PLATINUM Capital is one of the most successful fund management companies in the country. Under the stewardship of Kerr Neilson, its portfolio grew by 13.8 per cent in the year to June, compared with a 23 per cent slide on world stock markets.
TREASURER Peter Costello’s 41 proposals to give the Australian Securities and Investments Commission bared teeth will get an armchair ride through parliament.Few in big business, the accountancy or financial services professions, or the financial s...
I HAVE always maintained that business breakfasts are strictly for the birds. But there are notable exceptions. One was the recent morning munch hosted by the Consulate General of Japan and the University of Western Australia.
THE price of oil briefly nudged $US30 a barrel last week, its highest level for 15 months. That looks peculiar, because OPEC is currently pumping out 1,000,000 barrels a day more than the droopy world economy can use.
FEW political spectacles are more entertaining than government ministers seeking to explain the inexplicable. The plea by Qantas to have the 45 per cent cap on the airline’s foreign ownership lifted has been rejected.
AUSTRALIAN share traders had virtually given up on the North-West Shelf partners winning the $25 billion jackpot to supply LNG to China, which goes to show they were not much good at reading Chinese tea leaves.
IT would not have been surprising to see a fleet of Arab dhows sailing up to the Old Swan Brewery recently. Taking place inside was the biggest seminar ever staged in Perth on doing business amid the shifting sands of the Middle East.
GOLD is finally having its day in the sun. Some believers thought they might be carried into the cemetery before they saw it rise again. This columnist regularly harangued readers on the merits of the metal, before he too threw in the towel.
ANYONE who didn’t see higher interest rates coming should not be allowed to drive a car. The Reserve Bank of Australia had cut the price of money to the bone as an insurance policy against global recession.
THE Reserve Bank of Australian has chosen to leave interest rates as they are. Foreign exchange traders immediately sold the Australian dollar below US53 cents, demonstrating that they have the attention span of labrador puppies.
A DIRECTOR of a public company recently asked me when China might become a member of the WTO. Try last November, chum. Taiwan was admitted in January. While few businessmen are as out of touch as our friend, some might be a tad slow.