Richard Gluyas
The Australian
Melbourne, FL, United States
Contact Richard
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Past articles by Richard:
Fund manager warns of market parallels with pre-GFC peak
ONE of the nation’s top fund managers has warned that markets are starting to show worrying signs seen at the pre-financial crisis peak, as investors fret about a looming correction amid rising global interest rates and slumping commodity prices. → Read More
Banking timetable becoming clearer, despite concerns
AS amber lights again start flashing in the global financial system, local policymakers are counting down to a resolution framework for the major banks’ “too big to fail” conundrum. → Read More
Regulatory regimes too dated to stop high frequency trading monster
IF you thought the risk of another “flash crash” had somehow receded, think again. → Read More
Premier on expansion drive
SHARES in Premier Investments surged 8 per cent yesterday on the back of a strong annual result, as executive chairman Solomon Lew dampened speculation of a Myer takeover by revealing that he doesn’t own shares in any department store business in Australia or elsewhere. → Read More
Solomon Lew, McInnes put Premier in a sweet spot
AS other discretionary retailers flounder, Premier Investments has found a sweet spot, with troublesome core brands like women’s fashion group Jay Jays now stabilised and growth businesses such as child stationery operation Smiggle starting to deliver on swollen expectations. → Read More
Yellen’s counsel will be hot property in Cairns
THE world’s largest asset manager, the US Federal Reserve with its $US4.5 trillion ($4.9 trillion) under management, is gearing up for its most important policy meeting of the year, with potential ramifications for global asset markets. → Read More
Ian Macfarlane to the make science the focus
IN the coming weeks, Industry Minister Ian Macfarlane will unveil a policy framework designed to usher in a dramatic shift in the role of his department. → Read More
Reality check forces Arrium to repair balance sheet and cut costs
IF it wasn’t apparent already, the bear case for iron ore is now overwhelming after yesterday’s move by mining and steel group Arrium to tap shareholders for $754 million in a deeply discounted capital raising. → Read More
News to rev up online car site
CARSGUIDE, the privately owned joint venture between News Corp and a group of major car dealers, is reinventing itself for a renewed assault on the dominant online auto industry marketplace Carsales.com.au. → Read More
Geoff Porz savours taste of vindication as appeal clears air
IT was last week, after a four-year fog of litigation abruptly lifted, that Geoff Porz began to savour the sweet smell of vindication and a reputation restored. → Read More
ANZ backs fight against capital rules
ANZ Bank has rejected suggestions it is futile to resist calls for higher levels of bank capital, arguing that the significant extra cost imposed on the industry would outweigh any benefit from a marginally safer financial system. → Read More
Australians urged to broaden horizon beyond China
THE nation should broaden its economic “fascination” with China to include other fast-growing countries in the region, with the role of South-East Asia in the world economy at a “watershed”, according to a senior executive at ANZ Bank. → Read More
Brambles invests $556m in UK firm
BRAMBLES has lifted its exposure to the volatile oil and gas sector by paying a hefty £320 million ($556m) for the privately-owned specialist containers business Ferguson Group, of Aberdeen in Britain. → Read More
Out of thin air: profits lay in loyalty points program
LEGENDARY investor Warren Buffett once used the defence of “temporary insanity” to explain a failed investment in a US airline in the late 1980s. → Read More
AusPost needs urgent reforms to arrest the free fall in earnings
AFTER repeated warnings this year about the dire state of Australia Post’s letters business, no one can say the company’s first half-year loss since it was corporatised in 1989 is a surprise. → Read More
Red-letter day as Australia Post delivers half-year loss
THE federal government will respond in “the coming months” to calls by Australia Post for dramatic changes to its letters service, after the mail company suffered its first half-year loss since corporatisation in 1989 due to a continuing wave of digital disruption. → Read More
It’s crisis time for Australia Post
AFTER repeated warnings this year about the dire state of Australia Post’s letters business, no-one can say that the company’s first half-year loss since it was corporatised in 1989 is a surprise. → Read More
Coles tries to soothe job cuts pain
COLES has tried to neutralise criticism of sizeable job cuts at its Tooronga head office by saying it would soon cut the ribbon on a new phase of expansion for its store network. → Read More
Former premier caught up in BoQ conspiracy claim
A TOP commercial customer of Bank of Queensland before the financial crisis is seeking $428 million in damages from the regional bank, alleging an extraordinary conspiracy to gain control of his assets by causing a default on various loan facilities and personal guarantees. → Read More
Coles confirms 438 Melbourne job cuts
COLES has confirmed it will cut 378 permanent jobs across its Melbourne operations, while 60 contractor positions will also be cut from its Tooronga-based store support centre. → Read More