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Stocks fall as Trump issues higher tariff threat

Stocks fall as Trump issues higher tariff threat

Stocks fell two or more percent Friday before President Donald Trump made good on a threat to escalate the trade war between the U.S. and China by jacking up planned tariffs on Chinese-made goods in retaliation for Beijing's threat of new tariffs. C
Reuters
Week ahead on Wall Street

Week ahead on Wall Street

Earnings reports and economic data out next week will capture the health of the American consumer who is driving the U.S. economy.
Reuters
Wall Street sinks on trade tensions

Wall Street sinks on trade tensions

Wall Street tumbled Friday after the U.S.-China trade war escalated sharply, with President Donald Trump demanding that U.S. companies seek alternatives to doing business with China after Beijing announced its own retaliatory measures.
Reuters
Oxfam climate protests on eve of G7 summit meeting

Oxfam climate protests on eve of G7 summit meeting

Oxfam held a climate change protest on the eve of the G7 summit in Biarritz, as world leaders put pressure on Brazil to do more to save the amazon rainforest from wildfires.
Reuters
Powell reassures Fed will defend U.S. economy

Powell reassures Fed will defend U.S. economy

Federal Reserve Chairman Jerome Powell used a highly-anticipated speech to hint the Fed will cut interest again to ensure the U.S. economy continues to grow but offered little clues on when the next cut will come. Conway G.
Reuters
Weekend strike at Barcelona airport cancels at least 124 flights

Weekend strike at Barcelona airport cancels at least 124 flights

Spain's largest airline, Vueling, has canceled 112 flights scheduled for Saturday and Sunday because of a strike by ground staff at Barcelona's El Prat airport..
Reuters
China strikes back with new tariffs on U.S. goods

China strikes back with new tariffs on U.S. goods

China unveiled on Friday retaliatory tariffs against about $75 billion worth of U.S. goods, putting an additional 10% on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world’s top two economies.
Reuters
Government Scraps Higher Surcharge On Foreign Investors As Announced In Budget

Government Scraps Higher Surcharge On Foreign Investors As Announced In Budget

Finance Minister Nirmala Sitharaman on Friday announced the government's decision to scrap the higher tax surcharge on foreign portfolio investors (FPIs). An increase in the effective surcharge on the super rich implemented as part of the Finance ...
NDTV
Angel Tax Provisions For Start-Ups Removed, Says Finance Minister

Angel Tax Provisions For Start-Ups Removed, Says Finance Minister

Finance Minister Nirmala Sitharaman today made a number of announcements to revive economic growth as the country faces a slowdown. At a press brief, she said India's growth rate is "higher than everybody else" and "more than US and China. Ms Sith...
NDTV
Industrialist David Koch dies, aged 79

Industrialist David Koch dies, aged 79

Following declining health, David Koch, industrialist and philanthropist has died at age 79.
Reuters
Finance Minister Briefs Media On The State Of The Economy

Finance Minister Briefs Media On The State Of The Economy

Finance Minister Nirmala Sitharaman addressed a press conference on the state of the Indian economy amid a slowdown. Job losses have been reported in various sectors following a slowdown. The worst hit is the auto sector, where thousands of job lo...
NDTV
Quantum cyber-attacks are coming, scientists say

Quantum cyber-attacks are coming, scientists say

Quantum supercomputers are on the way, scientists say, but they'll herald hacking risks as well as huge advances. They're developing ways to keep data safe against high-level hacking, using surprisingly old-fashioned means.
Reuters
India's Growth Rate Higher Than US And China, Says Finance Minister

India's Growth Rate Higher Than US And China, Says Finance Minister

Finance Minister Nirmala Sitharaman said India's growth rate is "higher than everybody else" and "more than US and China while addressing a press conference today on the state of the economy of the country. The press brief comes amid expectations ...
NDTV
Shares in Peppa Pig owner rise past Hasbro offer

Shares in Peppa Pig owner rise past Hasbro offer

Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.
Reuters
China's duck farmers cash in on pork crisis

China's duck farmers cash in on pork crisis

African swine fever is decimating China's pig herds, bad news in a country where pork accounts for more than 60% of the meat consumed. But the crisis is making room for another industry: poultry.
Reuters
ASX claws back, IT sector up 7% this week: Aus shares close 0.3% higher Friday, 1.8% up on week

ASX claws back, IT sector up 7% this week: Aus shares close 0.3% higher Friday, 1.8% up on week

23 Aug 2019 - Aussie market gains 1.8% on week as Info Tech sector rises 7%, Energy gains 5.5%. Sims Metal Management Limited (ASX:SGM) shares hit 4-week high on FY19 revenue rising. Mayne Pharma (ASX:MYX) shares hit 6-week high on gross profit up...
Finance News Network
5mins
"Investor Confidence At A Historic High": NR Narayana Murthy

"Investor Confidence At A Historic High": NR Narayana Murthy

Infosys co-founder NR Narayana Murthy said on Thursday that the Indian economy is growing at 6-7 per cent this year and "investor confidence is at a historic high", news agency ANI reported. "India has become the software development centre of the...
NDTV
Unprecedented Situation For Government In 70 Years: Rajiv Kumar

