Today's News & Views
How much more bull can world markets bear?
Matthew Kidman It is virtually impossible to find an expert who believes equity markets are a risky place to invest.
Buyers say it is time for auction action
Nicole Lindsay Melbourne turned in a strong auction clearance rate of 73 per cent on the weekend.
CBD
Budget deadline a sticky business
BEN BUTLER Wayne Swan faced an unusual problem releasing his budget - having enough time for the glue holding the pages together to set.
Resources
Fortescue told to re-price Pilbara rail
PETER KER Andrew Forrest's Fortescue Metals Group has been told to change the way it charges for access to its Pilbara railway, as regulators grapple with Brockman Mining.
Resources
US shale gas may become export rival to Australia
PETER KER Fears that the US could become a rival are firming as the Obama approves more LNG exports.
Cosmetics
Cosmetics case reaches testing time
Gareth Hutchens The case involving allegedly fake MAC products being sold in Target stores has hit a snag.
It takes no brains to kick Treasury
ROSS GITTINS When it comes to forecasting the economy the econocrats are on a hiding to nothing.
Monopoly delivered on a platter
MICHAEL WEST To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
Litigation
Morgan Stanley sued over $5m super losses
Chris Vedelago Morgan Stanley is being sued after losing $5 million with a series of 'aggressive' trades.
Aviation
Qantas pilots want terms Virgin offers
MATT O'SULLIVAN Qantas short-haul pilots will hold meetings across the country this week.
Aviation
Tiger Australia cuts its losses
Matt O'Sullivan Tiger Australia has continued to narrow its losses due to stronger returns from fares.
Property
Auction clearance level best in three years
Nicole Lindsay Sydney's property market had a boom-time auction clearance rate of 79 per cent at the weekend as buyers shrugged off any concerns about the economy, employment or the election.
Security
Keyboard wars: US turns to rookies as cyber threats worsen
Demand for internet security experts is dramatically overwhelming supply, write Sandrine Rastello and Jeanna Smialek.
Economy wide spending up in April
2:39am Spending rose for the eighth consecutive month in April, according to the Commonwealth Bank's Business Sales Indicator
Westpac drops fixed rate
5:20pm Westpac has lowered its one year fixed home loan rate to 4.79 per cent
Home loan wars heat up as Westpac cuts
GLENDA KWEK 11:05pm Westpac fires the latest salvo in the fixed-rate home loan wars as lenders battle for new borrowers following the RBA's cash rate cut.
Aust market tipped to open higher
Kylie Williams 1:09pm The Australian market is expected to open higher this week after strong leads from Wall Street.
Precious metals
Dismal week for gold
Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as the US dollar rose to the highest since 2008.
Airlines
Operational costs weigh on Tiger
Discount carrier Tiger Airways reported a quarterly operating loss of $S15.1 million ($12.4 million) because of higher operational costs.
European stocks rebound on bargain hunting
Europe’s main stock markets have rebounded, with Frankfurt hitting arecord and Paris jumping above 4000 points for the first time since July 2011 as traders went bargain-hunting.
Oil rallies as US consumer sentiment rises
World oil prices have risen for the third day in a row after a better-than-expected reading on US consumer confidence boosted hopes for stronger energy demand.
Wall St
Records tumble as US stocks soar
US stocks continued their climb into uncharted territory, racking up the fourth week of gains in a row.
Tax
'Meeting of the minds' spares Tinkler
GARETH HUTCHENS The embattled coal baron Nathan Tinkler has reached an in-principle settlement with the Australian Tax Office over debts owed by several of his companies.
IVF
Expecting soon - Virtus waiting on IPO
Madeleine Heffernan It's an industry that mixes science, hope and big bucks. And now it's heading to the sharemarket, breaking a drought in big initial public offerings and lining the pockets of its private equity and medical owners.
