BusinessAustralian Associated PressWall St posts third quarterly loss
The S&P; 500 has closed the books on its steepest September decline in two decades, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.All three major indices veered to a sharply lower end on Friday, having quashed a brief rally early in the session.
BusinessAustralian Associated PressRuling on Telstra-TPG deal due in December
The competition watchdog has formed the preliminary view Telstra and TPG's spectrum-sharing agreement would improve regional coverage but it isn't ready to approve the deal.The Australian Competition and Consumer Commission said on Friday TPG and Telstra had agreed to give it a second extension to decide on the $1.
BusinessAustralian Associated PressEuropean stocks edge up, markets calmer
European stocks were a touch higher as government bond yields pulled back from recent peaks, while investors braced for euro zone inflation data later in the session.After a week of market turmoil in which recession fears sapped stocks and currency markets were rocked by dollar strength, Asian shares fell on Friday and were on track for their biggest monthly loss since the start of the pandemic in 2020.
