Business News

5 things you need to know today

1. Josh Frydenberg will speak about "storm clouds" hanging over the global economy at the Sydney Institute today, with the Treasurer saying that "Persistent trade tensions, high global debt levels and a contraction in growth in several key economies has changed the global outlook"

2. Fund managers are under pressure to reduce fees for underperformance according to a report by the AFR.

3. The US stock market was closed overnight for the federal holiday Martin Luther King Jr. Day.

4. Up to 40 British MPs could resign if Theresa May's government does not allow a free vote on a plan that would prevent a no-deal Brexit, according to Work and Pensions Secretary Amber Rudd.

5. The Socceroos have defeated Uzbekistan in a 4-2 penalty shootout to advance to the quarter-finals of the Asian Cup. Australia will face the host nation, United Arab Emirates, on Friday.

Published on: Tuesday, January 22, 2019

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