Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: Shares started the week higher on the Australian market and investors were unconcerned by troubled property group Evergrande having missed a payment deadline. The benchmark S&P/ASX200 index closed higher by 41.6 points, or 0.57 per cent, to 7384.2..... [more]

  • U.S. Market Report: The Nasdaq slipped on Monday as investors swapped technology heavyweights for stocks linked to economic growth amid increasing confidence in a recovery, helping the Dow mark small gains..... [more]

  • North/South Americas Market Report: A generally lower end to the first day of the week across both North and South American markets..... [more]

  • European Market Report: A mixed, although mostly positive finish to Monday, despite the unsure election result the German market closed .27% higher..... [more]

  • Asian Market Report: A mixed to lower start to the week across the region on Monday..... [more]

Australian Business News

  • Petrol price eases from three-year high.... [more]

  • Secret to doubling your money Secret to doubling your money Bitcoin plunges after brutal crackdown Bitcoin plunges after brutal crackdown China ramps up its crypto crackdown China ramps up its crypto crackdown Around 270,000 Aussie kids are playing a new game by investing in the stock market, research has found. The survey found that 7 per cent of children under the age of 12 have a share trading account in their name, the equivalent to 270,000 Aussie kids who are invested in the stock market..... [more]

  • Pantoro confident of another productive year at Halls Creek Gold Operation as Norseman powers towards production.... [more]

  • An advanced manufacturing facility that would refine ore for battery production is one step closer to construction after the Queensland government referred it to the state's coordinator-general. The Townsville Energy Chemicals Hub (TECH), which will be located at the Landsdown Eco-Industrial facility 40km south of the city has been declared a prescribed project by the state government..... [more]

  • Alara Resources (ASX:AUQ) starts construction at Al Wash-hi Majaza Project.... [more]

  • Krakatoa Resources (KTA) has begun diamond drilling at the Sugarloaf Copper-Gold Porphyry target in Central NSW. The Sugarloaf target is part of the Belgravia Project which covers an area of 80 square kilometres and lies seven kilometres east of Molong in the Lachlan Fold Belt..... [more]

  • More sulphide hits for Conico in Greenland.... [more]

  • Scott Morrison isn’t getting ahead of himself but is keen to bring the coalition together to tackle climate change with the aim of getting to net zero emissions by 2050. But Opposition Leader Anthony Albanese says the prime minister is having to deal with a Nationals “rabble” completely divided on the issue..... [more]

  • Plan for deep-water fish pens off Tasmania.... [more]

  • KneoMedia aims to scale up deployment of KneoWorld in US. “Our expanding sales and marketing channels are very encouraging with prestigious and world-class organisations such as NAACP and Dell Technologies partnering with KneoWorld to broaden and diversify the distribution of our educational content across the US,” says chairman..... [more]

  • ReadyTech (RDY) has acquired specialist enterprise student management software business, Avaxa. The software-as-a-solution company will pay a total price of $2.2 million with $0.7 million to be paid upfront and the remaining $1.5 million will be paid within the next 12 months..... [more]

  • FOS Capital (ASX:FOS) subsidiary nabs NZ lighting business. FOS Capital's (FOS) subsidiary, FOS Lighting, is set to take over New Zealand-based lighting company, Ecopoint..... [more]

  • Queensland Pacific Metals' TECH Project of 'state significance' to Queensland. QPM's TECH Project continues to progress well with the new 'Prescribed Project' status further smoothing the way for approvals and planning..... [more]

  • Six Aussie companies have nailed unicorn status – meaning they are worth more than $1 billion – out of 832 start ups across the world. Giants like Uber, Airbnb, Snapchat and Pinterest have been part of the ‘unicorn’ club for years – where a private company is valued in the billions..... [more]

  • Gold Coast tourism faces $1b loss this September quarter.... [more]

  • Qantas has announced it will temporarily cease flights to London from Perth, with plans to replace it with a service from Darwin. The Darwin-London service will run until at least April 2022, if the carrier can come to a deal with the Northern Territory government, the airline said on Monday..... [more]

  • Perth Royal Show: Tickets sell out on first day as 60,000 people flood Claremont Showground.... [more]

  • Scamwatch has urged people to be extra vigilant after Australians reported a record $211 million in losses to scams so far this year — an 89 per cent increase over the same period last year. According to new data from the fraud watchdog, the losses — reported between January 1 and September 19 — have already exceeded the $175.6 million reported to Scamwatch for the whole of last year..... [more]

