archive-au.com » AU » B » BUSINESSSPECTATOR.COM.AU

Total: 1320

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Commodities | Business Spectator
    renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Commodities China s shock and ore at the Australian way The massive cost blowouts for CITIC Pacific s mining project in WA will remind Chinese investors of the pitfalls of being ill prepared for Australia s luxurious work conditions environmental rules and native title demands by Peter Cai 7 18am January 09 26 comments Gold set for biggest annual plunge in 30 yrs Precious metal falls for first time in 4 sessions tumbles 28 per cent over 2013 8 48am December 31 2 comments Cyclone set to boost iron ore price BHP Rio cease ship loading ahead of Tropical Cyclone Christine report 9 57am December 30 A QE flipside for gold s lost lustre With US Fed stimulus measures continuing for a while producers are unlikely to get respite from gold s price plunge soon unless QE inflated asset bubbles eventually burst by Stephen Bartholomeusz 1 21pm December 24 26 comments Coal mines could be mothballed Study finds shifting China demands may hurt coal mining sector 12 30am December 16 10 comments OPEC maintains oil output ceiling Thirty million barrels per day through 2014 organisation decides 2 02am December 05 Iran expects quick lift to oil exports Expect immediate reaction to lifting of sanctions oil minister says 3 40am December 04 RBA commodity price index lifts in November Export commodity prices still 1 9 down year on year 12 46am December 03 RBA commodity price index lifts in November Export commodity prices still 1 9 down year on year 12 46am December 03 RBA commodity price lifts in November Export commodity prices still 1 9 down year on year 12 46am December 03 Gold posts worst Nov in 35 years Prospect of reduced stimulus weighs on gold prices in November 6 25am November 30 Goldman s Aussie short game Goldman Sachs recommends cashing in on the weakening Aussie dollar which could be as low as 85 cents by late 2014 as a number one trade for the coming year by Daniel Palmer 7 23am November 27 25 comments Oil prices mixed amid Iran talks Traders focus on continued Iranian nuclear program negotiations 7 16am November 23 Oil prices rally on Iran talks Lack of deal to curb Iran s nuclear programme supports oil prices 4 58am November 22 Oil prices rise on fresh data US inventory data shows smaller stockpiles than expected 5 45am November 21 Iron ore miners see value spike Aust iron ore miners add 65bn in value so far this financial

    Original URL path: http://www.businessspectator.com.au/economy/commodities?destination=taxonomy/term/2965 (2014-01-12)
    Open archived version from archive


