Breaking news

Warnings as Bitcoin hits new record high

Bitcoin has blasted to another all-time high of just over $US17,750 ($A24,850), up 8 per cent on opening, as concerns grow over the risks of investing in the highly volatile and speculative instrument. The cryptocurrency’s staggering price rises – more than 1700 per cent since the start of the year – have driven worries that…

Shares limp toward third week of gains

World shares have fallen and the US dollar slipped against major and heavyweight emerging market currencies, as nagging uncertainty about a US tax cuts package dovetailed with broad-based end-of-year caution. It was a groggy end to what was still set to be a third week of gains for MSCI’s global stock index following more upbeat…

Stocks of interest on the ASX this week

RFG – Retail Food Group – down $1.55, or 35.2 per cent, to $2.85 Australia’s largest multi-brand food retailer, which includes the Gloria Jean’s, Brumby’s Bakery and Crust Pizza brands, has been accused of mistreating franchisees, including charging hefty fees that have driven some to the wall, following a Fairfax Media investigation. MYR – Myer…

A preview of next week’s economic data

CORELOGIC CAPITAL CITY HOUSE PRICES Due: Monday Period: Week ending December 17 Last result: The number of homes under the hammer across Australia bounced back from a two-year low in the week to December 10, but house prices hardly moved. More than 3,350 auctions were held across the combined capital cities, returning a national auction…

Relief for Turnbull with win in Bennelong

A relieved Malcolm Turnbull will end the year on a high with his government’s majority – and his leadership – safe for now following the Liberal party’s win in the crucial Bennelong by-election. But Labor says its showing in the Sydney electorate shows the Australian public is ready to ditch the coalition government and they…

News from around the world

William in a bind over brother’s wedding Prince Harry and Meghan Markle will marry in St George’s Chapel at Windsor Castle on May 19 – the same day as one of the biggest English sports events of the year, the FA Cup final. – Quake strikes Java, deaths reported An earthquake with a magnitude of…

NKorea ICBM not yet a ‘capable threat’: US

US Defense Secretary Jim Mattis says analysis continues on North Korea’s most recent missile test, but he doesn’t believe its intercontinental ballistic missile (ICBM) poses an imminent threat to the United States. “It has not yet shown to be a capable threat against us right now … we’re still doing the forensics analysis,” Mattis told…

US wants Russia’s help on N. Korea: Trump

President Donald Trump says Washington hopes to receive more help from Russian President Vladimir Putin in efforts to convince North Korea to abandon its missile and nuclear weapons program. “The primary point was to talk about North Korea, because we would love to have his help on North Korea. China’s helping, Russia’s not helping; we’d…

Bega closer to peanut company takeover

Bega Cheese says it expects to have acceptances for 90 per cent of shares in takeover target Peanut Company of Australia by the time its offer for the company closes. Chief executive Paul van Heerwaarden said Bega’s $12 million takeover, announced in November, was progressing, with acceptances for 87.7 per cent of PCA issued shares…

Qantas foreign ownership falls slightly

The level of foreign ownership of Qantas has fallen one per cent. The airline is subject to a government-imposed foreign ownership cap, with overseas investors are not allowed to hold more than 49 per cent of the airline’s shares. Qantas says as of December 4, foreign investors held 46.7 per cent, down from 47.7 per…