Sir Richard Branson, Virgin Australia chief executive John Borghetti and other special guests celebrating the airline’s inaugural Melbourne-Hong Kong flight. (Virgin Australia) Virgin Australia flight VA87 has taken off from Melbourne bound for Hong Kong, marking the start of what chief executive John Borghetti describes as the airline’s Asian expansion. The flight, operated by Airbus […]
Electric cars will be as cheap as gasoline models by 2025 Battery manufacturing capacity will triple in the next four years Electric cars will outsell fossil-fuel powered vehicles within two decades as battery prices plunge, turning the global auto industry upside down and signaling economic turmoil for oil-exporting countries. The Bloomberg New Energy Finance forecast says adoption […]
THE nation’s largest pizza chain, Domino’s, are cutting costs and their pizza size Deutsche Bank analyst Michael Simotas said he understands the company will shortly begin a trial of smaller pizzas as part of a strategy to cut food costs in an attempt to reduce cost pressure stemming from recent changes that increased penalty rates […]
Soaring home prices in Australia’s biggest cities are driven by strong demand and a lack of supply, rather than indicating a “bubble,” according to HSBC’s local chief cconomist Paul Bloxham. “At a national level, a key reason for rising housing prices has been housing under-supply,” Bloxham writes. “This also suggests that a significant fall in prices, as occurred in […]
Sabre-rattling over North Korea’s missile program sent investors seeking out safe haven assets such as gold and the Japanese yen on Wednesday, but strong performances in the mining sector helped keep the ASX’s losses small. The benchmark S&P/ASX200 opened in the black but lost ground in choppy trade to finish down 0.3 per cent, at 5763.3 points. […]
The investing legend followed his own classic advice in making big investments in banks in the wake of the financial crisis. Financials were 30 percent of Berkshire Hathaway’s holdings as of the end of March. Those bank holdings will get even bigger because of his latest winning investment involving Bank of America. Warren Buffett […]
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 […]
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 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 […]
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 […]
