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Cryptocurrencies and The Dangers of Hyperinflation

Cryptocurrencies and The Dangers of Hyperinflation

The biggest danger of the cryptocurrency bubble is not speculator losses but hyperinflation. As values of virtual currencies increase and they gain acceptance in commerce, the danger of hyperinflation that will damage economies worldwide is also increasing.  According to coinmarketcap.com there were 886 mineable currencies in circulation with a total capitalization of about 142.5 billion USD […]

Banking royal commission could be a superannuation sting that backfires

Banking royal commission could be a superannuation sting that backfires

Capitulation? Not quite. More a tactical retreat.  The Prime Minister may have been dragged “kicking and screaming” to a royal commission into banking, but not before lobbing a hand grenade into proceedings.  It now transpires that the royal commission for which the electorate has been clamouring is not quite the royal commission being offered up by the […]

Tabcorp, Tatts win green light for $11 billion merger

Tabcorp, Tatts win green light for $11 billion merger

THE Australian Competition Tribunal has approved the $11 billion merger of Tabcorp and Tatts Group.  The merger of the Melbourne and Brisbane-based gambling companies was granted by the tribunal, despite an objection by the Australian Competition and Consumer Commission.  The approval is subject to only one condition — the sale by Tabcorp of its Odyssey Gaming business […]

Santos rejects $9.5b US takeover approach

Santos rejects $9.5b US takeover approach

Oil and gas producer Santos has revealed it rejected a nearly $9.5 billion takeover bid from a US investment firm led by a former top executive of energy giant Royal Dutch Shell.  The company said US-based Harbour Energy offered $4.55 a share for Santos in August to buy the oil and gas producer via a […]

Bunnings says its losses in the UK are about to get even worse

Bunnings says its losses in the UK are about to get even worse

Bunnings’ jaunt into the United Kingdom and Ireland is about to get tougher, with parent company Wesfarmers saying that the heavy losses the hardware chain is running up will get worse before they get better.   Wesfarmers bought the British chain Homebase for $705 million last year, and said it would spent up to a $1 billion re-branding […]

ASX rises 0.7pc as momentum builds

ASX rises 0.7pc as momentum builds

Investors poured into miners and banks on Tuesday, extending a powerful upswing and pushing the benchmark index further above its recent tight trading range.  The benchmark S&P/ASX 200 Index climbed 42 points or 0.7 per cent higher to 5889, while the broader All Ordinaries lifted by a similar margin to 5958 points.  The ASX’s hot […]

What the future holds for Domino’s

What the future holds for Domino’s

THERE are drastic changes coming to Domino’s, including a radical menu overhaul but the changes they’re planning have little to do with pizza.   Domino’s came to Australia way back in 1983 and after almost 35 years of pretty much sticking to the pizza area of the fast food market, it’s decided to come for everyone […]

Qantas shares soar to record high

Qantas shares soar to record high

Qantas shares have hit a new high after US investment bank Goldman Sachs upgraded its rating on the airline.  Qantas shares gained 3.5 per cent to hit $6.15 today after Goldman upgraded its rating on the stock from neutral to buy.  After four years of “negligible growth”, Goldman analysts tip a resurrection in domestic travel […]

RBA holds rates steady at 1.5%

RBA holds rates steady at 1.5%

The RBA has kept rates steady at their historical low of 1.5 per cent, as widely expected, while offering little to encourage talk the central bank will hike in 2018. Reserve Bank governor Philip Lowe continued to strike an upbeat tone on the state of the local economy, but warned that wage growth and inflation […]

Real-time payments to be launched early next Year

Real-time payments to be launched early next Year

A new payments systems is “on track” to be able to deliver real time bank transfers and the ability to ditch BSB numbers from Australia Day.  While most people take a break over summer, banks will be putting the finishing touches on the biggest overhaul in the payments system in years. removal of ATM fees Treasurer Scott Morrison […]