In the meantime, the Australian dollar slipped against its u.s. counterpart, which strengthened in the midst of a speech that long-awaited tax reform of the guidance will be released by the end of September. The local currency was trading at 79.85 cents at 0700 AEST on Thursday, from 80.28 Wednesday.
WORLD FINANCE UPDATE:
WASHINGTON, DC â€” the u.s. producer prices rebounded in the month of August, driven by a rise in the cost of gasoline, and there were also signs of a recovery in underlying producer inflation.
LONDON â€” in Britain the job market is defying the Brexit blues, but the wages are still in the dumps, data shows, suggesting the Bank of England will tread carefully with signals on when you can finally raise interest rates.
WASHINGTON, DC â€” The top Democrat on the house of Representatives Committee on Intelligence, ” say the representatives of Facebook and Twitter should appear before the panel to discuss the Russian activities during the 2016 election.
FRANKFURT â€” the european automotive industry has agreed to reduce emissions of carbon dioxide in the next few years, one of the largest car shows in Frankfurt, but only on the condition that the electric cars prove to be successful.
SAO PAULO â€” Brazil, the federal police has arrested the ceo of JBS SA, the world’s largest meatpacker, saying that he used insider information to avoid huge losses related to a plea agreement signed at the beginning of this year.
COLOGNE, GERMANY â€” Facebook has tightened its rules on who can make money from advertising on its network, responding to the criticism that it’s too simple for vendors of fake news and sensational headlines to cash in.
NETWORK TEN â€” Ten directors failed to tell the issuer’s creditors that a takeover by US media giant CBS is not treating everyone the same way, and is likely, therefore, to be challenged, attorneys for the rival bidder Bruce Gordon has told a court.
AVEO â€” assistance for the elderly company Aveo Group has denied taking advantage of elderly residents after a law firm has said that it may start a second class action against the company for alleged use of â€œunfair and unconscionableâ€ contracts.
MYER â€” Myer fight to overcome slow consumer spending will again be under the spotlight on Thursday, with the department store giant is expected to confirm a fall in sales between its full-year results.
CONSUMER WESTPAC â€” soaring power bills and other successes on the family budget of average consumers remain beat, despite a better jobs outlook, an economist says.
JEMENA â€” head of the energy infrastructure owner Jemena has joined the chorus of energy industry executives call for clear policy of the government, saying uncertainty could jeopardize large investments.
NEWCREST â€” Gold miner Newcrest has resumed mining from the second section of the Cadia East mine in NSW, where operations had been suspended by the earthquake in the month of April.
JETSTAR â€” Travellers can pay for their flights in installments after the Jetstar became the first Australian airline to sign up with the payment platform of the payment Afterpay.