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2,778.76 0.09%
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Australian dollar rises on US-China trade hopes, Apple and tech stocks tumble - Dotemirates
2 month 4 day

Australian dollar rises on US-China trade hopes, Apple and tech stocks tumble

By business reporter David Chau, wires The Australian dollar outperformed most major currencies overnight, helped by a sharp fall in the greenback and renewed hopes for US-China trade talks.The local currency lifted by 0.7 per cent to 71.68 US cents, which is still near its lowest level in two-and-a-half years.It has also risen against the British pound (+0.6pc), euro (+0.6pc) and Japanese yen (+0.4pc).But Australian shares are expected to fall in early trade, with ASX futures down 17 points.In local economic news, the Australian Bureau of Statistics will release its latest job figures on Thursday morning.Reuters-polled economists are predicting that...


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Business News

1 hour 58 minute

There is ‘no good Brexit’ for UK car parts boss

CANNOCK: “There is no good Brexit!” insists Greg McDonald, chief executive of Goodfish Group, a UK-based company making plastic components for the country’s key car sector. The small company, nestled in the Midlands not far from Birmingham, the UK’s second largest city, sells one third of its products to mainland Europe, with weekly shipments to Poland and one every 10 days to the Czech Republic. In addition, most of what the group sells in the UK ends up being shipped overseas. To help Brexit-proof the business — and the whole auto industry is worried about potential disruption at ports —...
2 hour 2 second

Rolls-Royce, others still preparing for hard Brexit

LONDON: British aero-engine maker Rolls-Royce said it was continuing with contingency plans as uncertainty grows over whether Prime Minister Theresa May’s Brexit plan will receive parliamentary backing. “This agreement is only a draft,” CEO Warren East told BBC radio on Friday, joining a line of industry captains urging politicians to be pragmatic and not torpedo an agreement that would allow UK-EU trade to keep flowing. “We are going to continue with our contingency plans and that includes buffer stocks so that we have all the logistical capacity that we need to carry on running our business.” Manufacturers such as Rolls-Royce...
2 hour 3 minute

Don’t Waste Your Time on This Stupid Selling Tactic

At some point during your sales career, you may have heard some weird ideas about what you need to do to sell more. Over the years I certainly have heard a few. Here I’m going to share one sales idea that seems stupid to me and what I would do instead. Stupid sales idea A real estate agent announced she was participating in a new seven-week program. In an effort to be “bold,” she was calling 20 people a day. And then during one week, she planned to be even bolder and call 100 people. She had been told taking...

3 hour 47 minute

ADNOC Distribution reports 55% rise in Q3 profit

Fuel stations operator ADNOC Distribution reported a 55 per cent rise in third quarter profit on Thursday linked to cost efficiencies and higher footfall. Net profit for the quarter stood at Dhs558m ($152m) from Dhs360m in the third quarter of 2017. Revenue also increased 24 per cent to Dhs5.9bn ($1.6bn). ADNOC Distribution said its convenience stores generated higher revenues due to increased footfall and conversion rates in the third quarter. “We have made significant progress across all three pillars of our strategy – fuel, non-fuel and cost-efficiency initiatives. I am pleased that our commitment to improve our customer experience by...
5 hour 9 minute

Gift the best of culture, art and much more this festive season

Maison Assouline: Festive Gift Guide Assouline, the first luxury brand on culture, celebrates the art of living through their aesthetically pleasing and culturally engaging treasures this festive season. With something for everyone, Maison Assouline offers an impressive and vast selection of the very best of art, travel, design, architecture, fashion, hospitality, photography and more collectible books. Follow the modus operandi and tap into the secret of a great gift – by making it personal! For the Frequent TravellerNurturing the love of wanderlust, give the globe-trotter a great escape with one of the many curated books and accessories dedicated to travel....
5 hour 33 minute

Chinese regulator probes luxury hotel chains over poor hygiene after undercover expose

BEIJING: China’s tourism regulator has launched an investigation into poor hygiene at a string of five-star hotels, including global chains such as the Ritz Carlton and Shangri-La, after an undercover expose went viral and prompted a public outcry. The undercover video report, posted by an Internet celebrity named Huazong on Wednesday, showed cleaning staff at various luxury hotels using a single cloth to clean toilets as well as water cups and basins. China’s Ministry of Culture and Tourism said it had asked authorities in five provinces to investigate the issue, which has already prompted a flurry of apologies from big-name...