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Musk wins defamation trial over 'pedo guy' tweet

Musk wins defamation trial over 'pedo guy' tweet

A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a "pedo guy" on Twitter. Freddie Joyner has more.
Reuters Business
Good news story goes beyond strong jobs -analyst

Good news story goes beyond strong jobs -analyst

November's solid job growth is just part of a good news story facing investors into the end of the year but Victoria Fernandez, the chief market strategist at Crossmark Global Investments, thinks there will be more market volatility. Conway G. Gitte
Reuters Business
Wall Street climbs on solid jobs data

Wall Street climbs on solid jobs data

Wall Street ended solidly higher on Friday as a strong jobs report and optimism about U.S.-China trade negotiations ahead of an upcoming deadline helped stoke investor risk appetite.
Reuters Business
Week ahead: The Fed, the UK votes, and tariff watching

Week ahead: The Fed, the UK votes, and tariff watching

Despite a surprisingly strong November payrolls report, the Federal Reserve is expected to hold rates steady next week following three rate cuts this year. Conway G. Gittens has the week ahead.
Reuters Business
France rejects U.S. proposal on international tax reform

France rejects U.S. proposal on international tax reform

France rejects a U.S. idea for companies to opt out of a proposed international tax reform, Finance Minister Bruno Le Maire said on Friday, urging Washington to negotiate in good faith. Ciara Lee reports
Reuters Business
Strongest U.S. hiring in 10 months

Strongest U.S. hiring in 10 months

U.S. job growth increased by 266,000 in November, the biggest jump in 10 months, despite a slump in the manufacturing sector and overall uncertainty due to numerous trade spats between the U.S. and trading partners. Conway G. Gittens looks at the hir
Reuters Business
Oil drops even as OPEC curbs output

Oil drops even as OPEC curbs output

Oil prices fell Friday even after OPEC agreed to curb output.
Reuters Business
When Ma met Son: tech titans talk guts and glory

When Ma met Son: tech titans talk guts and glory

Alibaba founder Jack Ma sat down with Softbank chief Masayoshi Son in Tokyo on Friday. Just weeks after he had to bail out WeWork, Son says he's still going with his gut on big decisions.
Reuters Business
German industry slump sparks renewed growth fears

German industry slump sparks renewed growth fears

Germany's industrial output unexpectedly dropped in October, reviving worries about its economic growth outlook as its manufacturing backbone is hurt by global trade conflicts and disruption in the auto sector. Ciara Lee reports
Reuters Business
Construction sector jobs dwindled: ASX closed 0.4% higher

Construction sector jobs dwindled: ASX closed 0.4% higher

06 Dec 2019 - It has been a positive day of trade for the ASX closing 0.4% higher. Bega (ASX:BGA) also dropped today. Shares in Caresales.com (ASX:CAR) shot up today as did Beach Energy. The Scentre Group (ASX:SCG) today announced it has acquired ...
Finance News Network
5mins
Uber reveals thousands of sexual assault reports

Uber reveals thousands of sexual assault reports

Ride-hailing firm Uber says it received more than 3,000 reports of sexual assault, including rape, in the United States during 2018, at a time when it operated roughly 1.3 billion rides.
Reuters Business
Boral (ASX:BLD) shares down after discovery of financial irregularities: ASX tracking 0.3% higher at

Boral (ASX:BLD) shares down after discovery of financial irregularities: ASX tracking 0.3% higher at

06 Dec 2019 - The ASX has risen at the open following positive leads from Wall Street. It is now tracking 0.3% higher at noon. Boral (ASX:BLD) shares slipped today after reporting they had identified financial irregularities in their North America...
Finance News Network
4mins
AP Eagers (ASX:APE) appoints new executive directors

AP Eagers (ASX:APE) appoints new executive directors

06 Dec 2019 - The board of AP Eagers (ASX:APE) has appointed Greg Duncan and David Blackhall as independent non-executive directors, effective today.
Finance News Network
1min
Blackmores (ASX:BKL) appoint a new chief financial officer

Blackmores (ASX:BKL) appoint a new chief financial officer

06 Dec 2019 - Blackmores (ASX:BKL) today announced that Aaron Canning will transition from his current role as Chief Financial Officer next month, replaced by Gunther Burghardt.
Finance News Network
1min
Bubs Australia (ASX:BUB) completes $30m placement

Bubs Australia (ASX:BUB) completes $30m placement

06 Dec 2019 - Bubs Australia (ASX:BUB) has raised $30 million placement the placement was priced at 95 cents a share.
Finance News Network
28secs
Wattle Health (ASX:WHA) enters a supply agreement with Chemist Wareshouse

