List grows of companies hardest hit by falling Australian dollar | Stephen Cauchi

As one might expect, there aren’t too many mining stocks in the list of 39, as exporters will profit from a weaker currency. Companies that sell a lot of imported stock, such as JB Hi-Fi, Harvey Norman and the Reject Shop, feature prominently. But other companies you might expect on the list, such as Flight Centre and Qantas, aren’t on there. Childcare centre operator G8 Education is the stock most likely to be adversely affected by a drop in the exchange rate, with a Beta figure of 2.68. Kathmandu (2.49), Graincorp (2.30) and...

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How Sydney can become a global fintech hub | James Eyers

A report by KPMG and think tank the Committee for Sydney, which will be launched by NSW Deputy Premier Andrew Stoner on Tuesday, calls for governments to create a comprehensive vision for fintech while promoting Sydney’s capability in the sector throughout Asia-Pacific. A not-for-profit physical hub should be established in the CBD to allow start-ups, venture capitalists, researchers and established financial services firms to collaborate, the report says. It also calls for an independent fintech industry association to be set up, and for...

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