Thursday , May 28 2020
Breaking News
Home / 2020 / May / 01

Daily Archives: May 1, 2020

WA hub hangs in balance as AFL eyes partner to get 2020 season rolling

Loading But he appears to have been caught holding the ball, brimming one moment at the prospect of a $10 million economic windfall to host teams for six to eight weeks, while refusing to bend the state’s strict coronavirus measures that have WA resisting the spread of the virus better …

Read More »

China’s WeChat owner buys $390 million stake in Australia’s Afterpay

“Afterpay’s approach stands out to us not just for its attractive business model characteristics, but also because its service aligns so well with consumer trends,” Tencent chief strategy officer James Mitchell said. Loading Buy-now-pay-later service providers have gained popularity, mainly with millennials, as they allow payment for goods through interest-free …

Read More »

‘Despicable ME’: The boutique bank raiding accounts linked to home loans

The customers said they believed the money was like savings that could be withdrawn at any time. Their anxiety was amplified when the bank failed to return calls. “I’ve rung the bank three times and spoken to two different departments only to be told someone will call in 48 hours,” …

Read More »

Falling for an old flame: Can Australia really grow through gas?

The figure that flashed up on a screen behind him was extraordinary. For the first time in Australian history a shareholder resolution demanding that a fossil fuel company offset the greenhouse gases emitted by its customers’ use of its products – gas and oil burnt in power plants – had …

Read More »

Mirvac reports fall in residential sales

“In the middle market, where were are focussed on affordability and liveability, we have seen a pick up in inquiries,” Mr Steinert told the Sydney Morning Herald and The Age. “There was a low in March but that has been trending up. A lot of our buyers remain employed and …

Read More »

Dexus, Frasers move closer to $2.5b Central tech hub

Google was to anchor the NSW government’s White Bay project but that fell through, leaving it to seek out an additional 100,000 sq m elsewhere — about the same size as the proposed Central station site. Under the latest plan, it will comprise a twin-tower development of about 150,000 square …

Read More »

‘Ground to a halt’: Worst-hit tourist towns brace for double-digit downturns

Most of Victoria’s tourist towns escape this “pretty grim” prognosis, Rawnsley says, largely because areas like the Mornington Peninsula have diversified into businesses such as wineries, which should keep some workers employed in production and agriculture. Loading “This impact will have a hangover into 2020-21. These businesses won’t spring back …

Read More »

Cashed-up Nan Xin heads to Hawthorn for next project

Records show the vendors Eugene and Melissa Krok bought the property for $2.83 million in 2017. The pair bought up several Hawthorn properties in the Swinburne Uni precinct and resold at tidy profits after gaining permits. Next door, No.19, is also for sale through Vinci Carbone agent Stephen Speck who …

Read More »

Don’t bank on it, payout shock as dividends hit the wall

They were blunt reminders of a fundamental investing rule that some may have forgotten after a near three-decade golden run for banks: dividends are not a sure thing. Fund manager Andrew Martin, principal at Alphinity, says although many people are attracted to bank shares for the dividend yield, the fact …

Read More »

After the anti-social lockdown comes the anti-jobs recession

Until now. Uniquely, this recession has happened because of a knowing act of government policy. It’s “the recession the medicos said we had to have” as the only way to stop the virus killing people. As we’re about to discover, it’s a huge price to pay. And a month or …

Read More »