Business News

5 things you need to know today


  • AMP chairman Catherine Brenner has been urged to resign, following banking royal commission revelations of scandalous and unethical behaviour. Members of the AMP board and senior executives should be forced to account financially for their behaviour if unethical or unlawful practices are proven.
  • The US police officer accused of murdering Australian woman Justine Damond Ruszczyk outside her Minneapolis home is likely to plead not guilty arguing he acted in self-defence and used reasonable force.
  • The world's biggest medicinal cannabis company, Canopy Growth Corporation, will set up its southern hemisphere headquarters in Victoria, in a move that will create more than 200 jobs. The company is expected to spend $16 million in establishing a hub for cultivation and production in Australia, with a long term view of exporting the product overseas.
  • St George Dragons cemeted their place at the top of the NRL ladder after defeating the Sydney Roosters overnight in the Anzac Day match 24-8. In the AFL, Collingwood also kept up their winning streak defeating the Bombers 101-52, placing them 5th of the ladder.
  • Australian shares are expected to push higher, as Wall Street alternated between gains and losses, before ending its day with mixed results. The Dow Jones finished +0.25% at 24,084 the S&P 500 +0.2% at 2,639 and the Nasdaq -0.1% at 7,004. Over to Europe, the FTSE -0.6% at 7,379 the German DAX -1% at 12,442 and the Euro Stoxx 50 -0.7% at 3,486.

    Published on: Thursday, April 26, 2018

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