Stephen Bartholomeusz

The damage caused by Syriza's delusional gamble

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Whatever the outcome of Greece's bailout referendum, the damage done to the economy and banking system might already be too great.

Why Brookfield's Asciano offer may not be a knock-out

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At first glance, the foreshadowed price for Asciano appears attractive. But a closer look reveals a more complicated and potentially less appealing picture.

Why Asciano is a prime takeover target

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After four years of restructuring, Asciano has emerged as a higher-quality business with a portfolio that is increasingly sought after by infrastructure investors.

There's no clear path forward for central banks

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The longer current monetary policy settings are in place, the greater the risk is of another crisis -- and both central banks and governments will be poorly placed to fight it.

The political fallout from Greece's crisis

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The latest chapter in the Greek crisis suggests the fundamental fissures in the eurozone's architecture are no closer to being addressed by policymakers.

Murray Goulburn could be the cream of the ASX crop

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Murray Goulburn's $500m capital raising hints at Gary Helou's ambitious but compelling strategy for the giant dairy co-op, but there are some risks.

Compensation concerns shouldn't contain port privatisation

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Compensation is proving to be a point of contention in the debate over Victoria's port privatisation, but the state government needs to preserve the option of developing a second container port at some stage.

Has Flight Centre's business model been cracked?

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Flight Centre was once hailed as one of the sharemarket's success stories, but escalating competition from digital competitors is eroding its market share.

The shadows lurking in the new financial regulation regime

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As ASIC chairman Greg Medcraft reminded international regulators, there's a fine line between prudent regulation and over-regulation.

A missed opportunity for marginal iron ore producers?

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Iron ore's smaller players might have missed their chance to recapitalise their balance sheets amid a very prolonged period of much lower prices.

Woolworths is now a tantalising target

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Leaderless and vulnerable Woolworths would appear very appealing to private equity and international retailers looking for a top prize.

Qantas insures against another capacity war

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While it appears Virgin is focused on profitability rather than re-igniting a price or capacity war, keeping Air New Zealand under pressure is useful insurance for Qantas.

Investors should brace for the Buffett effect

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Warren Buffett's foray into the ASX through his stake in IAG could have a significantly leveraged effect on the market.

O'Brien's exit won't solve Woolworths' woes

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The pressure of another downgrade appeared to be the last straw for the embattled Woolworths board.

Westpac's sell-down sends a signal from the majors

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Westpac's sell-down of its stake in BT Investment Management suggests the majors are busy scrutinising their portfolios in anticipation of an increase in their capital requirements.

IAG's Berkshire deal will expand its horizons

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The deal struck between IAG and Berkshire Hathaway will give the local insurer more capital flexibility and hints at the US group's intentions in the Asia-Pacific region.

Metcash motors ahead on a tough road

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Metcash's auto unit sale will de-risk its balance sheet, but the turnaround strategy for its core food and grocery division remains a work in progress.

Ten's Foxtel deal averts a looming debt threat

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Ten's deal with Foxtel will allow the struggling free-to-air network to recapitalise its balance sheet and gives CEO Hamish McLennan a more stable framework for a rehabilitation strategy.

The ACCC's telecommunications dilemma

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The ACCC has usually supported any measure that strengthens competition to Telstra, but TPG's bid for iiNet would also shrink the number of players in a highly-concentrated telco market.

The property bubble trouble is out of the RBA's hands

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The increased flow of capital into the Australian property market is a part of a global picture rather than a purely domestic problem.

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