Business News

5 things you need to know today

  • Passengers at Sydney Airport are facing major delays after a system shutdown prevented flights from leaving, having a knock-on effect at airports around the country. While limited screening reopened just before 7am, the major delays are expected to have a knock-on effect at airports across Australia. The Qantas T3 terminal was not affected.

  • US President Donald Trump appears set to avoid slapping steel and aluminium tariffs on Australia after intense lobbying by Australian officials, who argued the tariffs would pose a national security risk. On Friday morning, Mr Trump talked up the US-Australian relationship and indicated Australia would be an ally that would not face the tariffs.

  • Brisbane Broncos have gone down to St George Illawarra overnight in the first game of the 2018 NRL season. The Dragons stole the win from the Broncos who were game favourites, 34-12.

  • Australian trade has rebounded from a surprisingly large deficit at the end of last year, to record an unexpectedly large surplus in January. In seasonally adjusted terms, Australia recorded a $1.05 billion surplus, a more than $2 billion turnaround on the $1.1 billion deficit the month before.

  • Wall Street ended on a high note after US President Donald Trump announced his import tariffs on steel and aluminium will start in 15 days. In markets the Dow Jones +0.4% at 24,894, S&P 500 +0.4% at 2,739 and the Nasdaq +0.4% at 7,428. Over to Europe, the FTSE +0.6% at 7,203, the German DAX +0.9% at 12,356 and the Euro Stoxx 50 +1.1% at 3,416.

Published on: Friday, March 09, 2018

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