Fortescue sees China’s surging iron ore demand lasting longer

We’re sorry, this service is currently unavailable. Please try again later.The head of mining giant Fortescue believes China’s aggressive post-COVID-19 infrastructure spending and strong profit margins across the country’s massive steel sector could continue supporting sky-high prices for Australia’s biggest export, iron ore.After the iron ore price hit an all-time high of $US193.85 this week, […]

Iron ore price soars to a record high as China’s steel mills run hot

We’re sorry, this service is currently unavailable. Please try again later.The price of iron ore, Australia’s biggest export, has surged to an all-time high as aggressive, infrastructure-focused stimulus programs in China fuel booming demand for the key steel-making raw material.Iron ore’s stunning rally over the past year – which has delivered mega-profits to mining giants […]

Economists’ high-rise study a low blow for heritage activist

We’re sorry, this service is currently unavailable. Please try again later.The introduction of high-rise developments in tin-and-timber suburbs do not have a negative impact on neighbourhoods’ character, a Sydney study has found – but a Brisbane community group says the assumptions that led to that conclusion are well off the mark.Centre for Independent Studies economists […]

Ladbrokes owner increases bid to $3.5b for Tabcorp’s wagering business

We’re sorry, this service is currently unavailable. Please try again later.British wagering giant Entain has failed to deliver a knock-out bid with a revised $3.5 billion offer for Tabcorp’s unloved bookmaking and media business, with the ASX-listed gambling group holding out for higher bids and exploring a demerger.Tabcorp on Tuesday morning confirmed the revised bid […]

From woe to pro: CFD sellers find a way around ASIC’s new limits on leverage

We’re sorry, this service is currently unavailable. Please try again later.It’s been only two months since the corporate regulator laid out new rules restricting the sale of high risk financial betting products but savvy sellers and leverage-hungry traders have already found a (legal but potentially dangerous) workaround.Amid fears the new rules will drive away customers, […]

Canadian property group sets sights on build-to-rent apartments

We’re sorry, this service is currently unavailable. Please try again later.Canada’s Oxford Properties and its Australian Investa property business have entered the burgeoning build-to-rent apartment sector in Sydney’s city, at a time when the NSW government is seeking solutions at getting people back to the CBD.Under the development approval from the Independent Planning Commission, Oxford […]

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