 31 per cent to 224.1 million after reaping the benefit of the previous years acquisition of AAPT. Earnings before interest tax depreciation and amortisation for the year to July 31 were up 33 per cent to 484.5 million driving up net profit from last years 171.7 million. TPG is Australias second biggest fixed-line internet provider behind Telstra following this months 1.6 billion takeover of iiNet which will be reflected in next years results for which the company declined to issue guidance.p
Aust bonds weaker on US rate hike hopes
pThe Australian bond market is weaker after comments from a US Federal Reserve official boosted confidence in the US economy. The Fed last week held off on raising its interest rate but Federal Reserve ...p
Stocks to watch on Tuesday
pStocks to watch on the Australian stock exchange on Tuesday Sept 22 NHC - NEW HOPE COAL New Hope Coal is expected to post full year results. TPM - TPG Telecom TPG Telecom is expected to post full year ...p
Commodities markets summary
pOil prices sank along with the euro after the European Central Bank forecast that the eurozone would continue to contract next year and only return to growth in 2014.p
World News Update, What you need to know
pHackers have infiltrated the vaunted Apple ecosystem by injecting malicious software into popular Chinese mobile apps potentially affecting hundreds of millions of users. ELSEWHERE LONDON - A new biography ...p
$A falls on US rate hike hopes
pThe Australian dollar has fallen to a one-week low after a US Federal Reserve official confirmed that an interest rate rise is still on the cards. At 0700 AEST on Tuesday the local unit was trading at ...p
Finance News Update, what you need to know
pa hrefhttpau.finance.yahoo.comnewsfinance-news-know-202612850.html titleFinance News Update what you need to knowimg srchttpl2.yimg.combtapires1.2YCHmDTWNvTJXhubEbVlnqg--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AAP_ART_FTP_LIVE_12379515_MonJul7_ChristineLagarde_1280x720_original.jpg altFinance News Update what you need to know titleFinance News Update what you need to know width70 height70 alignleft border0 aWORLD FINANCE UPDATE The Australian dollar is lower losing ground after a US Federal Reserve official confirmed that a rate rise is still on the cards. At 0630 AEST on Tuesday the local unit was trading ...p
International markets roundup
pA roundup of trading on major world markets NEW YORK - The Dow and SP 500 have rallied to recover some of the prior sessions losses but gains were minimal on the tech-rich Nasdaq due to weakness among ...p
Australian market set to open higher
pa hrefhttpau.finance.yahoo.comnewsaustralian-market-set-open-higher-2126139 56.html titleAustralian market set to open higherimg srchttpl3.yimg.combtapires1.2Dol.dE_11Zd.c3ZA4PRLUQ--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AAP_ART_FTP_LIVE_1Oct26markets_preview_1280x720_original.jpg altAustralian market set to open higher titleAustralian market set to open higher width70 height70 alignleft border0 aThe Australian market looks set to open higher after the Dow Jones Industrial Average and the SP 500 rallied and European stocks lifted. At 0645 AEST on Tuesday the September share price index futures ...p
$A lower on Fed hike hopes
pThe Australian dollar is lower losing ground after a US Federal Reserve official confirmed that a rate rise is still on the cards. At 0630 AEST on Tuesday the local unit was trading at 71.35 US cents ...p
Hotel chain considers Tunisia pullout
pA leading Spanish hotel operator is considering pulling out of Tunisia after extremist attacks that killed 59 tourists and devastated the countrys tourism industry. RIU said in a statement on Monday that it is in talks with owners of the nine properties it currently operates in Tunisia about their future. RIU operated the Imperial Marhaba Hotel targeted in a deadly attack on the Mediterranean resort town of Sousse in June.p
Spain central bank warns against Catalan independence
pa hrefhttpau.finance.yahoo.comnewsspain-central-bank-warns-against-01275764 5.html titleSpain central bank warns against Catalan independenceimg srchttpl3.yimg.combtapires1.2gksrUqMFqU6cdmXFn3Cvmw--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_1fc8b0d7688de937af575cf4ebd46158eade0415b_original.jpg altSpain central bank warns against Catalan independence titleSpain central bank warns against Catalan independence width70 height70 alignleft border0 aSpains central bank on Monday warned of financial risks from the Catalonia regions potential secession from Spain days ahead of an election there framed as an indirect vote on independence. Bank of Spain governor Luis Linde said Catalonia would drop out of the eurozone if it broke away from Spain and would lose access to credit from the European Central Bank. Nationalist leaders in Catalonia have vowed to declare independence within 18 months if they win the vote on September 27.p
German auto giant Volkswagen slams into huge false emission scam
pa hrefhttpau.finance.yahoo.comnewsgerman-auto-giant-volkswagen-slams-031636 122.html titleGerman auto giant Volkswagen slams into huge false emission scamimg srchttpl.yimg.combtapires1.2.lUGCHlC4VSc8XUy1u.vOw--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_13b375566cc3d9e59c1a5695f006802d90df694cb_original.jpg altGerman auto giant Volkswagen slams into huge false emission scam titleGerman auto giant Volkswagen slams into huge false emission scam width70 height70 alignleft border0 aGerman auto giant Volkswagens shares plummeted nearly 20 percent Monday as investigations spread into revelations that hundreds of thousands of its diesel cars have software that secretly thwarts US pollution tests. Volkswagen the worlds largest automaker by sales in the first half of this year said it had halted all diesel vehicle sales in the United States during a probe into the scandal which could lead to fines of more than 18 billion 16 billion euros. In addition to the environmental fines US authorities have reportedly launched a criminal investigation into the company.p
US and India begin high-level commercial talks
pa hrefhttpau.finance.yahoo.comnewsus-india-begin-high-level-134945642.html titleUS and India begin high-level commercial talksimg srchttpl1.yimg.combtapires1.2WHfSsyGzEIU0lNA127ewvQ--YXBwaWQ9eW5ld3Nf bGVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_A NZ_AFP_ART_FTP_LIVE_1223eccb9f6344d74288fa53c8527fb0679a62c2e_original.jpg altUS and India begin high-level commercial talks titleUS and India begin high-level commercial talks width70 height70 alignleft border0 aSenior officials from the worlds two biggest democracies India and the United States launched a high-level strategic and commercial dialog on Monday ahead of a US visit by Prime Minister Narendra Modi. Trade in goods and services between the two powers amounted to more than 100 billion last year but Modis administration hopes to rapidly multiply this by five while attracting US inward investment. Indias economy has developed rapidly in recent decades dragging tens of millions of people out of poverty but services have far outstripped manufacturing and the government is seeking US capital and technology.p
CD sales plummet in US as streaming rises
pa hrefhttpau.finance.yahoo.comnewscd-sales-plummet-us-streaming-133742114.h tml titleCD sales plummet in US as streaming risesimg srchttpl.yimg.combtapires1.2L2_gftPFRKeGmy_pixii0w--YXBwaWQ9eW5ld3Nfb GVnbztmaT1maWxsO2g9NzA7cT03NTt3PTcwhttpglobalfinance.zenfs.comimagesFIN_AN Z_AFP_ART_FTP_LIVE_1ad9f7e578079b1c8704dcf4b6d6ce4580176cb5c_original.jpg altCD sales plummet in US as streaming rises titleCD sales plummet in US as streaming rises width70 height70 alignleft border0 aRevenue from full-length CDs which long dominated the industry fell by 31.5 percent in the six months through June compared with a year earlier to 494.8 million the Recording Industry Association of America said.p

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