Can Macquarie keep the chaos going?
An increasing share of Macquarie Groupâs earnings has come from profiting from volatility and dislocation across global markets. But analysts are wondering whether the wild ride will continue?
May 17, 2021 â 12.01am
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When Macquarie Group delivered its annual results on May 7, one thing that sullied the outlook for the company was that its record-setting $3 billion annual profit was underwritten by a stellar result in its commodities and global markets operations.
Macquarie made $800 million of net income from surfing on âdislocationâ, or volatility, in oil markets, precious metals trading, particularly in gold, and in energy markets. It was helped by a historic winter storm in the US that pummelled the state of Texas but delivered a tailwind worth up to $300 million for Macquarie Groupâs energy trading business.
Rear Window revisited as reporter gets behind a $10,000 camera
A Walkley Award-winning investigative journalist relishes the opportunity to get behind a very expensive camera while staying at a Park Hyatt Sydney suite, with views across the city.
The Park Hyatt offers probably the best view in town of the Sydney Opera House.
Apr 28, 2021 – 1.51pm
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Rear Window, Manhattanite and professional photographer LB “Jeff” Jefferies witnesses what he believes is a murder while passing time snooping on his neighbours through his apartment window while confined, broken leg in a cast, to a wheelchair.
It is in this admittedly morbid spirit that my editor has sent me to the Park Hyatt hotel overlooking Sydney Harbour to experience the newly launched five-star GFX Suite – a tie-up between Fujifilm and the luxury hotel that allows well-heeled staycationers to trial one of the world’s highest performing large-format digital cameras, the 102 Megapixel Fujifilm GFX100S, while enjo