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Albanese tips weak iron ore for years

Albanese tips weak iron ore for years

Former Rio Tinto chief Tom Albanese says iron ore prices will stay weak for longer than expected and “volatility is the new normal”, as iron ore drops below $US70 a tonne. He argues prices wil remain under pressure while supply outstrips demand, and that a recovery hinges on how quickly high-cost Chinese production exits the market.

OECD tells RBA raise rates to cool housing

OECD tells RBA raise rates to cool housing

The Reserve Bank of Australia should raise interest rates in the first half of next year to prevent housing prices rising to risky levels, the Organisation for Economic Cooperation and Development has advised.

How Glencore’s Ivan Glasenberg will sell Rio Tinto merger 2.0

Sam Walsh and Chinalco could feature big in Ivan Glasenberg’s bid to force a merger of Glencore and Rio Tinto.

$A slumps, iron ore drops, Wall St flat

Before the Bell | The Australian dollar has shed more than 1 per cent in overnight trading in New York as the price of iron ore extended its slide ■ SPI futures up 6pts ■ $A at US85.24¢.

Santos sets 2015 second half for GLNG output start-up

Santos has finally narrowed down the expected start-up schedule for its $US18.5 billion GLNG gas export project in Queensland to the second-half of 2015, later than some analysts had anticipated.

Abbott gets ready for policy backdowns

Abbott gets ready for policy backdowns

The federal government is set to dump the $7 Medicare co-payment and water down its paid parental leave scheme as it seeks to clear problems before Christmas and begin the new year on the front foot.

Sydney fintech hub coming in April next year

A physical fintech hub will be built in Sydney in the first half of next year, providing a venue in the CBD for technology start-ups, venture capitalists and established banks to collaborate and grow the fledgling industry.

Chanticleer

Medibank’s doctor wields scalpel

Chanticleer | Shareholders in Medibank Private should turn to their in-house doctor for help now that the stock is listed and trading at a 30 per cent premium to the rest of the market.

$A drops 1pc on Lowe, strengthening yen

Updated | The Australian dollar shed more than 1 per cent to sink to its lowest level since early July 2010, hammered by RBA deputy governor Philip Lowe’s comments on its value and another slide in iron ore.

Silk Road revival faces roadblocks

Silk Road revival faces roadblocks

President Xi Jinping’s grand plan to make China the centre of the world again faces obstacles.

Small Medibank traders feel ‘ripped off’

Small Medibank traders feel ‘ripped off’

Many small investors who wanted to lock in a Medibank profit on day one are angry.

Vacuum doyen’s Alan Bond moment

Vacuum doyen’s Alan Bond moment

John Johnston cleaned up when he helped buy back Godfreys, but it didn’t give him much joy.

Markets Summary

Change % Chg
S&P/ASX 200 5334.8 0.0 + 0.00%
Dow Jones 17814.94 - 2.96 - 0.02%
FTSE 100 6731.14 1.35 + 0.02%
SPI 200 DEC4 5356.000 6.000 + 0.10%
AUD/USD 0.8532 0.0006 + 0.07%

Markets Data »

Price % Chg
OFX OZFOREX $ 2.460 + 8.85%
NCM NEWCREST $ 10.600 + 6.43%
TAH TABCORP $ 4.170 + 2.21%
VED VEDA GROUP $ 2.340 + 2.18%
IVC INVOCARE $ 11.780 + 2.08%

Markets Data »

Price % Chg
MND MONADEL $ 9.610 - 9.25%
BDR BEADELL $ 0.220 - 8.33%
BPT BEACH $ 1.050 - 5.83%
FMG FORTESCUE $ 2.810 - 5.70%
ARI ARRIUM $ 0.250 - 5.66%

Markets Data »

Street Talk

SurfStitch to raise up to $93m

SurfStitch to raise up to $93m

ASX aspirant SurfStitch Group has priced its shares at $1 and is seeking to raise $76 million to $93 million from its institutional bookbuild.

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Medibank Private debuts as a public company

Medibank cuts its umbilical cord with the Australian government. What can shareholders and taxpayers expect?

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Opinion

David Bassanese

Opening the door for a rate cut

David Bassanese

A cooling housing market and a dollar pumped up by overseas stimulus make a reduction in interest rates an even bet.

Lisa Murray

Ma’s haul shows scale of corruption in China

Lisa Murray

If there was any doubt about the scale of the corruption problem facing China, look no further than Ma Chaoqun.

Jim Wall looks to disarm Kidman Mining

Jim Wall looks to disarm Kidman Mining

Matthew Stevens | This is the story of a once banned Melbourne stockbroker, the son of a slightly tarnished Sydney multi-millionaire, an aging miner of former consequence and a gold discovery called the A lode.

World

‘New abnormal’ weighs on central banks

‘New abnormal’ weighs on central banks

The “new normal” for the global economy is more of a “new abnormal”, say Yardeni Research and ING Bank.

Markets

Miners face another year of red ink

Miners face another year of red ink

Australia’s mid-tier miners are doing their best to remain afloat in a tough operating environment, but efforts to boost productivity are yet to make an impact on their bottom lines.

Personal finance

Clever tax tweaks to grow your superannuation

Clever tax tweaks to grow your superannuation

John Wasiliev | There are perks to starting a pension while continuing to make super contributions.

Lifestyle

Aston Martin resurrects Lagonda super saloon

Aston Martin resurrects Lagonda super saloon

Echoes of the 1970s Lagonda are evident in Aston Martin’s latest incarnation of the luxury super saloon.

Privacy, the main ingredient for the ultimate escape

Privacy, the main ingredient for the ultimate escape

Sea or ski? History and heritage? Go a little wild? Name your desire – one of these private properties has it covered.

For your eyes only: Exclusive enclaves of the internet

For your eyes only: Exclusive enclaves of the internet

Discover the Paris end of cyberspace, where the seriously wealthy connect without having to mix with the hoi polloi.

Beyond the cellar door to the Ultimate Wine Experience

Beyond the cellar door to the Ultimate Wine Experience

Select premium wineries offer more than just a cellar door; now you can immerse yourself in the story.

Latest TV

Guillaume Brahimi's Christmas dinner

What does a Sydney restaurant icon dish up for Christmas, and could you pull it off?

Lambie’s resignation: more trouble for government

What does new independent Senator Lambie's defection now mean for the government and its agenda?

PWC's tax and female trouble

PWC has had a rough trot lately, both in tax avoidance chatter and an apparent slide in gender equality.

Abbott: 'never promised special treatment for the ABC'

Tony Abbott says he's "fundamentally kept faith with the Australian people" in calling for cost cuts at the ABC.