Opinion

  • CBH confirms Nyrstar bid

    The zinc miner has received a revised proposal offering 19.5¢ cash a share or the equivalent in Nyrstar scrip.

  • ACCC delays Axa decision

    The competition regulator now expects to make a ruling on April 1 rather than March 17.

  • CBH receives another Nyrstar offer

    The zinc miner, which struck an agreed deal with Toho Zinc rather than accepted a bid from Nyrstar, is in a trading halt.

  • Warehouse earnings meet expectations

    Citigroup said the New Zealand retailer's first-half underlying profit of $NZ57 million met its forecasts.

  • Reliance downgrade hits Downer

    Credit Suisse has cut its Downer EDI earnings forecast and valuation after Reliance Rail's credit rating was lowered.

  • Don't cut stimulus too soon

    The government's failures in its management of the home insulation scene should not undermine the macro-economic case for extreme caution in winding back fiscal stimulus.

  • Is charging the answer?

    Rupert Murdoch, owner of the Wall Street Journal, The Times and the New York Post, has threaten...

  • BP deal highlights Karoon assets

    BP is buying $US7 billion of acreage in Brazil's Santos Basin, where Karoon Gas is looking for a partner.

  • Rudd and Abbott choose their villains

    State premiers and big business have a lot in common these days - neither is much liked at the moment. Both Kevin Rudd and Tony Abbott have seized the opportunity to hit on these soft targets.

  • Campaign of mutually assured idiocy

    The last week has left the clear impression thatwe face a choice between two complete no-brainers. Kevin Rudd and Tony Abbott have set off on a campaign of mutually assured destruction by smarty pants triangulation.

  • Boards need new wave of reform

    Major corporate reform tends to run in 10-year cycles and since 1960, each new decade has heralded a new regime. So, as we move into 2010 and the next decade, it is timely to ask ourselves, what should be the next wave of reform?

  • Affinity closer to Loscam sale

    Plenty of headway is being made in the $800 million or so exit process for Affinity Equity Partners's Loscam pallet business.

  • Hoyts floating in the Twilight zone

    The Twilight vampire series is likely to be a big help for Pacific Equity Partners as it decides how to exit cinema company Hoyts.

  • UGL holding the ace of spades

    There has been speculation swirling that Incitec Pivot is so keen to complete its delayed $935 million Moranbah ammonium nitrate plant early that it has offered contractors led by UGL a $55 million bonus for delivering the project ahead of schedule.

  • Few bidders for Japara as Bupa bows out

    The sales process for the privately-held Japara Holdings aged-care business is still ticking along, but market watchers have been left scratching their heads about possible buyers.

  • Sigma's long silence has investors worried

    It has been a fortnight since

  • Telstra's back above $3 a share

    Morgan Stanley reckons that the stock has become too cheap to ignore.

  • Myer result slightly above expectations

    Citigroup said share trading could remain volatile as weak sales trends persist over the next few months.

  • Cape Lambert to sell Lady Annie to Chinese

    Cape Lambert has abandoned a float and is set to announce the sale of the project to a Chinese group.

  • Goodman Fielder under pressure

    With an ACCC decision on a division sale looming, the food group is trading at a large discount despite strong earnings.

  • Nufarm trading to be volatile

    Credit Suisse lowers its target price to $8.05 from $9.25 ahead of a $250 million discounted equity raising.

  • Santos in gas sales talks with two buyers

    Santos also told Citigroup's conference in London it could sell more than 9 per cent of its project to a LNG customer.

  • UBS upgrades CSR to 'buy'

    The broker raises its recommendation following a 9 per cent fall in the share price after it lost a court case.

  • China metals demand to remain strong

    The fine-tuning of a stimulus package and reduction in bank lending won't pull the rug from under China's recovery.

  • Greener pastures beckon for RM Williams

    There is plenty of talk at the moment about why Australia's iconic bootmaker R M Williams is getting, well, too big for its boots. It's veering away from the traditional retail business, so it's hardly surprising the rumour mill is suggesting

  • Netspace may be ensnared by iiNet

    It's a case of kill or be killed in the cut-throat arena of internet service providers.

  • Idea of a large-scale deal scrapped

    Scrap metal recycler Sims Metal Management has plenty of cash burning a hole in its pocket after a $475 million raising in November to help fund acquisitions in the US.

  • Rival bidder's shot at Arrow may yet find its mark

    As

  • Europeans join race

    While Lend Lease has been seen as the biggest obstacle to Bilfinger Berger Australia's (BBA) float ambitions, the Europeans are starting to muscle in.

  • China's infrastructure build-out and productive bubbles

    There are two kinds of bubbles - one that takes place in productive assets (canals, railways, telephone lines), and one that takes place in non-productive assets (tulips, gold, McMansions). When a "bad bubble" bursts, there is nothing to show for it; when a productive bubble bursts, we still have the infrastructure that can be exploited. If China has overreached, this kind of overreaching can still pay returns in overall competitiveness - with fewer supply bottlenecks, better domestic transportation networks, more options and greater opportunities for the rural sector. China's ambitious investments are creating more productive capital, even in cases of overlap. The China Eastern executive who was complaining that new railway lines will hurt the aviation industry [was not asking] for Beijing to call a halt to those projects? He was using the rail competition as an excuse to lobby for other reforms. Eighty per cent of air space in China is controlled by the army. Anyone flying out of China will know this, because flights are frequently delayed because the PLA has shut down air space for "security reasons". Giving more control of air space to commercial airlines would greatly improve aviation efficiency in China . . . and, ironically, this could come about because of the pressure of competition from the railway investments.

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