Billionaire investor and founder of Platinum Asset Management Kerr Neilson says shares are at least as good a bet as the property market, and it would take a “leap of faith” for house prices to beat inflation over the next decade.
The American businessman recently hired and then sacked by Myer on his first day — after it found he had allegedly falsified his credentials — has been charged by Victorian police with fraud.
Classifieds giant REA Group has paid $106 million for 17.2 per cent of iProperty Group, an online property business that operates in South East Asia.
Drug developer Clinuvel Pharmaceuticals has received an unsolicited $95 million takeover offer from controversial, NASDAQ-listed drug company Retrophin, which has sent its share price soaring by 28 per cent.
Exporters may be bemoaning the ‘stubbornly high’ Australian dollar, but according to the Big Mac Index, its valuation is spot on.
Local stocks are poised to open little changed with investors in a defensive mode ahead of key earnings as well as this week's US central bank policy meeting.
The latest Australian share prices