Malcolm Maiden

Malcolm Maiden

Malcolm Maiden analyses and comments on business, the markets and the economy.

LIBOR scandal will dog the banking sector for years

Malcolm Maiden A global probe into the manipulation of London interbank borrowing rates by big northern hemisphere banks hit a new high, or low, on Friday as Deutsche Bank agreed to pay a record $US2.

Australia gets the inflation gold medal: not too hot, not too cold

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Malcolm Maiden The soft inflation result does't mean that the Reserve Bank definitely will cut rates when it meets next on May 5.

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Reserve Bank edges its way to the next rate cut

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Malcolm Maiden The Reserve Bank's discomfort as it considers how far it can lower interest rates is not as acute as the one other central banks have felt in the wake of the GFC.

Rio's Sam Walsh lays it on the line: the weak are on their own

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Malcolm Maiden Rio Tinto chief executive Sam Walsh told small iron ore mining companies the supply-side pressure that has contributed to a slide in iron ore prices from around $US135 a tonne at the beginning of...

East West needs to be Victoria's last project debacle

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Malcolm Maiden Credit and blame are fairly evenly shared in the East West Link tollway contract dispute that Victorian Premier Daniel Andrews announced on Wednesday had been provisionally settled after months of...

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East West: In the end, a fair deal on both sides

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Malcolm Maiden The aim of commercial negotiations is to find a deal that both sides can live with, and the heads of agreement that promises to settle the dispute over the Andrews government’s decision to...

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Long CEO stays deliver calm CEO handovers

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Malcolm Maiden GPT chief executive Michael Cameron reinforced what you might call the rule of longevity on the weekend when he told his chairman, Rob Ferguson, that he was about to be confirmed as the next chief...

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Infrastructure funding puzzle solved: Australia can borrow what it needs

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Malcolm Maiden This is a moment to take advantage of cheap money, and perhaps even consider the possibility that Australia could get by for a while without its triple A borrowing status.

The biggest corporations are moving targets for the taxman

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Malcolm Maiden The government’s tax discussion paper looks at lowering corporate tax. The Senate’s inquiry into corporate tax avoidance meanwhile is looking for ways to make companies pay what they owe.

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Rates on hold but ASX's 6000 hurdle still in sight

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Malcolm Maiden The Australian dollar rose sharply about 15 seconds ahead of the Reserve's 2.30pm announcement that rates were on hold.

RBA rate cut: It is just a matter of when

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Malcolm Maiden There will be more than usual interest in the Reserve Bank’s rate-setting meeting next Tuesday, not least because the central bank has already surprised twice this year.

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Buying on April 1 last year wasn't totally foolish

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Malcolm Maiden It is said that fools rush in, but investors who bought on April Fools' Day a year ago and avoided resources companies did well.

Crunch time for the government's reform ambitions

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Malcolm Maiden The Abbott government had decided before it was elected it would deliver process-driven reform in financial services, competition law and tax, and on two fronts the crunch time is now approaching.

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Dividend imputation clears an early tax review hurdle


Malcolm Maiden Australian investors appear to have dodged a bullet.

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Share register something new for Myer to consider


Malcolm Maiden The Myer department store group got something else to think about on Friday when investment bank Deutsche filed a 5.2 per cent substantial shareholding notice.

Housing boom not an automatic bust yet

Malcolm Maiden There were two apparently contrasting views on Australia’s property market on Tuesday.

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Qantas link with China Eastern may be an air bridge too far


Malcolm Maiden It couldn’t happen in China but it can happen in Australia, and it just has. A deal signed in the presence of the leaders of the two nations has been rejected by Australia’s competition...

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Myer makeover one for the ages if it works

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Malcolm Maiden Myer’s new chief executive Richard Umbers says he will “bring the love of shopping to life” in its department stores, but can he break the group's revamp duck?

Tax reform cannot be discussed in bits and pieces

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Malcolm Maiden Tax reform is never a comfortable discussion for a government to initiate, and this government is preparing to do so when its political stocks are low.

South32 makes sense, for BHP most of all


Malcolm Maiden The simple maths of BHP Billiton's South32 spinout is that the group will spend about $US738 million ($966 million) before tax in stamp duty, other taxes, separation costs and execution costs to lock...