World News

China’s Evergrande fiasco: Could it spill over to Australia?

China’s Evergrande faces a possible default on debt payment.

Highlights China’s largest property group Evergrande faces a possible default on debt payment. The Chinese builder debt ballooned to 2 trillion yuan (or US$310 billion) by June 2021. The company has to pay interest dues of US$131 million...

Read More...
Bitcoin craze among older Aussie investors; what’s driving the boom?

Bitcoin craze among older Aussie investors; what’s driving the boom?

  • September 22, 2021 03:00 PM AEST
  • Ashish

The cryptocurrency market has observed a significant change in the recent past. The digital currency market which was popular among young investors is now witnessing the older lot catching up fast. According to the latest data by BTC markets, there...

Read More...
What Trudeau’s win means for the global economy & Canada’s multilateralism

What Trudeau’s win means for the global economy & Canada’s multilateralism

Highlights From President Biden to PM Boris Johnson, world leaders have congratulated Justin Trudeau on his third election win The Liberals are looking to work with the US on issues like fight against climate change Tax on big tech compa...

Read More...
Bitcoin falls over Evergrande’s default risk

Bitcoin falls over Evergrande’s default risk

Highlights On 21 September, the price of bitcoin dropped by as much as 11%, kicking out the week on a negative note. The plunge in the cryptocurrency market appears to have been sparked by escalating troubles at China Evergrande Group, a beleag...

Read More...
Cimic and Acciona to work on Inland Railway project with ARTC

Cimic and Acciona to work on Inland Railway project with ARTC

Highlights Cimic and Acciona form a joint venture to work with the Australian Rail Track Corporation (ARTC). The team will work on a 360km works project with the ARTC to build stretch of Australia’s Inland Railway. According to CPB Cont...

Read More...
Do you know BNPL provider Zip Co’s latest strategic move?

Do you know BNPL provider Zip Co’s latest strategic move?

  • September 22, 2021 02:18 PM AEST
  • Sukriti

Highlights The BNPL sector has seen massive growth in the number of companies, market capitalisations and increased customers. Australian BNPL sector’s second largest ASX company, Zip Co has agreed to make a strategic investment in ZestMo...

Read More...
Richard Beazley takes up top role at Troy Resources (ASX:TRY)

Richard Beazley takes up top role at Troy Resources (ASX:TRY)

Summary Mr Richard Beazley will take upon the responsibility of the interim CEO and Managing Director of Troy Resources. Mr Beazley is currently serving as a Non-Executive Director at the Board of Troy. The decision came in the wake of the unt...

Read More...
Why is Binance shutting down crypto derivatives for Australian customers?

Why is Binance shutting down crypto derivatives for Australian customers?

Highlights Binance announced to close down cryptocurrency derivatives products in the Australian market. The offering of derivatives products - futures, options and leveraged tokens will be ceased by end of this year. Existing users have 90 da...

Read More...
Explained: What is Evergrande crisis all about?

Explained: What is Evergrande crisis all about?

Global equity markets are witnessing a sort of meltdown at a time when they are flush with access liquidity. And guess what? It is not because of any macro factor or a probable new variant of coronavirus coming in. It is because of a crisis in just o...

Read More...
ASX jumps 0.5% on Evergrande news; Worley, AGL Energy lead

ASX jumps 0.5% on Evergrande news; Worley, AGL Energy lead

The Australian shares edge higher by afternoon, paring opening losses, led by strong gains in energy stocks. The market sentiment got a boost amid a report that China’s real estate giant Evergrande has reached a deal with bondholders. Evergra...

Read More...
How is the construction ban impacting Australia?

How is the construction ban impacting Australia?

Considering the rise in the number of COVID-19 cases including multiple outbreaks related to construction, the Victorian Government announced that construction would be closed for 2 weeks in metropolitan Melbourne and other Local Government Areas n...

Read More...
Ad

GET A FREE STOCK REPORT

Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK