The Trump economy, three years in: What the numbers say

Trump: US ‘by far’ biggest economy in the world President Trump speaks in Davos on the prosperous economy and U.S.-China trade deal progress. Donald Trump has been president for a little over three years. With that track record, how is the "Trump economy" doing? Continue Reading Below Did Trump dramatically change economic trends, or did […]

Pier 1 Imports files for chapter 11 bankruptcy

Pier 1 Imports preparing to file for bankruptcy: Report Pier 1 Imports is reportedly preparing to file for bankruptcy and cut 40 percent of its staff. Pier 1 Imports Inc. has filed for bankruptcy with plans to sell the company, less than two months after the troubled home-decor retailer said it planned to close up […]

US Navy awards $1B contract for manufacture of naval nuclear reactor components

Workers on the front lines know US is in ‘right place’: Ret. Navy Seal commander Retired Navy Seal commander and author Jocko Willink discusses President Trump’s successes on the military and economic fronts. A BWX Technologies subsidiary has secured a naval contract worth up to approximately $1 billion. Continue Reading Below The contract, which was […]

Coronavirus: Las Vegas of China casinos told when they can reopen

Coronavirus’ greatest problem is its ability to spread: Professor Columbia University professor of epidemiology Stephen Morse says the current coronavirus outbreak is closely related to SARS. Casino operators in Macao, the world’s biggest gaming enclave, will be allowed to resume operations on Thursday, following 15 days of closure to prevent the spread of the coronavirus. […]

Coronavirus threat part of somber global trade outlook: WTO

Coronavirus will have an impact on US supply chains: Investor Oxbow Advisers managing partner Ted Oakley discusses the impact coronavirus is having on markets and how it could affect the U.S. economy going forward. BRUSSELS (Reuters) – Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on […]

Coles in legal battle over claims of predatory pricing on cigarettes

Coles is battling a Federal Court claim of misuse of market power for predatory pricing on its cigarettes. Former tobacco store owners Anthony, Rebecca and Michael Rachelle have brought the claim against the supermarket giant which will be heard in the Federal Court on Friday. Anthony Rachelle is taking Coles to court over its cigarette […]

Metal shapers: 3D metal printing firm latest ASX hopeful

Robotic metal printing startup AML3D is vying to be the latest 3D printing stock to hit the ASX boards, though its chief executive says despite enthusiasm about the sector, growth will take patience. "It does take time, and it does need investment," Andrew Sales said. AML3D’s Andrew Sales (left) with an employee, said it’s hard […]

Asia Stocks Set For Cautious Start, With Yuan Flat: Markets Wrap

Asian stocks looked poised for a cautious start to the week as investors mulled China’s latest plans to help its economy counter the impact of the coronavirus outbreak. U.S. equity futures ticked higher. Futures edged lower in Japan and Hong Kong, while Australian shares opened flat after two weeks of gains for global equities. Volumes […]

Bendigo Bank kicks off $300m capital raise, cuts dividend

Bendigo and Adelaide Bank has kicked off a $300 million capital raising as it reported a sharp profit drop and announced it was cutting its interim dividend. Chief executive Marnie Baker blamed low interest rates and rising regulatory pressure at the release of its half-year results on Monday, adding that ongoing technology investment and compliance […]

China, Asia Bulk Up Economy Defenses Against Virus Ahead of G-20

China, Hong Kong and Singapore are pledging extra fiscal stimulus to counter the economic hit from the coronavirus, which will top the agenda of the world’s top finance officials this week. While the International Monetary Fund is calling for coordinated global action, there’s no clear picture on what that might entail. That puts the onus […]