Morning business roundup

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Read a sample of the Morning Business Roundup from today.

Market Reports

  • Australian Market Report: Australian shares are poised to fall when trade begins after the long weekend amid fears the spread of the deadly coronavirus will hurt global markets. The futures market is pointing to a 31-point drop when trade begins on Tuesday, after falls on Wall Street on Friday..... [more]

  • North/South Americas Market Report: North and South American markets are sharply lower today with shares in Brazil off the most. The Bovespa is down 2.74% while Mexico's IPC is off 2.27% and U.S.'s S&P 500 is lower by 1.22%..... [more]

  • European Market Report: European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 2.74% while France's CAC 40 is off 2.68% and London's FTSE 100 is lower by 2.32%..... [more]

  • Asian Market Report: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.15%, while the Shanghai Composite led the Nikkei 225 lower. They fell 2.75% and 2.03% respectively..... [more]

  • U.S. Market Report: Wall Street’s main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations..... [more]

  • North/South Americas Market Report: North and South American markets are sharply lower today with shares in Brazil off the most. The Bovespa is down 2.61% while Mexico's IPC is off 2.30% and U.S.'s S&P 500 is lower by 1.15%..... [more]

  • European Market Report: European markets finished sharply lower today with shares in Germany leading the region. The DAX is down 2.74% while France's CAC 40 is off 2.68% and London's FTSE 100 is lower by 2.32%..... [more]

  • Asian Market Report: Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.15%, while the Shanghai Composite led the Nikkei 225 lower. They fell 2.75% and 2.03% respectively..... [more]

Australian Business News

  • The era of ultra-low interest rates has been tough for stock pickers, as a flood of cheap money has inflated share prices and played havoc with many conventional ways of valuing businesses. But a principal of Alphinity Investment Management, Andrew Martin, says it's possible to get too caught up in "simplistic" views about valuation and end up missing out on some good investments.... [more]

  • The financial complaints watchdog is warning victims of the recent bushfires about potentially dodgy "middlemen" offering to broker quick payouts with insurance companies..... [more]

  • 88 Energy raises A$5mlnahead of Charlie well programme.... [more]

  • K2fly secures five-year RCubed software deal with mining giant Gold Fields.... [more]

  • Latin Resources receives positive kaolinite and halloysite results from Noombenberry. Latin Resources is focused on its Noombenberry Kaolin Halloysite Project in WA and has a portfolio of lithium projects in South America..... [more]

  • The sale of Casino Canberra has fallen through, casting a cloud over the venue's immediate future. Aquis Entertainment Limited on Wednesday announced a long-awaited deal to transfer ownership of the casino to Blue Whale Entertainment had been terminated..... [more]

  • Retail giants Kmart and Target have been accused of poaching and reproducing similar designs of a string of Australian homewares businesses, including Bride & Wolfe, Olli Ella and Belle & Co. The latest allegations follow Target agreeing to no longer stock a product which Queensland business Emondo kids claimed was a copy of its koala plate..... [more]

  • Crown Resorts' controversial investor, Lawrence Ho's Melco Resorts and Entertainment, is expected to respond on Monday to reports that its offices in Tokyo were raided as part of a political corruption probe relating to casino developments in the country..... [more]

  • Hail-damaged cars may not be the bargain they appear. As the damage bill from the storm reaches tens of millions of dollars, ACT Fair Trading has cautioned that cars which are a statutory write-off can only be used for spare parts and scrap, and restrictions apply on vehicles assessed as repairable write-offs..... [more]

  • Opinion - Stephen Bartholomeusz: Coronavirus outbreak could shake a vulnerable global economy. The outbreak of the new coronavirus in China is generating fear and unsettling markets..... [more]

  • Analysis - Andrew Robertson: How AMP's treatment of fee-for-no-service victims mocks attempts to improve financial services industry. 2020 is meant to herald a new era in financial planning..... [more]

  • Analysis - Andrew Robertson: Crown Casino shows corporate Australia still doesn't get it on excessive pay. It was straight from the public relations playbook. If you've got bad news to release, do it on a Friday afternoon..... [more]

  • Opinion - Richard Holden: The end of the checkout signals a dire future for unskilled workers. There has already been a fair number of jobs lost to automation over recent decades - from factory workers to bank tellers..... [more]

World Business News

  • Geopolitical tensions and low interest rates have driven the price of gold to a six-year high, but there are warnings it may not last..... [more]

  • Oil prices have fallen 10% as coronavirus raises fears for global growth.... [more]

  • A growing number of American economists are bullish about growth in the coming year. The National Association for Business Economics said in a survey released Monday that 67% of respondents expect America's gross domestic product -- the most complete measure of the nation's economy -- to grow by 1.1% to 2% this year..... [more]

  • Johnson & Johnson Chief Executive Alex Gorsky told a jury Monday that he did not read all the internal company documents related to potential asbestos contamination in Johnson’s Baby Powder. It was the CEO’s first appearance in a jury trial over allegations that the company’s Baby Powder causes cancer..... [more]

  • GM to invest $2.2 billion at Detroit factory to make electric trucks, SUVs.... [more]

  • AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys.... [more]

  • Apple Inc.'s AAPL, -2.26% stock price target was raised to $290 from $280 at Deutsche Bank, but that new target is still 8.9% below Friday's closing price of $318.31, as analyst Jeriel Ong reiterated his hold rating. Ong said he raised his price target because he expects iPhone unit demand to be better than Wall Street currently expects..... [more]

  • Irish Prime Minister Leo Varadkar said the European Union will have the upper hand in trade talks with the United Kingdom as the bloc’s chief negotiator warned of the risk of a disruptive cliff-edge Brexit for business at the end of the year..... [more]

  • US warns UK over Huawei 5G network. Britain’s sovereignty is at risk if the country allows Chinese tech giant Huawei to help build its 5G infrastructure, the US secretary of state has warned..... [more]

  • Johnson on Huawei: We will do 5G without hurting security. Prime Minister Boris Johnson said on Monday he would make a decision on Huawei’s role in Britain’s future 5G network that would give Britons the benefits of the new technology without compromising national security..... [more]

  • Trump's 'massive' U.S.-UK trade deal faces big hurdles.... [more]

  • British banks approved the highest number of mortgages in more than four years in December, industry group UK Finance said on Monday, adding to signs of a turnaround in the country’s housing market since last month’s election..... [more]

  • Sweeping cyberattacks targeting governments and other organisations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security officials said..... [more]

  • Wuhan’s silent predator will hit China’s economy. The virus-ravaged city that has merged Motown with Silicon Valley could knock 1% off the country’s GDP.... [more]

  • Major shops, restaurants and tourist destinations are shuttering their doors across China, as global businesses begin to feel the effects of the deadly Wuhan virus outbreak..... [more]

  • China's finance ministry and National Health Commission have announced 60.33 billion yuan ($12.8 billion) in funding to curb the spread of coronavirus, as the death toll from the outbreak rises to 81..... [more]

  • TikTok teens have a shiny, new toy to try: Byte, a social media platform, has launched on mobile. It's a direct successor to the Vine app, which was discontinued in early 2017 although videos posted to the platform are preserved to this day..... [more]

  • The Indian government's announcement that it will sell its entire stake in its national carrier, Air India, is being seen as a much more exciting proposition for potential buyers..... [more]