Investment

  • Crown to spin off international businesses

    Australia’s Crown Resorts has said it will demerge the majority of its international assets into a new company, removing itself from interests in China which have been hurt by a government crackdown on corruption. The new company...

    • Posted June 16, 2016
  • Brexit a factor in rates hold decision : US Fed

    The US Federal Reserve has kept interest rates at between 0.25% and 0.5% in the face of an uncertain jobs market. The possibility of Brexit was one of the factors that led the US Federal Reserve to...

    • Posted June 16, 2016
  • ABS unemployment rate remains steady at 5.7 per cent in May

    Unemployment has remained steady at 5.7 per cent in May with the estimated addition of 17,900 jobs. The result was slightly above expectations, with a Reuters poll of 15 economists expecting the economy to have added 15,000...

    • Posted June 16, 2016
  • Digital disruption could threaten 40 per cent of jobs : Productivity Commission

    Digital disruption has the potential to threaten 40 per cent of jobs over the next 10 to 15 years as automation and machine learning shake up the economy, according to a Productivity Commission report out today. In...

    • Posted June 15, 2016
  • Firms sign pledge to tackle gender pay gap

    More than two dozen companies have signed a pledge to address gender inequality in the workplace by regularly reviewing their own policies. The White House said the pledge shows “the critical role that businesses must play in...

    • Posted June 15, 2016
  • MSCI emerging markets index rejects Chinese mainland stocks, again

    US stock index provider, MSCI, has again delayed the inclusion of China’s mainland domestic shares in its emerging markets index. Inclusion on the index would have been a major step forward for Beijing as it attempts to...

    • Posted June 15, 2016
  • Aust shares slump on Brexit fears, $30 billion wiped out

    Australian shares have slumped to five-and-a-half-week lows, wiping out more than $30 billion, as investors sell out across major sectors on global fears that Britain may exit the eurozone. The move followed overnight leads, after Wall Street...

    • Posted June 14, 2016
  • Microsoft to buy LinkedIn for $26bn in cash

    Microsoft is buying the professional networking website LinkedIn for just over $26bn (£18bn) in cash. The software giant will pay $196 a share – a premium of almost 50% to Friday’s closing share price. The deal will...

    • Posted June 14, 2016
  • japan nikkie falls
    Japan stocks falls 3.5% as yen strengthens

    Japan’s benchmark Nikkei 225 finished Monday’s session down 3.5% at 16,019.18 as a rise in the value of the yen hurt big exporting companies such as Toyota. Investors remained cautious ahead of meetings later this week by...

    • Posted June 13, 2016
  • persimmon
    Persimmon management to bag £600m bonus

    A leading City investor has called on housebuilder Persimmon to cut back an executive pay plan that could see the management share £600m over the next five years. The scheme is one of the largest ever at...

    • Posted June 13, 2016