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Asian developers: ‘what’s the drama’

Asian developers: ‘what’s the drama’

Chinese developers use the phrase “kua zhang”, which roughly translates to “what’s the drama”, to describe fears that Asian investors are dominating the property market. Johnson Zhang, the chief executive of Country Garden, one of the biggest Chinese developers, said recent claims that foreigners were inflating the prices of residential sites or pushing first-time buyers out of the market were flawed.

Global equities fall on weak data

Global equities fall on weak data

Before the Bell | Stocks worldwide kicked off the fourth quarter on a down note, as tepid manufacturing data weighed on European markets ■ Dow falls 1.4pc ■ SPI futures drop 29 pts ■ $A at US87.25¢.

Government dismisses NBN review

The national broadband network will not be broken up or opened up to competition, said the federal government, despite recommendations from an investigation it commissioned into the NBN in December.

Lantern Hotel Group caught up in van Eyk demise

Pubs owner Lantern Hotel Group lent money in a related party transaction to a company whose directors are embroiled in the controversial collapse of financial services firm van Eyk.

Commodities post worst fall since 2008

Corn futures tumbled to a five-year low, gold is the cheapest since January and copper extended this year’s decline as raw materials posted their worst quarter since 2008, according to a commodity index.

TPP could be finalised before year-end: Robb

TPP could be finalised before year-end: Robb

Trade and Investment Minister Andrew Robb says the major details of a Pacific Rim free-trade and investment agreement could be completed by the end of the year.

Wesfarmers issues $870m in eurobonds amid volatility

Wesfarmers has moved swiftly to take advantage of volatility in global credit markets over the past fortnight and return to the European capital pool to refinance $870 million worth of debt early.

Chanticleer

Sims, supermarkets, suppliers still at odds

Coles, Woolworths and their suppliers may have put aside their differences to reach a deal but they still have to convince the government.

Budget takes $10b welfare hit

The federal budget has taken a $10 billion hit after the government cut a deal with Labor to pass welfare cuts for which it had support, and dropped plans to try and push through the Senate other cuts destined to fail.

The Stalinism on Australia’s high streets

The Stalinism on Australia’s high streets

Opinion | The Abbott government is caving in over rules on the pharmacy sector.

How Fusion recharged on Indonesia

How Fusion recharged on Indonesia

An Australian-designed mobile payments system has found a new home in Indonesia.

Budget blues, bad burqas and brouhaha

Budget blues, bad burqas and brouhaha

Fleur Anderson | PM Tony Abbott wants lazy xbox-playing teens to ‘earn or learn’.

Markets Summary

Change % Chg
S&P/ASX 200 5334.1 41.3 + 0.78%
Dow Jones 16793.11 - 249.79 - 1.47%
FTSE 100 6557.52 - 65.20 - 0.98%
SPI 200 DEC4 5281.000 - 41.000 - 0.80%
AUD/USD 0.8716 - 0.0029 - 0.33%

Markets Data »

Price % Chg
MRM MERMAID MR $ 2.100 + 8.81%
OFX OZFOREX $ 2.440 + 4.72%
MND MONADEL $ 13.280 + 4.08%
AZJ AURIZON $ 4.700 + 3.75%
CVO COVERMORE $ 2.260 + 3.67%

Markets Data »

Price % Chg
MGX MT GIBSON $ 0.500 - 8.26%
NCM NEWCREST $ 10.050 - 4.74%
PNA PANAUST $ 1.875 - 3.85%
AGO ATLAS IRON $ 0.405 - 3.57%
HZN HOR OIL $ 0.290 - 3.33%

Markets Data »

Street Talk

Huon seeks bids at up to $5.40 a share

Huon seeks bids at up to $5.40 a share

Salmon producer Huon Aquaculture Group will seek to raise $125 million at $4.75 to $5.40 a share in a book-build that closes on Friday.

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House price run slowing

Home values were flat in September after a long run of rises- which is good news for home buyers.

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National

The science and the fury: report won’t end CSG debate

The science and the fury: report won’t end CSG debate

The facts seem to be in about the risks and benefits of coal seam gas mining, but it’s highly unlikely the debate will end here.

Opinion

Matthew Stevens

Mary O’Kane’s drilling hits the right seam

Matthew Stevens

Coal seam gas extraction and its technologies are the only subjects of contemplation emerging unscathed from the NSW chief scientists review.

Jennifer Hewett

Mixed economic signals are driving me to drink

Jennifer Hewett

Trying to read mixed economic signals is likely to bring on a tension headache – at least for me. Or perhaps the desire for a mixed drink to match.

What would blow markets out of their complacency?

What would blow markets out of their complacency?

Nouriel Roubini | Markets have shrugged off the Middle East, Ukraine and, so far, Hong Kong. So what could shake them?

World

Asean ‘champions’ and debt-fuelled acquisition binge

Asean ‘champions’ and debt-fuelled acquisition binge

What do a chicken farmer, a brewer and an international shipping line have in common? All three are among the largest companies in the Association of Southeast Asian Nations.

Business

Murdochs take on Packer in US real estate

Murdochs take on Packer in US real estate

News Corporation has committed to a $US950 million acquisition of real estate website Move to rival James Packer’s Zillow in the US.

Technology

Back to boxiness, buttons with BlackBerry Passport

Back to boxiness, buttons with BlackBerry Passport

When BlackBerry launched its Passport phone, even BlackBerry’s own staff admitted that the giant, square design of the phone would be polarising. People would either love it or hate it, they said.

Personal finance

Do it yourself in industry super funds

Do it yourself in industry super funds

John Wasiliev | For years, industry and large super funds have been working to counter the annual drain of hundreds of millions of dollars caused by members leaving to set up DIY funds.

Lifestyle

Australia’s most powerful deal makers

Australia’s most powerful deal makers

2014 Power Issue | In a year when investment banking is firing again, the battle for top spot is closer than ever.

Pocket-sized Aston Martin roars into being

Pocket-sized Aston Martin roars into being

Aston Martin’s Vantage V12S is great for a lot of things, but making a quiet getaway in suburbia isn’t one of them.

Have power. Lose power. Publish.

Have power. Lose power. Publish.

2014 Power Issue | Politicians are prolific memoir writers – but who actually reads this stuff?

Degustation dining all a matter of course

Degustation dining all a matter of course

It’s not just high-end restaurants that are exploring a chef’s menu as a way to highlight skill and celebrate the seasons.

Latest TV

Uber looks to pick up business

Uber's only hurdle in taking over business are the current archaeic transport laws.

Google reportedly seeks huge new Sydney offıces

A huge expression of interest for future Sydney office space reputably by Google is a boost for their growth prospects.

Is negative gearing the biggest problem?

What is the impact of negative gearing on Australia's rapidly rising house prices?

Review: the boxy BlackBerry Passport

The BlackBerry Passport has an improved keyboard, but still suffers from a lack of apps.