Daily FNArena News

Macquarie Airports has internalised management via a deal with Macquarie Bank. Who’s next?

Barclays Capital notes oil demand is more sensitive to economic growth rates in Asia than in other regions.

Weekly musings from your editor. Australian banks look particularly cheap on a two year horizon, and Wesfarmers absolutely does not.

UBS is the only broker to rate Cochlear a Buy in the FNArena database and it sees upside risk to its forecasts from additional sales in China.

The Chinese government has publicly acknowledged its policy to diversify away from the US dollar and into foreign companies.

There is an embarassing stand-off going on in Australia’s defence industry at present, but WA junior Quickstep may emerge as a unique victor.

Barclays Capital suggests a normalisation of the oil market balance requires higher prices to be achieved.

BHP Billiton broadly matched expectations with its quarterly production report but analysts remain divided over the relative value on offer in the stock.

Australian CPI data largely matched market expectations in the June quarter, suggesting interest rates are likely to remain on hold.

Transpacific Industries may have addressed its immediate debt concerns but brokers remain cautious on the stock.