Last week, without any hint or debate, the federal Government dramatically changed the settings and priorities of Australian media policy.
Goldman Sachs JBWere
External forces will decide fate of cuts
Once again we could be facing the prospect that future interest rate cuts will depend on what happens in the US, Chinese and European economies.
Macquarie’s 1.7% tax rate rort
Did Macquarie Bank actually make a profit in the year to March?
RuddNet funding in serious doubt, say analysts
Leading broking and investment firms have cast doubt on the ability of the Federal Government to fund the $43 billion NBN, writes Glenn Dyer.
Channel Seven to buy Fairfax?
Citigroup research released over the weekend lays out the case for a complex bid by the Seven Network to buy Fairfax Media, writes Glenn Dyer.
Local bluebloods nix Rio’s Shanghai swing
A major Australian shareholder in Rio Tinto has broken rank and revealed its “deep concern” over the proposed link up with Chinalco, writes Glenn Dyer.
Why did it take ANZ so long to announce problems?
A note from a Goldman Sachs JBWere analyst summed up the frustration many in the markets have at the moment, writes Glenn Dyer.
Mortgage pain threatens as credit costs surge
The Reserve Bank’s ability to influence the direction of interest rates has been reduced by another sharp rise in money market interest rates for no apparent reason, writes Glenn Dyer.
Lift of 0.25% takes cash rate to its highest since 1996
The RBA board hinted very strongly that more rate rises lay ahead if inflation doesn’t start slowing later this year, writes Glenn Dyer.
Calling for an interest rate rise may not help
A chorus of jerimiahs in the morning newspapers today calling on the Reserve Bank “to do something” about inflation. By that they mean, lift interest rates, writes “Glenn Dyer”.
Goldman Sachs JBWere predicts no local rate rise in 2008
Investment bank Goldman Sachs JBWere has made a big call, predicting there won’t be a rate rise in Australia next year, writes Glenn Dyer.
Rising Aussie dollar and high oil prices
If Peter Costello wants a tsunami, the Aussie dollar and high oil prices could ensure he gets what he wants: a nasty mixture of high oil and commodity prices and a currency carving a hole in the earnings of corporate Australia, writes Glenn Dyer.
Rates to rise? Goldmans, Merrill Lynch think not
Two leading investment banks say they believe we won’t have an election rate rise, even though one, Goldman Sachs JBWere, has lifted its headline September quarter Consumer Price Index estimate to a worrying 1%, writes Glenn Dyer.
The CPI will play a major part in the election campaign
Wednesday’s Consumer Price Index will play a major part, one way or another, in the election campaign, writes Glenn Dyer.
Investment banks predict an interest rate rise
Investment Bank, JP Morgan has made a big call saying in its note to clients today that it thinks the Reserve Bank will raise rates next month, writes Glenn Dyer.
Investment banks warn tax cuts will boost inflation
Two leading Australian investment banks have warned that the Federal Government’s $34 billion in tax cuts over the next five years threaten to boost inflation and interest rates, writes Glenn Dyer.
Costello takes his eye off the ball, and leaves big business guessing
While Peter Costello was busy working on his $34 billion tax cut package last week, he allowed a seemingly innocuous change to capital gains tax for business to threaten tens of billions of dollars in takeovers and mergers, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Dead cat or relief? Our market up 3%
A very noisy dead cat bounce is one way to describe the way the local stockmarket rose today, or a relief rally. More the latter.
