Perth commentator Tim Treadgold is one of the state's highest-profile business journalists. He brings decades of experience to Business News, offering readers sharp and insightful analysis of current events and breaking news.
It’s not often that a breath of fresh air wafts out of Europe, but last night was a time for a few revolutionary comments about business, specifically that ride-sharing service Uber is ‘not a problem, just a new business model’.
As much as Australia might benefit from a cut in official interest rates, it would definitely benefit from encouraging a new industry, such as the nuclear-fuel processing facility being championed by the South Australian government, and supported by Prime Minister Malcolm Turnbull.
A dispute over the future of the failed Ellendale mine might not be the worst event in the downturn hurting the state’s once-brilliant diamond industry, because the much bigger Argyle mine is also facing a fresh threat to its future.
Gas, tuna, and crayfish might not seem to have a clear connection, but there is a link – and it’s one Jeff Kennett thinks might become a worry for local supermarkets and promoters of Australian food exports to Asia.
Tipping the top or bottom of a market is never smart, especially at a time of volatile trading; but a series of recent events point to confidence growing in the start of a recovery in the Western Australian economy.
It is hard to find a winner in the coal-mining industry these days but some investors were quick to spot a Perth-based winner yesterday in the form of Wesfarmers, which saw the value of its coal assets boosted by a deal in the Hunter Valley of NSW.
If Andrew Mackenzie and Sam Walsh are right, then Western Australia’s commodity dependent economy could be at the start of a recovery; and not before time, given the weakening state of the property market as measured by mortgage defaults.
If Woodside Petroleum’s one-for-four share swap bid for rival LNG producer Oil Search was plan A, then plan B, when it comes, had better be a beauty, because so far no-one apart from Woodside management can say anything positive about the proposed takeover.
Tipping a commodity price recovery that will boost Western Australia’s economy is a game for the brave or the foolish; and while Colin Barnett came close to being one or the other yesterday, he was actually just being premature.
If ever Western Australia is to have another slogan on vehicle number plates, then the favourite has to be a return to the short-lived ‘Golden State’ catchphrase.
Following its recent currency devaluation, a more competitive China should prove to be a good thing for Western Australia’s export industries, but there will be some pain in achieving that possible future benefit because no-one knows how other countries will react to the China surprise.
To merge or to demerge is a question that goes beyond the mining industry; it’s one that is also dividing opinions in the media world, with Australian and American publishers heading in opposite directions in what looks like a classic schism of ideas.
BHP Billiton’s annual profit statement to be released next month could contain a pleasant surprise for shareholders, and a nasty surprise for Australia.
Architects have a saying about ‘less being more’. The mining industry has flipped that around with ‘more being less’, as shown in this week’s production reports and share prices of Fortescue Metals and BHP Billiton.
Retail, not mining, has borne the brunt of the slowdown in Western Australia during the past 12 months, with a study of the state’s economy by the investment bank Goldman Sachs revealing a startling decline in retail jobs of more than 20 per cent.
A small batch of bauxite sent overseas for refining may signal the start of a much bigger play by Alcoa, which would have major consequences for WA’s South West.