BusinessDay Newsletter

6 December 2013
The Sydney Morning Herald
Jetstar costs soar as planes parked

Qantas concerned over mounting costs for Jetstar's delayed Hong Kong offshoot.

ASX set to continue slide
Holden may quit Australia in 2016
Nine tipped for a good start
Advertisement
Malcolm Maiden Colin Kruger
Hockey blows the roof off the house A lesser spotted generous vulture
Latest Business News
$A firms as US growth figures ...
International markets roundup
US factory orders are down
Australian market set to open lower
Markets
Dollar drops below 90 US cents, bears move in
The Australian dollar has shed half a US cent after a surprisingly strong US employment report boosted the greenback.
 
European stocks slide on big banking fine
Europe's main stock markets are down, with the banking sector sliding after the European Union slapped huge fines on six banks over rate-rigging.
 
ASX 200 5198.0 Steady 0.00 0.00%
All Ordinaries 5196.9 Steady 0.00 0.00%
NZ 50 4719.9 Steady 0.00 0.00%
 
Dow Jones 15840.8 Fall -48.93 -0.31%
Nasdaq 4038.8 Rise 0.78 0.02%
Hang Seng 23712.6 Fall -16.13 -0.07%
 
at 5:40PM AEST, 5 Dec 2013
 
End of day figures for Dow Jones and Nasdaq
All other figures are intraday (20 min delay)
 
The Economy
Trade deficit gives Aussie dollar another hit
Australia's trade deficit almost doubled in October, sending the dollar briefly tumbling towards US90¢.
 
Australia's economic growth falling short
The economy has continued to expand at a below-trend pace in the third-quarter of this year, with the annual growth rate at 2.3 per cent.
 
Retail
Doubts raised over GST windfall
NAB's chief economist has demolished the online GST argument put forward by retailers.
 
The Economy
Court told ANZ 'dressed up' fees
ANZ continued to charge customers fees to raise revenue but relabeled them as service fees to avoid scrutiny from the financial watchdog, a court has heard.
 
Mining & Resources
Rio Tinto looking to cut spending
Rio Tinto has flagged further cuts in capital spending over the next two years.
 
World business
EU fines banks $2.5b for rate fixing
The European Union has imposed a record 1.7 billion euros ($A2.5 billion) in fines on six institutions for rigging key interest rates that affect vast sums of money around the world.
 
Money
London calls but is it bridge too far?
We want to sell our share portfolio, borrow $100,000 and buy a property in London for our children.
Executive Style
How much should good Scotch cost?
You can pay from $50 to $500 for dad's festive tipple. Is good whisky worth the extra?
Small Business
Celebrate Work in the Nude Day
As long as you work from home, that is.
Free
Guide to Investing in Art
Collectors, experienced art investors and first time buyers, can gain useful, tips & make better-informed decisions.

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