Month: June 2022

UNSW FINSOC x MathSoc x WIC Presents: Frozen In Time Ball

Drift through the 💨wind to the ❄️𝐹𝓇𝑜𝓏𝑒𝓃 𝐼𝓃 𝒯𝒾𝓂𝑒❄️ Ball! Replace your memories of endless lectures😵‍💫 and work shifts😵‍ with a magical night💫filled with drinks, food and friends to live out your 👸🏻main character🤴🏻 dreams. Don’t miss out on this chance to bring out your most extravagant outfits💃🏻 and show off the latest dance moves🕺you’ve been practicing all night long in your room.

FINSOC Weekly Wraps Vol.08

 The ASX has seen a significant loss even after the rise in US interest rates. A total loss of 5.6% has been calculated for stock markets all around the world.
 The S&P/ASX200 closed sharply lower Friday, dropping 116.30 points or 1.76% to 6,474.80 and setting a new 100-day low.
 Since early November both BTC and ETH are down more than 70%, proving that it extends the losses of the macro environment rather than acting as a hedge against inflation
 ResMed is set to conduct its largest tech deal, as it purchased Germany’s MediFox Dan for $US1b.

FINSOC Weekly Wraps Vol.07

 Following Tuesday’s cash rate hike, the collective value of the Big 4: Commonwealth Bank, Westpac, NAB and ANZ, fell by almost 9% in 3 days (till 10 June).
 The ASX dropped 4.2% this week, ending Friday with a new 50-day low.
 The Treasury is currently considering plans to regulate crypto asset service providers, with proposals to designate cryptocurrency assets as financial products
 Global investment business Blackstone is set to acquire entertainment group Crown Resorts for $8.9 Billion after receiving the green light from gaming regulators in NSW, Victoria and WA.
 Property group Mirvac is aiming to wrest control of AMP Capital’s $7 Billion office fund, AWOF, from real estate investment trust Dexus, calling for an investor vote to remove Dexus as the incoming manager

FINSOC Weekly Wraps Vol.06

 The newly elected Labor government face numerous economic challenges amidst the increasing inflation rates, which range from property to stable fuel prices and decisions on whether to extend the fuel excise. 
 As a result of the inflation rate spike, workers have experienced an average loss of $800 in 2021, increasing to $2000 in the first half of 2022.
 Israel has signed an FTA with the UAE, establishing the first major trade accord with any Arab state, predicated to boost bilateral trade to more than $10 billion a year within five years.
 The momentum in the cryptocurrency market has been stagnant in the face of a market slump caused by the crash of Terra’s UST stablecoin and LUNA token.
 The ASX closed at 7238.8 this week, with a weekly gain of 0.8% led by gains in material and tech stocks. 
 NAB plans to bring in $2.75 billion via a bond deal, part of an earlier hybrid funding program.