Retailers raise fashion stakes with exclusive designer collaborations
PAULA JOYE It's the age of fashion democracy: luxury design at affordable prices. Ten years after Chanel's Karl Lagerfeld produced a collection for Swedish mass retailer H&M, high-end designer collaborations are no longer a trend but essential weapons in the fast fashion war.
Break-up could breathe new life into News
COLIN KRUGER Analysts say the split into two divisions may lead to a re-rating of the embattled publishing business, writes Colin Kruger.
World war spree is declared
MICHAEL WEST Here we are sitting pretty at the tail end of the biggest boom in history. What with interest rates at a 50-year low, unemployment at just 5.5 per cent, economic growth about 3 per cent and very little debt … you could be forgiven for thinking things were not too bad.
Mining
Argyle shows every facet, especially red
Kylie Williams Diamonds don't just come in all shapes and sizes: they come in a rainbow of colours.
Go with the flow and you should bag a valuable catch
MARCUS PADLEY If success in the sharemarket is being right 51 per cent of the time, then you don't need much of an edge to succeed.
Markets
Plummeting dollar, budget steal limelight
GARETH HUTCHENS The sharemarket lost ground this week, slipping 0.6 per cent, but the dollar stole the headlines after dropping like an anvil.
Companies
Trailing herd is a tale of woe
CHRISTOPHER WEBB Punters who like piggy-backing director buying - particularly multi-director buying - have discovered that sometimes it can be costly. Very costly.
Dodo founder cashed up for second strike
Marc Pallisco Melbourne's newest developer, Dodo founder Larry Kestelman, has made his second major property play.
Property
Investor set to double his money on three sites
SIMON JOHANSON A wealthy property investor who is selling three prime city development sites may nearly double his initial $47 million investment.
Property
US focus for Drapac funds
SIMON JOHANSON Australian property group Drapac is set to launch two investment funds to raise $50 million to invest in US real estate.
Media
Break-up could breathe new life into News
COLIN KRUGER Analysts say the split into two divisions may lead to a re-rating of the embattled publishing business.
China's State Grid powers up in Australia
MALCOLM MAIDEN In the electricity industry, Chinese government-owned State Grid Corporation is the global whale.
Media
Media groups forced to fix business model
COLIN KRUGER You do not need to look at News Corp's local operations to realise the media sector is engaging in radical change to survive the cyclical and structural headwinds.
Retail
China the new competitor in Australia's online sales
GEORGIA WILKINS As Australia's major retailers increase their online sales channels, they could face competition from China's booming e-commerce industry.
Tax
Tinkler resolves ATO debts
GARETH HUTCHENS Coal baron Nathan Tinkler has reached an in-principle settlement with the ATO over unpaid debts.
Retail
Wesfarmers shares fall short of their Target
GLENDA KWEK Wesfarmers shares suffer biggest fall in almost two years after the company sharply lowered Target's earnings forecast.
Wealth
Changing fortunes put Gates back on top
Alex Cuadros and Crayton Harrison Bill Gates is once again the world's richest person, recapturing the title from Carlos Slim.
Social media
Facebook battles mobile concerns
Brian Womack Facebook marked its first anniversary as a public company on Friday, and investors have little reason for merriment.
Mining
Foreign investors unhappy
PETER KER Big foreign investors turn up the heat on Australian regulators over a controversial stalled mining project in the nation's east.
Construction
Leighton facing write-downs class action
PHILIP WEN A class action lawsuit over more than $1 billion in profit write-downs will be added to the list of shareholder concerns when the Leighton board faces the annual meeting on Monday.
Biotechs
Virtus Health IPO has market back in the pink
Madeleine Heffernan It's an industry that mixes science, hope and big bucks. And now it's heading to the sharemarket.
Utilities
China makes $3b power play for energy network
BRIAN ROBINS Hard on the heels of its $500 million-plus purchase of a large stake in the power network in South Australia, China's State Grid has paid more than an estimated $3 billion for control of the main gas network in much of eastern Australia along with a one-fifth interest in SP AusNet.
