US Federal raises rates again, while ASX looks set to drop

US Federal raises rates again, while ASX looks set to drop

Posted June 15, 2017 09:39:50 Photo: Federal Reserve chair Janet Yellen says plans to cut the Fed’s massive balance sheet will be accelerated is a sign of growing confidence in the economy. (Reuters: Gary Cameron) Related Story: US Federal Reserve raises interest rates Wall Street finished mostly lower – driven by a sharp fall in energy stocks and oil prices, amid the Federal Reserve’s decision to raise US interest rates. Markets at 8:00 am (AEST): ASX SPI 200 -0.54 pc at 5,805 AUD: 75.9 US cents, 59.5 British pence, 83.1…

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Fatal fire tears through apartments in London

Fatal fire tears through apartments in London

Firefighters continued to search the building for survivors. — 74 people were hospitalized, 20 of whom are in critical care. — London’s mayor and police warn the death toll will rise. — Residents say they were told to stay in their apartments as the fire raged. — The fire has been brought under control, but the the building is still smoldering. — 125 families live in the building, which also houses a children’s nursery. Around 200 firefighters, 40 fire trucks and 20 ambulance crews were at the scene at the…

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Foreign Minister denies knowledge of Chinese donor's 'Julie Bishop Glorious Foundation'

Foreign Minister denies knowledge of Chinese donor's 'Julie Bishop Glorious Foundation'

Updated June 14, 2017 17:25:27 The furore over Chinese donations has erupted in Federal Parliament after the Foreign Minister denied knowing a Chinese donor had set up a company called the “Julie Bishop Glorious Foundation”. Labor backbencher Matt Keogh questioned Ms Bishop about Chinese mining magnate Sally Zou setting up the foundation. “Does the Minister seriously expect the house to believe a Liberal donor who she knows well set up a company in the Minister’s name, the Julie Bishop Glorious Foundation, but never raised it with her on the many…

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Janet Holmes a Court questions sacrificial bull show at Dark Mofo

Janet Holmes a Court questions sacrificial bull show at Dark Mofo

Updated June 14, 2017 17:48:38 As Hermann Nitsch’s controversial 150 Action performance at Dark Mofo creeps closer, an Australian art patron and cattle owner has questioned the nature of the Hobart performance given its apparent message. Cattle station baroness Janet Holmes a Court said the killing of an animal in the name of art did not “excite” her. “I was struck by the killing of an animal, and rubbing oneself in it’s blood and entrails,” she said. “My interpretation is that there’s a message [about] cruelty to animals, but if…

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Real Madrid has 'full confidence' in Ronaldo

Real Madrid has 'full confidence' in Ronaldo

The Spanish club said it was “absolutely convinced” that the 32-year-old forward will prove his “total innocence.” “Cristiano Ronaldo has always shown since his arrival at Real Madrid CF, in July 2009, a clear will to fulfill all his tax obligations,” said the club on its website. “Real Madrid CF hopes that the Justice will act as quickly as possible so that its innocence can be demonstrated as soon as possible.” On Tuesday, the prosecutor’s office in Madrid said that between 2011 and 2014 Ronaldo had used a “business structure”…

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