The Wild Wild East 1 August 2017

Property

CBA subsidiary slugs property borrowers with 35bp rate rise
AFR, 24 July 2017

Bankwest, a subsidiary of Commonwealth Bank of Australia, is slugging existing interest-only owner occupiers with increases of 35 basis points, in the latest move to rein in higher-risk loans.
http://www.afr.com/personal-finance/cba-subsidiary-slugs-property-borrowers-with-35bp-rate-rise-20170724-gxhdqu


Mirvac sells half-share in Olderfleet building to Singapore's Suntec

SMH, 26 July 2017

Diversified property group Mirvac has sold a half share in its signature Olderfleet development in Melbourne at a benchmark price that will help re-rate premium office values in Australia's east coast office market.

http://www.smh.com.au/business/property/mirvac-sells-halfshare-in-olderfleet-building-to-singapores-suntec-20170726-gxizqy.html

 

Frasers plans $190m of new warehouses

The Australian, 26 July 2017

Frasers Property Australia is developing and building more than $190 million of new warehouses in Melbourne, fielding unprecedented demand in two of its industrial parks. 

http://www.theaustralian.com.au/business/property/frasers-plans-190m-of-new-warehouses/news-story/214186df936026843fff5adc3c1bd06c

 

Greenland pens deal with Provectus Care to build aged care facilities in China
AFR, 27 July 2017

One of China's largest real estate developers Greenland HK has penned a deal with Australian aged care group, Provectus Care, headed by Shane Moran of the famed nursing home family, to help build aged care facilities in China where there is an acute shortage of beds.
http://www.afr.com/business/greenland-pens-deal-with-provectus-care-20170726-gxizdx

 

 

Currency & Financial

Westpac set to sell Hastings Management to Charter Hall Group

The Australian, 24 July 2017

Westpac (WBC) says it is in exclusive talks with Charter Hall Group over the bank’s sale of Hastings Management, a global infrastructure-assets business with funds under management of about $14.3 billion.

http://www.theaustralian.com.au/business/financial-services/westpac-set-to-sell-hastings-management-to-charter-hall-group/news-story/13e8b65357015d085d56d2dba1163f41

 

These 5 charts show you some of the key lessons every investor needs to learn
AFR, 26 July 2017

Investing is often seen as complicated.

http://www.afr.com/personal-finance/shares/these-5-charts-show-you-some-of-the-key-lessons-every-investor-needs-to-learn-20170725-gxis4c

 

Reserve Bank is caught in interest rates sandwich

The Australian, 27 July 2017

As the Australian dollar hit the magical US80 cents mark last night it confirmed that the rules of business and economics have changed dramatically from what we expected just six months ago.

http://www.theaustralian.com.au/business/opinion/robert-gottliebsen/reserve-bank-is-caught-in-interest-rates-sandwich/news-story/186c8da137d099c4c1335ab15387024c

 

Pacific Equity Partners sells Allied Pinnacle assets

The Australian, 27 July 2017

Private equity powerhouse Pacific Equity Partners is poised to kick off the year’s largest industrial and logistics sale with the offer of a $300 million-plus portfolio of assets sporting long leases to its Allied Pinnacle business.

http://www.theaustralian.com.au/business/property/pacific-equity-partners-sells-allied-pinnacle-assets/news-story/7de3db735c3595ed180f6af76ad21eed

 

Agriculture

Aussie seafood exports to China surge on lower tariffs

Under Current News, 25 July 2017

Australian seafood exporters are making good on lower Chinese import tariffs this year, although they still export more to the Asian giant through third countries, especially Vietnam.

https://www.undercurrentnews.com/2017/07/25/aussie-seafood-exports-to-china-surge-on-lower-tariffs/

 

Breakthrough in Australia's beef with China over meat exports

ABC Online, 28 July 2017

Australian beef which was shipped to China before the Asian powerhouse slapped a temporary import ban on some producers will now be allowed into the country.

http://www.abc.net.au/news/2017-07-27/australia-china-dispute-over-beef-imports-makes-early-progress/8749996

 

 

Resources

Offshore renewable investment soars amid clean energy debate

The Australian, 24 July 2017

Debate over the Clean Energy Target is tearing the federal Coalition apart, but a growing number of European firms in the renewable space are moving into Australia and are active buyers of land in Queensland and northern NSW.

http://www.theaustralian.com.au/business/dataroom/offshore-renewable-investment-soars-amid-clean-energy-debate/news-story/7a0c77272e1d82e54df6303c946600c3

