What matters this week
Virgin Airlines has had its share register change again. Air New Zealand has sold out its 26% stake to Nashan Group, a Chinese conglomerate. Qantas' domestic competitor has a share register like a paper mosaic: Etihad, Singapore Airlines, Virgin Group, HNA (China) and now Nashan (China). Etihad and Singapore each had a chance to bulk up their Australian presence, but declined - Qantas will be relieved.
On-line retailer Kogan will list its shares in early July. Kogan, which commenced in 2006 as an online retailer with a range of two LCD televisions, will have market capitalisation of about $170m. Kogan purchased Dick Smith's online business earlier this year.
Overseas: Bill Gross, the well-known and successful US bond manager has come up with a most depressing quote:
“Global yields lowest in 500 years of recorded history, $10 trillion of neg. rate bonds. This is a supernova that will explode one day.”
Well, that's that.
Tesla Motors Inc, the US maker of electric cars, had its share price fall sharply after the U.S. National Highway Traffic Safety Administration said it is looking into a potential suspension issue on the Model S sedan.