Support from industry superannuation funds looks set to ensure the software billionaire gets most of his director picks onto the AGL board.Overseas data: China third-quarter current account; Japan Nikkei services PMI October; German factory orders September; Eurozone Markit services PMI October, PPI September; US jobs report October at 11.30pm AEDTAUD -0.9% to 62.92 US centsIn New York: BHP +0.5% Rio +0.6% Atlassian +2.2%In Europe: Stoxx 50 -0.8% FTSE +0.6% CAC -0.5% DAX -1%Iron ore +0.
Lyft said it will cut 13 per cent of staff as the ride-hailing company tries to cope with a difficult economic backdrop, according to a memo to employees viewed by Bloomberg. Glencore Energy UK Limited was ordered to pay a £182.9 million fine by Judge Peter Fraser at Southwark Crown Court, who also approved a £93.5 million confiscation order.
“However, as we already referred to in our meeting preview we think the risks to that December call remain tilted to a smaller rate hike relative to our current expectations.”warned that a “mild recession” is possible but that it wouldn’t be sufficient in itself to stem soaring prices.