Australia/New Zealand Stocks

Australia/New Zealand Stocks

Australia: Shares slip as dour GDP outlook, Sino-US rift weigh

Australia: Shares slip as dour GDP outlook, Sino-US rift weigh

7/8/2020 10:03:00 AM

Australia: Shares slip as dour GDP outlook, Sino-US rift weigh

[SYDNEY] Australian shares closed lower on Friday after the central bank downgraded its outlook for the national economy and as a US ban on transactions with China's ByteDance and Tencent heightened tensions between the world's leading economies. Read more at The Business Times.

Australian shares closed lower on Friday after the central bank downgraded its outlook for the national economy and as a US ban on transactions with China's ByteDance and Tencent heightened tensions between the world's leading economies.PHOTO: BLOOMBERG

Police investigating woman who allegedly disregarded repeated advice to wear mask at MBS Covid-19: Changi Airport to segregate flight arrivals from high-risk countries, regions Short term visitors from South Asia make up fewer than 10 imported Covid-19 cases in last 28 days: MOH data

[SYDNEY] Australian shares closed lower on Friday after the central bank downgraded its outlook for the national economy and as a US ban on transactions with China's ByteDance and Tencent heightened tensions between the world's leading economies.

The executive orders, which go into effect in 45 days, come after the Trump administration said this week it was stepping up efforts to purge"untrusted" Chinese apps from US digital networks and called TikTok and WeChat"significant threats." headtopics.com

"The ban has brought the trade tensions back to the centre of all attention ... inflaming nerves ahead of what's probably going to be a crucial week in US-China relations," said Kyle Rodda, market analyst with IG Australia.The two countries are set to review the implementation of their Phase 1 trade deal on Aug 15.

Read more: The Business Times »

Wanted: Bengal tiger seen roaming Texas neighbourhood

WASHINGTON — Police in an upscale Texas neighborhood searched Tuesday (May 11) for a fugitive Bengal tiger that was seen roaming on lawns and streets until its apparent owner fled with the animal.

Exclusive: Republican senators back extending US$25 billion payroll aid for US airlines; shares jumpA group of 16 Senate Republicans on Wednesday backed extending a US$25 billion payroll assistance program for U.S. airlines who have warned they ...

Jeff Bezos sells US$3.1 billion of Amazon shares after wealth jumpsNEW YORK (BLOOMBERG) - The numbers are eye-popping: One million Amazon.com shares offloaded for more than US$3.1 billion (S$4.2 billion). And yet for the seller, Jeff Bezos, it barely puts a dent in his stake in the e-commerce giant.. Read more at straitstimes.com.

Bezos sells Amazon shares worth US$3.1 billionAmazon.com Inc Chief Executive Officer Jeff Bezos sold shares worth US$3.1 billion in the e-commerce company in recent days, regulatory filings ...

Asia shares set to open higher as traders await US payrollsAsia shares were poised to open higher on Friday, tracking global equity markets' overnight gains as investors awaited a U.S. nonfarm payrolls report.

Jeff Bezos sells US$3.1 billion worth of Amazon sharesAmazon.com CEO Jeff Bezos sold shares worth US$3.1 billion in the e-commerce company in recent days, regulatory filings showed on Wednesday (Aug 5).

Australia to spend US$1.2 billion on cyber security for private sector after rise in attacksSYDNEY: Australia will spend AUS$1.66 billion (US$1.19 billion) over the next 10 years to strengthen the cyber defences of private companies and ...