Unprecedented Situation For Government In 70 Years: Rajiv Kumar

Describing the current economic downturn as an "unprecedented situation", Niti Aayog Vice Chairman Rajiv Kumar said, "From last 70 years (we) have not faced this sort of liquidity situation where the entire financial sector is in churn," news agen...
NDTV
Mixed earnings see morning dip in the market: ASX tracking 0.4% higher at noon

Mixed earnings see morning dip in the market: ASX tracking 0.4% higher at noon

23 Aug 2019 - The ASX opened lower following mixed leads from Wall St and is now tracking 0.4% higher at noon. Shares in pharmaceutical company Mayne Pharma (ASX:MYX) shot up 10% this morning after reporting today showing a full-year net loss of $...
Finance News Network
3mins
Bravura Solutions see NPAT rise up 21%

Bravura Solutions see NPAT rise up 21%

23 Aug 2019 - Bravura Solutions (ASX:BVS) today announced its full-year results for the period ended 30 June 2019, showing group FY19 NPAT increased 21 per cent to $32.8 million from $27.0 million in FY18.
Finance News Network
1min
Brickworks continues US expansion

Brickworks continues US expansion

23 Aug 2019 - Brick manufacturer Brickworks (ASX:BKW) is continuing its expansion into the US by purchasing of Iowa-based Sioux City Brick for $47 million.
Finance News Network
1min
Mayne Pharma report net loss of $280m

Mayne Pharma report net loss of $280m

23 Aug 2019 - Pharmaceutical company Mayne Pharma (ASX:MYX) reported a full-year net loss of $280.8 million down 110 per cent on last year's $133.9 million loss impacted by intangible asset impairments.
Finance News Network
1min
The Goodman Group report operating profit up 11.4%

The Goodman Group report operating profit up 11.4%

23 Aug 2019 - Property group the Goodman Group (ASX:GMG) today announced its results for the full year ended 30 June 2019 showing operating profit up 11.4 per cent on last year to $942 million.
Finance News Network
1min
Catapult Group International (ASX:CAT) FY19 results & outlook

Catapult Group International (ASX:CAT) FY19 results & outlook

23 Aug 2019 - Catapult Group International Limited (ASX:CAT) Executive Chairman Dr Adir Shiffman discusses the company's FY19 results, growth drivers and outlook.
Finance News Network
6mins
Aus Tin Mining (ASX:ANW) Granville Project update

Aus Tin Mining (ASX:ANW) Granville Project update

23 Aug 2019 - Aus Tin Mining Limited (ASX:ANW) CEO, Peter Williams discusses the commissioning of a crusher at Granville, what’s planned for the rest of the year and the outlook for tin prices.
Finance News Network
4mins
Boral agrees to sell Midland Brick

Boral agrees to sell Midland Brick

23 Aug 2019 - Boral (ASX:BLD) has entered into an agreement with a Western Australian consortium to sell its Midland Brick business.
Finance News Network
1min
Alumina see profit cut by 26%

Alumina see profit cut by 26%

23 Aug 2019 - Alumina (ASX:AWC) today reported a statutory net profit after tax of US$210.9 million for the half-year to 30 June 2019 that's 26 per cent down the results on the prior corresponding period of $286.4 million.
Finance News Network
1min
Sanders reveals $16.3 trillion 'Green New Deal'

Sanders reveals $16.3 trillion 'Green New Deal'

Presidential hopeful Bernie Sanders unveiled a climate change strategy on Thursday that would mobilize $16.3 trillion to help the U.S. generate 100% of its electricity from renewable energy by 2030 and achieve "full decarbonization" by 2050. Jillian
Reuters
Overstock shares surge after CEO quits

Overstock shares surge after CEO quits

Overstock shares surged 9% on Thursday after Chief Executive Officer Patrick Byrne resigned, saying distraction and fallout related to his involvement in a Federal Bureau of Investigation Russian espionage probe made it difficult for him to lead the online retailer.
Reuters
Wesfarmers drop Lynas bid: ASX poised to open lower

Wesfarmers drop Lynas bid: ASX poised to open lower

23 Aug 2019 - Australian shares are poised to edge lower at the open following mixed leads from Wall Street. Tech stocks saw a slide offsetting a rally in financials. Investors are still anxiously awaiting signals from the Federal Reserve as to wh...
Finance News Network
3mins
U.S. states and telecom join forces against robocalls

U.S. states and telecom join forces against robocalls

Large telecom companies and attorneys general from every state unveil a new pact for combating robocalls, the latest step toward cutting off such calls before they reach a consumer’s phone.
Reuters
S&P stalls ahead of Fed chair speech

S&P stalls ahead of Fed chair speech

The S&P 500 ended little changed Thursday. A contraction in U.S. manufacturing activity offset a fall in jobless claims as investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy.
Reuters
Fed's Powell won't spark stocks run-up - Kramer

Fed's Powell won't spark stocks run-up - Kramer

Kramer Capital Research's Hilary Kramer tells Reuters' Fred Katayama Fed Chair Jerome Powell's speech at the Jackson Hole symposium Friday isn't likely to trigger a big runup in stocks.
Reuters
Macron meets Johnson, while Pound recovers slightly on backstop hopes

