Churches aren’t just selfless, religious organisations. If the Mormon church was a company, it would make the Fortune 500 list, while the Catholic Church owns more real estate globally than anyone else.
Investors
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Warren Buffett’s $40 billion investment empire
Following Warren Buffett’s $34 billion buy-out of America’s second-biggest railway, this great infographic charts the history and breadth of the investor extraordinaire’s business empire and investments.
I’ll just have three bars of gold bullion, thanks
Now you can grab some gold bullions while picking up your groceries, with London department store Harrods stocking them. Bars of gold seem a safer bet than stocks and shares for worried private investors.
The market is up! Ergh. Who cares?
The market is rebounding, but can be up and down and all over. Should investors be concerned with day to day market events? Well, not really. Unless you’re a day trader, you’re investing long term.
The long, slow death of private equity
The advent of Annex Funds are an admission that the private equity model is broken beyond repair and it’s desperate times for the likes of KKR, Apollo and Cerberus.
US investors keep the blinkers on
For the third time in 10 days American markets and investors have received a reminder of the fragile state of the current recovery and market boom, writes Glenn Dyer.
It’s the season for turkeys in the US stockmarket
Thanksgiving may have been a week ago but the turkeys were out in force in US stockmarkets over the past week. Just look at the way they have been plucked with three big rises in the market and one correction, writes Glenn Dyer.
Doom and gloom wrap: Wall Street whacked again
Wall Street was whacked overnight, and for the second week in a row, enthusiastic Aussie punters paid a heavy price for plunging into a Monday market boosted by US gains the preceding Friday, writes Glenn Dyer.
Credit crunch hits Perpetual as Gunns pressure grows
At yesterday’s AGM, Perpetual Trustees revealed it hasn’t escaped the credit crunch unscathed, even as protestors turned up the heat over the group’s Gunns shareholding. Glenn Dyer and Stephen Mayne report.
Oil hits new highs on struggling greenback
A falling US dollar has driven oil above $US90 a barrel in after hours trading in Asia this morning, the first time it has reached that level, reports Glenn Dyer.
Strong Aussie dollar worries Colonial
One of Australia’s biggest fund managers, Colonial, is worried about the rising impact of the strong Aussie dollar on its holdings of listed Australian shares, writes Glenn Dyer.
Central banks in the dark on credit crunch
It’s not often you get a central banker who calls for clarity of information in markets. After all, they are supposed to know everything, aren’t they?
Rates up, dollar down as the US wobbles
Short term interest rates up, dollar down … US Fed Reserve dumps $7 billion into US banking system … Wall Street falls …
Macquarie Fortress breached
Macquarie Bank shares today suffered their biggest ever fall after embarrassing revelations about investor losses in a fund that has been hit by the contagion engulfing the US structured credit market.
More Oz hedge funds rocked by sub-prime mess in the US
Another hedge fund closes its doors in Sydney to investors, albeit temporarily, as it struggles to right the ship after being rocked by the growing credit crunch and the subprime mortgage mess in the US, writes Glenn Dyer.
