Investing

India set to develop US and Russia infrastructure link

India is in talks on a deal with the US and Russia that is set to build infrastructure in its country and beyond to counter China’s Belt and Road Initiative (BRI). The move will also encompass working with Australia and Japan, among others. The partnership will span the Indo-Pacific region, and connectivity networks will be…

Coronado launches largest world mining IPO since last boom

Coronado Coal’s IPO float is the largest of any mining company in the world since the last mining boom earlier this decade. The coal mining company is looking to list itself on the stock exchange for $4.4bn as it aims to perform against expectations of fading coal giants. Coal prices have been struggling in the…

China and Australia to set up new blockchain deals

China and Australia have agreed to work together to strengthen ties through blockchain technology as the transactional transparency medium begins to progress further. With Australia already making a name for itself as one of the leading countries in blockchain technology, it may come as no surprise that China would look to its Pacific neighbor to…

Australia’s investor loans hit lowest point in five years

Australia’s housing market continues to struggle but is still managing to fend off signs of any looming credit crunches that have cropped up in talks in recent months. The value of investor loans, which has hit its lowest point in half a decade, received some support from a modest increase in new loans and new…

China announces three-year plan to invest $60bn in Africa

Beijing has announced a plan to invest $60bn across the African continent in the next three years as it presses ahead with its Belt and Road Initiative launched earlier this year. Chinese Premier Xi Jinping confirmed the news at the Forum on China-Africa Cooperation, which takes place every three years. Without offering full details at…

UK bonds sold off at record pace

The imminent severance of ties between the United Kingdom and the European Union is spooking record numbers of foreign investors, with no trade deal likely to be on the table and signed any time soon. This has led to investors from overseas ridding themselves of UK government bonds as Britain looks set to navigate troubling…

Central bank head wants to see Australian dollar weaken

The Governor of the Reserve Bank of Australia Philip Lowe told a parliamentary session last week that he wants to see the Australian dollar weaken further as he seeks to resist a need to change the current level of interest rates. Expecting to see interest rates maintain their record low “for a while yet,” his…

CBA chosen by World Bank for new blockchain deal

The World Bank has chosen the Commonwealth Bank of Australia (CBA) to create and develop a pioneering new platform to allow bond trading via blockchain. Bonds typically involve an exhausting and complex process to use, purchase and shift capital around the world from global entities and large corporations. The CBA hopes to be able to…

IBM shares on the rise after beating earnings estimates

IBM saw an impressive performance on Wednesday evening trading, as its latest returns beat both top and bottom line estimates from investors. Posting earnings of USD $3.08 a share for the second quarter of 2018, its result beat analyst predictions by $0.04. IBM’s total revenue figures also came in higher, with its $20bn total outreaching…

Partnership creates Australia’s first bitcoin vault

A blockchain investment company has teamed up with a safety deposit group to create Australia’s first insured cryptocurrency vault. Decentralised Capital, led by Stephen Moss, has partnered with Custodian Vaults, part of metals company Pallion Group, to create the venture and reinforce Moss’ view that there is no bitcoin bubble. Decentralised Capital offers OTC trading…