Mark Pownall is Executive Editor at Business News. He manages the editorial team and writes in-depth news and views about Western Australia’s business scene. Mark has more than 20 years of experience in newspapers and online media in Perth and London. He has a Bachelor of Commerce from UWA and a Graduate Diploma in English from Curtin University. email@example.com
It might be too early to crack the champagne but junior miners are certainly celebrating the weakening of the Australian dollar, which had lost its traditional connection with commodity prices and remained stubbornly high for the past year.
The Australian Securities and Investments Commission's chief Greg Medcraft has warned that investors hungry for yield are going to be attracted to riskier investments as Australia's interest rates dip further.
After four years advising Navitas founder Rod Jones as his biggest client, investment banker Jon Biesse is about to make the commitment full-time, stepping into the private world of business to run the education entrepreneur's investment portfolio.
Macquarie Bank paid $20 million for a one fifth stake in Perth-based financial services group Homeloans.
Macquarie bought the 19.84 per cent stake in the mortgage broker from financial services firm Challenger Group last week and announced the purchase yesterday.