Wattle Health (ASX:WHA) enters a supply agreement with Chemist Wareshouse

06 Dec 2019 - Wattle Health (ASX:WHA) has entered into a 10-year supply agreement with Chemist Warehouse for its organic nutritional dairy range, including its Uganic infant formula and the Little Innoscents organic skin care range.
Finance News Network
1min
Saudi Aramco prices world's biggest IPO

Saudi Aramco prices world's biggest IPO

State-owned oil giant Saudi Aramco's IPO will be the biggest in history but concerns about corporate governance and nation's role in Middle East politics may have limited international interest. Conway G. Gittens has the details.
Reuters Business
OPEC consider oil production cuts: ASX poised to open higher

OPEC consider oil production cuts: ASX poised to open higher

06 Dec 2019 - Following soft leads from US markets, the ASX looks set to open higher this morning. Stocks rose in Asia and Europe as China and the US tried to reach an agreement on their 20-month-long trade war. OPEC to meet again today in Vienna ...
Finance News Network
3mins
Wall Street inches higher

Wall Street inches higher

Wall Street eked out slight gains Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China.
Reuters Business
The Independence Group (ASX:IGO) will not participate in Panoramic’s entitlement offer

The Independence Group (ASX:IGO) will not participate in Panoramic’s entitlement offer

06 Dec 2019 - The Independence Group (ASX:IGO) will not participate in Panoramic Resources (ASX:PAN) entitlement offer.
Finance News Network
1min
Boral (ASX:BLD) identifies financial irregularities in its US windows business

Boral (ASX:BLD) identifies financial irregularities in its US windows business

06 Dec 2019 - Boral (ASX:BLD) has identified certain financial irregularities in its North American Windows business.
Finance News Network
1min
Year-end tax tips for investors

Year-end tax tips for investors

Avantax Wealth Management investment advisor John Vento explains how investors can take advantage of money-losing stocks in a year that saw many stocks and bonds post huge rallies.
Reuters Business
UK fraud office opens Glencore bribery probe

UK fraud office opens Glencore bribery probe

Britain's Serious Fraud Office has launched an investigation into commodities giant Glencore over suspicions of bribery.
Reuters Business
Profit plunges at Tiffany

Profit plunges at Tiffany

Tiffany's quarterly profit plummeted 17%, and sales were flat. As Fred Katayama reports, lower spending by foreign tourists hurt the upscale jeweler.
Reuters Business
UK: sterling surges on Johnson election hopes

UK: sterling surges on Johnson election hopes

Sterling hit 2-1/2-year highs versus the euro on Thursday, on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit.
Reuters Business
GM, South Korea's LG hook up in EV battery joint venture

GM, South Korea's LG hook up in EV battery joint venture

General Motors and South Korea's LG Chem announced they will invest $2.3 billion to set up an electric vehicle battery joint venture near a shuttered GM plant in Ohio. Conway G. Gittens has the details.
Reuters Business
Billionaire Stroll seeks Aston Martin stake: report

Billionaire Stroll seeks Aston Martin stake: report

Shares in Aston Martin soared Thursday on reports Canadian billionaire Lawrence Stroll could be eyeing a big stake in the luxury carmaker.
Reuters Business
South African Airways gets $272 mln lifeline as it enters business rescue

South African Airways gets $272 mln lifeline as it enters business rescue

South African Airways, which is on the brink of financial collapse, was set to enter a business rescue process on Thursday.
Reuters Business
Japan launches $122 bln stimulus package

Japan launches $122 bln stimulus package

Japan's cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world's third-largest economy.
Reuters Business
Gucci owner Kering may bid for Moncler: report

Gucci owner Kering may bid for Moncler: report

Shares in Moncler jumped Thursday on reports that Gucci owner Kering may bid for the luxury winterwear maker.
Reuters Business
Striking unions battle Macron in pensions showdown

Striking unions battle Macron in pensions showdown

France's public transport networks ground to a near halt on Thursday as unions dug in for a nationwide strike aimed at forcing President Emmanuel Macron to abandon plans to overhaul the country's Byzantine pension system.
Reuters Business
Talking Stock Ep. 57

Talking Stock Ep. 57

ABOUT THE PROGRAM: Talking Stock deconstructs companies listed on the Australian Securities Exchange through teasing out their earnings drivers, industry dynamics and management structure. The show aims to level the playing field in terms of the a...
Boardroom Media
14mins
RBI Keeps Rate Unchanged In Unexpected Move, Sharply Cuts Growth Target

RBI Keeps Rate Unchanged In Unexpected Move, Sharply Cuts Growth Target

The Reserve Bank of India's six-member Monetary Policy Committee (MPC) unanimously kept the repo rate unchanged at 5.15 per cent on Thursday. Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks. The MPC h...
NDTV
Memphasys (ASX:MEM) progressing IVF separation device

