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Speaker 1: Welcome to the Fearing Greed Business News Afternoon Report for Friday,

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Speaker 1: the twenty eighth of November twenty twenty five. I'm suan Alma.

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Speaker 1: Every afternoon we bring you the five big stories that

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Speaker 1: happened today that you need to know about. Story number one.

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Speaker 1: The local share market finished the day down just three

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Speaker 1: points we can say flat really, to eighty six hundred

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Speaker 1: and fourteen points. For the week, the market was one

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Speaker 1: point four percent high. It was pretty quiet really with

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Speaker 1: the Thanksgiving holiday in the US. Overnight. The banks were

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Speaker 1: all lower. The big miners were mixed, as were the retailers.

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Speaker 1: Trading in Woolies had its best day in three months,

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Speaker 1: with the supermarket Giant finishing up more than three percent

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Speaker 1: after an investment bank analyst upgraded his forecast for the business.

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Speaker 1: Weiss tech Global had another good day, jumping six percent

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Speaker 1: thanks to a rise in tech stocks on Wall Street

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Speaker 1: and some board renewal of the software group this week,

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Speaker 1: its share price is up twelve percent since Monday. On

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Speaker 1: the flip side, Sun Corp fell three percent after it

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Speaker 1: said bad weather in southeast Queensland and northern news Whiles

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Speaker 1: will cost it three hundred and fifty million dollars, Sorry

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Speaker 1: number two. It was the final day of Parliament today.

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Speaker 1: A few pieces of legislation passed, including Labour's environmental laws,

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Speaker 1: the first real change to the environmental legislation rules since

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Speaker 1: John Howard's reign. Pretty much that's it for twenty twenty

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Speaker 1: five now. Before leaving the building, the Polly's officially listed

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Speaker 1: the Islamic Revolutionary Guard Corps as a state sponsor of terrorism,

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Speaker 1: a move criticized by Iran Home Affairs Minister Tony Burke.

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Speaker 1: Mish wished everyone a merry Christmas and moved at Parliament

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Speaker 1: be adjournsed until Tuesday, February three, twenty twenty six. They

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Speaker 1: were all happy to do that. Earlier in the day,

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Speaker 1: Prime Minister Anthony alberaniz he had walked to Parliament House

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Speaker 1: and no day. I'm happy with the year's efforts. Apart

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Speaker 1: from the environmental legislation, legislation that passed Parliament this year

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Speaker 1: includes changes to rules governing the environment, aged care, tax rates,

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Speaker 1: superannuation and hate laws. Sorry number three. The Star Entertainment

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Speaker 1: Group has issued what's known as a cleansing prospectus to

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Speaker 1: allow recently issued shares to trade freely on the market.

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Speaker 1: The move covers shares issued to two major investors Balies

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Speaker 1: and Investment Holdings after their convertible notes were turned into equity,

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Speaker 1: as well as incentive shares granted to senior executives. Stars

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Speaker 1: share price jumped nearly ten percent today. Story number four.

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Speaker 1: The Reserve Bank of Australia might water down its controversial

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Speaker 1: proposal to impose the ban on credit card surcharge fees,

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Speaker 1: which drew a big backlash from business. The regulator is

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Speaker 1: also taking steps to appease the big banks concerns about

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Speaker 1: interchange fees, according to report in the Finn Review. According

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Speaker 1: to minutes released by the RBA's Payments System Board meeting,

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Speaker 1: the regulator is considering the relative merits of the various

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Speaker 1: options on payment card surcharging. That's opened the door just

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Speaker 1: a little bit. Searcharges on debit and credit card payments

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Speaker 1: imposed by businesses have drawn public iyre prompting the federal

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Speaker 1: government to ban debit payment surcharges from next year. However,

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Speaker 1: according to the Finn, the MBA is now considering allowing

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Speaker 1: surcharging to continue on some credit cards. Finally, story number five,

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Speaker 1: the death poll in one of Hong Kong's deadliest blazers

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Speaker 1: in modern times has risen to at least ninety four

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Speaker 1: and hundreds are still missing. More than seventy people have

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Speaker 1: been injured, including eleven firefighters. Rescuers continued the search for

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Speaker 1: survivors this morning, going from apartment to apartment at the

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Speaker 1: Charred Towers in a northern district of the city. Firefighters

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Speaker 1: were still trying to enter all of the units in

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Speaker 1: these seven burnt towers to check for casualties. That's it

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Speaker 1: for the afternoon report for Friday, the twenty eighth of

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Speaker 1: November twenty twenty five. Make sure you hit follow on

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Speaker 1: the podcast and head along to Fearangreed dot com today.

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Speaker 1: You to sign up for our free daily newsletter. I'm

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Speaker 1: Sean Almer. Enjoy reading