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20 Aug 2016 (AFR) – Housing profits defy apartment worries

(20 August 2016, AFR, p21, by: Robert Harley, Su-Lin Tan) ‘The major residential developers, Mirvac, Stockland and Lendlease, have defied concerns about housing to deliver record profits from the sector in 2016.’ Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

3 Mar 2016 (AFR) – Europe on cusp of new humanitarian crisis at Greece-Macedonia border

(3 March 2016, AFR, p16, by Stephanie Nebehay and Gabriela Baczynska) ‘The build-up of thousands of migrants and refugees on Greece’s northern borders is fast turning into a humanitarian disaster, the United Nations said on Tuesday as the European Union prepared to offer more financial aid. German Chancellor Angela Merkel said clashes at Greece’s border … Continue reading

17 Feb 2016 (AFR) – Fuel fall hits ex-Soviet producers – Russia gets a cold; ex-Soviet neighbours catch pneumonia

(17 February 2016, AFR, p12, by Olzhas Auyezov and Andrei Makhovsky) ‘…The collapse in world oil prices to 12-year lows has crippled the economy of Russia, which shrank last year by nearly 4 per cent, while its rouble currency has lost almost 60 per cent of its value against the dollar since mid-2014. The small … Continue reading

19 Sept 2015 (AFR) – US rates on hold on global turmoil

(19 September 2015, AFR, p12, by John Kehoe ) ‘Gyrating international financial markets and weakening economic activity in emerging market economies led by a cooling China deterred the US Federal Reserve from pulling the trigger on an historic interest rate rise. Fed chair Janet Yellen left short term rates languishing near zero despite a “robust” … Continue reading

26 Aug 2015 (AFR) – The big collapse in eight graphs – Mining and energy companies embrace the stackhat as commodities dive

[COMMENT: This news article includes eight commodity price charts related to the story.] (26 August 2015, AFR, p19, by Peter Ker ) ‘Miners don’t wear helmets just for safety while underground, they wear them for times like this. As if being the worst-performed sector of the year was not bad enough, mining and energy companies were … Continue reading

20 Mar 2015 (AFR) – Japan companies raise wages under pressure from Prime Minister

(20 March 2015, AFR, p31, by Jonathan Soble) ‘Japanese Prime Minister Shinzo Abe’s aggressive pressure on the corporate sector has produced the most substantial results so far, as some of Japan’s most prominent companies announced their biggest pay increases in years. They include Toyota and other giants from the car-making industry, as well as electronics … Continue reading

15 Jan 2015 (TheAge, SMH) – Shockwaves from copper fall – Copper joins commodity price plunge, World Bank tips lower global growth

(15 Jan 2015, The Age, BusinessDay, p20, Vesna Poljak, Greg Earl and Peter Ker, Sydney Morning Herald) ‘The price of copper plunged to a more than five-year low on Wednesday as the metal joins iron ore and oil as victims of the commodity price crash, drawn out by a fresh blow to global growth. The … Continue reading

12 Aug 2014 (TheAge, SMH) – Table tumble hurts JB Hi-Fi – lifts net profit by 10 per cent

(12 August 2014, The Age, BusinessDay, p21, Sue Mitchell) ‘JB Hi-Fi chief executive Richard Murray is hoping that sales of large-screen TVs, phablets and gaming consoles will offset a slump in tablets that threatens to cramp the retailer’s growth targets and make it harder to recoup higher costs in 2015. Mr Murray has blamed lacklustre … Continue reading

8 Aug 2014 (AFR) – Bank of America to pay record $17b fine for mortgage sins

(8 August 2014, AFR, p29, Danielle Douglas) ‘Bank of America, the second-largest bank in the United States, is close to reaching an agreement with the US Department of Justice to pay a whopping $US16 billion ($17.2 billion) to resolve allegations that it knowingly sold faulty mortgage securities that contributed to the financial crisis.’ Read more at … Continue reading

26 May 2014 (AFR) – BHP, Rio warn of more coal job losses

(26 May 2014, AFR, p1, Amanda Saunders) ‘Mining giants BHP Billiton and Rio Tinto have warned the combination of high costs, high taxes and the strong Australian dollar has put a “vice-like grip” on the $60 billion coal industry that will force further mine closures and job losses this year. About 12,000 jobs have been … Continue reading

31 Oct 2013 (AFR) – ASIC hit by deluge of criticism – ‘Glass jaw’: corporate Australia’s stinging rebuke to ASIC

[COMMENT: The all-powerful watchdog…. has some flaws?] (31 Oct 2013, AFR, p3, Patrick Durkin) ‘The corporate regulator has isolated itself from business, developed a “glass jaw” to criticism and unfairly shifts blame to others, leading directors, senior executives and industry bodies say. More than 200 groups and individuals have deluged a Senate inquiry with concerns, … Continue reading

9 Oct 2013 (TheAge) – Confidence return sparks buying mood

(9 Oct 2013, The Age, BusinessDay, p27, Simon Johanson) ‘Private money is gearing up to buy property as low interest rates stimulate investors and business confidence improves, banking and property experts say.’ ‘Business confidence rose in September to its highest level since March 2010 following the federal election, the latest NAB monthly business survey shows. … Continue reading

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