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Max Mason

Max Mason is a business reporter focusing on financial markets.

ASX

Fed sends Australian shares surging to best day in 18 months

Max Mason The Fed sent global sharemarkets into a frenzy, with the ASX recording its strongest day in a year and a half.

Telco

Telstra signs $390 million NBN planning and design deal

pink Telstra

Max Mason Telstra will begin planning and design work on the National Broadband Network early next year as part of a new four-year deal, worth up to $390 million, to assist NBN Co with the rollout.

NBN

NBN Co adds cable TV infrastructure to rollout plan

NBN roll-out

Max Mason NBN Co will begin a customer pilot on the cable television infrastructure it acquired from Telstra and Optus, as part of the new multi-technology National Broadband Network, in the final quarter of...

Telecoms

Telstra mulling over $1b Pacnet purchase

With up to $5.1 billion in cash sitting in its war chest, Telstra has been busily forming partnerships in Asia, to expand beyond its voice and internet businesses in Australia.

Max Mason Telstra is in talks to purchase Asia-based telecommunications provider Pacnet which owns a more than 46,000 km undersea cable network and could be worth more than $1 billion.

Telco

Vocus bids $653 million for Amcom

cable

Max Mason Vocus Communications has mounted a $653 million bid for Amcom Telecommunications that would create a new national telecommunications competitor for entrenched market leaders Optus and Telstra.

Telco

Telstra fined $102,000 over iPhone advertising prices

Advertisements for Apple's iPhone have got Telstra into trouble.

Max Mason Telstra has been fined $102,000 after the competition watchdog ruled that an iPhone advertisement misrepresented the price of the phone and plan bundle to consumers.

Telco

Telcos and ACCC to hash out Telstra-NBN rules

New rules will be designed to stop Telstra taking unfair advantage of the NBN roll-out.

Max Mason The telecommunications industry and competition watchdog have been asked to help develop new conditions to stop Telstra getting unfair advantages from NBN Co following the completion of a new deal on...

Telcos

Telstra a natural fit for bigger role in NBN roll-out

The core deal sees Telstra retain a net present value of about $11 billion.

Max Mason Competition boss Rod Sims says the potential for Telstra to be more involved in the roll-out of the National Broadband Network makes sense, as long as the proper provisions are put in place to ensure...

Faster broadband for more Australians soon, says NBN chief

NBN Co chief executive Bill Morrow is confident more people will have faster broadband soon.

Max Mason NBN Co chief executive Bill Morrow is confident that more Australians will have faster broadband sooner thanks to part of the new $11 billion deal signed with Telstra and Optus to acquire the cables...

Telstra signs new $11 billion NBN agreement

telstra

Max Mason and Paul Smith Telstra is set to benefit from an increased role in the construction and maintenance of the National Broadband Network, as part of a new deal that sees the telco retain the value of the original $11...

Telcos

Internet firms raise concerns about government's rushed piracy plans

Oh my gosh: <i>Game of Thrones</i> is among the most commonly pirated television shows.

Max Mason Internet services providers have said they are ready to help create an industry code to help combat piracy, but some have expressed concern about a lack of time to come to a consensus before the...

NBN gets an inner-city ring fence as rivals capped

Communications Minister Malcolm Turnbull.

Max Mason The federal government is locking in a wholesale price cap on internet services providers looking to take on the NBN Co with their own high-speed rollout and has proposed legislation which would see...

ASX

Australian shares fall despite Telstra rally

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Max Mason A rally in Telstra shares and better-than-expected jobs data helped the local sharemarket more than halve early losses, but that wasn’t enough to offset another hefty drop in the energy sector.

Asia

Why Chinese stocks dived the most in five years

China's move to restrict low-grade bonds is bringing short-term pain for share investors.

Max Mason New targeted restrictions on lending and a depreciating renminbi have sparked the biggest sell-off in Chinese equities in more than five years.

China

What is sending the Shanghai market surging?

Chinese investors are looking to equities as a new source of profit.

Max Mason China's benchmark Shanghai Composite Index has surged just under 30 per cent in the past six weeks, pushing through 3000 for the first time since 2011.

Bank shares surge on Murray report

Bank stocks have lept after the capital requirements proposed by the Murray inquiry turned out to be not as onerous as some had feared.

Max Mason Investor fears of much tougher recommendations from David Murray’s Financial Services Inquiry have not come to fruition.

Currencies

Australian dollar falls below 83 US cents

The dollar fell on news that US economy created 321,000 new jobs in November, the highest monthly growth rate in nearly three years.

Max Mason The Australian dollar has fallen below 83 US cents for the first time in four-and-a-half years after the release of very strong US employment figures.

Economy

Australian wages growth hits the wall

The end of the mining boom has rapidly slowed wages growth in Australia.

Max Mason Australian wages rose more than in any developed G20 nation between 2007 and 2013. But then something changed.

Currencies

Dollar slides to fresh 4 ½-year low

The dollar has slipped to its lowest level since the middle of 2010.

Max Mason Speculation the Reserve Bank will cut interest rates early next year has pushed the local currency to a fresh 4 ½-year low.

Markets

Banks and miners lead Australian shares higher

Generic photo of the ASX  board in Melbourne.I

Max Mason Banks and miners have led the Australian sharemarket higher for the third straight session but some energy stocks continued to suffer.