The Australian | Business | World Business News
FBI probes possible J.P. Morgan hacking
Aug 27 2014
THE Federal Bureau of Investigation is probing a possible computer hacking attack on J.P. Morgan Chase & Co.Snapchat valued at $10bn
Aug 26 2014
KLEINER Perkins Caufield & Byers has agreed to invest in ephemeral message service Snapchat at a valuation of close to $US10 bn.Rosneft poised for Arctic LNG stake
Aug 26 2014
ENERGY giant Rosneft is poised to take control of a new Arctic Circle LNG project planned for an area of northern Russia fronting the Barents Sea.Global tech to transform over 3 weeks
Aug 26 2014
THE world’s tech will undergo a transformation over just three weeks with a bonanza of new phones, tablets, smart watches and OLED 4K TVs.Young diners not lovin’ it
Aug 25 2014
MCDONALD’S revenues have slumped and there’s one key reason: Millennials aren’t Maccas fans, choosing fresher, healthier food instead.Former IBM chief John Akers dies
Aug 24 2014
JOHN Akers, who led IBM as its longtime dominance of the computer industry began to wane, has died, aged 79.Bangladesh next in Seek strategy
Aug 20 2014
ONLINE jobs and education group Seek will continue expansion into international markets.Buffett joins $200K club. Membership: 1
Aug 15 2014
IMAGINE if you’d spent a grand on a single Berkshire Hathaway share 31 years ago. That stock just passed $US200,000 and is still climbing.Bloomberg Markets
Eli Lilly, Pfizer Land on China’s First Private Insurance List
Dec 7 2025
Eli Lilly & Co., Pfizer Inc. and Johnson & Johnson secured spots on China’s first innovative drug catalog, opening a new market channel and boosting sales prospects for costly, cutting-edge treatments.China’s PBOC Extends Gold-Buying Streak as Metal’s Rally Cools
Dec 7 2025
China’s central bank added to its gold reserves for a 13th straight month, according to data released on Sunday.Wall Street Bets Chinese Stocks Will Extend $2.4 Trillion Rally
Dec 7 2025
China has won back global funds in a banner year for stocks, with investors anticipating further gains on the country’s AI prowess and resilience amid US tensions.Hegseth Speaks at Reagan National Defense Forum
Dec 6 2025
United States Secretary of War Pete Hegseth spoke at the Reagan National Defense Forum saying president Trump can take “decisive military action as he sees fit.” (Source: Bloomberg)Powell on Track for Fed Rate Cut Despite Some Dissent
Dec 6 2025
Federal Reserve Chair Jerome Powell is expected to push through another quarter-point interest-rate cut this week despite growing unease among fellow policymakers that inflation remains too high.US Loses Financing Edge as Asia Borrows in Euros: Credit Weekly
Dec 6 2025
Asian economies aren’t just shifting their trading ties to fight against US tariffs, they’re also increasingly moving their financing to other markets, underscoring how President Donald Trump’s policies risk eroding American dominance of capital raising.Miami’s Housing Shortage Hits Affordability: Codina
Dec 6 2025
Codina Partners CEO Ana-Marie Codina says South Florida faces a growing affordability problem as housing demand outstrips supply and a proposal by Governor Ron DeSantis to eliminate property taxes on owner-occupied homes risks worsening the burden on renters. She spoke to Bloomberg’s Dani Burger at a Bloomberg New Voices event in Miami. (Source: Bloomberg)Wall Street Week | Rattner’s trip to China, Nepal’s Gen-Z Uprising, Capitalism 4.0, Succession Cliff
Dec 6 2025
This week, Willett Advisors’ Steven Rattner says China’s innovation is surging even as its consumers struggle, and warns that US trade policies won’t slow Beijing down. The real solution, he says, is doing better at home. And, a close look at the social media spark that ignited Nepal’s biggest youth-led protests in decades, toppling the government and revealing the power of perception in global uprisings against inequality. Plus, has capitalism lost its way, or is a new version already emerging? Later, a wave of retirements is reshaping America’s local businesses – succession planning could open opportunities for owners and private markets. (Source: Bloomberg)Bloomberg Technology