  • Opinion - Elizabeth Knight: ‘Spooked’ Sigma infuriates biggest shareholder as chemist war changes script again. Wesfarmers has rewritten the book on Australian retail scale and profitability. So when it set its sights on the pharmacy sector and made a bid for Priceline owner API, Australia’s collective chemists’ radar pinged loudly..... [more]

World Business News

  • Here comes $90 oil. The V-shaped recovery in the oil patch continues to take even the biggest bulls on Wall Street by surprise..... [more]

  • The U.S. Securities and Exchange Commission on Monday charged two individuals for a fraudulent trading scheme involving so-called "meme stocks" aimed at taking advantage of a surge in retail trading driven by social media in early 2021..... [more]

  • Fed's Evans sees taper close, expects rate hike in 2023.... [more]

  • Beyond Meat and Impossible Foods found success with realistic plant-based burgers. Now, they’re hoping to replicate that in the fast-growing but crowded market for plant-based chicken nuggets..... [more]

  • Alphabet (GOOGL.O) unit Google on Monday blasted EU antitrust regulators for ignoring rival Apple (AAPL.O) as it launched a bid to get Europe's second-highest court to annul a record 4.34-billion euro ($5.1 billion) fine related to its Android operating system..... [more]

  • Facebook invests $50 mln to build the 'metaverse' in responsible manner.... [more]

  • Facebook puts Instagram Kids on hold amid criticism of planned app.... [more]

  • Pump prices for fuel in the UK have reached their highest level in eight years as petrol stations run dry amid panic buying, with a further jump expected as wholesale energy costs continue to surge. Figures from the RAC show the average price of a litre of petrol rose from 135.9p on Friday to 136.6p on Sunday, the highest level since September 2013, as motorists scrambled to fill up their vehicles..... [more]

  • Gas station pumps ran dry in British cities on Monday and vendors rationed sales as a shortage of truckers strained supply chains to breaking point. A post-Brexit shortage of lorry drivers as the COVID-19 pandemic eases has sown chaos through British supply chains in everything from food to fuel, raising the spectre of disruptions and price rises in the run-up to Christmas..... [more]

  • Fuel supply: Minister blames empty petrol pumps on unnecessary purchases.... [more]

  • Plans to offer temporary visas to foreign lorry drivers will not make a big difference to the UK's skills shortage, the boss of one of Europe's biggest goods vehicle firms has said. There was no longer an "endless amount of labour" in eastern Europe looking for such jobs, said Jens Romer Sode, chief operating officer of Girteka..... [more]

  • The UK government could ask the military to deliver gasoline to service stations after a shortage of tanker drivers forced some to close last week, triggering a spate of panic buying by British motorists..... [more]

  • Farmers warn of Christmas turkey shortage due to lack of staff.... [more]

  • Aldi will create 2,000 jobs and open another 100 stores across the UK over the next two years as part of a £1.3bn plan to take a larger share of the British grocery market. The German discounter played down the impact of the UK’s supply chain crisis on its stores, saying Aldi was insulated from the shortage of HGV drivers because it directly employed most of its drivers and benefited from a more local supply chain..... [more]

  • Rolls-Royce sells Spanish unit for €1.7bn as it repairs finances.... [more]

  • Calls to protect Evergrande homebuyers over investors. Chinese state media commentators call for orderly restructuring rather than bankruptcy as specter of social instability rises.... [more]

  • Sharp falls in the stocks and bonds of China Evergrande Group have raised the spectre of losses for global asset managers with exposure to the embattled property developer..... [more]

  • Comic and animation fans in China were in for a nasty shock this weekend as authorities turned their crackdown on the entertainment industry to yet another target. The National Radio and Television Administration, the country's broadcasting authority, announced late Friday that it would ban cartoons and other TV shows primarily produced for children that contain any mention of violence, blood, vulgarity or pornography..... [more]

  • China power crunch spreads, shutting factories and dimming growth outlook.... [more]

  • China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington's measures to limit the import of solar panel cells, calling it "erroneous and dangerous" on Monday..... [more]

  • India’s tourism industry is hoping for a recovery as daily Covid-19 cases decline in number and vaccination drives pick up. Expectations are that the forthcoming October-December festive season will provide an additional boost..... [more]

  • India accelerates talks with Taiwan on chip plant, trade deal.... [more]

  • An Indian government plan to raise US$80 billion by leasing state infrastructure to private companies has earned both plaudits and brickbats as dueling imperatives of the need to stimulate new growth and protect national sovereignty go head-to-head..... [more]

  • Analysis - Ian Verrander: China's Great Wall of Debt: can it afford a default?.... [more]

  • Analysis - Yoruk Bahceli and Dhara Ranasinghe: Left or right, German election leaves investors braced for more spending.... [more]