Memphasys (ASX:MEM) progressing IVF separation device

05 Dec 2019 - Memphasys Limited (ASX:MEM) Executive Chairman, Alison Coutts talks about progress with the company's human assisted reproductive device for the separation of sperm cells in IVF clinics.
Finance News Network
5mins
Megaport (ASX:MP1) to raise $62 million: Aus shares nearly 1% higher at noon

Megaport (ASX:MP1) to raise $62 million: Aus shares nearly 1% higher at noon

05 Dec 2019 - The Australian share market opened lower defying positive leads from US markets, but has edged higher over the first 2 hours of trade. It is now tracking nearly 1 per cent higher at noon, with all sectors in the green. Megaport (ASX:...
Finance News Network
4mins
iSignthis (ASX:ISX) commences legal proceedings against ASX

iSignthis (ASX:ISX) commences legal proceedings against ASX

05 Dec 2019 - iSignthis (ASX:ISX) has commenced legal proceedings against the Australian Securities Exchange in the Federal Court of Australia.
Finance News Network
1min
Buru Energy (ASX:BRU) assumes 100% equity in Canning Basin tenements

Buru Energy (ASX:BRU) assumes 100% equity in Canning Basin tenements

05 Dec 2019 - Buru Energy (ASX:BRU) has assumed 100% equity in three key Canning Basin exploration permits.
Finance News Network
1min
AFT Pharmaceuticals (ASX:AFP) welcomes Medsafe’s decision

AFT Pharmaceuticals (ASX:AFP) welcomes Medsafe’s decision

05 Dec 2019 - AFT Pharmaceuticals (ASX:AFP) has today welcomed Medsafe’s decision saying sales of Maxigesic tablets increased by more than 50% after Australia rescheduled codeine containing medicines.
Finance News Network
1min
Tilt Renewables (ASX:TLT) sells Snowtown 2 wind farm for an enterprise value of almost $1.1b.

Tilt Renewables (ASX:TLT) sells Snowtown 2 wind farm for an enterprise value of almost $1.1b.

05 Dec 2019 - Tilt Renewables (ASX:TLT) has sold its Snowtown 2 wind farm for $1.073b.
Finance News Network
1min
Deal of the week: Pan Asian Metals

Deal of the week: Pan Asian Metals

Pan Asia Metals is a Sydney, Australia, based minerals exploration and development company focussed on the exploration and development of specialty and base metal projects in South East Asia. Pan Asia’s focus is South East Asia, its administrative...
Boardroom Media
17mins
Bio-Gene Technology (ASX:BGT) AgTech platform

Bio-Gene Technology (ASX:BGT) AgTech platform

05 Dec 2019 - Bio-Gene Technology Limited (ASX:BGT) CEO, Richard Jagger discusses the company's novel suite of insecticides, progress with trials and market opportunity.
Finance News Network
4mins
Dow jumps almost 150 points: Aus shares to open higher

Dow jumps almost 150 points: Aus shares to open higher

05 Dec 2019 - The Australian share market looks set to open higher. The Dow Jones jumped almost 150 points after promising trade talks.
Finance News Network
3mins
Peloton lowers monthly price amid ad controversy

Peloton lowers monthly price amid ad controversy

Exercise equipment company Peloton dropped the price of its digital monthly subscription, causing its share price to drop for a second straight day after some consumers complained its Christmas ad is sexist. Lisa Bernhard has more.
Reuters Business
Wall Street rebounds on trade hopes

Wall Street rebounds on trade hopes

Wall Street bounced back Wednesday on investor optimism for an interim trade deal with China.
Reuters Business
Zelda Therapeutics (ASX:ZLD) name change

Zelda Therapeutics (ASX:ZLD) name change

05 Dec 2019 - Zelda Therapeutics (ASX:ZLD) has confirmed the company has changed its name to Zelira Therapeutics.
Finance News Network
1min
Auswide Bank (ASX: ABA) partners with National Seniors Australia

Auswide Bank (ASX: ABA) partners with National Seniors Australia

05 Dec 2019 - Auswide Bank (ASX: ABA) has partnered with National Seniors Australia to provide their members with access to a range of fixed interest term deposits.
Finance News Network
1min
More upside for U.S. stocks in '20: strategist

More upside for U.S. stocks in '20: strategist

Edward Jones investment strategist Nela Richardson says the S&P 500 will post single-to-mid digit gains next year.
Reuters Business
China warns U.S. over Uighur bill, raising doubts over early trade deal

China warns U.S. over Uighur bill, raising doubts over early trade deal

China warned on Wednesday that the U.S. House of Representatives bill calling for a tougher U.S. response to Beijing's treatment of its Uighur Muslim minority will impact bilateral cooperation, clouding prospects for a near-term deal to end a trade war.
Reuters Business