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Canva’s $US1b valuation a boost for start-up nation

Canva’s $US1b valuation a boost for start-up nation

The high-profile capital raising by online design and publishing platform Canva is a timely reminder of the power of digital marketing to transform a great idea into a global business.  Canva could easily become Australia’s national start-up champion given its long list of achievements in such a short space of time.  The $US1 billion valuation of the company inherent […]

NBN discounts criticised for ‘pricing out’ small telcos

NBN discounts criticised for ‘pricing out’ small telcos

Smaller providers have slammed the National Broadband Network’s pricing discounts as giving the big four an unfair advantage.  The NBN Co dropped prices for its 50 Mbps product to the price of its 25 Mbps speed plan in December, with hopes it would encourage telcos to pass on the savings to customers and encourage Australians to […]

Global correction overdue, warns Citigroup

Global correction overdue, warns Citigroup

The air is becoming treacherously thin for global asset markets at the peak of the cycle and investors should cut their exposure before central banks shut off emergency stimulus, Citigroup’s star economist has warned.  Willem Buiter, the bank’s chief economist and a leading theorist on monetary policy, said: “There are clearly signs of late-cycle froth […]

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 […]