The Northern Territory news Fri 18 Nov 2016
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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin
News Corp Australia
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News Corp Australia
FRIDAY NOVEMBER 18 2016 BUSINESS 43 V1 - NTNE01Z01MA Telstra boss says customers in clear TELSTRA chief executive Andrew Penn says its customers are not affected by the alleged sale of leaked private details by an Indian security firm. Australian telco customers have been warned to be alert for suspicious activity as police investigate reports personal contact information is being offered for sale after being leaked by call centre staff in India. Im only sorry ... that customers of other organisations have been affected, Mr Penn said. We have no involvement with the organisation that has been reported to be selling customer information, he said. Telstra and Vodafone have urged customers to report any fraudulent activity after Fairfax Media reported personal details of customers were being offered for sale by a Mumbai-based security firm. Jobless rate papers over labour woes A STEADY unemployment rate of 5.6 per cent is masking weakness in the labour market, and jobs growth is set to slow even further, economists warn. The number of people with jobs rose by 9800 in October, keeping the unemployment rate steady, the Australian Bu reau of Statistics said yesterday. Full-time employment rose by 41,500 jobs while part-time jobs fell 31,700. But the gain in full-time work was overshadowed by the bureaus revision to its September figures, taking that months fall in full-time positions to 74,300 the largest monthly fall on record. Octobers participation rate, a measure of the number of people employed or actively looking for work, was flat at 64.4 per cent - the lowest level since 2005. The Australian dollar has slipped slightly against the greenback in the wake of Donald Trumps win in the US election THE Australian dollar is under pressure after the latest jobs data showed a trend of falling full-time employment. At 5pm AEDT yesterday, the local unit was trading at 74.79 US cents, down from 75.45 US cents on Wednesday. RBC Capital Markets fixed income and currency strategist Michael Turner said the Australian dollar dropped overnight against a strengthening US dollar, then dipped a little bit after the release of October labour force data. The big move was overnight, Mr Turner said, adding that the Aussie has been amongst the losers as the greenback finds support among investors again. While the unemployment rate was unchanged at 5.6 per cent in October, in line with market expectations, there were 90,000 full-time jobs lost in the year to October. The Australian dollar dropped from an intra-day high of 74.98 US cents as the numbers were released. Dollar feels pinch as it dips below 75 US cents Guessing game as Trump ascends THE Australian share market has held onto a slim gain as investors wonder how the US political landscape will change under Donald Trump when he assumes the presidency. The benchmark S&P/ ASX200 index finished 0.2 per cent higher yesterday afternoon after shares dropped in early trade, following in the wake of US shares which fell as investors sought clarity on the impact of President-elect Donald Trump on markets. Phillip Capital senior client advisor Michael Heffernan said the local bourse had recovered from a poor start to trading but had flattened out over the afternoon. It (the market) is pretty feckless really it doesnt quite know what to do, Mr Heffernan said. Trump was bad, then he was good that lasted for a while. Mr Heffernan said although the market was still pondering Mr Trumps future policies, it had been boosted by positive news from Telstra, with the telco confirming its financial guidance for 2017 and signalling cost cuts. Telstra was one of the best performers. The telco lifted 12 cents, or 2.5 per cent, to $4.84 as it said it would cut costs by at least $1 billion over the next five years and undertake a review of its capital management including shareholder returns. In the resources sector, global miner BHP Billiton gained eight cents to $24.06 as chief executive Andrew Mackenzie underlined the uncertainty of the timing of a potential restart at its Samarco joint venture operation in Brazil. Rio Tinto rose 65 cents to $57.59, and Fortescue Metals dipped three cents to $5.83. Among the major banks, Commonwealth Bank was 24 cents weaker at $76.65, National Australia Bank reversed five cents to $28.35, ANZ slipped three cents to $27.95, and Westpac gave away 15 cents to close at $30.83. Among other stocks, Village Roadshow dropped 24 cents, or 4.9 per cent, to $4.68. The entertainment group told its AGM visitor numbers have fallen at its Gold Coast theme parks after the fatal accident at rival Ardent Leisure- owned Dreamworld last month. Building products supplier James Hardie jumped 89 cents, or 4.56 per cent, to $20.40. 18,868.145408.9 5294.584 10,663.876749.72 17,862.63 +9.30 -54.92 +0.42 +10.80 +0.20% -43.02 +18.963 -71.27 WINNER: LOSER: MOST ACTIVEOFX GROUP ISENTIA GROUP LTD 5338.5 $1.545 $2.38 5290 5305 5320 5335 5350 -87c -26.77% +9.5c +6.55% 10 11 12 1 2 3 4 DOW JONESALL ORDS NASDAQ S&P/ASX200 DAXFTSE100 NIKKEI $1.20 $1.37 $1.53 $1.70 Th Fr Mo Tu We Th $0.00 $1.20 $2.40 $3.60 Th Fr Mo Tu We Th $2.50 MILLION ATLAS IRON LTD WORTH 130.95 MILLION SHARES
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