Currencies
Dollar's slide mostly good
PETER KER For a moment, it seemed the high Australian dollar might join the cockroaches as the only survivor of nuclear winter.
Mining
When big miners tighten belts, large contractors feel the pinch
PHILIP WEN Although they saw it coming, even veteran mining contractors were surprised at how fast the well dried up.
Delayed return to surplus no worry - what causes it is
ROSS GITTINS Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending.
China's calling - and we need chutzpah to go with wine and cheese
HAROLD MITCHELL In the famous 1975 ''Thrilla In Manilla'', Muhammad Ali and Joe Frazier slugged it out in the greatest boxing match of all time.
Hostilities boil over into world war spree
MICHAEL WEST Here we are sitting pretty at the tail end of the biggest boom in history. You could be forgiven for thinking things were not too bad.
Retail
China roars along e-tailing superhighway
Richard Cooper and Richard Dobbs Mass consumption is coming of age in the internet era.
Greek economy recovering but few jobs
Greece's long recession may be over by 2014 but the jobless rate will stay above 20 per cent for another three years.
Tiger Australia narrows quarterly loss
Tiger Australia expects to be better positioned to tap opportunities for further expansion following the ownership tie-up with Virgin Australia.
Qld govt approves Crown increase in Echo
Queensland's Office of Liquor and Gaming Regulation allows Crown to lift its voting stake to above 10 per cent in Echo.
$A down and staying down
Evan Schwarten The Australian dollar appears to be settled for a long stay below the 100 US cent mark.
Australian slump affects Nuplex earnings
Nuplex shares have dropped nearly nine per cent after it cut its full-year earnings guidance again.
Currencies
Dollar dives like a 'falling knife'
GLENDA KWEK What’s been driving the dramatic plunge in the dollar, and why we shouldn't expect a rebound any time soon.
China buys into power network
Drew Cratchley A state-owned Chinese power company is set to take a major stake Singapore Power International's Australian assets.
How much more bull can world markets bear?
Matthew Kidman It is virtually impossible to find an expert who believes equity markets are a risky place to invest.
Buyers say it is time for auction action
Nicole Lindsay Melbourne turned in a strong auction clearance rate of 73 per cent on the weekend.
CBD
Budget deadline a sticky business
BEN BUTLER Wayne Swan faced an unusual problem releasing his budget - having enough time for the glue holding the pages together to set.
Resources
Fortescue told to re-price Pilbara rail
PETER KER Andrew Forrest's Fortescue Metals Group has been told to change the way it charges for access to its Pilbara railway, as regulators grapple with Brockman Mining.
Resources
US shale gas may become export rival to Australia
PETER KER Fears that the US could become a rival are firming as the Obama approves more LNG exports.
Cosmetics
Cosmetics case reaches testing time
Gareth Hutchens The case involving allegedly fake MAC products being sold in Target stores has hit a snag.
It takes no brains to kick Treasury
ROSS GITTINS When it comes to forecasting the economy the econocrats are on a hiding to nothing.
Monopoly delivered on a platter
MICHAEL WEST To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
Litigation
Morgan Stanley sued over $5m super losses
Chris Vedelago Morgan Stanley is being sued after losing $5 million with a series of 'aggressive' trades.
Aviation
Qantas pilots want terms Virgin offers
MATT O'SULLIVAN Qantas short-haul pilots will hold meetings across the country this week.
Aviation
Tiger Australia cuts its losses
Matt O'Sullivan Tiger Australia has continued to narrow its losses due to stronger returns from fares.
Property
Auction clearance level best in three years
Nicole Lindsay Sydney's property market had a boom-time auction clearance rate of 79 per cent at the weekend as buyers shrugged off any concerns about the economy, employment or the election.
Security
Keyboard wars: US turns to rookies as cyber threats worsen
Demand for internet security experts is dramatically overwhelming supply, write Sandrine Rastello and Jeanna Smialek.
