Malcolm Maiden

Malcolm Maiden

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

Glenn Stevens: Below-trend growth shapes as the new trend without reform

Malcolm Maiden

Malcolm Maiden Reserve Bank governor Glenn Stevens posed an important question at Adrian Blundell-Wignall's Anika Foundation July lunch.

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Cheer up, pessimists – it's not all good

Malcolm Maiden

Malcolm Maiden China's sharemarket has stabilised, and Greece is making progress towards a bailout that won't save it but will buy it more time. What's a market pessimist to do? Search for new icebergs, of course.

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BHP's US shale invasion has not been a winner

Malcolm Maiden

Malcolm Maiden BHP Billiton is big enough to take a $US2.8 billion ($3.7 billion) pre-tax writedown of the value of its oil shale assets in the United States in its stride.

Debt forgiveness is the missing link in Greece's bailout

Malcolm Maiden

Malcolm Maiden The thing that is missing from the bailout deal that Greek Prime Minister Alexis Tsipras has to steer through Parliament is debt forgiveness.

Greece debt crisis: Third bailout is a deal at last - if it is locked

Malcolm Maiden

Malcolm Maiden Is this it? Nope, the road from here is long and difficult.

China: small market quake, not many hurt

Malcolm Maiden

Malcolm Maiden China's government has been attempting a delicate balancing act since the middle of last year. This month, it fell off the wire.

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ASIC market probe is a thing of the past

Malcolm Maiden

Malcolm Maiden We can all agree that financial market benchmarks are worthy of thorough examination for rigging.

As you were: rates on hold while Greek, China dramas play out

Malcolm Maiden.

Malcolm Maiden It should have taken the Reserve Bank only half an hour this morning to decide the cash rate should be held at 2 per cent for another month.

Greece's referendum means it's time for compromise

Malcolm Maiden

Malcolm Maiden Not even the Greeks know for sure what they voted against on Sunday.

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Greece debt crisis: nobody knows, which is why everybody's selling

Malcolm Maiden.

Malcolm Maiden Nobody knows what Greece's no vote and the China's sharemarket will lead to – which is why everybody's selling.

Wrinkles in Brookfield's $8.8 billion bid for Asciano need to be ironed out

Malcolm Maiden

Malcolm Maiden It is hardly surprising that the first rush of excitement about the the Asciano port and rail group receiving an $8.

Greece bailout vote stalls the drift towards default – for now

Malcolm Maiden

Malcolm Maiden Greek Prime Minister Alexis Tsipras' decision to ask voters next Sunday whether the bailout offer from Europe should be accepted was as much about avoiding strife in his party, as it was about giving...

Australia Post's future is no longer in the mail

Australia Post predicts by 2020 it will be delivering a quarter as much mail as it did in 2008.

Malcolm Maiden The group is downsizing its postal division as its losses mount but other parts of the group have been hiring.

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Greece deal not a sure-fire rally-maker for this market

Malcolm Maiden

Malcolm Maiden Local investors face a bit of a dilemma as Greece prepares for crunch talks about its debt crisis.

Greece's euro debt crisis: out of Grimbo, but can it avoid a Graccident too?

Malcolm Maiden

Malcolm Maiden A guide to Greece's sovereign debt deadlock and the buzzwords being used to describe it.

New rules: Oil and OPEC may be down for a long count

Malcolm Maiden In 2008, as the oil price was rising to a new high of $US145 a barrel, New York based energy guru Ed Morse issued a famous call.

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Grant O'Brien goes: the next question is – what else changes?

Malcolm Maiden

Malcolm Maiden The reality is that Woolworths boss Grant O'Brien's departure sets the group up for a new, as-yet unknown, course.

As Woolworths' Grant O'Brien goes, the real question is what else changes

Malcolm Maiden

Malcolm Maiden Grant O'Brien's apparent decision to head for the door surely sets another, as yet unknown, course for Woolworths.

Buffett likes IAG, and that means he likes Australia too

Malcolm Maiden

Malcolm Maiden If there is a query on IAG's sensational deal with Warren Buffett it is this: if he is doing what he so often does, is IAG's boss Mike Wilkins delusional when he says the deal is a "win-win"?

IAG's deal with Warren Buffett is a major coup

Malcolm Maiden

Malcolm Maiden IAG's tie-in with Warren Buffett ticks a lot of boxes. There's a halo effect, of course, but even without Buffett's formidable reputation attached this looks to be a deal worth doing.