$12.8trn wipeout exposes markets' flaws
![The drop in global share markets since the May peak has wiped out around $US9 trillion ($12.8 trillion) off global market capitalisation.](/content/dam/images/g/i/f/u/m/a/image.related.afrIndexLead.320x210.gji7ss.ghb50p.png/1441755252143.jpg)
Societe Generale estimates that the drop in global share markets since the May peak has wiped out around $12.8 trillion off global market capitalisation.
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Societe Generale estimates that the drop in global share markets since the May peak has wiped out around $12.8 trillion off global market capitalisation.
Chinese buyers of Australian real estate and commodity companies have lost more than $12 billion in the last two years, according to FIRB statistics.
The Australian dollar has surged back above US70¢ on the back of a stabilisation in Chinese, European and US stock exchanges and a minor pick up in commodity prices.
Oil Search is set to reject an $11.6 billion takeover offer from rival Woodside Petroleum, arguing the all share bid dramatically under values its LNG assets in Papua New Guinea.
The spin-off of UBS Wealth Management and its re-incarnation as boutique Crestone appears to have hit a few speed bumps.
University of Sydney has built fresh stakes in alcohol and tobacco firms following pledge to reduce investment in polluters and fossil fuel ...
Hardware expert who first predicted massive losses, says Masters needs to dump timber and tools for paint, carpets and tiles.
The international economics community is stepping up pressure on the US Federal Reserve to delay raising interest rates.
Australian airstrikes inside Syria are expected within weeks as is a significant increase in the intake of refugees from the conflict.
The draining of foreign exchange reserves by some of the world's central banks does not look good for the Australian dollar.
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