Business News

5 things you need to know today

1. The savings from Labor's changes to negative gearing could be overstated by between $2.5 billion to $8 billion over the next ten years according to a report by the AFR.

2. Wynn Resorts has ended takeover talks with Crown Resorts after the "premature disclosure of preliminary discussions" between the two companies, Wynn said in a statement.

3. European Council president Donald Tusk has suggested that the European Union could give the UK a flexible Brexit delay of up to a year, rather than a delay until June 30 as requested by British Prime Minister Theresa May.

4. The Dow Jones closed down 0.72% overnight, while the S&P 500 fell 0.61% and the Nasdaq dropped 0.56%.

5. US President Donald Trump has proposed implementing tariffs on US$11 billion of products from the European Union in response to subsidies given by the EU to Airbus.

Published on: Wednesday, April 10, 2019

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