Billionaire global infrastructure company Lendlease has partnered with Aware Super to secure a 3.5-acre transit-oriented location in Los Angeles for $ 92 million.The two organizations each have a 50 percent stake in the property , which they say could be worth $ 600 million

The 500000 square meter, medium-sized project will offer world-class architecture in close proximity to the rapidly growing Culver City submarket

This project marks the first development of Lendlease and the partnership in LA The ASX-listed company said it was further proof of its ability to identify attractive, market-advantageous development opportunities that are ripe for transformation and value conversion

The ASX 200 showed little sign of New Year’s hangover on Monday (67) 1 point, or 1 percent, with a session high of 66551 by noon

The miners, banks, CSL, Wesfarmers and Woolworths were all strong, while Afterpay, Goodman and Telstra were also higher. Only the energy sector was in the red

Gold mining companies surged as the precious metal rose 19 percent to $ 1916, while Bitcoin was 32 ounceWorth $ 900

The pandemic has placed immeasurable difficulties on many Americans Ten million families are now reporting that they do not have enough to eat and that millions more are unemployed because of layoffs and bans

America’s richest had a very different year: Billionaires as a class have added about $ 1 trillion to their total wealth since the pandemic began, and about a fifth of that went into the pockets of just two men: Jeff Bezos, executive director of Amazon (and owner of the Washington Post), and Elon Musk of Tesla and SpaceX

Billionaires as a class have added about $ 1 trillion to their total net worth since the pandemic began, and a large chunk of that went into the pockets of Jeff Bezos, managing director of Amazon (and owner of the Washington Post)Photo credit: Getty

According to Bloomberg estimates, Musk has quintupled his net worth since January by adding $ 132 billion ($ 171 billion) to his net worth, making it the No. 1 made 2 place among the richest in the world with net worth around $ 159 billion ($ 206 billion) Bezos’ fortune has grown by roughly $ 70 billion ($ 90 billion) over the same period, which equates to an estimate of net worth of around $ 186 billion ($ 241 billion) at year-end

Both men’s fortunes are largely owed to the stock gains of the companies they run, Tesla in Musk’s case and Amazon in Bezos.Tesla’s shares rose roughly 800 percent this year after a five-for-one stock split in August, the Meteoric rise is being driven by a number of factors: its massive Shanghai plant has produced vehicles this year, the company posted steady quarterly profits, and demand for electric vehicles in general is expected to rise in 2021

Chinese oil companies could be next up for delisting in the US after the New York Stock Exchange announced last week it would remove the Asian nation’s three largest telecommunications companies

A cyclist arrives at the Shengli oil field of Sinopec in China’s Shandong Province at sunset on Jan. June 2003 Past Oil Wells Asian oil refineries and traders may have up to 500 in a month000 tons of gas oil or diesel shipped to South America and the USA pwhere increasing demand for fuel is helping to deplete excess supplies from Asia Photographer: Kevin Lee / Bloomberg News Man on Bike / BicycleCredit: Kevin Lee

According to Henik Fung, an analyst with Bloomberg Intelligence, China’s largest offshore oil producer CNOOC (China National Offshore Oil Corporation) could be most at risk as it is on the Pentagon’s list of companies he says is the owned or controlled by the Chinese military, PetroChina and China Petroleum and Chemical Corporation, also known as Sinopec, could also be threatened as the energy sector is vital to China’s military, he said

“More Chinese companies could be delisted in the US and oil companies could be the next wave,” said Steven Leung, executive director at UOB Kay Hian in Hong Kong. At the same time, the impact of the telecommunications companies’ removal is likely to be minimal as they move in The United States was barely traded and didn’t raise a lot of money there, he said

The NYSE announced that it would ban telecom operators from complying with a U.S. executive order restricting companies classified as affiliated with the Chinese military on China Mobile, China Telecom, and China Unicom Hong Kong between Jan. and 11 Barred from trading on January 1st and delisting procedures have been initiated, the stock exchange said

The Chinese Ministry of Commerce replied on Saturday that the country would take the necessary measures to protect the rights of Chinese companies, hoping the two countries could work together to create a fair and predictable environment for businesses and investors

The Chinese Securities Commission said Sunday that the impact on telecommunications companies would be limited given their small number of stocks traded in the US and that they would be well positioned to deal with any consequences of the delisting

“The recent move by some US political forces to continuously and unfoundedly suppress foreign companies listed in US markets, even at the expense of undermining their own position in global capital markets, has shown that US -Rules and institutions this can become arbitrary, reckless and unpredictable, “the CSRC said in a statement on its website

NSW did not register any new locally acquired coronavirus cases in the 24 hours to 8 p.m. last night, however, two more cases related to the Berala cluster were detected overnight

