Investing

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…

Win for Rinehart’s Hancock Prospecting after Takeovers Panel ruling

The battle to take over West Australian mining company Atlas Iron has taken a turn in favour of billionaire mining magnate Gina Rinehart. The Australian Takeovers Panel ruled on Monday that it would take no action to investigate a takeover bid for Atlas by Redstone Corp, a subsidiary of Rinehart’s Hancock Prospecting. The panel became…

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,…

BetaShares April Australian ETF Review

The Australian exchange traded fund industry increased 3.3% (or $900 million) to hit a new record of $28.3 billion in funds under management (FUM) at the end of April, according to the BetaShares Australian ETF Review – April 2017.  The latest monthly growth was driven by a relatively even split between new inflows coming to…

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…