Comment & Analysis

CBA's profit makes bank share selloff look stupid

Malcolm Maiden 1:00 PM   CBA's $4.8 billion December half profit makes the massive selling of bank shares on Tuesday look rather stupid.


Are Europe's banks facing their Lehman moment?

The spirit of Lehman Brothers is looming over the market turmoil. Are investors right to be worried?

Ben Wright 11:48 AM   It hasn't been a bad year for European banks, it's been a bad decade. They have been roaring through their shareholders' cash like drunken sailors on shore leave.

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CBA seeks to calm nervous bank investors

CBA boss Ian Narev.

James Eyers 10:47 AM   Bank investors breathed a big sigh of relief on Wednesday morning as Commonwealth Bank of Australia showed there's plenty of ticker left to generate profits.

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Is this Telstra's 'Vodafail' moment?

Disconnected: Telstra has been hammered by complaints from disgruntled customers.

David Ramli 10:37 AM   Telstra is the Volvo of the telco world – you pay the extra fee because you want a service that never breaks down. But what if it does?

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Market plunge is an example of 'heard' mentality

Malcolm Maiden

Malcolm Maiden 12:16 AM   The world is not as sick as the global bank share rout suggests.

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Why we can't afford to bail out banks

Central bank policies may be making the problems worse.

Matthew Lynn 8:00 PM   Next time there's a crisis, the big banks should be allowed to fail.

Don't bet on genuine tax reform

Michael Pascoe

Michael Pascoe   It's possible that Malcolm Turnbull and Scott Morrison might have a cunning plan to unleash genuine tax reform – but you certainly wouldn't bet on it.

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Why the sharing economy needs regulation

Taxi drivers on strike stand next to their cars as they demonstrate in Paris.

Looking back on 2015, it's pretty clear this was the year the sharing economy really took off in Australia.

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What Sydney's 'war on fun' means for the tech sector

San Francisco is facing some fairly serious challenges at the moment.

Is Sydney really worse than San Francisco as both chase tech talent?

Health, education crying out for attention

Health care and social assistance is Australia's biggest industry, accounting for almost 13 per cent of all jobs.

If the tax system and industrial relations aren't high priorities on my reform agenda, what does deserve to be at the top of the list? It's obvious: health and education are crying out for attention.

Consumers are subsidising CSG industry

Michael West

After all the heartache, trenchant opposition from local communities and a towering $1.8 billion in write-downs, AGL has jettisoned its coal seam gas program.

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Ross Gittins

Less regulation, but get it right

Ross Gittins

The movie version of The Big Short is so good you probably don't need to read the best-selling book by my far-and-away favourite finance writer, Michael Lewis.

Malcolm Maiden

Turnbull's NBN is rolling according to plan – the new plan, that is

Malcolm Maiden.

On its own terms, the Turnbull government's national broadband project hits its marks in the December half.

Peter Martin

RBA dons rose-tinted glasses

Peter Martin dinkus

The Reserve Bank reckons things are on the up and up.

Forget Davos, go to the tennis

Harold Mitchell.

We are laconic and laid back. Perhaps a little too laid back for our own good.

Dick Smith float looks like window dressing

Michael West

There are plenty of questions to be answered about the failed chain's financial health when it was sold to shareholders.

Turnbull's wrong, the future isn't what it used to be

Peter Martin dinkus

What would you rather give up: the internet, or airconditioning?

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Business driving ahead despite market jitters

Michael Pascoe

What's going on in the auto showrooms reinforces a key domestic economic story over the second half of this decade.

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Heading off the looming energy crisis

Brian Robins dinkus Dinkus

South Australia has found itself at the cutting edge of the electricity industry world globally.

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Holidays are serious business

Michael Pascoe

It wasn't all bad news in the December trade statistics, but sometimes any excuse will do.

Forget GST: fix the tax system by broadening it

Malcolm Maiden

Malcolm Maiden   There is no single 'Big Fix' for Australia's tax system, however, there are a few smaller things we can do.

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Yahoo: How not to run an internet company

Yahoo's sad, slow decline can provide today's internet entrepreneurs with some valuable lessons. Where did it all go wrong?

John McDuling   It was once the go-to site on the internet. Now Yahoo is basically a laughing stock. 

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RBA does nothing, does good

Malcolm Maiden.

Malcolm Maiden   With things as they are in the global economy, watching and waiting is the right call.

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Michael Pascoe

Government spending: a AAA-rated furphy

Michael Pascoe

Michael Pascoe   Truisms about government spending are one of the biggest furphies in the tax debate that we aren't actually having.

China 'losing confidence' of global lenders

The IIF, the chief global body for the banking industry, calculates that capital outflows from China reached $US676 ...

Ambrose Evans-Pritchard   Time running out for China on capital flight, warns bank chief.

The RBA cut we're still waiting for

Michael Pascoe

Michael Pascoe   Funny thing about the next interest rate cut that the money market thinks will happen by October: it's the rate cut that's been six months away for the past nine months, a forecast that just keeps being extended.

Why Twitter struggles as Facebook and Snapchat grow

Evan Spiegel is estimated to own 13 per cent of Snapchat.

John McDuling   Facebook has it. So does Snapchat.  Uber and Atlassian as well. Even BuzzFeed. Twitter, on the other hand,  does not. 

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Big business-biased 'reform' won't fly

Ross Gittins

Ross Gittins   I'm confident this year will see the economy performing better than many people expect - those who underrate the importance of domestic influences - but I'm far from confident it will be a year of great progress on economic reform.

Astrology and numerology rule markets, ok, Julian?

Michael Pascoe

Michael Pascoe   As if the world wasn't suffering enough from various "isms", investors have been hit over the head for the past month with another one: Calendarism.

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Ross Gittins

Mining won't fall forever

Ross Gittins

Ross Gittins   At some point this year resources will stop being a drag on the rest of the economy.

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