Merger authorisations are meant to take 90 days, but Telstra’s deal to allow TPG Telecom to share its network in regional Australia is taking the ACCC seven months.Overseas data: China October industrial production and retail sales at 1pm AEDT; Japan preliminary third quarter GDP; Eurozone September trade balance, November ZEW expectations and preliminary third-quarter GDP; US October PPI and November NY Empire manufacturingBitcoin +0.2% to $US16,552 at 4.55am AEDTTesla -0.3% Apple -0.
It’s another symbolic sign of Britain’s shrinking place in the wake of Brexit, and the continental rivals that will step into position. The French stock market is now worth $US2.823 trillion, narrowly edging out the UK at $US2.821 trillion, according to data compiled by Bloomberg. In 2016, British stocks were collectively worth $US1.5 trillion more than France.
Oil demand in 2022 will increase by 2.55 million barrels per day , or 2.6 per centf, the Organisation of the Petroleum Exporting Countries said in a monthly report, down 100,000 bpd from the previous forecast.
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