• PICTURES: Samsung just showed off its FOLDABLE smartphone
    17 hours ago

    PICTURES: Samsung just showed off its FOLDABLE smartphone

    A whopping 1TB storage for the Galaxy S10's highest model.

  • Stocks Fall Amid Weak Economic Data; Bonds Decline: Markets Wrap
    Bloomberg37 minutes ago

    Stocks Fall Amid Weak Economic Data; Bonds Decline: Markets Wrap

    U.S. stocks drifted lower in thin trading, while Treasuries also declined as investors grappled with concerns about growth and the latest twists in global trade. The S&P 500 edged toward its first decline in four sessions after economic data in both Europe and U.S. came in below expectations, reigniting

  • U.S. stocks fall on weak economic view; oil, gold fall
    Reuters45 minutes ago

    U.S. stocks fall on weak economic view; oil, gold fall

    Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks. Signs of positive developments in U.S.-Sino trade talks and a possible

  • Australian Associated Press2 hours ago

    Wall St dragged down by healthcare stocks

    US stocks are down after Johnson & Johnson led a drop in healthcare shares and weak economic data put downward pressure on the market.

  • Reuters3 hours ago

    Swedish student leader wins EU pledge to spend billions on climate

    The European Union should spend hundreds of billions of euros combating climate change during the next decade, its chief executive said on Thursday, responding to a Swedish teen who has inspired a global movement of children against global warming. In a speech alongside 16-year-old Greta Thunberg

  • Reuters4 hours ago

    GLOBAL MARKETS-Shares retain gains, Aussie felled by rates and coal woes

    Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favourite Chinese proxy, the Aussie dollar, hitting the skids. A mixed bag of economic data ranging from disappointing

  • Reuters5 hours ago

    Swedish student leader wins EU pledge to spend billions on climate

    The European Union should spend hundreds of billions of euros combating climate change during the next decade, its chief executive said on Thursday, responding to a Swedish teen who has inspired a global movement of children against global warming. In a speech alongside 16-year-old Greta Thunberg

  • Reuters5 hours ago

    Newmont Mining profit beats on higher gold output, lower costs

    U.S. gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs. The company is set to overtake ...

  • Reuters6 hours ago

    FOREX-Euro edges higher after PMI data; Aussie falls

    The euro edged higher on Thursday after surveys showed business activity was surprisingly firm in February, particularly in France, while the Australian dollar fell after a Chinese port banned imports of the country's coal. "The euro's reaction highlights the heightened sensitivity

  • Purplebricks Plummets as Global Housing Slowdown Dims Outlook
    Bloomberg7 hours ago

    Purplebricks Plummets as Global Housing Slowdown Dims Outlook

    Purplebricks Group Plc fell by the most on record after the U.K. real estate broker pared its revenue forecast for the second time since early December and disclosed the unexpected departure of two top executives. The company, which has become the largest online broker in the U.K. by charging a fixed

  • Australian Associated Press7 hours ago

    Shares retain gains, $A whacked by rates

    MSCI's main Asia-Pacific index rose to a four-and-a-half month high on Thursday.

  • Reuters8 hours ago

    GLOBAL MARKETS-Shares retain gains, Aussie whacked by rates and coal woes

    Signs the United States and China were tackling some of the stickiest issues in their trade war kept world shares near a four-month high on Thursday, though it could not prevent a favourite Chinese proxy, the Aussie dollar, hitting the skids. MSCI's main Asia-Pacific index rose to a 4-1/2 month

  • The $32 Trillion Pushing Fossil Fuel CEOs to Act on Climate Change
    Bloomberg8 hours ago

    The $32 Trillion Pushing Fossil Fuel CEOs to Act on Climate Change

    Glencore made its decision after facing pressure from a shareholder network known as Climate Action 100+, which has the backing of more than 300 investors managing $32 trillion. The group was founded a little over a year ago, but has already extracted reforms from oil heavyweights, like BP Plc and Royal

  • China port bans Australian coal imports
    Australian Associated Press8 hours ago

    China port bans Australian coal imports

    The Aussie dollar has tumbled after customs at China's northern Dalian port has banned imports of Australian coal as relations simmer between the two countries.

