News: Money

The ATO targets hundreds of Australia's richest people in a crackdown on tax avoidance

Tuesday  11:06,   12 december 2017
Business Insider Australia

The Australian Tax Office is targeting hundreds more of the country's richest people as the man who replaced disgraced Michael Cranston takes a more personal approach to high-end tax avoidance. Under the auspices of the Tax Avoidance Taskforce[...]

The Winklevoss twins think bitcoin could 'go up another 20 times' and trounce gold

Tuesday  11:06,   12 december 2017
Business Insider Australia

The Winklevoss twins think bitcoin could appreciate 20 times and trounce gold. Others say the cryptocurrency is in a bubble. Traders in the new bitcoin futures market appear bullish on the red-hot coin. Contracts for the January futures contract on[...]

Apple confirms deal to buy music discovery app Shazam

Tuesday  11:06,   12 december 2017
Reuters

Apple Inc (AAPL.O) on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source. Apple did not give a price for the acquisition.[...]

Now there is a way for contagion from a bitcoin price collapse to flow into the rest of the markets

Tuesday  11:05,   12 december 2017
Business Insider Australia

Everyone is assuming that bitcoin is largely disconnected from other financial markets so there will be little contagion if there is a crash. Much of that jokey background noise comes from the assumption that the only people who will get[...]

Australian Christmas Delivery Cut-Off Dates

Tuesday  11:05,   12 december 2017
Lifehacker Australia

If you’re the kind of person that hates crowds (me), shopping (me) and can’t deal with Christmas carols all day long (me) – then online is the way to get your Christmas shopping done. The only caveat is making sure your deliveries arrive on time.[...]

Wheat production is holding back our national accounts growth

Tuesday  11:01,   12 december 2017
Sydney Morning Herald

Most years John Eastburn grows wheat, but not this year. ​The wheat producer and chairman of Grain Growers, the peak Australian grain industry body, normally farms 400 hectares  of wheat on his property 250 kilometres south-west of Tamworth, in the [...]

Auction clearances in Sydney and Melbourne are about to hit fresh multi-year lows

Tuesday  11:01,   12 december 2017
Business Insider Australia

The temperature is rising outside, but Australia's housing market continues to cool. The temperature is rising outside, but Australia's housing market continues to[...]

Real estate: Australian property prices 'vulnerable' to interest rate shock

Tuesday  11:01,   12 december 2017
MSN

Australia and Canada have a lot in common when it comes to property — both nations have record housing debt and have had surging prices in two of their key cities. But there are some key differences in housing policy and financial practices [...]

Volatility set to play havoc with bitcoin futures

Tuesday  11:00,   12 december 2017
Sydney Morning Herald

Bitcoin prices swung wildly over the weekend, heightening concerns that the new futures markets might struggle.Futures in the manic cryptocurrency markets begin trading on Monday after an extremely volatile weekend that saw the price of bitcoin[...]

AUSTRALIAN STOCKS STALL: Here's what you need to know

Tuesday  11:00,   12 december 2017
Business Insider Australia

<p>Australian stocks closed marginally higher.</p>Today’s[...]

Christmas has come early for Australian petrol retailers

Tuesday  11:00,   12 december 2017
Business Insider Australia

Christmas has come early for Australian petrol retailers, especially in Sydney.&nbsp;Christmas has come early for Australian petrol retailers, especially in[...]

South Korea has reportedly banned bitcoin futures

Tuesday  11:00,   12 december 2017
Business Insider Australia

South Korea has banned securities firms from handling bitcoin futures. Exchange operator Cboe launched first bitcoin futures on Sunday night. Huge demand for the product crashed <g class="gr_ gr_5 gr-alert gr_spell gr_inline_cards[...]

Comment: Cup of sorrow: the brutal reality of Australia's franchise king

Tuesday  11:00,   12 december 2017
Sydney Morning Herald

Julia Banks will never forget the panic attacks. She still finds herself waking up in the middle of the night, heart pounding and mind racing from stress."It's pretty well destroyed our lives,"[...]

As Rod Sims takes on the tech giants, the world will be watching

Tuesday  11:00,   12 december 2017
Sydney Morning Herald

The ACCC boss has battled supermarkets, energy companies and banks before. But Google and Facebook will be a different kind of challenge.But even our supermarkets, banks and airlines would blush at the level of concentration in the digital[...]

Queensland entrepreneurs aim to 'turn everyday Aussies into everyday Elon Musks' with new venture

Tuesday  10:56,   12 december 2017
Brisbane Times

A trio of Queensland innovators are turning e-waste into power supply for remote communities.It's called PowerWells and was inspired by Tesla's Powerwall home battery, except this local initiative is a smaller version that is much cheaper, can be[...]