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Max Mason

Max Mason is a business reporter focusing on financial markets.

Miner rally offsets bad day for the banks on the ASX

Max Mason Strong performances from miners, the supermarkets and Telstra help offset a bad day for banks as the Australian sharemarket finished modestly higher on Monday.

From garages to gorillas: broadband businesses are gaining scale

TPG now has a blocking stake of 16.7 per cent in Amcom, which was readying a merger with Vocus.

Max Mason The company Michael Malone founded in his mother's garage back in 1993, iiNet, represents the last jewel that Australian internet services providers are looking to add to their crowns.

iiNet backs M2 offer and waits for TPG's next move

Max Mason iiNet chairman Michael Smith is hoping the offers keep coming for the Perth-based internet service provider, after the company's board recognised M2 Group's $1.

TPG Telecom share raid on Amcom puts merger in doubt

Vocus Communications chief executive James Spenceley.

Max Mason TPG Telecom's surprise raid on Amcom Telecommunications' stock has "no other purpose than to disrupt real and fair competition", says Vocus Telecommunications chief executive James Spenceley.

RBA rates inaction in May would put a rocket under $A

Glenn Stevens, Reserve Bank governor, faces an Australian dollar rising if he does not cut rates in May.

Vesna Poljak and Max Mason At its next rate decision on Tuesday, the RBA faces the renewed headache of a resilient Australian dollar after the US economy slowed to a crawl in the first quarter.

Kiwi dollar parity dream dealt a blow by RBNZ

Parity between the New Zealand and Australian dollars looks less likely thanks to the RBNZ's easing bias.

Max Mason The chance of parity between the Australian dollar and its Kiwi rival is fast dissipating, with the Reserve Bank of New Zealand signalling it may be preparing to cut rates.

TPG cleared of wrongdoing by NSW Supreme Court in FTTB case

The NSW Supreme Court has ruled that TPG did not engage in misleading or deceptive conduct.

Max Mason TPG general counsel Tony Moffatt said the judgement confirmed equal access for all carriers.

Bidding war for iiNet is just getting started, say fund managers

Analysts and major shareholders have backed M2's bid for iiNet over TPG's.

Max Mason M2 has launched a competing offer against TPG's $8.60 per share all-cash bid.

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Is the People's Bank of China planning QE?

Foreign bank exposure to China has eased after a period of rapid growth.

Max Mason Rumours that the People's Bank of China is planning to boost liquidity have sparked suggestion that China may start its own quantitative easing program.

Battle for iiNet far from over says suitor M2 Group

Vaughan Bowen:

Max Mason Vaughan Bowen is confident M2's counter offer would be a good deal for shareholders but anticipates TPG Telecom will fight back.

M2 Group founder Vaughan Bowen is ready for a fight with TPG for iiNet

M2 Group founder Vaughan Bowen says the business has grown up quite dramatically.

Max Mason, Anthony Macdonald and Sarah Thompson M2 Group founder Vaughan Bowen is confident the telecommunications provider's counter offer for iiNet, which values it at $1.

M2 Group lodges $1.6b all-share bid for iiNet

Geoff Horth, chief executive of M2 Telecommunication, has launched a counterbid for iiNet to create the country's second-largest provider of fixed line services.

David Ramli, Anthony Macdonald and Max Mason M2 Group, which is best known as the owner of Dodo and iPrimus, has lodged a counterbid to buy Perth-based rival iiNet in an all-share offer worth over $1.

RBA's May interest rate cut plans not so clear

To cut, or not to cut ... Reserve Bank Governor Glenn Stevens.

Max Mason A May rate cut looked like a sure thing - until this week. Stronger than expected inflation and a jump in iron ore has pushed some economists to forecast the Reserve Bank of Australia will hold pat...

Gains in oil likely to push ASX higher

Oil has surged to a 2015 high.

Max Mason Local shares are tipped to start strongly, with the SPI futures up 31 points, after oil hit its highest price of 2015 and Wall Street's Nasdaq climbed to the highest level in 15 years.

Jobless rate headed for 7% this year and could go higher, says BlackRock

Australia's unemployment rate risks hitting 7 per cent by the end of the year.

Max Mason Australia's unemployment rate risks hitting 7 per cent this year and could push higher in 2016, BlackRock warns.

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ASX slides as rate cut doubts trigger sell-off in bank shares

Westpac led the fall in big banks stocks on Wednesday; down 1.3 per cent to $38.29.

Max Mason Shares fell on Wednesday as investors interpreted inflation numbers as another reason for the RBA to further delay a rate cut, accelerating a sell-off in the big banks.

Who can deliver on earnings?

Despite a sluggish economy, the benchmark S&P/ASX 200 has added about 9 per cent this year.

Max Mason UBS is forecasting 8 per cent earnings growth each year for the next three years.

HFC network will cope with rise of Netflix, says NBN

The NBN will bring with it better capacity to cope with streaming services, chief technology officer Dennis Steiger says.

Max Mason Telstra chief operating officer Kate McKenzie said networks would require investment to meet the growing demand for video content.

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China stimulus buoys Australian dollar

Max Mason The People's Bank of China quick reaction to help stimulate the world's second largest economy by cutting the amount of cash the country's banks need to hold has helped the Australian dollar briefly...

NZ deal boosts M2, but are shares fully priced?

Credit Suisse says the purchase of CallPlus in New Zealand

Max Mason Shares in the owner of the Dodo and iPrimus brands hit as high as $11.57 last week when the group announced the takeover of New Zealand's largest broadband provider, CallPlus.