Property purchases start for SA motorway
ADELAIDE, AAP – Almost 400 properties will be acquired for the completion of South Australia’s largest infrastructure project with work on the final tunnels for the South Road corridor to begin in 2023. The final stretch of motorway from Darlington to Anzac Highway will cost about $10 billion and create an estimated 4500 jobs with…
How to Choose the Right Trading Platform in Volatile Conditions
Being a cryptocurrency trader, you are well aware that cryptocurrency markets have become increasingly volatile of late. Therefore, staying ahead in cryptocurrency trading can be challenging and risky, considering the leading cryptocurrencies fluctuating values. For instance, Bitcoin can trade at a whopping US$45,000 in the morning, and then a single event relating to business, markets,…
Lew ups stake in Myer, wants board out
SYDNEY, AAP – Retail magnate Solomon Lew has called for the board of the troubled Myer chain to resign after his company increased its ownership. Mr Lew, chairman of Myer’s biggest shareholder Premier Investments, said he and fellow shareholders had heard nothing from the company eight months after then-chair Garry Hounsell resigned. At the time,…
Banks launch review of their own rule book
CANBERRA, AAP – Banks have flagged tougher industry rules with a major review set to investigate tighter standards two years after the damning banking royal commission. The voluntary code is a set of promises made by a bank about how it will treat its customers, including when they run into financial difficulties and face eviction…
The Weighing Machine
Advocates of the “Buy and Hold” school of investing have long clung to the reported quotation from Benjamin Graham, the acknowledged rather of value investing: “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” Taken as written, the quote seems to imply a dichotomy…
J&J says shot is strong against Delta
WASHINGTON, D. C., RAW – Johnson & Johnson says its single-shot COVID-19 vaccine generates strong, persistent activity against the Delta and other highly prevalent variants. Data showed the durability of the immune response lasted through at least eight months, the US-based healthcare company said on Thursday, adding its vaccine was 85 per cent effective and…
Wind farms hit with fines over SA blackout
ADELAIDE, AAP – The operators of two South Australian wind farms have been ordered to pay more than $1.6 million in penalties for breaching national electricity rules in action taken after the 2016 statewide blackout in South Australia. Pacific Hydro Clements Gap Ltd was hit with a $1.1 million fine for failing to obtain written…
Implications of soaring crude oil prices
Implications of soaring crude oil prices Oil market; Resources Quarterly; Regional migration What happened? Global oil prices posted a fifth straight weekly gain. Brent crude rose by 3.6 per cent to US$76.18 a barrel and the US Nymex added 3.4 per cent to US$74.05 a barrel. Of importance to Australia, the Singapore gasoline price rose…
Trade surplus close to record in May
CANBERRA, AAP – Australia’s trade surplus grew to $9.68 billion in May, a shade smaller than the record $9.75 billion set in March 2020. Australian Bureau of Statistics figures show the May result compares with a goods and services trade surplus of $8.15 billion in April. Exports grew by three per cent in the months,…
Albanese to pledge path to full employment
CANBERRA, AAP – An elected Labor government will launch an in-depth study charting the path to full employment in a bid to create a post-pandemic jobs boom. Opposition Leader Anthony Albanese has pledged to commission a full employment white paper with input from government, industry and union experts. The report will devise a plan to…
