Business News

5 things you need to know today

1. Former prime minister Kevin Rudd has suggested that China may be considering cutting tariffs to zero, following the 90-day trade truce between the US and China at the G20 summit on the weekend.

2. Julie Bishop will reportedly retire from parliament close to the next election according to a story by The Australian that cites Liberal party insiders.

3. The US stock market was closed overnight for a national day of mourning following the death of George H.W. Bush last week.

4. Oil prices have continued to slip as major producers meet in Vienna to discuss cutting production levels. West Texas Intermediate crude for delivery in January fell 0.7% to US$52.89 a barrel while Brent crude fell 0.8% to US$61.56.

5. Two dinosaur jaw fragments dating back around 100 million years ago that were found in a bag of rough opal have led to the first new dinosaur species discovered in New South Wales in almost a century.

Published on: Thursday, December 06, 2018

blog comments powered by Disqus

New on Switzer