Beat the IPO market at its own game
Amid a global IPO boom, investors can see floats as a do-or-die affair. They either join the dogfight and jostle for scraps in high-quality offers, or avoid them. Retail investors who complained about missing out on stock in star floats – such as Virtus Health, Vocation, Veda Group and National Storage REIT – or had their allocation slashed could have bought as much stock as they wanted after listing and still enjoyed strong gains.
RBA warns banks over home loans
A senior official at the Reserve Bank has warned banks they may be forced hold more capital against their home-loans, potentially driving up the cost for borrowers.
Ian Narev’s big test
During his two-and-a-half years as chief executive of the Commonwealth Bank of Australia, Ian Narev has been standing on a mountain top as the rest of corporate Australia looks up with envy.
Clive Palmer’s fight with China’s Citic could be his last
Never one to shy away from conflict in business or in government, analysts believe Clive Palmer may have bitten off more than he can chew in his clash with China’s Citic Group.
BHP man focuses on big picture for iron ore
Jimmy Wilson, the head of BHP Billiton iron ore, is a man with a 100-year plan. And he runs the $23 billion division with that long-term vision firmly front of mind.
Caymans arrest threat hangs over ATO
Australian Taxation Office officers and three counsel acting for the government agency could be arrested if they travel to Cayman Islands, according to advice given to a Federal Court judge.
Tony Abbott and his fading $25 billion sales pitch
Outside the Senate on Friday morning, Palmer United Party Senator Dio Wang found himself being grilled over the big issue. Did he, too, think Tony Abbott was a psychopath?
FoFA backflips land us with a contradictory system
The Coalition’s efforts to unwind Labor’s Future of Financial Advice laws have landed it in an awful political mess and bequeathed us a conflicted, contradictory and complex financial system.
Moroccan exploration stake to bolster Woodside
Oil and gas producer Woodside Petroleum has bought a stake in exploration permits in Morocco in a move which may appease investors concerned over its long-term growth prospects outside Australia.
Meet Greenhill’s Michelle Jablko: Solomon Lew’s secret weapon
Michelle Jablko is not quite what you’d expect from the corporate strategist spearheading Solly Lew’s audacious David Jones play.
Contradictory empire of Amazon’s Bezos
Amazon’s founder and chief, Jeff Bezos is at once a visionary, innovator, and destroyer.
Life’s a ball for a World Cup fan
Uruguay’s biting centre-forward aside, there’s a whole menu of magic and mayhem to sink your teeth into at Brazil’s biggest party.
Moelis shows Global Wealth Partners to investors
Global Wealth Partners is looking to raise as much as $300 million with the help of corporate advisory boutique Moelis & Company.
Le Tour closer than Sydney cyclists realise
The Tour de France starts this weekend and Australian businesses like Athlete Lab are putting a modern spin on traditional cycling.
What’s under your colleague’s suit?
Precision pouch. The waist eliminator. The Saxx package separator. Women are no longer the only ones wearing body-shaping underwear.
Going crazy for the Tour de France
Staying up late is one thing, but hardcore fans of le Tour spend a month in France at this time of year.
Where to buy your chalet
Sales of alpine properties from Australia to Switzerland have risen as buyers seek a resort lifestyle in the snow.
Apple’s iWatch to get voice messaging?
The iWatch, if it exists, may well come with Apple’s new voice messaging software, which definitely does exist.
Don’t miss the new industrial revolution
Byron Wien | Investors underestimate the significance of a new industrial revolution based on innovation.
Rich investors back sports tech buyout
Melbourne technology firm Catapult Sports has raised $6 million to clinch a deal to buy its biggest rival, GP Sports.
Lambie attacks Abbott’s ‘parading’ of daughters
Palmer United senator-elect Jacqui Lambie has accused Prime Minister Tony Abbott of exposing his daughters to danger.
Kyrgios' Wimbledon fairytale ends
Nick Kyrgios' time may come at Wimbledon but it won't be this year after Canadian Milos Raonic ended his dream run.
David Gyngell’s chariot of fire
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Rear Window | Nothing stays secret for long in Nine’s Willoughby car park. The media company’s biffing boss David Gyngell has gleaming new wheels.
National
RBA warns banks over home loans
A senior official at the Reserve Bank has warned banks they may be forced hold more capital against their home-loans, potentially driving up the cost for borrowers.
- Turnbull warns ABC panel appointees against political bias
- Tony Abbott and his fading $25 billion sales pitch
- Toll’s alleged spying called ‘disgusting’
- Caymans arrest threat hangs over ATO
- Lower RET target would hit superannuation funds
- Australia needs more disability ‘champions’ in business
- Greg Hunt rejects Ross Garnaut’s call for ETS
- Coalition slams CBA scandal response
- Metgasco sues NSW for capitulating to protestors
Interactive quiz | Stocks, ‘masterly inaction’ and Wimbledon
Test how much you know about the ASX’s 2014 performance, who intervenes by doing nothing and what Wimbledon winners earn in our (mostly) serious interactive quiz.
Opinion
Malcolm in the middle of Pacific suspicions
As a country that tends to outsource its foreign policy we now find ourselves, as Ulysses McGill liked to say, “in a tight spot”.
Behind Glenn Stevens’s jawboning on the $A
Is it a case of second time lucky? The RBA governor observed the dollar was overvalued “and not just by a few cents”, which sent the currency tumbling.