  • Reuters9 hours ago

    Serco swims against outsourcing tide with bright 2019 outlook

    Britain's Serco raised its 2019 profit and revenue forecasts on Thursday, buoyed by a run of recent contract wins that mark a bright spot in a troubled outsourcing sector beset by what CEO Rupert Soames called "the fog of Brexit". Under Soames, a grandson of British wartime prime minister

  • Major Chinese Port Bans Australian Coal Imports, Report Says
    Bloomberg9 hours ago

    Major Chinese Port Bans Australian Coal Imports, Report Says

    China’s foreign ministry wouldn’t say if it was specifically targeting Australia, only that it regularly inspects coal imports for environmental reasons. The move may be a shot across the bows of Australia, which last year followed the U.S. in banning Chinese telecommunications giant Huawei Technologies

  • European Shares Steady as Trade Talks Advance; Barclays Jumps
    Bloomberg10 hours ago

    European Shares Steady as Trade Talks Advance; Barclays Jumps

    Barclays shares jumped as the British lender announced a buyback plan. Basic resources and travel stocks led declines, while real estate and utilities shares advanced the most. Telefonica SA rose after fourth-quarter results beat analyst estimates and the Spanish phone carrier sold some assets in Central

  • Reuters10 hours ago

    FOREX-Euro holds below 2-week high before survey data; Aussie falls

    The euro held below a two-week high on Thursday as investors waited for survey data to get a clearer idea on the outlook for the euro zone economy, while the Australian dollar fell after a Chinese port banned imports of the country's coal. A bunch of weak data since January has undermined support

  • Reuters10 hours ago

    Australia's Qantas to decide on future domestic fleet next year - CEO

    Qantas Airways Ltd will start the ball rolling on replacing its domestic fleet, including 75 Boeing 737s, toward the end of this year with a decision on the type and number of aircraft expected in 2020, its chief executive said. The Australian carrier's move will launch yet another contest

  • Aussie's Crazy Day Shows Why It's Most Volatile Major Currency
    Bloomberg10 hours ago

    Aussie's Crazy Day Shows Why It's Most Volatile Major Currency

    Less than an hour later, it sank when an influential economist at Westpac Banking Corp. said the central bank may cut rates twice. “There’s probably a lot of gut fear that this Dalian story goes beyond pure economics and and there may be worse things to come -- that’s just sparked even more volatility

  • Bloomberg11 hours ago

    Yildiz to Sell Godiva Asia-Pacific Licenses to MBK Partners

    The company, which also owns McVitie’s biscuits, will sell the licenses for Japan, South Korea, Australia and New Zealand to MBK Partners Ltd., it said in a statement. MBK will operate the licenses indefinitely. Yildiz will also sell Godiva’s Brussels production plant to MBK.

  • After Fed and Trade News, Spotlight on Indonesia: Taking Stock
    Bloomberg11 hours ago

    After Fed and Trade News, Spotlight on Indonesia: Taking Stock

    After Asia’s benchmark gauge climbed as much as 0.5 percent and U.S. equity-index futures extended their advance on reports the U.S. and China are working on multiple memorandums of understanding that would form the basis of a final trade deal, things were back to square one by 3:07 p.m. in Hong Kong

  • Housing Dream Turned Nightmare Spurs a Backlash in Australia
    Bloomberg11 hours ago

    Housing Dream Turned Nightmare Spurs a Backlash in Australia

    The main opposition Labor party has made tackling the growing gap between so-called baby boomers and millennials a key plank of its campaign to win office for the first time since 2013. The center-left party, which is leading Prime Minister Scott Morrison’s government in opinion polls, is pledging to

  • Australian Associated Press12 hours ago

    Banks, consumer stocks push ASX higher

    Australian shares have rebounded on the strength of the big banks and discretionary consumer stocks after Webjet Wesfarmers reported positive earnings.

  • Reuters12 hours ago

    FOREX-Dollar inches up after Fed minutes, Aussie felled by rates and coal woes

    The dollar inched up on Thursday after minutes from the Federal Reserve's last meeting revived expectations for a possible U.S. rate hike this year while the Aussie dollar skidded on policy easing expectatations and a Chinese ban on Australian coal. The greenback had risen slightly against the