  • The great cash illusion | Business Spectator
    the hands of a select few Apple as an example has cash reserves of almost US147 billion while Microsoft and Google have a combined US130 billion This tells the tale of why markets cheered so wildly after receiving the latest statement from the Federal Reserve It wasn t that investors viewed the long awaited taper as a sign of recovery Instead the market moves were a sign of relief that rates would remain at record lows through until at least 2015 The federal funds rate has never been as depressed in history and yet the Fed is still so worried about the economy s ability to stand alone under normal circumstances that it can t foresee a rate rise to even 0 5 per cent or dare we say 1 per cent within the next twelve months If you look back at the previous two recessions the dotcom bust related downturn of the early 2000s and the early 90s slump the Fed never pushed the federal funds rate below 1 per cent and within 18 months of the low being hit the Fed had begun to push rates back up In the wake of the Global Financial Crisis not only have rates plumbed record low depths of 0 to 0 25 per cent but they have stayed there for five years with no end in sight The term unprecedented doesn t do it justice Companies still can t be sure how solid the recovery in the US really is given the level of stimulus in the form of low interest rates and a Fed asset purchase program that remains significant even with a modest US10 billion per month tapering So when we ponder why all that cash is sitting on the sidelines two things should be at the forefront of any conversation firstly part of it is an illusion and secondly companies simply aren t confident in the future Should however predictions of a flood of cash entering the economy come true it would likely lead to soaring inflation and a rapid rates response from the Fed And then we really would be in trouble Print this page More from Daniel Palmer 10 Jan DataRoom AM Unclogging Clydesdale 09 Jan DataRoom AM Juicy deals 08 Jan Will Twitter s founder strike social gold twice 08 Jan DataRoom AM Warrnambool wildcard 07 Jan DataRoom AM Private post Related articles 10 Jan Fed s Yellen expects 3 growth 09 Jan ECB holds rates at 0 25 09 Jan BoE keeps rates steady 09 Jan ORIGINAL TEXT Fed minutes 09 Jan Fed taper due to jobs growth minutes More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Arthur Itis Fri 2014 01 03 09 28 Are we allowed to talk sense here Interest rates are supposed to stay low indefinitely just as they were to remain in the high teens during the early 90s As you said big illusions of wealth show a picture that differs massively from the truth The tide s been in for a long time now and it will catch out the unprepared when it goes back out as it s always done before Mark Welch Fri 2014 01 03 10 29 I agree with Arthur I have read 100 times that big and medium US corporates are full of cash and initially and naively assumed it was their own But it s just cheap debt they took on as insurance when rates were low and they still have it Well if it s OK for them to leave their borrowings sitting in the bank the cautious private investor leaving HIS OWN in the the bank is in good company We can all enumerate the reasons that a world economies will gradually follow the US and pick up in a stable fashion if you believe the US recovery is stable pay down debt agree on what needs agreed so things will get steadily better although sadly we all know that rise in the REAL ECONOMY and rise in STOCKS have virtually random connection and buy the prospect sell the fact is so often the right mindset On the other siode of the page we can all enumerate the reasons that b things will unravel China s spectacular internal debt the Fed s mammoth debt Bernanke is the world s biggest bond punter but an unusual one he deliberately and still loads up with bonds at a low coupon is leveraged 1000 1 so will be insolvent when rates inevitably rise and will Yellen turn out to be a 5ft tall Volcker etc And in November a major US stock bear Hendry finally throws in the towel and declares that stocks are the go even as he concedes that crashing is the least of my concerns I cannot risk my reputation He knows well Keynes line that the worst thing for a pro is to be wrong on his own Well with no reputation to lose I fear a crash and will act accordingly So many indicators are flashing red There is much rational non panicky calm and cool reason to believe that risk in the S P at 1800 is HIGH and getting out is a smarter idea than getting in despite the inevtiable extrapoltor thinking that stocks are tipped to rise in 2014 My old man used to say Don t be greedy leave something in it for the next guy Markets need greedy next guys Stephen Nordstrom Fri 2014 01 03 11 29 Good common sense analysis by Spectator Palmer but even better comment from Mark Welch Colin Barsby Fri 2014 01 03 20 20 The Bears will have their Day only when is not clear Ken not available Fri 2014 01 03 13 39 OK whats the difference between cash and debt The article explains that it is

    Original URL path: http://www.businessspectator.com.au/article/2014/1/3/interest-rates/great-cash-illusion (2014-01-12)
    Open archived version from archive

  • US Fed Reserve announces 'modest' taper | Business Spectator
    a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter The United States Federal Open Market Committee FOMC has wrapped up a two day policy meeting saying it felt the economy had gathered enough momentum to handle a modest 10 billion reduction in economic stimulus It did however keep the federal funds rate steady at between zero and 0 25 per cent In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions the committee decided to modestly reduce the pace of its asset purchases the Fed said in a statement From January the Federal Reserve will cut back its quantitative easing program from US85 billion a month to US75 billion a month Beginning in January the committee will add to its holdings of agency mortgage backed securities at a pace of US35 billion per month rather than US40 billion per month and will add to its holdings of longer term Treasury securities at a pace of US40 billion per month rather than US45 billion per month the statement said The central bank said further reductions to the program could be expected though there was no preset course with the rate of inflation and the strength of the labour market to dictate the pace of the pullback If incoming information broadly supports the committee s expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer run objective the committee will likely reduce the pace of asset purchases in further measured steps at future meetings the FOMC said The low target range for the federal funds rate of 0 to 0 25 per cent will however remain unchanged in the near term The committee also reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to 0 25 per cent will be appropriate at least as long as the unemployment rate remains above 6 5 per cent inflation between one and two years ahead is projected to be no more than a half percentage point above the committee s 2 per cent longer run goal and longer term inflation expectations continue to be well anchored the statement said Inflation is currently at 1 2 per cent and unemployment is at 7 per cent Bernanke says recovery not complete In a press conference after the statement was released Fed chairman Ben Bernanke said the recovery was far from complete showing particular concern over inflation Inflation is not expected by the FOMC to hit 2 per cent until the end of 2015 though unemployment could be within the target for rate hikes by the end of next year As it stands

