Investing

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…

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…

Home price correction we had to have

Home prices: Correction we had to haveHome prices; Manufacturing; Job adsHome prices: The CoreLogic Home Value Index of capital city home prices fell by 0.3 per cent in June to stand 1.6 per cent lower over the year. The national home price index fell by 0.2 per cent in the month to be down 0.8…

EU’s Vestager, the Dane who is Google’s bane

If the critics of Silicon Valley needed a leader, many would turn to Denmark’s Margrethe Vestager, the EU’s top anti-trust regulator.Around the world, authorities and governments now look to the elegant Dane who in June slapped Google with a record 2.4-billion-euro fine for illegally favouring its shopping service in search results. Google hit back on Monday,…

CommSec Daily Report Friday

The Australian market fell into the red at the beginning of trade after a lack lustre session in the US overnight. US share markets were held in tight ranges on Thursday. After trading in a 70-point range, theDow Jones ended higher by 6 points, the NASDAQ up 24 points.At the open of trade the ASX…