NBN delays fibre-to-basement service
NBN Co has delayed the launch of its fibre-to-the-basement internet service by up to five months. It the meantime it will continue to connect premises using the fibre-to-the-premise technology favoured by Labor. The delay comes as the NBN faces growing competition from rival networks, principally TPG Telecom, which is rolling out its fibre-to-the-basement service.
Australand, Frasers enter takeover agreement
--U70272634101kzC-434x314_7_0_279225992--180x120.jpg)
The Singapore-listed Frasers Centrepoint has taken the next step in the take-over of the $2.5 billion Australand Property Group.
David Paradice hands $800m back to clients
Australia’s most prominent small caps Australian equities funds manager has made a decision to return in excess of $800 million of client funds in an attempt to stave off future underperformance.
Jan Cameron’s retail empire collapses again
Updated | The retail empire of former BRW Rich Lister Jan Cameron, the founder of outdoor clothing chain Kathmandu, has collapsed for the second time in less than two years.
$A inches closer to ‘resistance point’ of US94.65¢
The Australian dollar soared to an intraday high of US94.58¢ after the Reserve Bank of Australia kept the cash rate on hold and Chinese PMI data suggested improved activity in China’s factories in June.
Coles admits it ‘warned’ suppliers
Supermarket chain Coles has admitted to warning, but not threatening, suppliers it would refuse to stock new products and would withhold information on sales forecasts unless they agreed to pay extra.
French ex-president Nicolas Sarkozy held for questioning
Former French President Nicolas Sarkozy was being held on Tuesday in Paris for questioning, following detainment of his lawyer, over suspected influence-peddling, a legal source has said.
Banks are super-sizing RBA rate cuts
Banks are expanding their net interest margins by cutting term deposit rates more than they are lowering home loan rates, new analysis shows.
Banks lower in slow start for shares
Confirmation that record low interest rates remain on hold and improving manufacturing data out of China was not enough to prevent the local market starting the new financial year with a whimper.
Telstra, NBN Co face off over $200m bill dispute
Telstra is suing NBN Co in the NSW Supreme Court over an $11 billion deal both parties signed in 2011, a battle that could be the most expensive case of telecommunications bill shock Australia has seen.
Blackstone launches its first hedge fund
Blackstone Group, already the largest investor in hedge funds, is signing on a team of three traders for the first such fund that it will manage directly, worth about $US500 million.
Monitor facelift proves pixel perfect
I made a small but, as it has proved, crucial mistake on the day I set aside to perform this week’s review. I left my reading glasses at home.
Ikea opens first city store for urbanites
Ikea traditionally got shoppers to drive to the outskirts of cities to buy home furnishings; now residents in Hamburg can walk from their office.
Goldman reiterates ‘buy’ on Wesfarmers
--90x60.jpg)
Goldman Sachs has reiterated its “buy” on Wesfarmers after it completed the sale of its $1.85 billion insurance underwriting operations.
University of Sydney receives $10.4m gift
The University of Sydney has received a $10.4 million cash donation from one of its own, Professor Brian Trudinger.
Alibaba struggles with smartphones
As China’s 618 million internet users move to mobile devices, the country’s largest e-commerce player is struggling to deal with the lower profit margins.
Protect your smartphone from your boss
Employees can lose out when they use their own smartphone, tablet or notebook at work.
Tom Harley wins more friends
--90x60.jpg)
Rear Window | The re-election of federal Liberal vice president Tom Harley has surprised everyone – probably even himself! But don’t expect Abbott to accept defeat.
ACCC takes Spreets to court
The ACCC is taking the Yahoo-owned group buying website Spreets to the Federal Court, alleging misleading conduct.
Netflix delays Australian roll-out
A long-rumoured move by US online streaming giant Netflix to dominate the Australian market appears to have been delayed.
Card PIN change ‘like Y2K’ for pubs
Pubs and restaurants fear they will be left high and dry when signatures will no longer be allowed on credit card transactions.
SBS World Cup coverage hijacked by pirates
FIFA and broadcaster SBS are seeking details about pirate broadcasters of the World Cup, who are undermining their exclusive deal.
Alan Jones pops an airport angry pill
Rear Window | It does seem strange to us that Sydney radio host Alan Jones is boring his listeners with rants about a western Brisbane airport.
Tennis sensation Kyrgios bucks the odds
Standing at 1.93 metres, Australia’s latest tennis star Nick Kyrgios has taken his career to new heights.
National
RBA keeps rates on hold at 2.5pc
Updated | The Reserve Bank of Australia kept the official cash rate at a record-low for a 10th straight meeting to support an economy still struggling to shake off weak household sentiment.
- Victoria wins $85m appeal against Tatts, Tabcorp
- House price growth set to taper in year ahead
- Budget sales job failing, says Malcolm Turnbull
- ‘We’ve spent it all, plus a bit’: Richard Court
- WA royalty review under fire
- Greste release unlikely before September
- No escape from budget blues for Coalition
- No price rises for aluminium under RET
WA wine sector push to double exports
The West Australian wine industry will aim to double its exports to $100 million by 2017 despite a recent decline in both state and national exports.
