Crown Resorts keeps its monopoly casino licence in Melbourne as the Victorian regulator makes its decision public, while the Australian share market is trading lower. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
S&P 500: -0.3% to 5,218 pointsSpot gold: Flat at $US2,172/ounceBitcoin: -1% to $US70,266Tax office criticised for resurrecting old debts
It has come as a shock to many taxpayers to have their debts resurrected, in some cases after more than a decade. The fashion retailer posted a near 1.7% rise in half-year net profit to $177.2 million and declared an interim dividend of 63 Australian cents per share. "We think the market is under-appreciating the roll-out potential for both brands," Citi analysts wrote.Australia's housing shortage is creating challenges for first-time homeowners and migrants but will continue to push prices higher, CEOs of two of the country's biggest banks said on Tuesday.
At the time of the royal commission, as she read the report, Ms Thorn thought: "Incredibly difficult to see how they can come back … but they did.""Suitability is not about perfection."Key EventCrown has addressed systemic failings from the royal commissionCrown's recognised that it needed a "comprehensive transformation plan"
Why? "Continued property weakness and modest macro policy support." Also the risk of reflation if consumption stays weak."Among developed economies, we forecast growth to pick up in trade-dependent ones such as South Korea, Taiwan, and Singapore; and. For Asian emerging market economies, we generally project robust growth, with India, Indonesia, the Philippines, and Vietnam in the lead".
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