The ASX will “die in a ditch” to retain regulatory powers but the Opes Prime fiasco will almost certainly put paid to its ambitions, writes Stephen Mayne.
ASX
Tips and rumours
Apparently, the Department of the Prime Minister and Cabinet have asked for volunteers within its Department to take notes at the 2020 summit. That’s volunteers … i.e. unpaid work over a weekend. They are selling it as a great development/career opportunity. Fabulous! Those hoping for a night of the long knives scenario in the senior ranks […]
More questions than answers on Bendigo Bank’s rising share price
The ASX asks Bendigo Bank if it knows why its share price rose strongly this week and the bank days “no”. On the face of it that was a perfectly reasonable question and answer writes Glenn Dyer.
Nifty Neville blows Wind Hydrogen
After less than two months on the ASX, what a curious little company Wind Hydrogen Ltd is proving to be, full of sound and green promises, but looking more speculative by the day, and none too rewarding thus far for the investors talked into punting $12 million on the IPO, writes Michael Pascoe.
Run Corp panto heads to court
The Run Corp pantomime has just started another act, with the property management company obtaining a Federal Court injunction against well-known Sydney agent, John McGrath, for allegedly breaching a “non-compete” agreement.
Costello calms the markets with the big lie
ABC radio’s chief political correspondent Chris Uhlmann was only half joking yesterday when he claimed the remarkable 200 point afternoon stockmarket rally coincided with reassuring statements from Treasurer Peter Costello during Question Time.
Our U-deal with India: what cost the NPT?
Shuold we or shouldn’t we, and what does it mean for the nuclear non-proliferation treaty? Those are just some of the questions surrounding the federal government’s decision to sell uranium to India.
RAMS hammered, the market plunges
Troubled home lender, RAMS Home Loans Group has failed to finance more than $6 billion dollars in short term debt two days after it warned that the subprime mortgage mess and credit market strains would have a “material” impact on the company’s earnings.
Foxtel: now more profitable than the Nine Network
Here’s something to terrify the beancounters at PBL Media. Foxtel is now more profitable than the struggling Nine Network stations of PBL Media.
Rio Tinto gets hot for aluminium. What’s next?
Now that CEO Tom Albanese has flashed Rio Tinto’s cash with a record-breaking $44 billion bid for Canadian aluminium producer, Alcan, it’s a no-brainer to forecast that BHP Billiton’s new CEO, Marius Kloppers, will be forced to follow with an even bigger bid for Alcoa.
Media briefs and TV ratings
New director for Fairfax Media … Diana, Origin and Sea Patrol should give Nine a rare ratings win … Dancing Daryl going back to the future? … Last night’s TV ratings.