Australian PM Vows to Hold Social Media to Account as Ban Nears
Dec 6 2025
Australian Prime Minister Anthony Albanese reminded social media companies that they will be held responsible when a ban on children having accounts takes effect on Wednesday.CME Data Center Outage Caused by Human Error, CyrusOne Says
Dec 6 2025
An outage that took down markets operated by CME Group Inc. for more than 10 hours at the end of last week was caused by human error at a data center owned by CyrusOne.AI Causing ‘Enormous’ Anxiety Among Investors: Bravo
Dec 6 2025
Thoma Bravo Founder and Managing Partner Orlando Bravo says the rapid advancement of AI is stirring ‘enormous’ anxiety among investors and the hype has triggered a fear of missing out in private markets. Bravo spoke to Bloomberg’s Dani Burger at a Bloomberg New Voices event in Miami. (Source: Bloomberg)From 2,600% Gain to 86% Wipeout, Crypto’s Hottest Trade Crumpled
Dec 6 2025
What began the year as one of the best trades in the stock market has, in a matter of months, turned into one of the worst.A Thanksgiving Dealmaking Sprint Helped Netflix Win Warner Bros.
Dec 6 2025
The Netflix Inc. plans that clinched the deal for Warner Bros. Discovery Inc. started to shape up around Thanksgiving.Germany Speeds Up Anti-Drone Measures as Airport Incursions Mount
Dec 6 2025
Airline passengers preparing to land in Berlin just in time for Halloween were in for a nasty surprise when the engines of the aircraft suddenly revved up again and the plane began circling over the German capital.Netflix’s $5.8 Billion Breakup Fee for Warner Among Largest Ever
Dec 6 2025
Netflix Inc.’s $72 billion acquisition of Warner Bros. Discovery Inc. includes one of the biggest breakup fees of all time — a $5.8 billion penalty that Netflix has agreed to pay its target if the deal falls apart or fails to win regulatory approval.Russian Billionaire Must Pay Up in VC Fund Dispute, Judge Rules
Dec 6 2025
Russian billionaire Dmitry Rybolovlev largely lost a legal fight over whether his family trust was on the hook to provide tens of millions of dollars to a US venture capital firm to finance life-science startups.Bloomberg Wealth
Bitcoin Is Starting to Look Like a Digital Tulip
Dec 6 2025
It’s been a tough few weeks for holders of Bitcoin. Not long ago you could, with a little effort, make a reasonable case that it was a bit like gold. Digital gold.Warner CEO Zaslav Poised to Become Billionaire From Netflix Deal
Dec 5 2025
Netflix Inc.’s $72 billion acquisition of Warner Bros. Discovery Inc. is a coup for stockholders, whose shares are being bought for more than triple what they were worth as recently as April.Citizens Eyes Philadelphia in Push to Expand Private Bank Effort
Dec 5 2025
Citizens Financial Group Inc. is seeking to expand its private banking business to more Northeast locations such as Philadelphia just two years after it got its start in the business.SL Green Drops as Next Year’s Outlook Falls Short of Estimates
Dec 5 2025
SL Green Realty Corp.’s shares dropped as much as 7.9% on Friday, the most since April, as the real estate firm’s forecasts fell below analyst expectations.Canadian Property Firm Says Loan Halted After BC Indigenous Case
Dec 5 2025
A property developer in Canada said bankers pulled out of financing a new building because of a landmark court ruling that granted an Indigenous group rights over about 800 acres of land near Vancouver.Michigan State Gets Record $401 Million Pledge to Boost Sports
Dec 5 2025
Michigan State University is getting a $401 million commitment, the largest in its history, from an insurance entrepreneur and his wife, mostly to bolster athletics at a time when big-time sports programs are vying to pay top players.Dambisa Moyo on Gold, Bitcoin, AI and the UK
Dec 5 2025
The economist shares her views on what’s holding back the UK and where we are in the AI bubble.