Australian shares are set to open down after Wall Street’s rally stalled. Philip Lowe, Jerome Powell in focus this week. Chinese steel mills prep for next year.
The government is preparing to give the ACCC new powers to arbitrate pricing disputes, and the RBA and ASIC the ability to order ASX to fix governance oversights.Overseas data: UK nationwide house prices November; US Dallas Fed manufacturing index NovemberOn Wall St: Dow +0.5% STesla -0.2% Apple -2% Amazon -0.8% Alphabet -1.2%Brent crude -2% to $US83.63 a barrelUnited States
Holt said a key issue is the extent to which companies have a surplus of inventories and the potential for deep discounting to be disinflationary at least in the near term.Credit Suisse Group fell to a fresh record low as investors weighed the impact of the massive outflows the bank reported this week and news that rivals in the key growth market of Asia are benefiting from the Swiss firm’s troubles.
The statement, which confirmed a Bloomberg News report, didn’t disclose deal terms. KKR is valuing the asset being sold by CVC Capital Partners at about €2.3 billion, people with knowledge of the matter said.“Why? Its price has already dropped 15 per cent since its war-related spike in March, quickly offset by the US Fed’s launch of its inflation-targeting rate hike cycle.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘A gentle calm’: France’s streets once again echo to sound of working horsesTowns say they are not driven by nostalgia as they opt for horsepowered bin collections and school runs
Read more »
How Four Corners uncovered the use of controversial 'folding up' restraint in West Australian youth detentionJournalist Grace Tobin gives an insight into the challenges of producing the Four Corners program Locking Up Kids, which investigated the treatment of youth at Western Australia's Banksia Hill facility.
Read more »
Foreign owners of failed Australian coal mine seek almost $1 billion in 'incompetence tax'The giant Indian bank behind a failed coal mine at the centre of WA's growing energy crisis is seeking almost $1 billion to walk away from its disastrous position.
Read more »
How Australian sport is combatting 'alarming' period poverty prevalenceThe Cygnett Women&x27;s National Basketball League (WNBL) has partnered with the national charity Share the Dignity to raise awareness about period poverty in Australia.
Read more »
How Australian sport is combatting 'alarming' period poverty prevalenceThe Cygnett Women&x27;s National Basketball League (WNBL) has partnered with the national charity Share the Dignity to raise awareness about period poverty in Australia.
Read more »
The Australian suburbs where more than half of properties will be uninsurable by 2030Australia’s ‘unraveling’ climate risk leaving more homes uninsurable against flooding, expert warns
Read more »