AUSTRALIAN STOCKS HAVE RISEN

AUSTRALIAN STOCKS HAVE RISEN

It was another good day for the major banks, following yesterday’s announcement by APRA on minimum capital requirements. Australian shares closed higher for the second day in a row. Today’s scoreboard: ASX 200: 5,761.50 +29.37 (+0.51%) All Ordinaries: 5,805.70 +26.33...
Asia Infrastructure Investment Bank

Asia Infrastructure Investment Bank

Chinese President Xi Jinping launched the new “Asia Infrastructure Investment Bank” (AIIB) in Beijing on the 16th Jan 2016. The AIIB represents a shift in global lending from global banks like the International Monetary Fund (IMF) or the World Bank, as is...