We turned 22 last night275 tests reported by 8 p.m., compared to a total of 18923 the day before

Fragments of the virus that causes COVID-19 have been discovered in wastewater from sewage treatment plants in Liverpool and Glenfield in south-west Sydney, raising concerns that some people are infected and mistakenly assume that they just have a cold

It is because BWS and Woolworths customers at the Berala Shopping Center are being encouraged to report for a test, even if they have been at the venues for a short time

Fortescue Metals jumped 27 percent to $ 2406 to generate profits for the iron ore giants listed on the ASX, even as China signals its intention to become more self-sufficient in the manufacture of the bulk material

On Thursday, China’s industry minister said the nation intends to build one or two major global iron ore mines overseas by 2025 to improve supplies of steelmaking ingredients and strengthen its pricing power

China is the world’s largest steel producer and is currently dependent on imports for around 80 percent of its iron ore

“China will accelerate construction of large iron ore projects in West Africa and Western Australia,” the MIIT said last week

BHP’s ASX-listed stock was 03 percent higher at $ 4252 and Rio Tinto climbed 05 percent to $ 11433 Mineral Resources jumped 23 percent to $ 3832

Iron ore – Australia’s largest export – was back over USD 160 per ton at the end of 2020

The Australian stock market showed no signs of a New Years hangover with a 09 percent jump to 66429 after 40 minutes on Monday

The Australian stock market started the year on the front line, although futures markets got off to a subdued start amid ongoing fears over the coronavirus outbreak in NSW and Victoria

The local benchmark jumped 08 percent to 64435 in early trading with all sectors on the rise

The banks were strong and the big miners were buoyant too, even as China pondered steps to make iron ore more self-sufficient gold miners were rising

Link Admin Holdings dragged the market down 117 percent to $ 490 after US candidate SS&C Technology Holdings submitted a $ 3 billion takeover bid USD had withdrawn

US markets ended 2020 at record highs, while the price of Bitcoin also hit a high of almost 34Reached $ 000

According to Link Administration Holdings, a $ 3 billion takeover bid was pulled off the table by candidate SS&C Technology Holdings, dropping the company 10 percent to $ 5 in early ASX trading on Monday

Link’s shares rose more than 13 percent in a single day in December after the Nasdaq-listed company made an offer to buy 100 percent of the company’s shares for $ 565 per share

The offer from the US financial services company was higher than the offer from a consortium of private equity firms Pacific Equity Partners (PEP) and The Carlyle Group â ???? which was rejected by Link six weeks earlier

“The Link Group Board will continue to consider all alternatives in order to maximize value for shareholders,” the company said on Monday

“As previously announced, this includes a possible separation by splitting the Link Group’s stake in Torrens Group Holdings (TGH) (and its core assets PEXA)”

The Link Group will also consider a commercial sale of its stake in TGH from January 2021

Digital currency Bitcoin extended its record rally over the weekend and the year with an increase of over 34$ 000 (44180 US dollars) More and more traders and investors are betting that it is on the way to becoming a popular payment method

More and more investors are looking at Bitcoin as an alternative store of value, like a digital version of goldCredit: Bloomberg

The price of the world’s most popular cryptocurrency was 34$ 800 with almost all other markets closed on the first weekend in 2021

Bitcoin grew by more than 300 percent in 2020 and has since exceeded 20$ 000 up more than 50 percent two weeks ago

The blockchain currency has only been around for about a decade, and in 2020 demand from larger U.S. investors spiked, attracted by the perceived traits of inflation hedge and the potential for quick profits and expectations that flow from it would result in a common payment method

Investors said limited supply of bitcoin? Produced by so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles has helped power move up in the past few days

“It is very likely that the asset will eventually be 100Exceeds $ 000 per coin, “wrote Sergey Nazarov, co-founder of Chainlink, a global blockchain project, in an email on Saturday

“People have been steadily losing confidence in their government currencies for years, and monetary policy stemming from the economic impact of the coronavirus has only accelerated that decline”

It is traded on numerous exchanges, the largest of which is Coinbase, which is preparing to go public and become the first such platform to be listed on Wall Street

Several competitors’ cryptocurrencies use a similar blockchain or electronic ledger technology, Ethereum, the second largest, up 465 percent in 2020 and rising nearly 5 percent to $ 768 on Sunday96

ASX 200

World news – AU – ASX starts 2021 with 11% jump; Bitcoin exceeds 34$ 000

Source: https://www.smh.com.au/business/markets/asx-to-slump-in-first-session-of-2021-bitcoin-tops-us34-000-20210104-p56rj0.html