World

The benefits of solar power

The benefits of solar power

Using the Sun to power your home can help reduce your electricity bills and your carbon footprint. Giving you access to a renewable and clean source of energy, we take a look at how a solar power system can benefit your home.  It doesn’t matter if it’s summer or winter, throughout the year our country bakes […]

Wesfarmers selling troubled Homebase/Bunnings venture in the UK

Wesfarmers selling troubled Homebase/Bunnings venture in the UK

Wesfarmers will sell its troubled Homebase/Bunnings venture in the UK, a move welcomed by brokers as the financial outcome is better than feared. -Wesfarmers entitled to equity proceeds on further sale by Hilco -New business development management has stronger focus on capital allocation -Brokers expect scepticism regarding any further offshore M&A Wesfarmers ((WES)) has bitten the bullet, […]

Capital Market Efficiency and Australian Capital Markets

Capital Market Efficiency and Australian Capital Markets

What is an Efficient Capital Market?   A market where information regarding the value of securities are incorporated into its prices accurately and in real time. Since the value of securities fluctuates and reflect its present intrinsic value, an efficient capital market enables these fluctuations to be reflected in the securities’ current price.   An efficient capital market is one where share prices change and adjust rapidly according […]

New technology could disrupt the Lithium boom

New technology could disrupt the Lithium boom

Silicon battery group and ASX aspirant 1414 Degrees has hit a snag with ASIC.  The Adelaide-based company lodged a prospectus for a capital raising of $30 million to $50 million and public flotation to commercialise its novel energy storage technology last month. But ASIC is seeking more detailed information and 1414 Degrees will have to issue a new prospectus.   The company’s energy storage devices […]

Sluggish UK data lowers chances of rate rise

Sluggish UK data lowers chances of rate rise

“Disappointing” data on the UK service sector appears to have cut the chances of an interest rate increase next week.  The IHS Markit/CIPS services purchasing managers’ index rose to 52.8 in April, but was not as strong as expected.  Last month, official figures showed the UK economy grew 0.1% in the first quarter – the slowest rate since 2012.  Given […]

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 […]

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 […]

Bitcoin’s price drops after report China may shut down exchanges

Bitcoin’s price drops after report China may shut down exchanges

The price of bitcoin fell sharply after a report China’s regulators are planning a further crackdown on the digital currency. Bitcoin and altcoins have dropped up to 25% in hours after rumors surfaced. Local outlet Caixin is reporting the Asian country is planning to shut down local bitcoin exchanges, according to a Google translation.  Bitcoin’s price fell 7 percent […]

Bullishness on China sends copper soaring

Bullishness on China sends copper soaring

Copper’s many applications have made the metal a widely checked barometer of economic health.  TOKYO — Copper prices have surged in recent weeks amid growing optimism about the economic outlook for China and the world, but some warn that the rise has outstripped real demand and a correction could be in the offing.  A rally […]