Business News

5 things you need to know today

1. British MPs have rejected a no-deal Brexit in the House of Commons. MPs voted 312 to 308 in favour of an amendment to Prime Minister Theresa May's main motion that removed the line "leaving without a deal remains the default in UK and EU law unless this house and the EU ratify an agreement". The amended motion then passed by 321 votes to 278.

2. Labor's plan to introduce a 'living wage' could see Australia become the country with the highest minimum wage according to an analysis of OECD figures published by the Sydney Morning Herald.

3. Commonwealth Bank of Australia has suspended plans to demerge its wealth management and mortgage broking businesses. CBA said in a statment that it is prioritising the implementation of recommendations from the Hayne Royal Commission.

4. The United States has become the last major country to ban Boeing's 737 MAX 8 aircraft from its airspace, with President Donald Trump declaring an emergency order to ground the aircraft.

5. The Dow Jones rose by 0.58% to 25,702.89 points overnight, and both the S&P 500 and the Nasdaq lifted 0.69% to 2,810.92 points and 7,643.41 points, respectively.

Published on: Thursday, March 14, 2019

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