Today's News & Views

 

The Block's heritage challenge

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12:31 AM   Contestants in the next season's The Block will be converting a former soap and candle factory into a home.

Dollar market excited over old news

Malcolm Maiden

Malcolm Maiden 12:15 AM   Another day, another Aussie-dollar move of minimal meaning. The currency rallied more than half a cent on Tuesday after the minutes of the Reserve Bank's rate-cutting meeting on May 3 came out.

Adele Ferguson

Alleged forger's victims kept waiting

Adele Ferguson

Adele Ferguson 12:00 AM   Clients of this former Commonwealth Bank planner have battled for years.

BHP dividend expectations improve

Credit Suisse has increased its dividend expectations for BHP by 10.8 per cent this year and 14.4 per cent for 2017.

Tess Ingram 11:43 PM   BHP Billiton's plan to continue to push down production costs could boost its dividend by more than 10 per cent, says Credit Suisse.

Billions could go ahead of treasurers' debate

Iron ore's price has slid $US10 a tonne since the budget was prepared.

Peter Martin 11:00 PM   A sharply lower iron ore price is expected to wipe billions of dollars from budget projections forcing both sides of politics to rein in promises when the official pre-election economic update is released on Friday.

Investor snaps up 14 Docklands offices in a row for $3.81m

Waterfront City, in Docklands.

12:15 AM   Melbourne-based investor JAK Investment Group has paid $3.81 million for 14 office suites at 425 Docklands Drive in a deal negotiated by Lemon Baxter's Paul O'Sullivan.

Adani: Carmichael mine viable, despite coal slump

The site of Adani's Carmichael coal mine project.

Matt Wade 10:32 PM   Adani mining chief defends Carmichael mine but says coal is only a small part of the company's activities

'Playtime': How ANZ traders moved the markets

ASIC filed its case against against ANZ on March 4 this year.

Jonathan Shapiro, Jemima Whyte and James Eyers 10:12 PM   New court documents shed more light on how ASIC believes ANZ traders 'rammed' the bank bill swap rate.

Negative gearing change won't affect housing: NAB

NAB's Gavin Slater says higher rates for investors 'make sense'.

Vanessa Desloires 8:30 PM   National Australia Bank says any move to kill off negative gearing won't affect its business.

Election 2016

Election 2016: Budget update coming

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8:05 PM   Less than three weeks after the budget was handed down, there'll be an update prepared without the input of Ministers or the PM. The Age's economics editor Peter Martin explains.

HSBC forced to repay customers for poor advice

HSBC says aggrieved customers of structured products should contact the bank.

James Eyers 7:03 PM   A review of HSBC files found client investment goals in some files were closely aligned with the features of the products being advised upon, says ASIC.

The Block deconstructs art deco building

The former factory office being redeveloped by Channel Nine's The Block reality show.

Simon Johanson 12:15 AM   Australian TV's longest running reality show The Block is facing a challenge - finding appropriate development sites.

The fine line of abusing your boss

It was alleged the boss pushed his chest into the technician, who later said 'kiss my arse'.

Anna Patty 6:33 PM   Two workers abused their bosses; one of them got away with it.

Coles' new weapon in supermarket price war

Coles has relaunched its ready-made meals range to better compete with Woolworths.

Sue Mitchell 12:15 AM   Ready-made meals have become the latest weapon in the battle for market share between Coles and Woolworths.

Retailers may desert combined Home-Mitre 10 business

Uncertainty over the future of the Mitre 10 and Home Timber & Hardware hardware brands is driving defections.

Catie Low 6:15 PM   An exodus of independent hardware retailers from the Home and Mitre 10 networks is shaping up as a risk to Metcash's bid for Woolworths' franchised hardware network.

Life will be a cruise for Chris Caton

Illustration: John Shakespeare.

Colin Kruger, CBD 6:15 PM   If you would like to know what our finest economic minds make of the federal election result, head to Chris Caton's farewell party.

Investors pay top dollar in Melbourne's inner suburbs

A row of Williamstown shops occupied by three blue-chip bank tenants have fetched $11.34 million.

