Business News

5 things you need to know today

1. Ahead of the Wentworth by-election on Saturday, a fake email targetting independent candidate Kerryn Phelps has been circulating that claims she has been diagnosed with HIV and would not be running in the election. Phelps described the email as "shocking and disturbing" to the ABC, while Liberal candidate Dave Sharma condemned the email on Twitter. 

2. Meanwhile, former prime minister John Howard has been brought in to convince voters to choose Sharma. Howard wrote in a letter to Wentworth constituents that "a vote for anyone other than Dave Sharma in Wentworth, risks putting Bill Shorten dangerously close to power".

3. The S&P/ASX 200 closed 1.2% higher yesterday at 5939.1 yesterday, the best performance in 4 months, following the positive lead of the US market on Tuesday.  

4. 250 million new $50 notes will begin circulating from today, with the Reserve Bank assuring that problems with the updated $5 and $10 notes being recognised by some machines will be minimised.

5. Chengdu, a city in south-west China, is planning to launch an artificial moon eight times as bright as the actual moon that would remove the need for streetlights.

Published on: Thursday, October 18, 2018

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