Category: Business

Disney $60 billion for 21st Century Fox expected within days

Walt Disney is zeroing in on Rupert Murdoch’s 21st Century Fox in a deal that would reshape Murdoch’s News Corporation, Hollywood and...

Westfield takeover will boost property market: Perpetual

The $32 billion Unibail-Rodamco takeover of Westfield is expected to release a flood of capital into Australia’s property market. About...

Bitcoin is “speculative mania” – RBA Governor Philip Lowe

Reserve Bank of Australia governor Philip Lowe says the fascination with crypto-currencies like Bitcoin is a case of “speculative...

CBA admits to money laundering and counter terrorism law breaches and expects more charges

Months after Australian Transaction Reports and Analysis Centre (AUSTRAC) began legal proceedings against the Commonwealth Bank of...

Apple buys Shazam for $400 million

Apple has scooped up London-based music and image recognition start-up Shazam for $400 million. The Shazam app, which allows users to...

Westfield accepts $32 billion takeover bid

Sir Frank Lowy will sell his global shopping empire Westfield to Europe’s largest landlord, Unibail-Rodamco for $32 billion in what will...

Business conditions contract sharply

The National Australia Bank’s latest monthly business survey indicates that business is finishing the year on a pessimistic note. After...

Bitcoin a significant market risk in 2018: Deutsche Bank

Deutsche Bank has warned that bitcoin is one of the most significant market risks for 2018. Deutsche Bank’s list sent of risks sent to...

Mining in Australia to bounce back

Australia’s mining industry is about to recover from its five year slump with growth accelerating in 2017-18. A report from forecasters...

Retail Food Group shares nosedive 26 per cent

Shares in Retail Food Group, the owner of Gloria Jean’s, Donut King and Brumby’s Bakery, slumped more than 26 per cent...