Diversified investors can expect solid returns this financial year, but not as high as in 2017-18, according to a prominent economist.
Criminal cartel charges have been laid against ANZ, Citigroup and Deutsche Bank following an investigation by the Australian Competition & Consumer Commission (ACCC).
Criminal cartel charges are expected to be laid against ANZ, even though the bank said it “acted in accordance with the law”.
Australians lost more money to scammers in 2017 than in any other year on record, with investors being hit the hardest of all.
The All Ordinaries lost only 0.5 per cent ground during February, despite a highly publicised correction early in the month.
Australia’s stock market posted solid gains in 2017, thanks to strong growth over the final quarter.
The coming year is likely to be favourable for investors, but more volatile than 2017, according to AMP Capital chief economist Shane Oliver.
With the popularity of bitcoin and similar blockchain-based virtual currencies currently booming around the world, the Australian government has passed new legislation extending anti-money laundering and counter-terrorism financing regulations to digital currency exchanges.
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