News Articles

News 12 Jul 2022

Burst bubbles mark end of an era

Investors are taking a hit on most asset classes, with energy among the few likely to weather the storm of a tough coming financial year.

Mining 25 Sep 2020

Boom or bust depends on asset class

A US analyst says economic conditions today match those of times past when hard assets and resources were the pick of the investment classes.

Deals 04 Nov 2019

IGO launches $312m Panoramic takeover

Independence Group is planning to take advantage of nickel miner Panoramic Resources' operational issues and boardroom changes by launching a hostile scrip takeover bid.

Opinion 29 Apr 2019

Election winner faces tough calls on economy

OPINION: Muffled by the drumbeat of election campaigning as Australia heads towards its May 18 poll is a more sinister noise, demands for a big cut in interest rates, or the dumping of “helicopter” cash on the community – or both.

Retail 27 Mar 2019

Wesfarmers experiments with Bunnings after Coles sell-off

ANALYSIS: As many retailers struggle to deal with the internet revolution, Wesfarmers is undertaking two significant experiments in managing the disruptive influence of online trading to bricks-and-mortar businesses.

Deals 22 Aug 2018

Santos pays $2.9bn for Quadrant

Santos is set to become the dominant supplier of gas in the Western Australian domestic market after striking a deal to buy privately-owned Quadrant Energy for $US2.15 billion ($A2.95 billion).

Financial Services 01 Jun 2018

ANZ facing action over $2.5bn placement

ANZ is facing criminal charges over alleged cartel conduct related to a $2.5 billion share placement, while two of the underwriters to the deal, Citi and Deutsche Bank, also received notice of charges.

Financial Services 09 Nov 2017

Citibank repays $4.3m to cardholders

Citibank will refund customers more than $4.3 million after failing to give back outstanding credit card balances, and providing misleading statements about unauthorised transactions.

Financial Services 13 Jul 2017

Third Chinese bank opens Perth branch

China Construction Bank has become the third Chinese banking group to establish a presence in Perth, and those managing its operations are planning to make a larger impact than the competition.

Deals 04 Nov 2016

Saracen signs up for $150m facility

Perth gold miner Saracen Mineral Holdings has locked in a financing facility of up to $150 million with a banking syndicate, replacing a previous loan deal that expired in September.

Deals 26 Apr 2016

Aditya to accept improved Metals X bid

Metals X looks set to succeed in its long-running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $103 million.

Appointments 20 Jan 2016

Pioneer Credit appoints chief risk officer

Tony Bird has been appointed as the inaugural chief risk officer of Pioneer Credit, commencing February 2.

Professions 08 Jan 2016

Bankers seek answers from Slater & Gordon

Embattled law firm Slater & Gordon has confirmed its lenders have appointed investigative accountants to scrutinise its books.

Opinion 27 Aug 2015

Amid the gloom, gold’s good to go

If ever Western Australia is to have another slogan on vehicle number plates, then the favourite has to be a return to the short-lived ‘Golden State' catchphrase.