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Bitcoin, an ‘Uber’ currency, not without risk

Bitcoin, which this week soared to a new record high of more than $8,000, is the monetary equivalent of Uber, since it bypasses central bank regulation and could be attractive for financially fragile countries, economists say.Nevertheless, it is precisely the lack of oversight that opens up the users of cryptocurrencies such as bitcoin to risks…

China’s tech giants reach global elite with gamers, shoppers

Powered by Chinese smartphone users splurging billions on mobile games and online shopping, China’s tech giants Tencent and Alibaba are racing up the elite league of the world’s most valuable companies.Hong Kong-listed Tencent, famous for its games and WeChat messaging service, became the first Asian firm to break into the $500 billion league last week…

UK Summer scramble or ‘We know what we did this summer’

This summer, the team on The Value Perspecitive set about narrowing down the 55,000-odd listed companies in the world to half a dozen or so ‘must-own’ stocks. Here’s how.This summer, the team on The Value Perspecitive set about narrowing down the 55,000-odd listed companies in the world to half a dozen or so ‘must-own’ stocks. …

CommSec Daily Report Monday

Latest newsAustralian shares are off to a better start, with the ASX 200 lifting by 0.3 per cent and breaking through 6000pts for the first time in a fortnight. This places the market within striking distance of a near 10-year high and follows largely directionless trade last week due to holiday in the US.Almost all…

Thousands of carob trees planted as Cyprus revives ‘black gold’

Nearly 6,000 carob trees were planted on Sunday in Cyprus as the Mediterranean island seeks to revive its tradition of producing ‘black gold’.‘We’re going to plant 40,000 carob trees before the end of March,’ said Constantine Christophides, a professor at the University of Cyprus who heads the project.In three or four years, these trees could…

Meredith Corp to buy Time Inc. for $2.8 billion

Time Inc. is selling for $2.8 billion to media conglomerate Meredith Corporation, backed by the billionaire Koch brothers known for supporting conservative causes, in an unlikely ending to a saga over the future of CNN’s parent company.Time, which also publishes its eponymous magazine, Fortune, and Sports Illustrated, began looking for a buyer late last year…

India takes no chances for Ivanka Trump visit

Indian authorities have cleared beggars off the streets and brought in 10,000 extra security forces for Ivanka Trump’s biggest foreign mission since her father became president.President Donald Trump’s eldest daughter is to be the key speaker Tuesday at the opening of a three-day Global Entrepreneurship Summit in Hyderabad alongside India’s Prime Minister Narendra Modi.The southern…

2015 win was never an accident: Palaszczuk

By any measure, Queensland Premier Annastacia Palaszczuk is now the most successful female politician in Australian history, poised to take government for a second term. Labor is on track to win at least 47 seats following Saturday’s election, which would give it a majority in Queensland’s new 93 seat parliament. It’s a long way from…

Could the LNP be headed for divorce?

Could divorce – on the grounds of irreconcilable differences – be on the horizon for Queensland’s bruised Liberal National Party? At least one political analyst thinks so, and veteran Nationals MP Vaughan Johnson says the marital bed is decidedly frosty after the merged party’s poor showing in Saturday’s state election. It’s been almost a decade…

Flat open likely for Australian market

The Australian share market is tipped to start the week flat, despite a strong positive lead from Wall Street. In the US on Friday – in a half session on the post-Thanksgiving holiday known as Black Friday – technology stocks led the S&P 500 and Nasdaq to record closing highs. But locally, AMP Capital chief…