‘Insane’: Nation spirals into crisis
The wrong kind of Turkey is inflating this Thanksgiving as economists around the globe sit stunned at record numbers hit on Wednesday.
World Markets
$5b hoard the world wants but can’t have
There’s a global shortage of a key material which could impact everything from construction to consumer goods, yet a stockpile worth $US5m sits untouched.
New ‘bitcoin’ city on volcano
El Salvador has taken the unprecedented step of building a city solely devoted to bitcoin mining and also funded by bitcoin.
‘Elements of wagering’: Country bans crypto
In a strange twist, 88 per cent of the population are banned from trading crypto but the remainder are free to do as they wish.
Experts baffled by massive Bitcoin plunge
The crypto has lost 10 per cent of its total value just days after hitting new records, and financial analysts can’t agree on the cause.
Bitcoin smashes new record … then dips
People have flocked to the cryptocurrency after a dire prognosis of the state of the US economy — but as always it was a rollercoaster ride.
Man retires at 35 after lucky investment
A supermarket worker can head comfortably into retirement at the ripe age of 35 after a lucky $8k investment made him more than $1.3m.
Real reason for Musk’s $25 billion gamble
Elon Musk’s poll about selling Tesla stock sent the world into a frenzy, but the real reason he’s selling might be a mammoth tax bill.
WTO to investigate China’s wine tariffs
After Australia’s initial submission was knocked back earlier this year, the global trade referee will examine China’s anti-dumping tariffs on Aussie wine.
‘Too good’: Big scam Aussies are falling for
Bitcoin is surging once again, and thousands of Aussies are investing, hoping to make a fortune – but this one factor has seen losses of more than $328 million.
Unexpected crypto price surge
The price of “meme” crypto Shiba Inu has surged, with some crediting Tesla CEO Elon Musk for the unexpected rise.
‘Trillion dollar asset’: Bitcoin skyrockets
Bitcoin has had an incredible 24 hours, surging to its highest price since May despite plunging dramatically last month after triple crises.
Crypto surges after two words from Musk
A single tweet from Elon Musk containing just two words which had absolutely nothing to do with cryptocurrency led to a huge spike.
World watching as China giant stops trading
Chinese giant Evergrande has suspended trading for an announcement on a “major transaction” that could send shockwaves through the world.
Bitcoin’s surprise $2 trillion surge
Bitcoin has rallied and is pushing back to near the all-important $50,000 mark. But experts are scratching their heads as to why.
Billionaire, 65, leaves wife, dating 33yo
A man famous for making $20 billion betting against the housing market before the 2008 crash has a new girlfriend after leaving his wife.
Iron ore storms back after surprise deal
The price of iron ore has surged back as fears about Chinese property giant Evergrande eased following a surprise deal.
China panic: $344 billion crypto plunge
A panicked mass sell-off overnight has sparked one of the biggest price drops in cryptocurrency history. And China is to blame.
ASX plunges as iron ore price collapses
Australian investors endured a brutal day after the stock market fell to a fresh eight-month low and the price of iron ore plunged.
Chinese property giant on its knees
Debt-stricken Chinese developer Evergrande has reached crisis point in more bad news for Australian investors and the iron ore price.
Australia’s new hope against China
China’s tough crackdown has brought Australia’s $149 billion iron ore industry to its knees – but hope has come in a new form.
‘Horrible’: Bitcoin price crashes
The price of bitcoin has crashed as the crypto became official legal tender in El Salvador, dipping below the critical $50,000 mark.
‘New reality’ Aussies must face with China
Treasurer Josh Frydenberg has warned Australians it is too late to hope the threat of China will fade away.
China’s ‘aggressive’ move to Australia
China said it wanted to cause “pain” to Australia and now it has acted on that promise in another major blow to an industry contributing $136 billion to our economy.
Move to ban Chinese slave labour
A proposed law to ban the import of goods made with forced labour threatens to put more pressure on Australia’s relationship with China.
Crypto passes massive $2 trillion mark
Cryptocurrency passed a major milestone in market capitalisation – but it remains to be seen whether it will stay that way.
Australia feels China squeeze
The already very low prices have taken another turn after China amped up the aggression towards Australia.
‘Coin burn’ sparks crypto price surge
A cryptocurrency that was created as a spin-off from a joke about a dog meme is surging in price on the digital coin exchange.
Ethereum value surges above $3700
Experts think ethereum, the second-largest blockchain network, could be on the way to overtaking bitcoin after a major change.
Bitcoin investors spooked by new rules
The price of bitcoin tumbled almost 5 per cent in the past 24 hours, dropping dangerously low in a shock move after a strong weekend.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/24