Simon Johanson 12:15 AM   A row of Williamstown shops has fetched $11.34 million from a lone investor as activity heats up in Melbourne's prime inner suburbs.

Infigen explores sale, funding options

Infigen Energy's large portfolio of undeveloped wind projects is attracting overseas interest.

Angela Macdonald-Smith 6:11 PM   Wind power player Infigen Energy is entertaining a full-blown sale of the company and is said to have attracted interest as far away as China and Europe.

Cotton On Group sued over 'knock off' claims

Original design by US-based artist Elektra Printz Gorski.

Sue Mitchell 12:15 AM   A US-based artist is taking clothing giant Cotton On Group to court, accusing the retailer of "flagrantly" knocking off her designs.

Failed Western Union bid cost OFX big US client

OFX chief executive Richard Kimber has delivered his first annual results since taking the company's reins in August.

Shaun Drummond 5:52 PM   The boss of currency exchange OFX partly blames the scotched takeover by Western Union for a 10 per cent drop in its annual profit to $21.8 million, but he maintains it can still double revenue in the next three years.

Hedge fund giant takes aim at Len Ainsworth's $500m jackpot

Hedge fund giant Fortress Investment Group has joined the corporate regulator in challenging a deal which could hand ...

Perry Williams 5:51 PM   Hedge fund giant Fortress Investment Group has joined the corporate regulator in challenging a deal which could hand Len Ainsworth a pokies windfall of close to $500 million.

Hedge fund doubles money on Bradken

The mining boom and bust has come and gone. Bradken, the heavy engineering firm that supplies products to major mining ...

Simon Evans 5:45 PM   Catching falling knives is always dangerous in investing, but Texan hedge fund Teton Capital has shown shrewd timing with Bradken.

Buyers circling Arrium's Whyalla steelworks

There are at least three serious buyers circling the Whyalla steelworks and Prime Minister Malcolm Turnbull has become ...

Simon Evans 5:37 PM   SA Treasurer Tom Koutsantonis has told parliament there are at least three potential buyers circling Arrium's Whyalla steelworks.

$A jump dampens rate cut predictions

The dollar leapt after the release of the RBA's minutes.

Jessica Sier 5:36 PM   The Australian dollar leapt nearly half a cent late on Tuesday morning, after the Reserve Bank of Australia released the minutes from its last meeting.

Oil sets ASX alight

The rise in the oil price is lifting hopes among equity investors that the economy will stave off the threat of deflation.

Vanessa Desloires 5:26 PM   The Australian sharemarket closed at a fresh nine-month high as a lift in oil prices fuelled gains in energy and mining stocks.

Opinion

Barnaby and investors all at sea in milk lake

Michael Pascoe

Michael Pascoe 5:14 PM   When the money's rolling in, everyone from directors to farmers have a tendency to hear what they want to hear.

ANZ to slash 200 jobs

The bank advised staff of the redundancies on Tuesday morning, with the cuts mostly coming from its Melbourne office.

Patrick Hatch, Nick Toscano 4:49 PM   ANZ will cut about 200 jobs from its Australian workforce in the face of poor economic conditions, the bank says.

Markets Live: Miners power higher

The benchmark S&P/ASX 200 Index slipped 0.56 per cent on Friday to 5329.0 points, but posted a gain of 0.6 per cent for ...

Patrick Commins and Jens Meyer 4:49 PM   Shares extend their rally, stoked by steel, mining and energy stocks, while the dollar also jumps.

Dulux flags higher full-year profit

Dulux pulled its products from the Mitre 10 hardware chain in New Zealand, and some lines were destocked from ...

Tim Binsted 4:34 PM   DuluxGroup has reported a 3.7 per cent rise in interim profit to $63.7 million, underpinned by its market-leading Australian paints and coatings business.

Union warns of 20 black lung cases

The CFMEU says it is aware of at least 12 other black lung cases, along with the officially confirmed ones.

4:31 PM   The number of former Queensland coalminers diagnosed with the disease is rising.