Coronavirus’ greatest problem is its ability to spread: Professor Columbia University professor of epidemiology Stephen Morse says the current coronavirus outbreak is closely related to SARS. Casino operators in Macao, the world’s biggest gaming enclave, will be allowed to resume operations on Thursday, following 15 days of closure to prevent the spread of the coronavirus. […]
Coronavirus threat part of somber global trade outlook: WTO
Coronavirus will have an impact on US supply chains: Investor Oxbow Advisers managing partner Ted Oakley discusses the impact coronavirus is having on markets and how it could affect the U.S. economy going forward. BRUSSELS (Reuters) – Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on […]
Coles in legal battle over claims of predatory pricing on cigarettes
Coles is battling a Federal Court claim of misuse of market power for predatory pricing on its cigarettes. Former tobacco store owners Anthony, Rebecca and Michael Rachelle have brought the claim against the supermarket giant which will be heard in the Federal Court on Friday. Anthony Rachelle is taking Coles to court over its cigarette […]
Metal shapers: 3D metal printing firm latest ASX hopeful
Robotic metal printing startup AML3D is vying to be the latest 3D printing stock to hit the ASX boards, though its chief executive says despite enthusiasm about the sector, growth will take patience. "It does take time, and it does need investment," Andrew Sales said. AML3D’s Andrew Sales (left) with an employee, said it’s hard […]
Asia Stocks Set For Cautious Start, With Yuan Flat: Markets Wrap
Asian stocks looked poised for a cautious start to the week as investors mulled China’s latest plans to help its economy counter the impact of the coronavirus outbreak. U.S. equity futures ticked higher. Futures edged lower in Japan and Hong Kong, while Australian shares opened flat after two weeks of gains for global equities. Volumes […]
Bendigo Bank kicks off $300m capital raise, cuts dividend
Bendigo and Adelaide Bank has kicked off a $300 million capital raising as it reported a sharp profit drop and announced it was cutting its interim dividend. Chief executive Marnie Baker blamed low interest rates and rising regulatory pressure at the release of its half-year results on Monday, adding that ongoing technology investment and compliance […]
China, Asia Bulk Up Economy Defenses Against Virus Ahead of G-20
China, Hong Kong and Singapore are pledging extra fiscal stimulus to counter the economic hit from the coronavirus, which will top the agenda of the world’s top finance officials this week. While the International Monetary Fund is calling for coordinated global action, there’s no clear picture on what that might entail. That puts the onus […]
Jupiter Deal Would Fit With Strategy, Canaccord Says
Jupiter Fund Management Plc’s potential acquisition of Merian Global Investors would fit its aim for U.K. consolidation, but with TA Associates Management seemingly ready to sell at a discount little over two years after its purchase there are “questions about the quality of the target,” according to Canaccord Genuity. Potentially, TA Associates may be attempting […]
Starting a startup: Juggling kids with business
Starting The Suite Set would have been radically different a decade ago. Launching a small business as a parent of two children under two would have been a much greater challenge if I had not been able to do my research and development all online. I’m not the only person to have discovered this it […]
Hong Kong Facing ‘Tsunami-Like’ Shocks, Finance Chief Says
Hong Kong is facing “tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the coronavirus outbreak after months of social unrest, Financial Secretary Paul Chan said. The impact of the epidemic on the Hong Kong economy is being felt beyond retail, food and […]