Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
The core element of the Vertigan Committee's attempt to introduce infrastructure-based competition to broadband won't be adopted any time soon. That makes TPG's efforts more meaningful at this point in time.
Despite a short-term shock for local manufacturers reliant on gas, it's in their own long-term interests as well as the national interest, that resources be developed without domestic reservation quotas.
Fortescue believes rationality will prevail in China’s domestic production, but less competitive local producers should be considering a long-term price not far from $US70 a tonne, with potentially volatile periods in both directions.
Normalisation of US monetary policy is likely to become a reality next year, but the Federal Reserve remains cautious in communicating this to markets for fear of sending investors rushing for the exit.