Stories in business this week – Jason Maywald

Business stories worth a read this week, compiled by Jason Maywald:

  1. – Evolution to sell Edna May gold mine in WA for up to $90 

    Evolution Mining has agreed to a deal to sell its Edna May gold mine in Western Australia to Ramelius Resources for up to $90 million.The agreement comes a week after Evolution (EVN) said it was reviewing several offers for the mine, which was one of its founding assets and produced 70,188 troy ounces of gold in the last fiscal year and accounted for about 8 per cent of Evolution’s total gold output.


  2. – Apple shares fall as iPhone unveiled 

    THE new iPhone has been hailed as “the biggest leap forward” in mobile phone technology in a decade, so why are investors so jumpy?Apple Inc’s share price had a tumultuous day after the company’s latest product announcement in Cupertino, California on Tuesday.



  3. – Google gets a Melbourne home alongside Nike 

    Tech giant Google will set up its first Melbourne office in the heart of corporate Australia, leasing space in US property group Pembroke Real Estate’s signature Collins Street building.Pembroke has been busy undertaking a major refurbishment of the T&G building at 161 Collins and is close to sealing a deal with Google as well as another key multinational tenant, sportswear brand Nike.



  4. – Aussie start ups warned to avoid China 

    Renowned Chinese investor and managing director of the fast growing country’s first start-up accelerator, William Bao Bean, has warned Australian start-ups against seeking riches by expanding to the region, saying products that work in Australia rarely succeed in Asia.Mr Bao Bean, who is also a partner at Chinaccelerator’s venture capital fund owner SOSV, is in Australia this week to speak at the Creative3 conference in Brisbane and will also be hunting for potential local investment opportunities.


  5. – Banks cut fixed rates on home loands as they start wooing investors againBanks are wading back into the market for interest-only home loans, cutting fixed interest rates as the industry grows more comfortable with a regulatory cap on higher-risk lending.
    Lenders including Commonwealth Bank, ANZ Bank and Suncorp last week cut some of their fixed interest rates, including for customers with interest-only loans, who have been targeted by regulators this year in a bid to cool the housing market.


Jason Maywald is a highly experienced legal and transactional advisor in the insurance and medical assistance sectors.