Stephen Bartholomeusz

What's killing business investment?

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Recent capex figures paint a gloomy portrait of business conditions in Australia, but the reality is somewhat different.

Why Forrest's iron ore proposal is wishful thinking

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The voluntary production cuts proposed by Andrew Forrest may sound appealing in theory, but there are big problems with implementing them in practice.

Why Gandel drove the Novion-Federation deal

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While the Novion-Federation Centres merger has a strategic and financial rationale of its own, reclusive billionaire John Gandel had another reason to get the deal done.

Markets should brace for the Fed's ripple effects

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While the Federal Reserve acknowledges the impact of its actions on global markets, it is ultimately focused on the health of the US economy.

Cochlear sticks to its sensible strategy for success

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The appointment of stalwart Chris Smith as Cochlear's CEO will likely see a continuation of the strategies that have led to the company's stellar long-term performance record.

Why China is no threat to Fortescue

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China knows that any large-scale investment by an SOE will be politically sensitive, which suggests any proposal for Fortescue will result in minimal control over its affairs.

Skilled eyes a sweetened deal

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Contract labour hire groups Skilled and Programmed are back in merger discussions, but Programmed will need to improve the terms of its proposal before a deal can be done.

Twiggy's desperation hints at Fortescue's critical condition

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The level of hysteria in Andrew Forrest's campaign against Rio and BHP will only serve to draw more attention to Fortescue's finances.

Why rogue bank traders keep repeating history

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The massive fines for rate rigging are being seen by global banks as simply a cost of doing business, rather than an incentive to change their behaviour.

Fine-tuning a Wesfarmers winner

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The contrast between the upbeat, confident tone at Wesfarmers' strategy day and the gloomy mea culpas from Woolworths a fortnight ago is telling.

Vale's China deals expose Forrest's iron ore folly

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As Vale stitches up its iron ore deals with China, the damage that a parliamentary inquiry into iron ore could bring becomes crystal clear.

A chance for Rio to strike while the copper is hot

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The deal between Rio and the Mongolian Government on Oyu Tolgoi will allow the miner to diversify its cash flows and give it exposure to a commodity with a promising long-term outlook.

A new dawn for Orica

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Orica's new CEO Alberto Calderon presents as a sophisticated executive, while his experience at BHP highlights his steely edge.

Looking beyond the numbers in South32's debut

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There are likely to be some large-scale volumes of South32 shares traded in coming weeks -- and it will be interesting to see whether those volumes attract a predator.

Rio's pursuit of simplicity will pay off

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Offloading second-tier assets would make sense for Rio's portfolio and returns and could remake its aluminium division into a higher-quality business.

An iron ore inquiry misses the point

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Twiggy Forrest's call for a parliamentary inquiry into the iron ore strategies of BHP and Rio is gaining traction -- and it couldn't be more misguided.

The two threats to OPEC's oil strategy

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OPEC's attempts to drive out higher-cost production has parallels with the iron ore market, but its battle for market share is only just beginning.

There's sense in Hockey's iron ore forecasts

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The government and Treasury are right to be cautious in their assumptions about what the iron ore price might do over the next financial year.

Myer's make-or-break moment

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Myer's modest sales momentum is continuing, but structural changes in the sector will make it difficult for the group to achieve top and bottom-line growth.

NAB's capital raising will test Murray's theory

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The big test for NAB will be whether the market rewards it for being safer by virtue of it holding more capital.

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