Economy wide spending up in April
2:39am Spending rose for the eighth consecutive month in April, according to the Commonwealth Bank's Business Sales Indicator
Westpac drops fixed rate
5:20pm Westpac has lowered its one year fixed home loan rate to 4.79 per cent
Home loan wars heat up as Westpac cuts
GLENDA KWEK 11:05pm Westpac fires the latest salvo in the fixed-rate home loan wars as lenders battle for new borrowers following the RBA's cash rate cut.
Aust market tipped to open higher
Kylie Williams 1:09pm The Australian market is expected to open higher this week after strong leads from Wall Street.
Precious metals
Dismal week for gold
Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as the US dollar rose to the highest since 2008.
Airlines
Operational costs weigh on Tiger
Discount carrier Tiger Airways reported a quarterly operating loss of $S15.1 million ($12.4 million) because of higher operational costs.
European stocks rebound on bargain hunting
Europe’s main stock markets have rebounded, with Frankfurt hitting arecord and Paris jumping above 4000 points for the first time since July 2011 as traders went bargain-hunting.
Oil rallies as US consumer sentiment rises
World oil prices have risen for the third day in a row after a better-than-expected reading on US consumer confidence boosted hopes for stronger energy demand.
Wall St
Records tumble as US stocks soar
US stocks continued their climb into uncharted territory, racking up the fourth week of gains in a row.
Tax
'Meeting of the minds' spares Tinkler
GARETH HUTCHENS The embattled coal baron Nathan Tinkler has reached an in-principle settlement with the Australian Tax Office over debts owed by several of his companies.
IVF
Expecting soon - Virtus waiting on IPO
Madeleine Heffernan It's an industry that mixes science, hope and big bucks. And now it's heading to the sharemarket, breaking a drought in big initial public offerings and lining the pockets of its private equity and medical owners.
Retailers raise fashion stakes with exclusive designer collaborations
PAULA JOYE It's the age of fashion democracy: luxury design at affordable prices. Ten years after Chanel's Karl Lagerfeld produced a collection for Swedish mass retailer H&M, high-end designer collaborations are no longer a trend but essential weapons in the fast fashion war.
Break-up could breathe new life into News
COLIN KRUGER Analysts say the split into two divisions may lead to a re-rating of the embattled publishing business, writes Colin Kruger.
World war spree is declared
MICHAEL WEST Here we are sitting pretty at the tail end of the biggest boom in history. What with interest rates at a 50-year low, unemployment at just 5.5 per cent, economic growth about 3 per cent and very little debt … you could be forgiven for thinking things were not too bad.
Mining
Argyle shows every facet, especially red
Kylie Williams Diamonds don't just come in all shapes and sizes: they come in a rainbow of colours.
Go with the flow and you should bag a valuable catch
MARCUS PADLEY If success in the sharemarket is being right 51 per cent of the time, then you don't need much of an edge to succeed.
Markets
Plummeting dollar, budget steal limelight
GARETH HUTCHENS The sharemarket lost ground this week, slipping 0.6 per cent, but the dollar stole the headlines after dropping like an anvil.
Companies
Trailing herd is a tale of woe
CHRISTOPHER WEBB Punters who like piggy-backing director buying - particularly multi-director buying - have discovered that sometimes it can be costly. Very costly.
Dodo founder cashed up for second strike
Marc Pallisco Melbourne's newest developer, Dodo founder Larry Kestelman, has made his second major property play.
Property
Investor set to double his money on three sites
SIMON JOHANSON A wealthy property investor who is selling three prime city development sites may nearly double his initial $47 million investment.
Property
US focus for Drapac funds
SIMON JOHANSON Australian property group Drapac is set to launch two investment funds to raise $50 million to invest in US real estate.
Media
Break-up could breathe new life into News
COLIN KRUGER Analysts say the split into two divisions may lead to a re-rating of the embattled publishing business.