 

Glencore snares 49pc of Hunter Valley coalmine in Yancoal deal

The Australian, 29 July 2017

Swiss miner Glencore and the Chinese-controlled Yancoal Australia could reap more than $US200 million ($250m) of annual savings in a deal that should realise Glencore chief Ivan Glasenberg’s long-held plan to consolidate the Hunter Valley coal industry.

http://www.theaustralian.com.au/business/mining-energy/glencore-snares-49pc-of-hunter-valley-coalmine-in-yancoal-deal/news-story/1bed9170c0ab97c76756094adb4f1b80

 

Retail & Tourism

Australia moves up Chinese travel bucket list

The Australian, 24 July 2017

Australia has leapt up the bucket list of Chinese tourists to the fourth most desirable destination, from tenth just two years ago — following the extension of access by providing 10-year frequent-traveller visas.

http://www.theaustralian.com.au/business/economics/australia-moves-up-chinese-travel-bucket-list/news-story/1caede1b161003116358e6376518474b

 

Australian retail will die harder than US, says AirTree's Daniel Petre
AFR, 26 July 2017

Retail armageddon in Australia will be worse than the US experience, says venture capitalist Daniel Petre, who argues there aren't enough fast food franchises to protect the property sector from shuttered shopfronts.
http://www.afr.com/markets/australian-retail-will-die-harder-than-us-says-airtrees-daniel-petre-20170726-gxj1xq

 

Accor goes up with ibis and Novotel high-rise hotel in Melbourne CBD
AFR, 27 July 2017

AccorHotels will open Australia's first dual-branded high-rise hotel in the Melbourne city centre in 2018, after striking a deal with Singapore's Well Smart Group.
http://www.afr.com/real-estate/commercial/hotels-and-leisure/accor-goes-up-with-ibis-and-novotel-highrise-hotel-in-melbourne-cbd-20170725-gxikrd


Darren Chester: Lessons in Chinese transport infrastructure

The Australian, 27 July 2017

Infrastructure and Transport Minister Darren Chester says Australia “has to learn from the China experience” in transport development, especially from its rapid creation of the world’s largest high-speed rail network.

http://www.theaustralian.com.au/business/economics/darren-chester-lessons-in-chinese-transport-infrastructure/news-story/416fc709a44450e99d34c5d38f47bbdb

 

Virgin Australia Is Planning New Flights to China

Bloomberg, 28 July 2017

Virgin Australia Holdings Ltd., the airline part-owned by HNA Group Co., aims to add two routes to mainland China to tap into the Chinese backer’s aviation hubs and the record flow of visitors heading Down Under.

https://www.bloomberg.com/news/articles/2017-07-27/hna-backed-virgin-australia-eyes-china-hubs-to-end-losing-streak

 

Education

Top higher education achievers named in AFR awards
AFR, 30 July 2017

The finalists in the 2017 Australian Financial Review Higher Education Awards include a critical thinking program for marginalised youth, a gamified learning app for mobile devices, a service program for students in Indigenous communities and an augmented reality module for teaching physiology and anatomy.
http://www.afr.com/leadership/top-higher-education-achievers-named-in-afr-awards-20170727-gxk5d0

 

Australian universities condemn anti-Chinese posters put up on campus

South China Morning Post, 26 July 2017

Australian police are investigating the appearance of anti-Chinese posters at two Melbourne universities on the first day of the new semester on Monday.

http://www.scmp.com/news/china/society/article/2104234/australian-universities-condemn-anti-chinese-posters-campus

 

China Domestic

China: Foxconn’s New US Factory Won’t Affect Company's Investment China

The Diplomat, 28 July 2017

On July 26, Terry Gou, the chairman of Foxconn — the Taiwanese electronics manufacturing company and supplier for Apple and other tech giants — met with U.S. President Donald Trump at the White House and announced his big plan for opening a new factory in Wisconsin. The next day, China replied that Foxconn’s investment in mainland China wouldn’t be affected.

http://thediplomat.com/2017/07/china-foxconns-new-us-factory-wont-affect-companys-investment-china/

 

Banks That Funded HNA's $40 Billion Spending Spree Halt New Loans

Bloomberg, 24 July 2017

Several Chinese banks that helped fund HNA Group Co.’s global acquisition spree are losing their appetite for financing the company, according to people familiar with the matter.

https://www.bloomberg.com/news/articles/2017-07-24/china-banks-that-funded-hna-s-growth-are-said-to-halt-new-loans-j5hnmp3f