Investing
China escalates crackdown on $US1 trillion market
China’s crackdown on shadow banking is taking aim at more than $US1 trillion of opaque investments sold by banks as low risk and high yield, even while funds were channelled to riskier borrowers such as developers.
- by Bloomberg News
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ASX hits 7400 then softens; oil stocks surge while miners drag
The ASX200 brushed away weak leads to break through the 7400 points barrier just before 11.30am. It has since eased, but banks, healthcare, consumer staples and energy stocks continue to outperform.
- by Lucy Battersby and Alex Druce
Rupert Murdoch’s Fox creates $130m fund to invest in NFTs
Rupert Murdoch’s Fox Corp. is joining the list of investors and businesses pumping big money into nonfungible tokens.
- by Christopher Palmeri
Millennials plough their savings into cryptocurrency
One-in-five millennials – those aged between 25 and 40 – now own cryptocurrency but investment professionals warn against making short-sighted decisions based on Fear Of Missing Out.
- by John Collett
As it happened: Blue-chips fire ASX to new record high
The ASX 200 added 70 points on Tuesday to close at a new record high of 7379.5 points, a gain of 0.9 per cent.
- by Lucy Battersby and Alex Druce
‘I don’t see any reason’: Investors sleeping on emerging markets boom
Asset managers are tipping local portfolios to increasingly feature companies from so-called developing nations, as investors seek new growth opportunities.
- by Alex Druce
As it happened: ASX edges to new record close, fourth weekly gain
The ASX 200 started lower but rose to finish Friday session’s 0.1 per cent higher at a new record 7312.3. The market gained 0.2 per cent for the week.
- by Alex Druce
As it happened: ASX ends above 7300 as US price data looms
The ASX 200 finished 0.4 per cent higher - closing above 7300 for the first time - thanks to gains by tech and property stocks.
- by Alex Druce
As it happened: Miners rise, banks sag as ASX drops from record high
The ASX 200 reset its record high but turned negative in the afternoon, ending 0.3 per cent lower at 7270.2. Early gains for the financials eased, but materials remained positive.
- by Alex Druce and Lucy Battersby
Opinion
Opinion
Investments that promise security of income have drawbacks
While retirement income products have their place, their pros and cons need to be fully understood.
- by John Collett
Accountants join revolt over Frydenberg’s proxy advice reforms
Peak bodies representing more than 200,000 accountants have hit out at a controversial proposal to weaken the influence of the shareholder advisory industry.
- by Anne Hyland