Macron meets Johnson, while Pound recovers slightly on backstop hopes

French President Emmanuel Macron warns Prime Minister Boris Johnson there isn't enough time to negotiate a whole new Brexit deal, while Angela Merkel's comments that she has not given Britain 30 days to find a solution to the so-called Irish backstop
Reuters
UK retail sales collapse at fastest pace since 2008 - CBI

UK retail sales collapse at fastest pace since 2008 - CBI

British retail sales plunged in August at the fastest pace since December 2008, according to a survey published on Thursday (August 22) that added to signs of a slowing economy ahead of Brexit in just over two months' time.
Reuters
Could Africa's largest wind farm boost Kenya's green energy plans?

Could Africa's largest wind farm boost Kenya's green energy plans?

Based in northern Kenya, Lake Turkana Wind Farm is now fully operational and could help the country to reach 100% green energy by 2020. Kwame Amoah Mensah reports.
Reuters
Could Africa's largest wind farm boost Kenya's green energy plans?

Could Africa's largest wind farm boost Kenya's green energy plans?

Based in northern Kenya, Lake Turkana Wind Farm is now fully operational and could help the country to reach 100% green energy by 2020. Kwame Amoah Mensah reports.
Reuters
European shares steady on upbeat PMI data

European shares steady on upbeat PMI data

European shares traded close to flat on Thursday as upbeat surveys on Germany and the euro zone offset signs that U.S. policymakers had not intended to start a cycle of interest rate cuts with last month's move.
Reuters
Amazon opens its biggest global campus in India

Amazon opens its biggest global campus in India

Amazon.com Inc on Wednesday (August 21) launched its biggest campus in the world in the southern Indian city of Hyderabad.
Reuters
Boeing's space tourism: flying the 'friendly' skies

Boeing's space tourism: flying the 'friendly' skies

Reuters was given rare access at the Johnson Space Center in Houston where NASA astronauts are training for the upcoming inaugural mission aboard Boeing’s new Starliner spacecraft, which may one day take tourists into space.
Reuters
Markets await rate cut clues from Fed Chief Powell

Markets await rate cut clues from Fed Chief Powell

Federal Reserve Chairman Jerome Powell delivers a closely-watched speech this week amid mounting pressure to signal more rate cuts are in the works to avoid a recession. Conway G.
Reuters
Bingo Industries shares down as profit slumps: ASX closes 0.3% higher

Bingo Industries shares down as profit slumps: ASX closes 0.3% higher

22 Aug 2019 - The ASX closed 0.3% higher. A number of stocks lifted the market, the Vocus Group (ASX:VOC) is trading over 10% and Flight Centre has risen 10% after reporting earlier showing their NPAT landed within guidance. Meanwhile, Webjet (ASX...
Finance News Network
4mins
Colombia coffee growers' new nemesis: machines

Colombia coffee growers' new nemesis: machines

Automation of coffee beans growing in two of the largest coffee producing nations, Brazil and Vietnam, are upending Colombian coffee farmers' dreams. Here's why. Jane Lanhee Lee reports.
Reuters
Lithium Power International (ASX:LPI) lithium brine & hard rock developer

Lithium Power International (ASX:LPI) lithium brine & hard rock developer

22 Aug 2019 - Lithium Power International (ASX:LPI) CEO & MD, Cristobal Garcia-Huidobro talks about progress with its Environmental Impact Assessment for its Maricunga lithium brine project in Northern Chile and its hard rock lithium projects in WA.
Finance News Network
6mins
Have To Lay Off Employees If GST Not Cut: Parle's Mayank Shah

Have To Lay Off Employees If GST Not Cut: Parle's Mayank Shah

Parle category head Mayank Shah says that the company may have to reduce production due to low demand, which may lead to layoffs of 8,000-10,000 employees. He also expects government intervention to lower the current GST rate of 18 per cent on bis...
NDTV
Zip Co see customer boost: ASX 0.27% higher at noon

Zip Co see customer boost: ASX 0.27% higher at noon

22 Aug 2019 - The ASX shot up at the open, managed to maintain momentum and is now currently 0.2% higher at noon. The Flight Centre Travel Group (ASX:FLT) have seen a rise in their shares today after reporting their NPAT up 0.1 per cent within gui...
Finance News Network
3mins
Monash IVF Group set to lose 5 fertility specialists

Monash IVF Group set to lose 5 fertility specialists

22 Aug 2019 - Monash IVF Group (ASX:MVF) has been notified that five Victorian based fertility specialists who currently refer patients for IVF treatment will stop using services from Monash IVF from September 2019.
Finance News Network
1min
The Flight Centre Travel Group see 0.1% rise in NPAT in a subdued cycle

The Flight Centre Travel Group see 0.1% rise in NPAT in a subdued cycle

22 Aug 2019 - The Flight Centre Travel Group (ASX:FLT) report net profit after tax attributable to owners of the company up 0.1 per cent to $263.8 million compared with $263.6 million in the previous financial year and say it's due to a subdued tr...
Finance News Network
1min