AM Report 22 June 18: Dow off near 200pts with no support form tech stocks

US markets fell. Economic data was weaker than forecasts. The US-China trade dispute still dominated investor thinking. And a US Supreme Court ruling on state sales tax collection weighed on share prices of...

Long night, little said; US stocks down, pound up

There wasn’t much progress on trade tariffs overnight. China only responded in words and there’s been little market response. As Phil Dobbie discusses with NAB’s David de Garis, the biggest moves have been in...

David Murray to commence as AMP Chairman

AMP Limited today announces David Murray AO will commence as Chairman of its Board of Directors, effective immediately. Mr Murray agreed to accept the chairmanship on 4 May 2018. Following the completion of...

BP will not proceed with acquisition of Woolworths’ fuel network

BP Australia will not continue with the proposed acquisition of Woolworths’ retail fuel and convenience business, originally announced on 28 December 2016. Despite its best efforts, BP has determined the...

Toyota Australia posts $137 million profit

Toyota Australia has posted an after-tax profit of $137 million for the year ending 31 March 2018 (2016-17: after-tax profit of $99 million). There were 229,258 Toyota and Lexus vehicles sold locally and...

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