    Original URL path: http://www.businessspectator.com.au/news/2013/12/19/us-economy/us-fed-reserve-announces-modest-taper (2014-01-12)
    Open archived version from archive

  • ANZ leaves rates on hold | Business Spectator
    precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu ANZ leaves rates on hold 13 Dec 2013 2 30 PM Industries Financial Services Economy Interest Rates Lender leaves standard variable home loan rate unchanged in December You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP Australia and New Zealand Banking Group Ltd will no longer review the interest rates on its small business loans every month as it does with its mortgage rates The bank left its standard variable home loan rate unchanged at 5 88 per cent in its December review in line with the Reserve Bank s decision earlier this month to leave the cash rate unchanged Business loan rates were also left unchanged They will no longer be reviewed each month the bank said Instead they will be reviewed as part of the bank s separate review process for corporate and commercial customers ANZ began holding monthly rate reviews on the second Friday of each month in January 2012 in an effort to provide more transparency of its rate setting practices Its next home loan rate review will be in February following the RBA s next board meeting Print this page Related articles 10 Jan Fed s Yellen expects 3 growth 09 Jan ECB holds rates at 0 25 09 Jan BoE keeps rates steady 09

    Original URL path: http://www.businessspectator.com.au/news/2013/12/13/interest-rates/anz-leaves-rates-hold (2014-01-12)
    Open archived version from archive

  • More than high dollar to blame for Holden exit: Stevens | Business Spectator
    from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Bruce 55 Fri 2013 12 13 05 06 Its a very sad thing for Australia that it took Mr Stevens 2 years to work this out Only recently he gave speeches patting the RBA on the back for the high AUD Adam Fri 2013 12 13 07 46 It didn t take him 2 years to figure it out What happened was china put in a massive stimulus that bought minerals and increased inflation When you take the china effect away you ll find aus is just like everywhere else prob a little worse because others have already been through tough times More and more it has always been ie no recession about this massive china splurge not Rudd swan gillard that so many falsely try to claim The downturn was being baked in when those clowns were in office and under abbott it will probably get worse Bruce 55 Sat 2013 12 14 19 38 Sorry Adam you are letting Mr Stevens off lightly Sure the RBA has little control over the value of the AUD but I d have a lot more faith in a Governor of the RBA if he knew what harm was being caused backed 2 years ago when we got ahead of parity Adam this is not urban myth Mr Stevens really did make speeches back then taking credit for the AUD being so high David Dunks Fri 2013 12 13 08 15 Exactly A blind monkey could of seen that a high Aussie dollar was going to be a short term gain causes long term pain scenario and that the high dollar was going to hollow out industries all over Australia causing a massive increase in unemployment Glenn Stevens didn t care one iota and celebrated the high Aussie and helped the 1 ers with all the wealth expand their control and profits at the expense of the long term stability of jobs for the majority Now that the 1 ers have their position consolidated and the banks have everyone else in debt stress Glenn can be proud of having accomplished his primary job which is keeping the plebs too worried about their future mortgage debt payments to ever put up a fight against what is obvious to any intelligent person to be a massively unfair system Now his concern only comes in because he s worried the system will push too far and result in collapse Too late Glenn when the next world recession hits commodities will fall precipitously as they always do and we will be in a LOT worse position than in the 1990 s recession we had to have What the f do we pay these people for again Pat lastName Fri 2013 12 13 16 17 Remember that the Reserve Bank got

