Business News

5 things you need to know today

  • The Aussie dollar has fallen to a one-year low, as US-China tensions continue to grow. The dollar fell slightly to 74.2 US cents thanks to the US-China trade spat, which is a risk to the constructive global growth outlook. 
  • Optus has announced that all World Cup games will be simulcast on free-to-air SBS for two days, after a wave of complaints about its subscription streaming service. Optus Sport holds the exclusive rights for most World Cup matches, but many subscribers have been unable to watch live games amid connection issues, dropouts and other faults during the tournament's opening days.
  • US President Donald Trump says he will not allow the United States to become a "migrant camp" as his administration faced a barrage of criticism for separating immigrant children from their parents at the US-Mexico border. Democrats and some in Mr Trump's own Republican Party have admonished the administration for dividing nearly 2,000 children from their parents between mid-April and the end of May. The family separations are the result of Mr Trump's "zero tolerance" policy that arrests all adults who are caught trying to enter the US illegally, including those seeking asylum.
  • Over to the FIFA World Cup, England captain Harry Kane hailed their 2-1 victory over Tunisia as "massive" after he headed home his second goal in stoppage time in their opening World Cup Group G match on Monday.
  • In markets, the Dow Jones has been on a losing streak for the last five days, falling 0.4% to 24,987. The broader S&P 500 slipped 0.2%, while the Nasdaq closed flat. Over to Europe,  FTSE flat at 7,631 the German DAX -1.4% at 12,834, and the Euro Stoxx 50 -1.1% at 3,467.

Published on: Tuesday, June 19, 2018

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