Australian shares are poised to open higher, following Wall Street’s lead. Data bolsters case for US rate step-down. $A slips. Follow updates here.
posted lower-than-expected quarterly profit for the first time since the start of the pandemic as raw material costs continued to climb.
Full-year profit, excluding one-time items, jumped 157 per cent from 2021, far exceeding the driller’s prior record of $US45.2 billion in 2008, which at the time marked the biggest in US corporate history.‘s 2023 forecasts fell short of analysts’ expectations on precipitously declining demand for its blockbuster COVID vaccines and Paxlovid treatment.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street opens higher on positive wage cost dataShares in New York advanced in early trade. Fed policymakers begin two-day meeting. US earnings flood: Caterpillar, Exxon Mobil, Pfizer, McDonald’s, GM.
Read more »
New requirement for streaming services to show and make Australian content is ‘positive’Former Labor Senator Stephen Conroy says the new requirement for streaming services to show and make Australian content is “positive” for Australian culture. “I think that’s a positive thing,” he told Sky News host Andrew Bolt. “That levels the playing field and it ensures that Australian stories and Australian culture has a place going forwards. “So I have absolutely no difficulty with that.”
Read more »
The Australian Open was missing spectators from a specific nation — and it signals a wider dilemmaHow does China really feel about Australia? Tourism may show us, as the nation and its people decide whether they'll head back Down Under in the same numbers they were pre-pandemic.
Read more »
ASX Live: Australian shares, Federal Reserve meeting tops agenda, Apple to report on Friday AEDTAustralian shares to open higher, lifted by further gains in New York. Meta, Apple, Alphabet to report. Focus on US policymakers. Follow updates here.
Read more »
People are ‘desperate for work’ in Australian media production landscapeArts Minister Tony Burke says people are “desperate for work” in the Australian media landscape and we should utilise them to produce more local content. “This is an industry where you’ve got people everywhere desperate for work, the capacity of Australian, particularly scripted drama, but the capacity of Australian content to grow is not difficult,” Mr Burke told Sky News Australia. “You’ve got a whole lot of people out there, anxious, talented people wanting to get more work in the industry, this can be done without driving those costs up.”
Read more »
Defining ‘Australian content’ is important in coming months for streaming servicesArts Minister Tony Burke says defining “Australian content” will be important in the coming months to understand what extent of movies and shows coming out are really “our stories”. “That’s one of the issues that gets worked through over the first six months of this year,” Mr Burke told Sky News Australia. “Some of the streamers are wanting to say anything that involves an Australian at all is automatically Australian content, and they’ll say 'Thor' was filmed here or 'Elvis' was filmed here. “Most Australians would say that those movies aren’t necessarily us watching our own stories on screen – there’ll be a discussion working through exactly to what extent you give credit for some shows that are clearly not our stories but are also important for the economy.”
Read more »