It’s the levellers who threaten prosperity of us all
Graham Young | It’s not Joe Hockey’s “leaners” Australians need to fear, it’s the new breed of economic “levellers” who believe that to make an economy work better you just need to dial down levels of inequality.
World
Nonfarm US payrolls increase by 288,000 in June
US employment growth jumped in June and the jobless rate closed in on a six-year low, decisive evidence the economy was moving forward at a brisk clip after a slow start to the year.
- With detention of Sarkozy, France laments presidency’s faded grandeur
- Germany introduces minimum wage
- Kurdish leader urges independence referendum
- Online disruptions seen linked to Hong Kong protests
- Iraqi forces push militants in bid to retake Tikrit
- ECB bets on rising prices, sees downside risks
- Malcolm Turnbull in the middle of Pacific suspicions
- Ackman's Pershing Square fund surges 25pc
- Sarkozy hits back at corruption charges
Dubai’s dark side: a woman’s story of oppression
Social values Beneath the glitzy Westernised veneer that Dubai presents to tourists and business people is a dark side of slavery and sexual oppression.
Business
BHP man focuses on big picture for iron ore
Jimmy Wilson, the head of BHP Billiton iron ore, is a man with a 100-year plan. And he runs the $23 billion division with that long-term vision firmly front of mind.
- Ian Narev’s big test
- Moroccan exploration stake to bolster Woodside
- ASIC should butt out of DJs deal: Investors
- Singapore Airlines chief joins Virgin board
- Metgasco sues NSW for capitulating to protestors
- BHP expects iron ore price ‘decline over time’
- Macquarie Telecom drags Telstra to ACCC
- CBA to review a decade of advice
- Tiger Airways’ claws out for Sydney Airport
Entities get new guidance for analyst forecasts
Recent controversy on resetting analyst expectations has been an accident waiting to happen since at least May of last year. And, probably since much earlier than that.
Technology
Bitcoin start-up calls for regulatory guidance
Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful US auction of bitcoins was seen as a sign of their broadening appeal.
- Australia behind UK in teaching kids start up skills
- Quickflix appoints former Fox exec to board
- Google reverses decision to delete Guardian articles under ‘right to be forgotten’
- Aussie start-up takes on Skype with ASX debut
- Telstra $2b buyback a good call, analysts say
- Macquarie Telecom drags Telstra to ACCC
- Rackspace ‘bid’ makes no sense
- Goldman fears ‘massive’ privacy breach over misdirected email
- Looking on the bright side of Facebook’s mood manipulation
Apple’s iWatch to get voice messaging?
The iWatch, if it exists, may well come with Apple’s new voice messaging software, which definitely does exist.
Markets
US, China growth lifts shares to post solid start for FY15
Australian shares started the new financial year with their biggest weekly rise since February, after Friday marked the first time the market had posted a three-day winning streak since May.
- $A defies jawboning with further rebound expected
- BHP expects iron ore price ‘decline over time’
- Dow, S&P; 500 rise to records in shortened session
- ECB bets on rising prices, sees downside risks
- US economy shifts into a higher gear
- Fears of a Wall Street sell-off overdone: Perpetual
- Rising US payrolls prompts rethink on rate outlook
- Local funds ignore disclosures about dark pools
How long can the Dow keep climbing for?
Philip Baker | Not only is the US stock market flying higher than it ever has, it is also flying fast. But there is a suspicion that a correction is coming.
Personal finance
Tips for getting a pay rise now
The new financial year is the perfect time to ask for a pay rise but you need to be strategic about it, writes recruitment veteran Steve Shepherd.
- Millionaires’ five big investing mistakes
- Super funds set for another double-digit year
- Consumers will vote on Cormann’s reforms with their feet
- How hot is your suburb?
- Hold or fold: the end-of-mortgage dilemma
- Thermomix a recipe for writing success
- Buy shares now, sell to SMSFs later
- How to restart your finances at 60
- Saving tips for the young and the reckless
Three pitfalls of free travel insurance
If you want to use the free comprehensive travel insurance that may be offered by your credit card, check three things first: how much of the trip you’ve got to pay with the card; the excess payable on a claim; and who is covered.
Lifestyle
Definition of cool: a private chef
Securing a name restaurant chef to cook for you at home is challenging, but definitely worth it.
BMW 435i convertible will flip your lid
Midwinter driving with the top down is a breeze: there is a wind deflector, air collars and rollover protection.
Paris menswear plays with the categories
Next season’s trends, unveiled in a cascade of light and sound, include elegant sportswear and softened masculinity.
Off the cobblestones in Prague
The Czech capital is changing: even locals haven’t heard of all the new art galleries, bars and neighbourhoods.
Latest TV
RBA’s Stevens talks down ‘overvalued’ dollar
RBA’s Stevens declared the dollar overvalued by more than “just a few cents”, which hoses down expectations that the next interest rate move will be up.
Telstra $2b buyback a good call, analysts say
Will Telstra buy back billions of dollars of its own shares from the mums, dads and institutional investors that now own one of Australia’s biggest companies?
Record highs for markets
The Dow Jones rocketed through 17,000 closing level for the very first time, showing just how far the US market has come since the GFC.
Narev vows independent review of CBA financial advice
CBA CEO Ian Narev has announced an independent review of all financial advice provided by subsidiaries going back a decade.
