Malcolm Maiden

Malcolm Maiden

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

Lowy family's Westfield restructure clears hurdle

Malcolm Maiden It took only a slight shift in the balance to get the $70 billion Westfield restructure over the line.

The bottom line is: Will we be better or worse off under this agreement?

Malcolm Maiden dinkus

Malcolm Maiden The Trade in Services Agreement document WikiLeaks has obtained is arcane, but it shows that Australia, the US, the European Union and 20 other large and small countries are talking about...

Malcolm Maiden

Breaking the market's golden rules

Malcolm Maiden Penalties totalling $1.2 million that Newcrest has agreed to pay to settle an Australian Securities and Investments Commission probe into its disclosure debacle last year will if confirmed in court...

Malcolm Maiden

The Newcrest case and Rule No.1

A truck is repaired at Newcrest's Cadia mine near Orange in NSW.

Malcolm Maiden It's the agreed statement of facts that accompanies the settlement of ASIC's probe into Newcrest that is really interesting.

Malcolm Maiden

Shell makes a motza from sell-down in Woodside stake

Malcolm Maiden dinkus

Malcolm Maiden Even after selling half of a $6b, 19 per cent stake in Woodside at a 14 per cent discount Shell has made a motza.

Malcolm Maiden

Woodside a takeover target with Shell’s stake cut

Woodside's Peter Coleman (left) and Michael Chaney.

Malcolm Maiden There was only one antsy question at Woodside's meeting to announce that Shell's stake in the company would be cut from 23 per cent to 4.5 per cent at the most.

With the US pumping, oil from the Middle East shales in significance

Malcolm Maiden dinkus

Malcolm Maiden The claim that geopolitics in the Middle East are about oil is not as easy to make as it used to be.

Kiwis show way in handling a boom

Malcolm Maiden Our Reserve Bank has rates on hold

Malcolm Maiden

Big whine makes KKR glass half-full

Malcolm Maiden Consumer sentiment plunged in May after Joe Hockey delivered his budget. New surveys show that it hasn't got worse in June, but it hasn't improved much, either.

Malcolm Maiden

Postal pain problems swell the bag

Malcolm Maiden The job cuts Australia Post boss Ahmed Fahour confirmed on Tuesday are heavier than they appear to be, and still don't solve the long-term problem the group faces.

Draghi makes plans for stronger Europe

Malcolm Maiden Like Clint Eastwood's gun-toting cop Dirty Harry, Draghi had asked bond traders if they felt lucky.

Deflation: The toxic crisis confronting Europe

Malcolm Maiden The first job for central banks in countries hit head-on by the 2008-09 global crisis was to avoid an economic depression.

Treasury will rue the day it cut the CAMAC

Malcolm Maiden CAMAC was a hidden gem: Tony Abbott's government should not have killed it.

Malcolm Maiden

Reserve Bank quiet on Hockey budget

Reserve Bank of Australia building

Malcolm Maiden The Reserve Bank still has rates on hold, but consumer sentiment is the wild card. It doesn't get mentioned in the central bank's latest statement, but could decide when rates move, and in which...

Comment

What the RBA's June statement didn't say

The Reserve Bank of Australia

Malcolm Maiden The key to what the RBA does next is what it did not say in its June statement.

Spinoff or spin? Just follow the Westfield money

Malcolm Maiden dinkus

Malcolm Maiden Following the money is a useful way to analyse this week's Westfield standoff.

Lawyers to feast in unmapped terrain

Malcolm Maiden We are in uncharted waters after Westfield Retail Trust chairman Dick Warburton adjourned a meeting that was poised to vote down the Trust's participation in a $70 billion restructure of the...

Malls

Frank Lowy’s Westfield threat makes corporate history

Frank Lowy

Malcolm Maiden Frank Lowy's warning Westfield would independently split into separate Australian and international companies if a shareholder vote didn't go his way has resulted Australian corporate history.

Property

Westfield $70b restructure a step closer

Westfield

Malcolm Maiden The first shareholder vote on Westfield's complicated $70 billion restructure plan has overwhelmingly supported the deal, with almost 98 per cent of Westfield Group shareholders who voted supporting...

Decision day looms for Westfield

Malcolm Maiden Thursday's vote on the $70 billion restructure of Westfield Group and Westfield Retail Trust is going to be tight.