    Original URL path: http://www.businessspectator.com.au/news/2013/12/13/australian-news/more-high-dollar-blame-holden-exit-stevens (2014-01-12)
    Open archived version from archive

  • Eurozone rates decoupled: ECB | Business Spectator
    Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Eurozone rates decoupled ECB 11 Dec 2013 1 30 AM Economy Global News European Crisis Interest Rates Central bank says decoupling from US allows time to decide next move You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AFP The monetary policy pursued by the European Central Bank has allowed eurozone interest rates to be decoupled from those elsewhere notably in the United States a top ECB official says This year we cut interest rates twice and where we formulated our forward guidance ECB executive board member Benoit Coeure told journalists It is consistent with our strategy objectives and in addition to our communication and it has worked by decoupling the interest rate for example from the US It s not a 100 per cent decoupling but it was not the aim Coeure said The US Federal Reserve has made clear its intention to taper or start gradually phasing out some of its anti crisis measures The prospect has spooked investors in Europe that the ECB might also begin to reverse its ultra loose monetary policy stance which has fed into eurozone interest rates in general Quizzed about the ECB s next possible moves Coeure reiterated that the central bank has a bit of time to consider options Asked whether it might embark on so called quantitative easing or the purchase of assets he replied we can use it under the ECB s own treaty but I don t see inflation prospects requiring that at present Eurozone inflation is very low at 0 9 per cent and far short of the ECB s target of close to but under 2 0 per

    Original URL path: http://www.businessspectator.com.au/news/2013/12/11/european-crisis/eurozone-rates-decoupled-ecb (2014-01-12)
    Open archived version from archive

  • BoE, ECB leave rates on hold | Business Spectator
    5 Dec 2013 11 53 PM Economy Interest Rates European British central bank decisions in line with expectations You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Dow Jones Newswires with a staff reporter The Bank of England and European Central Bank have left their benchmark interest rates unchanged amid signs of an accelerating recovery in the UK and a stuttering one in the eurozone The UK central bank s rate setting Monetary Policy Committee said it left its benchmark rate at 0 5 per cent and the size of its bond buying stimulus program unchanged at 375 billion 614 billion following officials two day policy meeting The decision wasn t a surprise Sterling and UK government bonds were broadly unchanged following the committee s announcement The BOE doesn t usually issue a statement when the MPC leaves policy unchanged BOE Governor Mark Carney signalled in November that officials were content to leave policy on hold to support growth and put jobless Britons back to work as long as inflation remains subdued The European Central Bank meanwhile left rates alone one month after surprising markets with a rate cut against a backdrop of alarmingly low levels of inflation in the currency bloc The central bank left its key interest rate the one that it charges commercial banks for its regular loans at a record low of 0 25 per cent It also left the rate it pays on overnight deposits at zero refraining from a decision to charge banks for briefly parking funds at the central bank ECB President Mario Draghi is likely to reassert the central bank s forward guidance or pledge to keep interest rates at current or lower levels for an extended period of time Most analysts expect the ECB to keep interest rates at very low levels for some time to come or even ease policy further as inflation in the currency bloc remains weak and economic growth anemic The most recent data put annual inflation in the euro zone at 0 9 per cent and annualised gross domestic product growth was just 0 4 per cent last quarter well below the rates seen in the US UK and Japan The ECB targets a medium term inflation rate of just below 2 per cent The ECB will also release its quarterly staff forecasts which should include an inflation outlook for 2015 Carsten Brzeski an economist at ING wrote ahead of the meeting that if the ECB were to forecast an inflation rate of below 1 4 per cent in two years it would provide new arguments for additional ECB action Observers will listen for clues on additional

    Original URL path: http://www.businessspectator.com.au/news/2013/12/5/interest-rates/boe-ecb-leave-rates-hold (2014-01-12)
    Open archived version from archive

