News: Money

Game, set and match for Asia as UK leaves centre court

Friday  10:06,   13 july 2018

Britain was at its height during the Industrial Revolution but it is no longer the Centre Court it once was.I am in London for a few days. As I was unpacking yesterday to get ready for the Women’s Final at Wimbledon I yelled out in frustration[...]
News / Money

China just recorded the largest trade surplus with the US on record

Friday  09:31,   13 july 2018

<p>In what will do little reduce trade tensions between the two sides, China's trade surplus with the US jumped to $US28.97 billion, larger than the $US24.58 billion recorded in May.</p>Load[...]

Australian auction clearance rates look like they're stabilising

Friday  08:56,   13 july 2018

Australian auction clearance rates remain near multi-year lows, but appear to be stabilising.&nbsp;According to final figures released by CoreLogic, a combined capital city clearance rate of 52.6% was achieved last week, unchanged from the level [...]

A bitcoin billionaire is quietly building the world's very first decentralized bank on this tiny, idyllic island

Friday  08:55,   13 july 2018

Plans for the world's first decentralized bank are taking root in Malta. The project is backed by the world's largest cryptocurrency exchange, Binance, which was founded by bitcoin billionaire Changpeng Zhao.According to Bloomberg, the[...]

Trade war no reason for share investors to be overly concerned

Friday  08:55,   13 july 2018

Unlike China, our manufacturing sector and exports provide only a small part of overall economic activity. The banking sector is likely to continue to face royal commission and property market pressures, increasing the importance of the future[...]

Apple’s new MacBook Pros get a much-needed performance boost

Friday  08:55,   13 july 2018

Apple released two new models of the MacBook Pro, giving the 13-inch and 15-inch models a performance boost but keeping their controversial keyboard.The new models — one 13-inch model and one 15-inch model, both with Apple’s Touch Bar — have new[...]

Pokie profits to reach $7 billion each year by 2021

Friday  08:10,   13 july 2018

Poker machine profits in NSW will grow by 12 per cent to reach $7 billion per year by 2021.Poker machine profits in NSW will grow by 12 per cent over the next four years to reach $7 billion per year by 2021, according to forecasts contained in[...]

Fix climate policy to fix electricity market

Friday  08:07,   13 july 2018

The key issue in the ACCC report is about carbon pricing.In releasing yet another report on electricity prices, Australian Competition and Consumer Commission Rod Sims said that the Australian energy market is[...]

Lachlan: the unlikely winner from the Murdoch family's latest saga

Friday  08:07,   13 july 2018

Whatever happens in the Disney, Comcast bidding war for Fox, it seems Lachlan Murdoch will gain more power.It might be difficult for his many critics to stomach, but Rupert Murdoch has timed his exit from the entertainment business to absolute[...]

The 10 best jobs in Australia that don't need a degree

Friday  07:31,   13 july 2018

Indeed, the global jobs site, has just completed Australian research into the highest paying jobs that don't need a degree. Construction managers on average earn a $155,463 a year.Global jobs site, Indeed, has just completed Australian research[...]

The world is running out of GOLD: Mining experts warn discoveries are shrinking

Friday  07:05,   13 july 2018

Experts across the industry said we could soon hit 'peak gold' - the point at which gold discoveries start to decline as there are no more new resources to discover. According to scientists, the 'peak gold' point will be reached in 2019 and[...]

Here's why you shouldn't believe 'safe haven' claims about Bitcoin

Friday  07:05,   13 july 2018

The sharp rise and subsequent fall in Bitcoin’s value places it among the greatest market bubbles in history. It has outpaced the 17th-century tulip mania, the South Sea bubble of 1720, and the more recent Japanese asset price and dot-com bubbles. [...]

Iron ore catches a bid as steel prices surge again

Friday  07:05,   13 july 2018

Iron ore prices rose on Thursday, supported by continued strength in steel prices and an improvement in investor risk appetite. Analysts suggest steel prices are being supported by both supply and demand factors at present.According to Metal[...]

Crime has no impact on property prices in Melbourne: report

Friday  07:05,   13 july 2018

Infrastructure Victoria study of 300,00 properties found violent crime rates in Melbourne had no statistically significant impact on house prices. The findings are in contrast with a decade of academic literature on property markets in Sydney,[...]

Big blue: BHP staff sent colleagues' pay slips by mistake

Friday  06:51,   13 july 2018

Thousands of BHP Billiton employees opened their group certificates only to find they had been sent the wrong one.The mishap has sparked an internal investigation into what BHP said was an administrative error that it was treating "very[...]