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David Chau
Verified
Business Reporter, ABC News (Australia)
Sydney
Beats
Australia-China relationsNational politics
software, automobiles
Content
By David Chau Verified|ABC News (Australia)VerifiedGood morning, and welcome to our blog! I'll be here to guide you through the morning's latest finance and economic news. The Australian share market is set to fall again today, with ASX futures indicating a 0.3% drop in a few hours. Investor sentiment has turned sour now that America's trade wars have officially begun. In fact, the ASX 200 has now wiped out all the gains it has made since the year began.
By David Chau Verified|ABC News (Australia)VerifiedColes has revealed a 3 per cent fall in half-year profit — though it is not because groceries are getting cheaper. Its statutory profit was slightly lower at $576 million, in the six months leading up to January 5. The company received a major boost from its supermarket division, which recorded a 7 per cent increase in EBITDA (earnings before interest, tax, depreciation and amortisation) to $1.08 billion.
By David Chau Verified|ABC News (Australia)VerifiedGood morning, and welcome to our blog! I'll be here to guide you through the morning's latest finance and economic news. The Australian share market is set to fall again today, with ASX futures indicating a 0.3% drop in a few hours. Investor sentiment has turned sour now that America's trade wars have officially begun. In fact, the ASX 200 has now wiped out all the gains it has made since the year began.
Company Info
ABC News (Australia)
Ultimo, New South Wales, Australia
+61 2 8333 2821