Opinion
Gold caught between the bulls and the bears
Derivative traders are continuing to watch gold with commentators tipping that any movement this week is likely to be sideways.
Decline in science students a danger to economy
Australia’s business community is looking on with concern at the sharply declining participation rates in the so-called STEM disciplines.
Time for CBA’s Narev to take the lead
Chanticleer | It will be a gutsy move but Commonwealth Bank of Australia chief executive Ian Narev can this week take a leadership position in financial advice.
World
China manufacturing gauge jumps to six-month high
China’s giant manufacturing sector has posted its best performance this year, raising hopes the world’s second biggest economy can ride out weakness in the property market and continue growing strongly.
- French ex-president Nicolas Sarkozy held for questioning
- Japan’s ruling parties to allow military to defend allies
- For Iraq, potential leader with a tarnished past
- BNP pleads guilty, to forfeit $US9b in sanctions case
- Nonfarm payrolls seen advancing 212,000 in June
- Towns can ban fracking: New York state court
- Bodies of missing Israeli teenagers believed found
- GM sets $US1m minimum payout in switch case
Summer, sports and strategies for avoiding work
Lucy Kellaway | At some times of the year work feels more of a chore than at others. This is one of those times. It is summer. Wimbledon is on. So is the World Cup.
Business
Transpacific refinances $400m debt
Waste handler Transpacific Industries will take an $18 million charge associated with its debt refinancing in the wake of the $NZ950 million sale of its New Zealand Waste business.
- Coles admits it ‘warned’ suppliers
- Telstra, NBN Co face off over $200m bill dispute
- Kathmandu founder Jan Cameron’s retail empire collapses again
- Macquarie loan book jumps on mortgage growth
- Moelis rates ‘dominant’ iSentia a ‘buy’
- How your stocks performed this year
- Computershare forecasts $US40m write-down
- Carsales buys major stake in finance group Stratton
Midcaps in sights as bankers back M&A to stay strong
Investment bankers are tipping merger and acquisition activity will stay strong through to the end of the calendar year, with midcap deal making coming to the fore.
Technology
NBN Co delays fibre-to-the-basement service
NBN Co has delayed the launch of its fibre-to-the-basement internet service by up to five months. It the meantime it will continue to connect premises using the fibre-to-the-premise technology favoured by Labor.
- Superpartners pulls the plug on botched IT project
- Apple under pressure to deliver phablet as Android pulls away
- Alibaba struggles to make money from smartphones
- Microsoft battles cyber attacks from Kuwait
- Proposed ASIO spying laws threaten bystander privacy
- Broader scrutiny of NBN closer to reality
- TPG Telecom dragged chain in supply of information: ACCC
- Ready for the brave new e-world of wearable tech
Nokia reveals Lumia 930, its best ever Windows phone
The former Finnish phonemaker has announced its first flagship phone since being acquired by Microsoft, and by the looks of it it’s the best Windows phone yet
Markets
Banks lower in slow start for shares
Confirmation that record low interest rates remain on hold and improving manufacturing data out of China was not enough to prevent the local market starting the new financial year with a whimper.
- $A inches closer to ‘resistance point’ of US94.65¢
- Low interest rates fuel market bull run
- S&P; 500, Nasdaq rise for sixth straight quarter
- Copper closes above $US7000 a tonne on China bets
- Emerging bond sales surge through $US260b mark
- Gold caught between the bulls and the bears
- Libor antitrust lawsuit gets fresh day in court
- European shares steady, rise for fourth quarter in row
Oil and gas set for growth spurt
The oil and gas sector will continue to grow and the humble video store is heading to oblivion, according to a report into which industries will sink and swim over the next five years.
Personal finance
Millionaires’ five big investing mistakes
Even the super-wealthy make simple errors of judgment when it comes to their investments. Here’s a handful of common mistakes that are well worth avoiding.
Rezoning could make your house a developer magnet
The next knock on your door could be an unsolicited offer to buy your house. Armed with a friendly smile, the unexpected visitor may tell you they’re thinking of moving into the area.
Lifestyle
Hot ideas for restaurants in a winter slump
Innovative chefs are working hard to warm you up during a traditionally tough season for restaurants.
London menswear: from punk to pedigree
The Brit capital showcases a rich melting pot of mens’ fashion, infused with hip-hop, sport and out-there experiments.
Best hotels, bars and dining in London’s city
New buildings compete for the mantle of most dazzling – and in some cases, most gauche – in the historical CIty of London.
Aspen in summer
Colorado out of winter is alive with culture and wildlife, every bit as breathtaking as its steep slopes and famous ski scene.
Latest TV
House price growth set to taper
House price growth broke the double-digit barrier at the end of the financial year at just over 10 per cent, bolstered by strong results for Sydney and Melbourne.
Review: Samsung’s 4K computer monitor
The Samsung 4K computer monitor offers four times the resolution of your standard monitor, but lacks ergonomic adjustability.
Turnbull's unplugged digs at tax concessions
Communications Minister Malcolm Turnbull has riffed on a range of topics with Financial Review editor-in-chief Michael Stutchbury.
CBA could help lift fınancıal planner standards
Commonwealth Bank CEO Ian Narev has an opportunity to help lift the standard of financial planners in Australia, starting with requiring a university degree.
