Interest rate cuts - the only thing that really matters
Last week's rate cut has buoyed consumer sentiment. Photo: Bloomberg Talk about a paradox. The Reserve Bank cut interest rates to an unthinkably low 1.75 per cent in response to fears Australia would be infected by the global deflation pandemic. But rather than induce consumer panic, the move has prompted a massive improvement in consumer sentiment.It just goes to show that consumers are far more concerned about their own personal financial positions than th..>> view originalMajor shareholder Allan Gray backs APN-Fairfax merger in New Zealand
Opportunity: Ciaran Davis believes there is a deal to be made with Fairfax. Photo: Simone De Peak APN News & Media's largest shareholder Allan Gray, which also owns shares in Fairfax Media, has backed a merger of the two companies' New Zealand businesses.Simon Mawhinney, chief executive of Allan Gray Australia, which owns 16.2 per cent of APN, said the demerger of NZME from APN will help facilitate a merger between it and Fairfax's New Zealand business."I bel..>> view originalWoolworths rumoured to be takeover target
Woolworths has declined to comment on a media report that it is a takeover target for private equity giant Kohlberg Kravis Roberts. Woolworths and KKR both declined to comment on the report, which follows a credit downgrade and 34 per cent share price decline since February 2015. Private equity groups Blackstone and Carlyle were rumoured to have been looking at a move for Woolworths six months ago, and The Australian newspaper now says KKR has been running the numbers on Woolworths for a few we..>> view originalOliver Curtis stands trial for insider trading with wife Roxy Jacenko at his side
Video will begin in 5 seconds. Oliver Curtis attends court for insider trading Oliver Curtis, the investment banker, arrives at the Supreme Court in Sydney for the first day of his criminal trial for insider trading. PT1M7S 620 349 Flanked by his PR queen wife Roxy Jacenko, Sydney investment banker Oliver Curtis cut a tense figure as he appeared in court for the first day of his criminal trial for insider trading.Mr Curtis, 30, is charged with conspiring with his childhood fri..>> view originalHome loan demand falls overall, but investors return to property market
Home loan demand falls overall, but investors return to property market Updated May 11, 2016 15:48:09 Demand for home loans fell in March, although the value of investor loans rose, suggesting investors have headed back to the market despite a crackdown by banks and regulators.The data from the Bureau of Statistics showed the number of loans taken out by owner-occupiers dropped by 0.9 per cent over the month to 56,316, seasonally adjusted, although they are up by 3.8 pe..>> view originalJames Hardie markets itself to Australia after a decade in the dark
Building group James Hardie, which left NSW taxpayers to pick up the bill last year for funding shortfalls to its asbestos victims, has found enough cash to start marketing and advertising its products in Australia after "going dark" for a decade amid the scandal.Its Asia Pacific marketing head, George O'Neil, told Mumbrella that he is guiding the 127-year-old company back to public prominence via social media."We are not sitting there with hundreds of millions of dollars of media budget; we ar..>> view originalGrainCorp hit by China's tightening grip on infant formula market
GrainCorp CEO Mark Palmquist says the market has been "subdued". Photo: Arsineh Houspian China's tightening of infant formula regulations has hit Australia's biggest agribusiness GrainCorp.The company's net profit plunged 32.5 per cent in the six months to March 31 amid a "subdued market" and dry weather. Chief executive Mark Palmquist also cited a delay in infant formula sales, which stemmed from regulatory changes in China."One of the growing, high margin b..>> view originalEnergy department regrets promoting northern NSW as having good CSG potential
Energy department regrets promoting northern NSW as having good CSG potential Updated May 11, 2016 15:34:34 New South Wales energy department said it regrets distributing leaflets overseas promoting the north of the state as having "very good potential" for Coal Seam Gas (CSG) mining. The NSW Government brochures also suggested uranium mining was an option and were distributed at an international conference in March in Toronto.Hosted by the Prospectors and Developers As..>> view original7-Eleven kills independent wage panel
Video will begin in 5 seconds. 'The model will only work if they underpay employees' Alleged 7-Eleven underpayment undermines guest worker regulations, says former ACCC chairman Allan Fels. PT1M5S 620 349 Billionaire Russ Withers' scandal-ridden 7-Eleven chain has dumped its independent compensation panel after it refused to accept terms that would "emasculate" the independence of the panel and also threaten workers.A furious Allan Fels, who headed the panel and is a former c..>> view originalSkyCity launches capital raising for casino upgrades
SkyCity drawings of its planned new International Convention Centre and hotel in Auckland. New Zealand casino operator SkyCity Entertainment has launched a $263 million capital raising to pay down debt and help fund the expansion of its Adelaide casino after canning the sale of an Auckland hotel due to offers being too low.The move by SkyCity, foreshadowed by Fairfax Media in April, comes at a delicate time for the company after the resignation of its long-se..>> view original
Wednesday, May 11, 2016
Interest rate cuts - the only thing that really matters and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment