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Goldman Sachs says bitcoin could rise another 50%

Goldman Sachs says bitcoin could rise another 50%

Goldman Sachs says bitcoin could rise another 50% Goldman Sachs’ Sheba Jafari included a note on bitcoin in a report on charts for the week ahead. Jafari said bitcoin could rise in a fifth “wave” of gains. Bitcoin traded near $2,567, 15 percent below its record high hit on June 11. Goldman Sachs says bitcoin […]

Retail investors keep faith in Bellamy’s and back $60 million capital raising

Retail investors keep faith in Bellamy’s and back $60 million capital raising

Bellamy’s said on Tuesday that 79 per cent of the allocation went to retail investors which equated to $37.9 million, underwriters picked up the remaining 21 per cent which equated to $7.8 million. Dairy company Bellamy’s is six months into an 18-month turnaround strategy. Photo: Kate Geraghty The shares were offered to retail investors, at a price […]

Spain’s Gas Natural pursues $52b merger with Portugal’s EDP

Spain’s Gas Natural pursues $52b merger with Portugal’s EDP

Spain’s Gas Natural pursues $52b merger with Portugal’s EDP Spanish power and gas company Gas Natural has approached Portuguese rival EDP about merging to form Europe’s fourth biggest utility by market value, people familiar with the matter said. Talks over a potential €35 billion ($52 billion) deal and its potential structure are still at an early […]

Fastbrick signs a deal with Caterpillar to develop bricklaying robots

Fastbrick signs a deal with Caterpillar to develop bricklaying robots

Investors poured into small-cap robotics company, Fastbrick Robotics, on Monday after the company struck a deal with global construction manufacturer Caterpillar. The US giant, which manufactures construction and mining equipment, has invested $2.6 million in the Perth-based company and signed a memorandum of understanding to collaborate on the development, manufacture, sales and services of Fastbrick’s robotic bricklaying […]

Banks drive ASX’s best day in 2017

Banks drive ASX’s best day in 2017

Banks drive ASX’s best day in 2017 Shares had a blistering session on Tuesday, gaining $28 billion in value as banks and consumer discretionary plays led the market to its best day of the year. Investors scooped up financial stocks after a few weeks of savage selling, helped along by news the South Australian Liberals will block the state’s bank […]

Tesla Model 3 production to begin

Tesla Model 3 production to begin

Electric car manufacturer Tesla has announced the launch this week of its eagerly awaited Model 3, which the firm hopes will make electric cars accessible to all motorists. Tesla founder Elon Musk announced on Twitter that the Model 3 has ‘passed all regulatory requirements for production two weeks ahead of schedule,’ which means the first […]

Businesses brace for crippling energy bill increases

Businesses brace for crippling energy bill increases

Businesses brace for crippling energy bill increases BUSINESSES will be forced to cut staff or shut down altogether as crippling energy price hikes begin sweeping across the nation this month. The small business lobby group says urgent action is needed to resolve the decade-long national deadlock on energy policy in the face of what’s being […]

Surprise retail sales figures light fire under consumer stocks

Surprise retail sales figures light fire under consumer stocks

Surprise retail sales figures light fire under consumer stocks A surprise jump in retail sales statistics lit a fire under Australia’s beleaguered discretionary retail stocks on Tuesday, making them some of the best performing companies on the ASX’s best day of the year so far. Gain were enjoyed across the sector as JB Hi-Fi shares […]

Murdoch, Gordon signal move on Ten

Murdoch, Gordon signal move on Ten

Murdoch, Gordon signal move on Ten Ten Network’s billionaire shareholders Lachlan Murdoch and Bruce Gordon have signalled their intention to take over the besieged network, seeking a review of a joint bid from the competition regulator. Mr Murdoch and Mr Gordon, through their respective investment vehicles Illyria and Birketu, have sought an informal review of […]