Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: Australia’s share market finished lower and the Aussie dollar edged down towards 70 US cents as the Reserve Bank gave further suggestions of a rate cut next month. The S&P/ASX200 benchmark index fell by 44.8 points, or 0.72 per cent, to 6184.6 on Tuesday..... [more]

  • U.S. Market Report: Wall Street’s main indexes rose on Tuesday as investors hoped for more stimulus from Washington, with Senate Republicans preparing to vote on a bill to help small businesses hammered by the COVID-19 pandemic..... [more]

  • North/South Americas Market Report: North and South American markets are sharply higher today with shares in Brazil leading the region. The Bovespa is up 1.79% while Mexico's IPC is up 1.14% and U.S.'s S&P 500 is up 1.02%..... [more]

  • European Market Report: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.08%, while the DAX led the CAC 40 lower. They fell 0.92% and 0.13% respectively..... [more]

  • Asian Market Report: European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.08%, while the DAX led the CAC 40 lower. They fell 0.92% and 0.13% respectively..... [more]

Australian Business News

  • Consumer confidence hits 20-week high.... [more]

  • The number of payroll jobs for Australians aged under 20 is rising above pre-coronavirus levels, but jobs for every other age group are on the decline..... [more]

  • AMP is now live with a new open source and cloud-based environment called the ‘AMP data brain’, laying out an 18-month roadmap to integrate all its data sources into the platform..... [more]

  • Afterpay and Zip have struck deals with Westpac and Visa to bundle their services, giving the buy-now-pay-later providers access to many more customers. Afterpay on Tuesday said it will offer its 3.3 million users in Australia the ability to link Westpac transaction and savings accounts..... [more]

  • Afterpay shares surge as buy now, pay later firms join forces with banking and credit giants.... [more]

  • Savers have been dealt a financial blow, with the Commonwealth Bank slashing savings rates on deposit accounts. Bowing to the economic pressures from the coronavirus pandemic, the country’s largest retail bank has carved five basis points off its standard and conditional savings accounts, including its kids savings product linked to the Dollarmites school banking program..... [more]

  • Origin Energy's plans to drill for gas in the Northern Territory's Beetaloo Basin have come under scrutiny, with shareholders raising concerns about global warming and some Indigenous groups warning the project threatens sacred water systems..... [more]

  • Yandal Resources raises $6 million to accelerate gold exploration. The placement was supported by two large gold investors and funds raised will be used in exploration across Yandal's suite of gold projects in Western Australia..... [more]

  • BHP posts 7 per cent rise in ore output.... [more]

  • BHP shelves $3.5b expansion plan for Olympic Dam.... [more]

  • Infinity Lithium directors show confidence in integrated lithium supply strategy through entitlement offer participation. The company's San José Lithium Project is an important component in the EU’s development of a vertically integrated lithium-ion battery supply chain..... [more]

  • Jervois Mining (ASX:JRV) to pocket $45M through share placement.... [more]

  • Cyclone Metals plans initial exploration at rare earths project as it progresses tenure application. Cyclone has engaged Allender Exploration, a geological consultant with extensive experience in the project area, to undertake an initial exploration program..... [more]

  • Bod Australia (BOD) has launched four new Cannabidiol (CBD) products in the Netherlands under the Swisse Wellness brand. Swisse Wellness is an Australian vitamin and skincare brand now selling the CBD products on its eCommerce channels and in-store at health-food chain Holland and Barrett..... [more]

  • Stemcell United (ASX:SCU) to acquire 50pc of Lantene.... [more]

  • MGC Pharmaceuticals delivers record consecutive weekly sales growth post launch of new Mercury Pharma line. It is well on track to achieving record sales for the December quarter with strong domestic order pipeline until the end of 2020 and increasing orders from Brazil and the UK..... [more]

  • Cochlear boss Dig Howitt has warned the second wave of coronavirus could hamper the return of elective surgery, complicating the hearing implant maker's path back to pre-COVID business conditions..... [more]

  • Etherstack (ASX:ESK) strikes tech permit with TPL Systemes.... [more]

  • The Australian financial crime watchdog warned Crown Resorts in June 2017 that the boss of one of its high-roller junket partners was a foreign “politically-exposed person” with a criminal history, a NSW inquiry into the casino operator has heard..... [more]

  • Work from home revolution during coronavirus pandemic powers spike in cybercrime, new PwC report says.... [more]

  • A federal police investigation into a controversial government land purchase will look at whether disgraced former NSW MP Daryl Maguire was involved. The federal infrastructure department in 2018 paid $30 million for land worth $3 million near the Western Sydney Airport..... [more]

World Business News

  • Why investors shouldn't count on another big stimulus package. The prospect of US lawmakers producing another big stimulus package before the election has tantalized investors for months..... [more]

  • Qualcomm Inc on Tuesday said it will produce chips for 5G telecommunications networking gear, marking the first entry by a major American technology company into a market dominated by European and Chinese firms..... [more]

  • US chipmaker Intel (INTC) is selling part of its memory chip business to SK Hynix for $9 billion in a deal that would make the South Korean company the world's second biggest flash memory chipmaker..... [more]

  • Exxon denies Trump called CEO for money. But Big Oil is donating way more to Trump than Biden.... [more]

  • Walmart Inc is aggressively expanding its advertising business after years of stuttering progress, even as a proposed deal to buy a stake in video-sharing app TikTok remains stuck in limbo..... [more]

  • The Trump administration on Tuesday sued Google in what is the largest antitrust case against a tech company in more than two decades. In its complaint, the Justice Department makes sweeping allegations that Google (GOOG) has stifled competition to maintain its powerful position in the marketplace for online search and search advertising..... [more]

  • The U.S. Justice Department filed an antitrust lawsuit against Alphabet Inc’s Google on Tuesday, accusing the $1 trillion company of illegally using its market power to fend off rivals and said nothing was off the table, including a breakup of the internet search and advertising company..... [more]

  • GM to invest $2 billion to build electric vehicles in Tennessee.... [more]

  • Intel Corp’s $9 billion sale of its NAND memory chip unit will help the U.S. chip giant focus on its core business in higher-margin processors, Wall Street analysts said on Tuesday, after its deal with South Korea’s SK Hynix Inc..... [more]

  • Berkshire Hathaway fined for alleged Iran sanctions violations.... [more]

  • The European Union attracted the highest demand ever for a bond sale on Tuesday at over 233 billion euros ($275 billion), bankers involved in the deal said, as it kicked off fund raising for its SURE unemployment scheme..... [more]

  • Business groups accuse PM of 'box ticking' in Brexit call.... [more]

  • A frustrated European Union and piqued Britain both exhorted the other on Tuesday to compromise to avoid a fast-approaching disruptive finale to the five-year Brexit drama that would add to economic pain from the coronavirus crisis..... [more]

  • UK job losses 'could be larger than forecast'.... [more]

  • Chocolate industry slammed for failure to crack down on child labour. Nearly 20 years after the world’s major chocolate manufacturers pledged to abolish employment abuses, hazardous child labour remains rife in their supply chains, a new study finds..... [more]

  • Pandemic spurs buy-up of debt-laden airlines in China.... [more]

  • Analysis - Raphael Satter: What monopoly case? DOJ lawsuit unlikely to knock Google from pole position.... [more]

  • Opinion - Tran Le Thuy: Vietnam is fighting Covid without pitting economic growth against public health..... [more]