China's State Grid powers up in Australia
MALCOLM MAIDEN In the electricity industry, Chinese government-owned State Grid Corporation is the global whale.
Media
Media groups forced to fix business model
COLIN KRUGER You do not need to look at News Corp's local operations to realise the media sector is engaging in radical change to survive the cyclical and structural headwinds.
Retail
China the new competitor in Australia's online sales
GEORGIA WILKINS As Australia's major retailers increase their online sales channels, they could face competition from China's booming e-commerce industry.
Tax
Tinkler resolves ATO debts
GARETH HUTCHENS Coal baron Nathan Tinkler has reached an in-principle settlement with the ATO over unpaid debts.
Retail
Wesfarmers shares fall short of their Target
GLENDA KWEK Wesfarmers shares suffer biggest fall in almost two years after the company sharply lowered Target's earnings forecast.
Wealth
Changing fortunes put Gates back on top
Alex Cuadros and Crayton Harrison Bill Gates is once again the world's richest person, recapturing the title from Carlos Slim.
Social media
Facebook battles mobile concerns
Brian Womack Facebook marked its first anniversary as a public company on Friday, and investors have little reason for merriment.
Mining
Foreign investors unhappy
PETER KER Big foreign investors turn up the heat on Australian regulators over a controversial stalled mining project in the nation's east.
Construction
Leighton facing write-downs class action
PHILIP WEN A class action lawsuit over more than $1 billion in profit write-downs will be added to the list of shareholder concerns when the Leighton board faces the annual meeting on Monday.
Biotechs
Virtus Health IPO has market back in the pink
Madeleine Heffernan It's an industry that mixes science, hope and big bucks. And now it's heading to the sharemarket.
Utilities
China makes $3b power play for energy network
BRIAN ROBINS Hard on the heels of its $500 million-plus purchase of a large stake in the power network in South Australia, China's State Grid has paid more than an estimated $3 billion for control of the main gas network in much of eastern Australia along with a one-fifth interest in SP AusNet.
Currencies
Dollar's slide mostly good
PETER KER For a moment, it seemed the high Australian dollar might join the cockroaches as the only survivor of nuclear winter.
Mining
When big miners tighten belts, large contractors feel the pinch
PHILIP WEN Although they saw it coming, even veteran mining contractors were surprised at how fast the well dried up.
Delayed return to surplus no worry - what causes it is
ROSS GITTINS Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending.
China's calling - and we need chutzpah to go with wine and cheese
HAROLD MITCHELL In the famous 1975 ''Thrilla In Manilla'', Muhammad Ali and Joe Frazier slugged it out in the greatest boxing match of all time.
Hostilities boil over into world war spree
MICHAEL WEST Here we are sitting pretty at the tail end of the biggest boom in history. You could be forgiven for thinking things were not too bad.
Retail
China roars along e-tailing superhighway
Richard Cooper and Richard Dobbs Mass consumption is coming of age in the internet era.
Greek economy recovering but few jobs
Greece's long recession may be over by 2014 but the jobless rate will stay above 20 per cent for another three years.
Tiger Australia narrows quarterly loss
Tiger Australia expects to be better positioned to tap opportunities for further expansion following the ownership tie-up with Virgin Australia.
Qld govt approves Crown increase in Echo
Queensland's Office of Liquor and Gaming Regulation allows Crown to lift its voting stake to above 10 per cent in Echo.
$A down and staying down
Evan Schwarten The Australian dollar appears to be settled for a long stay below the 100 US cent mark.
Australian slump affects Nuplex earnings
Nuplex shares have dropped nearly nine per cent after it cut its full-year earnings guidance again.
Currencies
Dollar dives like a 'falling knife'
GLENDA KWEK What’s been driving the dramatic plunge in the dollar, and why we shouldn't expect a rebound any time soon.
China buys into power network
Drew Cratchley A state-owned Chinese power company is set to take a major stake Singapore Power International's Australian assets.











