Finance

Australian Securities Exchange launch its own ‘Nasdaq’

The All Tech Index operates under an S&PDJI methodology and at launch will have 46 constituents with a combined market capitalisation of over A$100 billion. In total, there are more than 200 listed technology companies on the Australian Securities Exchange valued at almost A$115 billion.

Japan economy suffers biggest drop since 2014

Consumer spending dropped 11.1% after the national sales tax was raised from 8% to 10% in October. In the same month, Typhoon Hagibis, the strongest typhoon in decades to strike mainland Japan, caused more than US$5 billion of damage to a large part of Japan.

Renault names new CEO after Carlos Ghosn reign

Luca De Meo has to grapple with an industry downturn in demand, and Renault has said it expected a slight decline in the car market in Europe, Russia and China this year. He also has to try to revitalise the Nissan partnership.

Mackenzie Bezos sells US$400 million of Amazon shares

The drop in Mackenzie Bezos’ stake was reported in the Friday SEC filing, under her ex-husband and Amazon CEO Jeff Bezos’ name. Jeff Bezos retains sole voting control of MacKenzie Bezos’ stake, which now stands at 19.5 million shares, or about 200,000 fewer shares than the 19.7 million she received as part of their divorce.