Key headlines: BoQ announced a “surprise” $450m capital raising to strengthen its balance sheet after experiencing a (rare in Australia) $91m loss in 1H12. Westpac strategy is challenged. Chinese giant telecommunications company Huawei has been banned from tendering for the NBN. QLD State election: Coalition in power, Labor reduced to 6-8 seats in the 89 seat Parliament, largest defeat in the state’s history.
Theme of the week: bonds vs stocks