Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: After being up as much as 34.7 points before noon, the benchmark S&P/ASX200 index finished Friday up just 2.5 points, or 0.04 per cent, at 7,090.5 points..... [more]

  • U.S. Market Report: Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns over the scope of the coronavirus outbreak, capping the S&P 500’s worst week in six months..... [more]

  • North/South Americas Market Report: North and South American markets finished lower on Friday with shares in Brazil leading the region. The Bovespa is down 0.96% while U.S.'s S&P 500 is off 0.90% and Mexico's IPC is lower by 0.74%..... [more]

  • European Market Report: European markets finished broadly higher on Friday with shares in Germany leading the region. The DAX is up 1.41% while London's FTSE 100 is up 1.04% and France's CAC 40 is up 0.88%..... [more]

  • Asian Market Report: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.15% and the Nikkei 225 rose 0.13%. The Shanghai Composite lost 2.75%..... [more]

Australian Business News

  • 18 Share Tips – 27 January 2020.... [more]

  • Why real estate investors should consider multiplying their assets. Property investment is a popular pastime for more than two million Australians, but if you want it to grow you riches you need to treat it as a business instead..... [more]

  • Canberra hail storm leaves NRMA customers wondering when their cars will be towed and repaired. It has been almost a week since golf ball-sized hail pummelled Canberra, but thousands of damaged cars are still waiting to be towed away and repaired..... [more]

  • Genworth Mortage Insurance Australia has named a KPMG partner to serve as its next chief executive and managing director. Pauline Blight-Johnston, a former AMP and Challenger executive, will take over from acting chief executive Duncan West on March 2..... [more]

  • Galena Mining on track for initial production at Abra Base Metals Project in 2021. The company is focused on reaching production at the Abra project in the Gascoyne region of Western Australia and exploring its Woodlands, Manganese Range and Quartzite Well prospects..... [more]

  • Lynas Corp has raised the prospect of moving some of the upstream processing of its rare earths to Western Australia in a move that would further isolate the Malaysian sovereign risk that has threatened the future of the $1.6 billion group.... [more]

  • Cassini Resources on track for West Musgrave PFS in first quarter 2020.... [more]

  • Platina Resources – A once in a Blue Moon opportunity. Proactive's mining analyst, Dr Ryan Long, catches up with Platina Resources MD, Corey Nolan. Nolan takes us through the company’s portfolio of projects and highlights what can be expected in 2020..... [more]

  • Traditional owners and the Indigenous Australians Minister Ken Wyatt have signed off on a new exploration proposal for a uranium, gold and palladium mine in the Northern Territory. The Eclipse Metals project still needs approval from the NT Resources Minister but the company said in an ASX announcement it was confident approval would be granted..... [more]

  • Elementos strengthens board with appointment of experienced mining executive Brett Smith.... [more]

  • As big players come and go, retail's real victims are regional.... [more]

  • WA crayfish industry halts exports as coronavirus shuts down Lunar New Year celebrations. For the first time the world's largest rock lobster exporter has put all deliveries on hold, as Lunar New Year celebrations are cancelled due to the coronavirus outbreak in China..... [more]

  • Crown Resorts has shaken up its governance structure as it heads into several regulatory inquiries, appointing Helen Coonan as its chairwoman and Ken Barton as chief executive and managing director..... [more]

  • The owner of an iconic party supply business in Adelaide's south says he will be closing for good after the SA Government gave him until March 1 to vacate the site for a major intersection upgrade..... [more]

  • Former dentists launch business that within two years is worth $10 million. Two brothers switched careers due to family circumstances but have come out the other side with a successful luxury goods empire..... [more]

  • Analysis - Bob Kohut: Did BlackRock Pull the Plug on King Coal?.... [more]

  • Opinion - Ross Gittins: Another year of getting and spending – but why do we bother? In the Aussie calendar, tomorrow – the day after the Australia Day holiday – is the unofficial start to the working year..... [more]

World Business News

  • Coronavirus: Could it damage the global economy?.... [more]

  • Did the US just concede defeat in China tech war? Washington abandons long-expected rules to tighten controls on export of components to telecom giant Huawei.... [more]

  • Federal regulators in the United States have slapped former Wells Fargo chief executive John Stumpf with a US$17.5 million ($25.5 million) fine for his role in the bank's sales practices scandal..... [more]

  • The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Jeff Carpoff, 49, pleaded guilty to money laundering and conspiracy to commit wire fraud, while Paulette Carpoff, 46, pleaded guilty to money laundering and conspiracy to commit an offense against the United States..... [more]

  • Apple earnings: A year after holiday misfire, Apple is worth twice as much.... [more]

  • Electric vehicle maker Rivian: expect prices lower than previously announced.... [more]

  • Boeing Co successfully staged the first flight of the world’s largest twin-engined jetliner on Saturday in a respite from the crisis over its smallest model, the grounded 737 MAX..... [more]

  • After Brexit-settling election, UK firms see business bounce.... [more]

  • The government is aiming to secure a "zero tariff, zero quota" free trade deal with the EU, Brexit Secretary Stephen Barclay has said. He told the BBC's Andrew Marr the UK would not diverge from current EU trade regulations "for the sake of it"..... [more]

  • U.S. Treasury chief Mnuchin says optimistic about U.S.-UK trade deal. U.S. Treasury Secretary Steven Mnuchin said that he was optimistic the United States and Britain, soon to be out of the European Union, would strike a trade deal this year and that he had discussed it with Britain’s finance minister on Saturday..... [more]

  • Britain said it would cut business rates for small pubs by £1,000 from April, giving extra help to pubs as part of a wider package aimed at ensuring shops, cinemas and cafes can survive in local high streets..... [more]

  • Turkish conglomerate Cengiz Holding said on Sunday it was ready to bid for British Steel if a sale to China’s Jingye Group (600768.SS) fell through. “British Steel is an important asset and we are watching developments closely and are ready to make a bid for the whole of British Steel,” Cengiz Holding CEO Omer Mafa said in a statement..... [more]

  • Rupert Murdoch is poised to mount an attack on the vulnerable BBC with a new radio station designed to threaten Radio 4. The UK arm of the media mogul's News Corp empire is due this week to announce details of Times Radio, a DAB channel funded from the -marketing budget of The Times titles..... [more]

  • Tesla (TSLA.O) Chief Executive Elon Musk sought to allay environmental concerns about the electric carmaker’s planned factory in Germany, saying the plant would use less water than was estimated originally..... [more]

  • The boss of France's state-controlled telecoms operator Orange on Thursday renewed his defence of Huawei's right to sell 5G equipment in Europe amid tense debates on the continent over mobile-network security..... [more]

  • Hong Kong bans entry of visitors from China virus province.... [more]