US Property Investment Platform Fundrise Launches in Australia
A new opportunity has opened up to Aussies interested in crowdfunded property. Popular US based platform Fundrise is now accepting Australian investors.
Consumer Confidence Gets a Boost from the Malcolm Turnbull Effect
It’s been nearly a week since Malcolm Turnbull was sworn in. And already, he’s boosted consumer confidence, by 8.7%. The index went from 105.3 to 114.5.
NAB Economist Reports: Europe Thinks the Australian Economy is Toast, Blames Housing
NAB chief economist of markets, Ivan Colhoun, says Europe thinks the Australian economy is done for. Europeans are blaming China, mining, and housing.
Why RBA Governor Glenn Stevens is Upbeat About the Australian Economy
All signs are pointing to a major economic downturn. At least in Australia, if not around the world. But RBA governor Glenn Stevens says it’s not all bad.
Why Equifax Wants to Take Over the Veda Group
Equifax [NYSE:EFX] wants to buy Veda. And they’re prepared to pay up, big time. The announcement gave a boost to VED. As at 2:28pm, VED is trading up 32.83% at $2.65.
Where Does Malcolm Turnbull Invest His Money?
Australia’s former prime minister is a wealthy man. He’s already amassed quite a fortune, even before he entered politics. So how does Malcolm Turnbull invest? As the Parliamentary Register shows today, it’s far from boring.
What Pacific Equity Partners’ Purchase of Manuka Health Says About the Health Foods Industry
Private equity fund Pacific Equity Partners has made an interesting new purchase. They’ve signed a deal to acquire Manuka Health, a New Zealand based company focused on Manuka honey products.
The ASX 200 Quarterly Rebalance: Who’s In (Mantra, MYOB) and Who’s Out (Bradken, Kathmandu)
This morning, S&P Dow Jones Indices announced the results of the quarterly shakeup of the ASX 200. Amongst the new additions is MYOB Group Limited .
2015 IPO Winners and Losers (So Far)
Floats raised $2.5 billion in the first half of the year. There were 30 new listings. That’s eight more than the first half of 2014. But each IPO raised less. In 1H14, $4.6 billion was raised.
Why is Harvey Norman Going in to the Dairy Farming Business?
This morning, retailer Harvey Norman [ASX:HVN] announced an unusual new acquisition. HVN’s wholly owned subsidiary has bought a farm. A dairy farm, to be specific.