The All Tech Index operates under an S&PDJI methodology and at launch will have 46 constituents with a combined market capitalisation of over A$100 billion. In total, there are more than 200 listed technology companies on the Australian Securities Exchange valued at almost A$115 billion.
Consumer spending dropped 11.1% after the national sales tax was raised from 8% to 10% in October. In the same month, Typhoon Hagibis, the strongest typhoon in decades to strike mainland Japan, caused more than US$5 billion of damage to a large part of Japan.
Uber, which is the most downloaded app globally in ridesharing and food delivery on both the Apple App Store and Google Play Store, posted a net loss of US$1.1 billion for the quarter
Since the shares were still trading higher than the IPO price, Saudi Aramco profited from the greenshoe option and increased the total amount of money raised by the IPO to a mouth-watering US$29.4 billion.
Alphabet makes most of its money from selling targeted advertising across the web, apps and Google products including its search engine and video streaming site YouTube
Economists believe the coronavirus will hurt the global economy in 2020. Goldman Sachs predicts it could knock Chinese growth down to 5.5% for the year, from 6.1% in 2019.
Luca De Meo has to grapple with an industry downturn in demand, and Renault has said it expected a slight decline in the car market in Europe, Russia and China this year. He also has to try to revitalise the Nissan partnership.
The drop in Mackenzie Bezos’ stake was reported in the Friday SEC filing, under her ex-husband and Amazon CEO Jeff Bezos’ name. Jeff Bezos retains sole voting control of MacKenzie Bezos’ stake, which now stands at 19.5 million shares, or about 200,000 fewer shares than the 19.7 million she received as part of their divorce.
BlackRock CEO Larry Fink said a “fundamental reshaping of finance” is underway as issues like climate change "become a defining factor in companies’ long-term prospects."