Housing sector not the only risk: RBA
RBA's Luci Ellis: "There are things going on in other markets domestically that are worthy of consideration." Photo: Alex Ellinghausen The Reserve Bank says the property sector isn't the only potential risk for Australia's financial system.RBA head of financial stability Luci Ellis says the central bank is monitoring the system as a whole, rather than just housing."There are things going on in other markets domestically that are worthy of consideration," she..>> view originalLong-term bonds could fund infrastructure
Chinese interest in Palmer's Qld station
The sale of a cattle station owned by Clive Palmer has attracted attention from private Chinese interests.Mamelon Station, a 6258-hectare property northwest of Rockhampton, central Queensland, is being sold to help raise funds for Mr Palmer's embattled Queensland Nickel operations.Colliers International's Ben Forrest said investors, funds and graziers had all registered interest in the property, which was bought by QNI Metals for around $8 million in 2010. The international attention had come f..>> view originalChina home prices post biggest rise in almost two years on red-hot demand in big cities
Reuters on March 18, 2016, 12:41 pm Buildings of a residential compound are seen in Shanghai, China, March 17, 2016. REUTERS/Aly Song BEIJING (Reuters) - China's home prices rose at their fastest clip in almost two years in February thanks to red-hot demand in big cities, but risks of overheating in some places combined with weak growth in smaller cities threaten to put more stress on an already slowing economy.Average new home prices in 70 major cities climbed 3.6 percent in Februa..>> view originalNine seeks to outmanoeuvre Bruce Gordon in Southern Cross swoop
Nine chief executive Hugh Marks has praised Southern Cross's management. Photo: Janie Barrett Nine Entertainment Co's decision to snare nearly 10 per cent of Southern Cross Media positions it to try strike a possible affiliation deal with the regional broadcaster without the risk of being blocked by Bermuda-based billionaire Bruce Gordon.Nine's chief executive Hugh Marks praised the management of Southern Cross, which Nine acquired 9.99 per cent stake in on T..>> view originalChina's Jangho swoops on Primary Health Care
Primary Health Care CEO Peter Gregg wrote to his staff on Friday saying that Jangho's intentions were unclear. Photo: Jessica Hromas Primary Health Care chief executive Peter Gregg says he will approach China's Jangho Group, which has seized an 11 per cent stake in the company, to gauge its intentions amid speculation that a takeover bid looms.On Thursday night Jangho emerged with its stake in Primary the listed pathology, diagnostic imaging, and medical cent..>> view originalDomino's serves up pizza delivery robot
Domino's serves up pizza delivery robot The droid could spell the beginning of the end of the pizza delivery boy. Domino's Australia has turned a military robot into a pizza delivery droid.DRU (Domino's Robotic Unit), a prototype of what Domino's says is the world's first autonomous pizza delivery vehicle, was unveiled in Brisbane on Thursday night.The fast food retailer built the droid with Australian start-up Marathon Robotics using a robot sourced from th..>> view originalBillionaire Solly Lew says some house price bubble dangers loom
Billionaire Solomon Lew believes there are some potential dangers lurking for property buyers after a strong run-up in house prices. Photo: Jesse Marlow Billionaire Solomon Lew says there is some danger for property buyers in the sharp rise in house prices – but he says record-low interest rates are unequivocally good for businesses.Mr Lew, who sits at No.17 in the BRW Rich List with an estimated personal wealth of $2 billion and was a board member of the Res..>> view originalTreasurer Scott Morrison promises foreign investment crackdown after controversial Darwin port sale to China
Australian Treasurer Scott Morrison has promised a ‘formal review’ of all future major asset sales to overseas investors.Kara VickeryNews Corp Australia NetworkTHE Federal Government has announced it will strengthen Australia’s foreign ownership rules, just months after copping criticism for failing to properly assess the sale of the Port of Darwin.Treasurer Scott Morrison said from March 31 the Foreign Investment Review Board would “formally review” all critical infrastructure asset sales — upp..>> view original$A surges as greenback sinks on US rate path
Video will begin in 5 seconds. Five factors driving the Aussie dollar Interest rate policy and the price of iron ore are two of five key factors, which can determine the rise and fall of the Australian dollar. PT2M22S 620 349 The Australian dollar has surged still higher as the impact of the Federal Reserve's revised rate rise path hammered the greenback for a second day, and bolstered commodities too.At about 2.45am Sydney time, the $A was up 1 per cent at US76.26¢. It reach..>> view original
Thursday, March 17, 2016
Housing sector not the only risk: RBA and other top stories.
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