[BENGALURU] Strength in miners and banks helped Australian shares rise for a third straight session on Monday, bolstered by signs of headway in trade talks between the world's two largest economies.US President Donald Trump on Friday outlined the first phase of a trade deal with China in a step towards patching up a tariff war that has hounded financial markets and hampered growth prospects.
Renewed geopolitical tensions in the Middle East boosted energy firms, adding as much as 2.9 per cent to see their best intraday gain in four weeks. Meanwhile, the"Big Four" banks tacked on between 1.1 per cent and 1.4 per cent despite the Federal Government's decision to direct Australia's competition regulator to conduct an inquiry into why banks did not pass on recent rate cuts in full.
"Any action is just really a peripheral issue for the banks. The remediation costs are the bigger problem and quantifying those is a positive for the sector," he said, adding that focus now shifts to bank earnings at the end of the month.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Easy road trip in New ZealandGo where you want at your own pace on a self-drive travel package tour by Jetabout Holidays. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China reports new African swine fever outbreak in northwest provinceBEIJING (REUTERS) - China reported another outbreak of the African swine fever on Sunday (Oct 13) in its northwestern province of Gansu, the Ministry of Agriculture and Rural Affairs said on its website.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
One dead, 18 injured after Hard Rock Hotel under construction collapses in New OrleansOne person was killed and at least 18 injured in New Orleans on Saturday when part of a Hard Rock Hotel under construction collapsed, filling a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China celebrities help enlist new generation of online patriotsBEIJING (BLOOMBERG) - For Linda Li, supporting her favourite boy band entails more than just buying music and attending concerts: She's also regularly posting nationalist pro-China slogans on social media.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hotel collapse in New Orleans leaves 2 dead, 1 missingA large section of a Hard Rock Hotel under construction beside New Orleans' historic French Quarter collapsed Saturday amid blinding dust and flying debris, killing two people and injuring more than 20. A 270-foot (82-meter) construction crane — one of two still looming over the multistory building
Source: YahooSG - 🏆 3. / 71 Read more »
Empire State Building observatory reopens with new 360-degree viewThe stunning view from the highest observatory at New York's Empire State Building just got even better. The redevelopment of the observatory, which sits at 1,250 feet (381 meters), began in January. The fact the elevator is see-through means people can enjoy a panoramic view of the city from wherever
Source: YahooSG - 🏆 3. / 71 Read more »