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Stakes high for telcos and miners

Malcolm Maiden THE election that Julia Gillard is about to call has the potential to produce enormous changes for businesses, in two industries in particular, but key issues that affect them will struggle to get oxygen in the campaign itself. The telecommunications and resources sectors
Malcolm Maiden THE election that Julia Gillard is about to call has the potential to produce enormous changes for businesses, in two industries in particular, but key issues that affect them will struggle to get oxygen in the campaign itself. The telecommunications and resources sectors

Why no hue and cry about Telstra trades?

Corporate crime, particularly insider trading, is hugely complex and difficult to prove. THE early morning radio news bulletins yesterday contained the usual smattering of politics mixed with a broad sprinkling of petty crime, armed hold-ups and car chases. There was little
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Telstra insider trading call

SUSPICIOUS trading activity in Telstra shares before Sunday's announcement of an $11 billion deal with the government has led to calls for an investigation into possible insider trading. Shadow treasury spokesman Joe Hockey on Monday night called for the Australian Securities and
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Telstra"s $11bn NBN deal

The regulatory certainty and high price are expected to significantly boost Telstra's share price hen markets open today, and could underwrite the company's high dividend for several years, according to one analyst. Telstra shares last traded at a four-month high of $3.23. Telstra has not

The Opposition tips a power rescue package

The State Opposition believes the Government is preparing to provide financial assistance to Aurora. On Wednesday, the Government dumped an election commitment to cap power price increases for all householders and small businessses, because of a stoush between Hydro and
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Employment setting fast pace: 30 seconds, one job

AUSTRALIA is creating jobs at the breathtaking pace of one every 30 seconds, piling on an extra 140,000 in the first five months of this year. The new jobs corroborate talk of a ''V-shaped'' recovery, driving unemployment down to the interest-rate sensitive zone of 5 per
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Investment in Tasmania falls

Australian Bureau of Statistics figures have revealed private investment in Tasmania is dwindling. In the March 2009 quarter the total new capital expenditure was $318 million but in the March 2010 quarter that has dropped to $185 million. Shadow Treasurer Peter Gutwein says
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Rebound staves off the GFC Mark II

THE biggest fall on global financial markets since the panic of 2008 halted suddenly in Australia yesterday, raising hopes that markets might avoid a second catastrophic meltdown. After a month of almost unbroken falls - more like free-fall over the past week - share prices and the
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Rebound staves off GFC Mark II

THE biggest fall on global financial markets since the panic of 2008 halted suddenly in Australia yesterday, raising hopes that markets might avoid a second catastrophic meltdown. After a month of almost unbroken falls - more like free-fall over the past week - share prices and the
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Bankers treated to five-star hospitality - on Queensland taxpayers

Be the first to comment Vote Estimated costs for the Queensland Treasury Corporation to host 60 investment bankers and financiers from across the globe. The state-owned Queensland Treasury Corporation has splashed out on five-star hospitality for about 60 investment bankers
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Busting the bank for good credit

Be the first to comment Estimated costs for the Queensland Treasury Corporation to host 60 investment bankers and financiers from across the globe. The state-owned Queensland Treasury Corporation has splashed out on five-star hospitality for about 60 investment bankers and
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Industry welcomes Medibank sale proposal

The head of one Australia's largest private health insurers has welcomed the Federal Opposition 's proposal to sell Medibank Private if the Coalition is re-elected. On Tuesday, the Shadow Treasurer , Joe Hockey , announced the Coalition has revived its plans to sell Medibank
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Monthly interest rate rises ruled out

THE Reserve Bank has reached a pivotal point in its program of rate rises, declaring the bulk of the work behind it. After three successive rate rises at the end of last year, the board's February minutes say rates are ''no longer exceptionally accommodative'', merely remaining ''somewhat
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Greece’s Goldman Sachs Swaps Spawn EU Dispute on Disclosure

Feb. 16 (Bloomberg) -- A dispute is unfolding about how long European Union officials have known that Greece used derivatives to conceal its growing budget deficit. Greece turned to Goldman Sachs Group Inc. in 2002, just after adopting the euro, to get $1 billion in funding through a swap
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Greece’s Goldman Sachs Swaps Spawn EU Dispute on Disclosure

Greece turned to Goldman Sachs Group Inc. in 2002, just after adopting the euro, to get $1 billion in funding through a swap on $10 billion of debt, Christoforos Sardelis , head of Greece’s Public Debt Management Agency at the time, said in an interview last week. Eurostat, the EU
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Greece’s Goldman Sachs Swaps Spawn EU Dispute on Disclosure - Bloomberg.com

Greece turned to Goldman Sachs Group Inc. in 2002, just after adopting the euro, to get $1 billion in funding through a swap on $10 billion of debt, Christoforos Sardelis , head of Greece’s Public Debt Management Agency at the time, said in an interview last week. Eurostat, the EU
’s
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Inflation pressure no threat: Swan

Federal Treasurer Wayne Swan expects inflation pressures to moderate over the near term, even though the latest reading is above expectations. The consumer price index (CPI) climbed by 2.1 per cent in the year to December, marking the fastest pace since March 2009. The result was
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Gates Lauds Pakistan’s Push on Militants, Offers Additional Aid - Bloomberg.com

While the U.S. would like to see further steps to combat Pakistan-based Taliban fighters who attack U.S. troops in neighboring Afghanistan, Gates respects the country’s sovereignty and will leave the pacing and details up to Pakistani leaders, Pentagon spokesman Geoff Morrell said la
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Hacker’s Plea Deal Seeks 17 to 25 Years in Prison for Theft - Bloomberg.com

Albert Gonzalez is scheduled to plead guilty Dec. 29 in federal court in Boston to charges that he stole data on 130 million credit and debit cards from Heartland Payment Systems Inc. , 7-Eleven Inc., Delhaize Group’s Hannaford Brothers Co. and two unidentified national retailers. Gonzalez.
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LCH.Clearnet Begins Backing Interest Swaps for Bank Clients - Bloomberg.com

Dec. 17 (Bloomberg) -- LCH.Clearnet Ltd. , Europe’s largest clearinghouse, began guaranteeing trades today between banks and their clients in the $342 trillion interest-rate swaps market. Regulators in the U.S. and Europe are pushing the financial industry to improve the over-the-counter.
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