  • RBA caution to cushion a Fed fallout | Business Spectator
    s taper The Fed s taper is the game changer right now Sort that out and a lot of the uncertainty goes away The outlook will suddenly be much brighter for the Australian non mining sector and the broader economy Not since the days of a fixed currency regime has Australian monetary policy been held hostage by the whims of another central bank Certainly Australian policy is often affected by foreign central banks we are of course a small economy by global standards but never to this degree Never has a single decision by a central bank had such significant consequences for the RBA The next move the RBA makes will depend to a great extent on when the Fed chooses to taper but who knows when that will be The RBA certainly doesn t and market sentiment seems to change by the day For all the Fed talk about forward guidance we still remain in the dark and policy makers do too So why is the RBA not doing more Why wait on the Fed to make up its mind To understand the RBA s decision making requires an understanding of the self imposed restrictions that the RBA uses to set interest rates The RBA sets several restrictions on its behaviour which are not written down anywhere but help guide monetary policy These restrictions make it more difficult for the RBA to make decisions during periods of great uncertainty First we need to recognise that the RBA does not want to change policy frequently The theory behind this is that it allows the RBA to communicate its intentions more effectively helping market participants shape their expectations Second central banks hate the prospect of quickly reversing a policy decision If the RBA has to regularly reverse policy moves then it is an acknowledgement that they stuffed up From their perspective this needs to be avoided at all costs Finally we know that forecasting the economy is difficult in fact there is ample evidence that the RBA cannot forecast the economy with anything near the accuracy required to be certain of policy moves Why guesswork has a place at the RBA November 2012 From an economic perspective we are dealing with an uncertain environment and growth forecasts that are often not worth the paper they are printed on or the bandwidth used to view them From a policy perspective we have a Reserve Bank that is terrified any move made right now might need to be reversed It is hardly a surprise that it is in wait and see mode That won t change until the Fed s intentions become clearer Right now the economy is weak enough to justify another cut but if the taper begins soon then that cut may not be necessary Similarly the RBA could raise rates on taper expectations but then find it needs to reverse the decision if the Fed delays the taper At the moment the RBA may only have to wait a couple of months for the Fed s taper But if the Fed strings markets along and does not provide any clear indication of its intentions then the RBA could quite realistically be left paralysed remaining hostage to the Fed and without any clear policy direction Print this page More from Callam Pickering 10 Jan Dwelling on housing growth is misguided 10 Jan The ECB is failing to do whatever it takes 09 Jan A fast to follow the spending binge 09 Jan Tinker taper the Fed s cautious path 31 Dec Bursting Bitcoin s bubble Related articles 31 Dec Private sector credit rises in November 18 Dec The RBA s steely infrastructure warning 18 Dec RBA still open to dollar intervention 17 Dec RBA repeats warning on high dollar 17 Dec Liquidity rules to hit bank customers More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Bruce 55 Thu 2013 12 05 14 12 Why do we make such hard work of something that is so obvious and so simple to put right Could it be that in truth the one trick pony that is the RBA is really a no trick pony Up until 12 18 months ago Mr Stevens made mother hood speeches patting itself on the back for the high value of our AUD Then in a backflip it decides that no the high AUD is not a good thing so they start cutting our cash rate and kept cutting and kept cutting and for the first 5 or 8 cuts how much did the AUD come down answer IT WENT UP So not only did our one trick pony not know its trick they didn t know how to perform that trick once it was explained to them They are a joke and need to be wound up or get them to start doing something constructive Yes a lower AUD will be a good thing and No we don t get any stimulation out of further cuts to the cash rate Direct intervention in our exchange rate and no more rate cuts is the simple clear way forward And as for trying to talk the AUD down or waiting for the US to Taper how pathetic to even suggest that as workable strategy Iggy Noranzisblis Thu 2013 12 05 14 21 callam you continue to assert that fed tapering is not only possible but likely over the next couple of months on what basis please what objective do you think QE is actually targeted at based on that what makes you think that in a few months that objective will be either fully or partially satisfied I am perpetually astounded in the confidence level of retail economists and reporter observers in the competence of central bankers Geoff Croker Thu 2013 12 05 14 38 Commodity prices are falling Volumes

    Original URL path: http://www.businessspectator.com.au/article/2013/12/5/reserve-bank-australia/rba-caution-cushion-fed-fallout (2014-01-12)
    Open archived version from archive