Company updates
TransAlta Corporation achieved its 2016 financial guidance with solid operational performance, despite some challenges to certain business segments
Week in review
Clinton and Trump face off on TV Tuesday at 9.30 am Sydney time. More than 100 million people are due to watch. US Fed left rates on hold, BoJ confirmed it will keep buying equities and bonds and Philip Lowe spoke for the first time as RBA governor
Week in review
Global central bankers insist on running in circles, lack of volatility continues in domestic credit and Kinross added to our DirectBond list
Week in review
UK data surprised on the upside and US Fed officials jawbone on rate rises
Company updates
BHP posts a record loss in FY16 and cuts its dividend, Newcrest delivered a solid FY16 result, Peabody received approval of its five year business plan and two TransAlta bonds added to our DirectBond list
Opinion
The latest data from China shows its investment cycle has collapsed. Return on equity has declined to under 6%, debt has risen rapidly as has non bank shadow lending. Resource companies will find it increasingly difficult to generate satisfactory returns and now is a good time to sell out of the equities and buy the bonds
Opinion
It’s almost as if Dr No has cunningly crafted a new plan to kidnap all the world’s bonds, and as a result yields are disappearing faster than 007 and Honey Ryder on Crab Key Island
Week in review
RBA minutes released Tuesday, UK data due is expected to show post Brexit weakness