Mercedes

Nov 2018


Investing

Spectre of China hovers in government veto of $13 billion APA takeover

08 November 2018 | David Fickling

The reasoning given by Treasurer Josh Frydenberg for blocking a CK Asset Holdings-led consortium from taking over Aussie pipeline operator APA Group doesn't make a lot of sense.


Ghost cities: 50 million homes in China are empty

12 November 2018 | Paul Panckhurst & Emma Dong

Chinese President Xi Jinping's mantra that homes should be for living in is falling on deaf ears, with tens of millions of apartments and houses standing empty across the country.

 


Industry super fund Cbus claims $1b lift from banking royal commission

12 November 2018 | Ruth Williams

Cbus chairman Steve Bracks says the industry super fund has had $1 billion in extra inflows since the banking royal commission, suggesting it is at the expense of retail funds.


News

Democrats prepare to launch investigations into Donald Trump

08 November 2018 | The Economist

BEFORE the mid-term election of November 6th, Elijah Cummings, a congressman from Baltimore, Maryland, swore that if Democrats flipped the House of Representatives, his party would do what Republicans have refused to, and “conduct independent, fact-based, and credible investigations of the Trump administration.” 


Why Democrats’ Gain Was More Impressive Than It Appears

08 November 2018 | The New York Times

It wasn’t necessarily the night of either party’s dreams. The Democrats are poised to gain around 35 seats after Tuesday’s elections. Republicans seem likely to gain a few seats in the Senate, and they triumphed in some high-profile governor’s races.


ACCC says it won't oppose Nine Fairfax takeover

08 November 2018 | The Guardian

The competition watchdog has confirmed it will not oppose a planned merger between Nine and Fairfax Media, paving the way for two of Australia’s largest media companies to combine by the end of the year.

The Australian Competition and Consumer Commission said on Thursday it would not block Nine’s takeover despite acknowledging that it would reduce competition.

The ACCC chair, Rod Sims, said the merger would “likely reduce competition” but added that it was not “likely to substantially lessen competition in any market in breach of the Competition and Consumer Act”.


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