Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: The benchmark S&P/ASX200 index finished up 51.2 points, or 0.77 per cent, to 6,700.3 points at 1615 AEST on Friday, while the broader All Ordinaries was up 50.8 points, or 0.75 per cent, to 6,786.2..... [more]

  • U.S. Market Report: Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month..... [more]

  • North/South Americas Market Report: North and South American markets finished broadly lower on Friday with shares in Brazil leading the region. The Bovespa is down 1.21% while U.S.'s S&P 500 is off 0.62% and Mexico's IPC is lower by 0.03%..... [more]

  • European Market Report: European markets finished higher on Friday with shares in Germany leading the region. The DAX is up 0.26% while London's FTSE 100 is up 0.21% and France's CAC 40 is up 0.03%..... [more]

  • Asian Market Report: Asian markets finished broadly higher on Friday with shares in Japan leading the region. The Nikkei 225 is up 2.00% while Hong Kong's Hang Seng is up 1.07% and China's Shanghai Composite is up 0.79%..... [more]

Australian Business News

  • Australian Prudential Regulation Authority told to stop asking for more..... [more]

  • Home ownership continues to fall as the great Australian dream gets more distant for many.... [more]

  • Fourth Sydney apartment block abandoned. The owner of a Sydney apartment in a block that remains empty over fears of land contamination, has likened his situation to being locked up and powerless to change his fate..... [more]

  • Cardinal Resources on track with Namdini Gold Project feasibility study.... [more]

  • St George Mining placement attracts new investor in Moho Resources. Moho is acquiring 5 million shares valued at $500,000 in the $3 million placement for an initial 1.37% interest..... [more]

  • Boral's bid to dig deeper into its Mugga Lane quarry has cleared a major hurdle, after the company was granted permission to clear a large swathe of native vegetation in order to store leftover rock and soil..... [more]

  • Jindalee Resources Ltds (ASX:JRL) leach recycling tests have demonstrated excellent lithium recoveries with lower acid consumption at its McDermitt project on the Nevada-Oregon border in the US..... [more]

  • Hardey Resources finds high-grade gold in rock chip sampling at Cheela Plains.... [more]

  • David Jones is cutting 120 jobs from its head office and suburban store network as the department chain refocuses its investment on digital and online retail..... [more]

  • Visioneering Technologies Inc (ASX:VTI) has doubled year-on-year growth in shipments and cash receipts following a record-breaking June quarter..... [more]

  • The US Department of Transportation has granted American Airlines Group and Qantas Airways final approval to operate a joint venture after a prior effort was rejected in 2016..... [more]

  • WestConnex prepares for traffic congestion test as school holidays come to an end.... [more]

  • NBN Sky Muster Plus satellite trial averages 43Mbps.... [more]

  • Uber Eats will amend its contracts to remove unfair terms that penalise restaurant owners, following an ABC investigation which triggered a probe by the consumer watchdog last year..... [more]

  • Sydney Water has been fined nearly $270,000 after millions of litres of untreated sewage flowed into a stream in Sydney’s southeast and reached a nearby beach..... [more]

  • Celebrity chef Neil Perry’s high-end restaurant empire is being sued for allegedly underpaying a chef who worked gruelling 20-hour shifts at the prestigious Rockpool Bar & Grill restaurant in Melbourne..... [more]

  • Analysis - Stephen Letts: Manufacturing is in retreat, threatening to take the global economy down with it. If the world's factories are any measure, then the global economy is looking rather gloomy at the moment..... [more]

  • Analysis - Ian Verrender: Don't bank on a wage rise this year. Expect rate cuts instead.... [more]

World Business News

  • White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China’s Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday..... [more]

  • Boeing takes $5bn hit over grounding of 737 Max.... [more]

  • Carl Icahn declares war over huge oil takeover. Carl Icahn believes Occidental Petroleum badly overpaid for oil driller Anadarko Petroleum..... [more]

  • Netflix Inc.’s weaker-than-expected second-quarter subscriber numbers sent its stock sharply lower in premarket trade Thursday, but analysts were unfazed by the miss and said they’re sticking with their full-year forecasts..... [more]

  • YouTube has defended its video recommendation algorithms, amid suggestions that the technology serves up increasingly extreme videos. On Thursday, a BBC report explored how YouTube had helped the Flat Earth conspiracy theory spread..... [more]

  • Prices rise for British tourists as Brexit puts the pound in the shade.... [more]

  • Boris Johnson is already shedding allies before he's touted to take Britain's top-job.... [more]

  • Philip Hammond plans to quit if Johnson becomes PM. Philip Hammond has told the BBC he intends to resign as chancellor if Boris Johnson becomes the UK's next PM. He said a no-deal Brexit, something Mr Johnson has left open as an option, was "not something I could ever sign up to"..... [more]

  • The former boss of Unilever is seeking a team of “heroic chief executives” to drive a shift to a low-carbon, more inclusive way of doing business. Paul Polman, who stepped down from the Anglo-Dutch owner of Marmite and Dove in November last year after a decade at the helm, warns that the rise of populism and Brexit are symptoms of capitalism’s failure to adapt..... [more]

  • UK television network ITV has teamed up with the BBC on a streaming product that gives British audiences a new alternative to Netflix. BritBox will debut in the final three months of this year, the networks announced Friday..... [more]

  • Hundreds of dockless bikes are being dumped in canals and rivers and most operators should do more help clean up the mess, the body responsible for the UK’s waterways has complained..... [more]

  • The chairman of the High Speed 2 rail project has reportedly warned that its cost could rise by £30bn. HS2 chairman Allan Cook has written to the Department for Transport to say the high-speed line cannot be delivered within its £56bn budget, according to the Financial Times..... [more]

  • Campaigners have welcomed government plans to open up its rogue landlord database to prospective tenants, as part of proposals to give greater protection to renters..... [more]

  • China must avoid a role in destruction of Amazon. Beijing could be forever tarnished if it does ‘dirty business’ with the Bolsonaro government in Brazil.... [more]

  • China's economic growth has slumped to its lowest level in nearly three decades, but the trade war with the United States isn't solely to blame. Gross domestic product growth dropped to 6.2% in the second quarter, the weakest since the government started publishing quarterly figures in 1992, the national statistics authority said this week..... [more]

  • Thousands March in Hong Kong as Police Use Tear Gas on Crowds.... [more]

  • Prime Minister Shinzo Abe's ruling bloc won a solid majority in Japan's upper house election on Sunday, but they are certain to lose the two-thirds upper house majority needed to push ahead with Prime Minister Shinzo Abe's proposal to revise the pacifist constitution, public broadcaster NHK reports..... [more]

  • U.K. Seeks to Calm Tensions With Iran After Tanker Seizure.... [more]

  • Iran says itsseizure of British ship a ‘reciprocal’ move. Iranian commandos in black ski masks and fatigues rappel from helicopter onto the vessel in the Strait of Hormuz..... [more]

  • Opinion - Larry Elliott: Regional policy requires rethink as myth of London’s productivity debunked.... [more]