Business News

5 things you need to know today

1. Sydney has been hit with the more than the average rainfall for the month of November in less than two hours this morning. As of 8:30am, rainfall had passed 100mm.

2. Treasurer Josh Frydenberg will not attend the G20 summit in Argentina this weekend, in the fallout of Julia Banks' decision to quit the Liberal Party and sit on the crossbench.

3. The White House is having "a lot of communication" with all levels of the Chinese government according to US National Economic Council Director Larry Kudlow, helping to push the Dow Jones up 108.49 points, or 0.44%, and the S&P 500 up 8.75 points, or 0.33%.

4. Donald Trump has threatened to cut subsidies for General Motors after the company announced it plans to cut up to 15,000 jobs in the US. 

5. A New York police officer has been roasted by his colleagues after rescuing a chicken from a shed fire over the weekend.

Published on: Wednesday, November 28, 2018

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