Calculating the cost of Ivan Glasenberg’s new green credentials

Calculating the cost of Ivan Glasenberg’s new green credentials

Whatever spell was cast by the first two letters of ESG, the last — G for governance — got no comment. The US Department of Justice is investigating intermediaries that dealt with Glencore in the infamously corrupt Democratic Republic of Congo. That burn is a slow one. The controversy has depressed Glencore's valuation badly, though.…
ASX poised to open higher, jobs report awaited

ASX poised to open higher, jobs report awaited

According to Capital Economics: the bar to lifting US rates higher is high, and the Fed is close to halting the run-off of its balance sheet. "The upshot is we now expect the Fed to leave rates unchanged throughout this year, before a further deterioration in economic growth forces it to cut rates by a…
Why Glencore’s Ivan Glasenberg buckled on coal

Why Glencore’s Ivan Glasenberg buckled on coal

So where does God come into any of that? Well, as it turns out, the Church of England – a rich investor in its own right – has played an influential role in taking the message of Paris and climate change mitigation directly to Glencore. The end result of this sustained climate diplomacy is a…
The Sydney and Melbourne suburbs defying the property downturn

The Sydney and Melbourne suburbs defying the property downturn

"They have appeal to a very broad cross-section of the market, and it's in those areas where houses have been under supplied, and if supply is down and demand is still relatively OK, good prices will still be achieved," Mr McGlynn said. A few very big sales in those suburbs, especially those on tightly-held streets…
Government releases new R&D guidelines for confused tech firms

Government releases new R&D guidelines for confused tech firms

"The majority of software businesses are trying to do the right thing, but some are claiming the incentive incorrectly ... [The guidance] provides more clarity to companies around what are considered eligible software research and development activities under the program and what are not, helping them to self-assess their claims more effectively." The guidelines say…
The secret sauce of contemporary politics is a belief the state can do more

The secret sauce of contemporary politics is a belief the state can do more

If a new anti-Brexit, centre-left liberal movement can't inspire voters like Viney, what chance does it have? It almost feels a truism to say the old left-right, class-based political cleavages have gone, and the party system that's based on them is creaking arthritically. Across the West, populists are making hay on both the left and…
Woolies battles with the balance between long-term and short term

Woolies battles with the balance between long-term and short term

Banducci's challenge But that can't take away from the challenge Banducci has in translating sales into earnings. Much of this has to do with the changing nature of the customer, who is demanding more and more convenience, be that through online sales or delivery options such as click-and-collect. Banducci has been investing heavily – some…
Travel company ties causing Morrison government a world of trouble

Travel company ties causing Morrison government a world of trouble

"At no time has Ambassador Hockey or Helloworld CEO Andrew Burnes discussed the DFAT tender and neither Mr Hockey nor Mr Burnes have had any involvement in the tender process. Mr Burnes did not request the meeting with DFAT personnel in the United States," the statement said. Helloworld's statement said its subsidiary QBT did request…
ASX slides on weak wages, earnings

ASX slides on weak wages, earnings

WiseTech Global shareholders were spooked by a lower-than-expected earnings before interest, tax, depreciation and amortisation print on Wednesday, pushing it shares down 10.1 per cent to $21.03. Despite upgrading its revenue projections, the company reaffirmed its earnings guidance for the year. Shopping centre operators Scentre and Stockland reported their results on Wednesday, pushing their share…
Magellan’s Hamish Douglass says tread cautiously in unpredictable markets

Magellan’s Hamish Douglass says tread cautiously in unpredictable markets

"Do not, in this environment, take a strong conviction on these issues," he said. "No one knows what's going to happen next." Some of the big issues that investors are grappling with include the possibility of recession, of a crisis in Europe, questions over China and the ongoing effect of quantitative easing, the fund manager…

Must Read

- Advertisement -