News: Money

Trump Infrastructure Plan Gets $2 Trillion Nudge From Australia

Thursday  14:32,   22 february 2018
Bloomberg

President Donald Trump’s pledge to fix America’s ailing roads, bridges and airports may get an unlikely boost from retirement savers some 10,000 miles away in Australia. In face-to-face talks at the White House this week, Prime Minister Malcolm[...]

Bellamy's Australia half-year profit triples as turnaround plan bears fruit

Thursday  14:32,   22 february 2018
Reuters

Infant formula maker Bellamy's Australia Ltd (BAL.AX) announced that first-half profit more than tripled, bolstered by rising demand for its products and lower operating costs, suggesting its turnaround plan was showing results. Net profit after [...]

Bill Gates Reveals His Most 'Extravagant' Purchases, Including an Indoor Trampoline Room

Thursday  14:32,   22 february 2018
ETOnline

The Microsoft billionaire made his first appearance on 'The Ellen DeGeneres Show.'Bill Gates makes his first appearance on The Ellen DeGeneres[...]

Qantas has announced another record profit

Thursday  14:31,   22 february 2018
Business Insider Australia

Qantas has posted a record profit for the 2018 half-year despite higher fuel costs and increasing competition on the domestic market. Qantas has posted a record profit for the 2018 half-year despite higher fuel costs and increasing[...]

Another building company stops work due to financial troubles

Thursday  14:30,   22 february 2018
MSN

BCL Group has suspended trading while reviewing its finances, becoming the second WA builder in weeks to stop work. Subcontractors WA says there are other companies that could be in trouble.One subcontractor is owed $500,000 from projects worked on[...]

Comment: Dumping of top stock-picker Sevior sounds alarm for money managers

Thursday  14:29,   22 february 2018
The Age

Australian Super's dumping of the fund run by John Sevior, underscores the challenges confronting professional money managers on many fronts. Fund managers are fending off low-cost index-tracking funds, which are gobbling up market share and[...]

Will Ghana lead Anglophone West Africa to a single currency?

Thursday  14:29,   22 february 2018
dw.com

What's behind the new push to introduce a West African single currency, the Eco? A statement by Ghana's finance minister indicates Accra may be making one last attempt to realise this elusive goal. "The single currency for 2020 vision is:[...]

Billionaire Mark Cuban: ‘One of the great lies of life is follow your passions’

Thursday  14:27,   22 february 2018
CNBC

The tech entrepreneur says you should do this[...]

Households to hand over control of backyard pool in power trial

Thursday  14:27,   22 february 2018
Sydney Morning Herald

Around 5000 homes are handing over control of their backyard pools in a $5 million trial to return power back to the grid during peak demand times. The trial, run by Pooled Energy and supported by the Australian Renewable Energy Agency, aims to[...]

Bitcoin nearly doubles in value from year's low hit in early February

Thursday  14:27,   22 february 2018
Reuters

<p>Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea's financial regulator eased its stance on cryptocurrencies, weeks after it considered[...]

This startup wants to create a 3D-printed heart

Thursday  14:26,   22 february 2018
USA TODAY SPORTS

The goal is to create more viable organs in the event of a transplant.Company BioLife4D is working on just that: a printing process that could recreate a beating human heart using a patient's own[...]

Something unusual is going on with the gold price

Wednesday  18:33,   21 february 2018
Business Insider Australia

The gold price has risen more than 7% since mid-December, helped by a weaker US dollar It fell by over 1.2% on Tuesday, the steepest decline since July last yearThat's the view of Vivek Dhar, mining and energy commodities analyst at the Commonwealth [...]

Weak wages risk to budget outlook: IMF

Wednesday  18:33,   21 february 2018
MSN

The International Monetary Fund is anticipating a gradual pick-up in Australian economic growth with a return to full employment by 2020.Weak wages growth is threatening the Turnbull government's forecast for a budget surplus in mid-2021, the[...]

Apple may secure its own battery materials to avoid shortages

Wednesday  18:33,   21 february 2018
Engadget

Cobalt is an essential component in lithium ion batteries, making it a crucial material in the production of smart devices and electric vehicles.&nbsp;According to the report, Apple is seeking to lock down a long-term deal, securing several[...]

Coles supermarket sales slow, adding to Wesfarmers' Bunnings UK woes

Wednesday  14:01,   21 february 2018
MSN

Earnings at the country's second biggest supermarket chain fell 14 per cent.Coles' sales growth has again slowed and its earnings have gone backwards, compounding woes for parent company Wesfarmers, which has seen its half-year profit plunge 86[...]