Category Archives: INICIO

Government restrictions bite as first home buyers shut out investors

By | noviembre 9, 2017

Investors are being pushed out of Australia’s housing market with government regulations generating a 6 per cent drop in investor loans as first home buyers record “strong growth” for the first time in years.  In Victoria the number of loans to first home buyers grew by an extraordinary 57 per cent since June, with a 32 per cent increase in NSW. Play Video… Read More »

Deutsche Bank maps climate change risks for investments

By | noviembre 9, 2017

Deutsche Bank has developed a tool to forecast where its investments across the globe may be impacted by natural disasters brought on by climate change. Although tools have existed in the insurance industry to model the impact of climate change, this is the first time this sort of data has been systematically applied to investments. Play Video Don’t Play Resignation strikes again for… Read More »

How Elon Musk made (and how he spends) his money

By | noviembre 9, 2017

Elon Musk may be the world’s richest rocket scientist. With a fortune hovering around $US20 billion, the 46-year-old CEO of Tesla and SpaceX and co-founder of OpenAI has said he won’t be happy until we’ve escaped Earth and colonised Mars. Play Video Don’t Play ASX winners and losers – a snapshot Play Video Don’t Play Previous slide Next slide Believe… Read More »

The Donald 'Trump trade' is not all about him one year on

By | noviembre 9, 2017

Despite the US president’s claims, there is much more to the so-called ‘Trump trade’ than The Donald himself. It has been one year since Donald Trump’s election to the presidency coincided with a period of striking gains for stockmarkets around the world.  The shock election win was preceded by a 21 per cent rise in the S&P 500, a 24 per cent increase… Read More »

The Murdochs have a $31 billion reason to break up Fox

By | noviembre 9, 2017

What does the fox say? I’m still not sure. But I do know what Fox sees: a lot of money hiding, to the tune of $US25 billion ($31 billion). Earlier this week came shocking news that the Murdoch media magnates had discussed selling a majority of 21st Century Fox’s assets to Walt Disney — yes, to the owner… Read More »

Justin Hemmes grows pub empire with $70m shopping spree, snatching up Bondi's Royal Hotel

By | noviembre 9, 2017

Pub czar Justin Hemmes has cemented his position as the largest single owner of popular Sydney pubs, splurging more than $70 million on the purchase of three major hotels over the past three months. Having snapped up Bondi’s iconic Royal Hotel on Wednesday, the string of purchases gives Mr Hemmes’ Merivale Group an almost unassailable lead in the sector, ahead of restaurateurs such… Read More »

Citibank to refund $4.3 million to credit card customers

By | noviembre 9, 2017

November 9 2017 – 11:48AM Citibank will repay more than $3.3 million to about 39,500 current and former customers for failing to refund them when they closed a credit card account with an outstanding balance. The refunds relate to Citibank, Virgin Money, Bank of Queensland, Suncorp and Card Services-branded credit cards and Citibank Ready Credit loan customers. Citibank is the… Read More »

Costs weigh on James Hardie profit

By | noviembre 9, 2017

Building materials supplier James Hardie has booked a 14 per cent drop in first half-net profit as ongoing manufacturing inefficiencies and higher productions costs weighed on margins, but underlying performance is improving. James Hardie on Thursday booked a profit for the six months to September 30 of $US123.8 million ($173.3 million), down from $US144.1 million. The company expects… Read More »

ASX-listed daigou business AuMake Australia surges 25pc

By | noviembre 9, 2017

Investors have poured into Australia’s only listed daigou business, boosting the share price more than 25 per cent this week, enthused by the company’s recent acquisition spree. AuMake Australia – a retail business that connects Australian suppliers directly with daigou shoppers and Chinese tourists – this week announced the acquisition of wool manufacturer Jumbuck Australia. The first daigou… Read More »

Optus mobile investment pulls customers but hits profit

By | noviembre 9, 2017

November 9 2017 – 12:34PM Work by Optus to improve its mobile network has helped the telco attract 75,000 new customers but also contributed to a fall in its half-year profit. Australia’s second-largest telco made a profit of $347 million in the six months to September 30, down 2.7 per cent from a year ago. Optus’ total 4G… Read More »