Business News

5 things you need to know today

  • Australian businesses will be the "big winners" when the revived Trans-Pacific Partnership trade deal involving 11 countries is signed in six weeks, Trade Minister Steve Ciobo said on Wednesday after senior trade officials in Japan struck a breakthrough to revive the mega pact. The 11 countries (including Australia) agreed on the Asia-Pacific trade pact, despite the United States pulling out.
  • Thursday morning for Sydney commuters may have been a nightmare but that will only get worse on Monday as train strikes will be in full force. Stations and trains across the city were already packed by 7am on Thursday as the train worker's ban on overtime takes effect. The indefinite ban on overtime comes ahead of Monday's full-day rail network shutdown, after thousands of rail workers voted to reject a government pay deal and take industrial action.
  • Ex-USA Gymnastics team doctor Larry Nassar has been sentenced to up to 175 years in jail for sexual abuse of over 160 of his patients since 2000, including several gold medalist stars.
  • The rights to air iconic animated show The Simpsons, long a part of Network Ten, have been snapped up by Seven West Media after a deal with Fox. At a time when Seven is focused on cutting costs, it has bought free-to-air rights for new US shows, including The Simpsons and MASH, in an agreement with the American entertainment company.

  • The Aussie Dollar has surged over night as it continues to grow closer to US 81 cents. The Dow Jones finished 0.3% higher at 26,291, the S&P 500 finished flat at 2,840, and the Nasdaq closed lower on 0.5% at 7,425. In Europe, the FTSE closed lower on 1.1% at 7,643, the German DAX also finished lower on 1.1% at 13,415, and the Euro Stoxx 50 closed lower on 0.6% at 3,650.

Published on: Thursday, January 25, 2018

blog comments powered by Disqus

New on Switzer