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6 things you need to know today

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Published on: Monday, February 12, 2018

  • After a wild week for Wall Street, US stocks finished on a 1.5% gain Friday night, a somewhat comforting end to a week of losses (down 5.2%). The Dow Jones was up 1.4pc at 24,191 and the S&P500 1.5pc at 2620. In Europe, the FTSE was down 1.1% at 7,092 and the DAX 1.3pc at 12.107. China was less lucky, with the Shanghai SE50 plummeting by 4.6% on Friday.
  • A Russian airliner has crashed after leaving Moscow's Domodedovo airport, killing all 71 people on board. The Saratov Airlines jet vanished minutes after take-off and crashed near the village of Argunovo, about 80km (50 miles) south-east of Moscow. The cause of crash is unclear. Investigators and emergency crews are working at the snow-covered site.
  • More than than 130,000 homes in Queensland were without power last night, after lightning strikes, heavy rain and strong winds battered the state’s southeast. There are 50,000 homes still without power in and around Brisbane today. Crews worked through the night fixing hundreds of power lines brought down in the storm.
  • The 2018 Winter Olympics officially kicked off over the weekend with the opening ceremony held in the Pyeongchang Olympic Stadium. A number of Aussies competed on day two, but nothing to add to the medal tally. The big excitement came at the women's moguls, where Britt Cox and Jakara Anthony reached the superfinal but missed out on a medal.
  • There are growing concerns among National MPs conservative voters will turn from the party following revelations that Barnaby Joyce is having a a baby with his former staffer Vikki Campion. The government is still sticking to the line that Joyce's private business is his private business. Meanwhile, Labor is planning on pursuing Joyce and the government over whether any public funds were misspent during the relationship.
  • Australia's largest rail freight company, Aurizon Holdings, said first half profit jumped 52 per cent on the year-earlier period. The Australian rail operator (AZJ) reported a net profit of $281.5 million for the six months through December, compared to a profit of $185.8 million a year ago. Last week, In another blow to the development of Queensland's Galilee Basin, the company said it planned to withdraw its application for a Federal Government loan to build a massive rail corridor.

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