Yesterday
Chinese home buyers scout showrooms at midnight after stimulus
The swift turnaround in sentiment of retail investors has fuelled hopes that the country’s property market freefall may finally be halted.
- Bloomberg News
New York, New York: Regal head of trading strikes out on his own
Rushmont’s senior advisory board includes former Morgan Stanley Australia chief executive Steve Harker.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This Month
Morgan Stanley’s research franks itself
The global banking giant’s equity strategists want to start a “conversation” about excess franking credits. If it can decide who has them.
- Mark Di Stefano
September
I-MED bidders wrap their heads around data breach
The Permira-owned radiology giant has been the subject of media reports alleging data breaches and misuse of patient data.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Analysis
- Monetary policy
Did central banks get the inflation crisis right?
Rate-cutting cycles in recent decades – such as in the early 2000s, or during the financial crisis of 2007 – have tended to be associated with steep economic downturns.
- Sam Fleming, Colby Smith and Olaf Storbeck
Australia’s most powerful deal makers in 2024
If investors step up and hit the bid on those valuations, the market will see real momentum. If not, it will be the same painful conversation about dry powder next year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
PEP bankers up for aged care giant Opal HealthCare; lobs bid
Pacific Equity Partners’ secure assets team has put in a non-binding indicative offer for the $200 million-a-year business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Oliver Curtis rides the AI wave to make a $447m fortune in Singapore
The former investment banker went down in a high-profile insider trading scandal. But with data centre cooling technology, he’s back and richer than ever.
- Jessica Sier
Out of a job, not ready for golf: the rise of the portfolio career
Today’s public company chief executives and top leaders simply do not last as long in their jobs as they once did, so there are more unemployed high-flyers keen for work.
- Brooke Masters
China urged to spend up to $2.1 trillion to battle deflation
Economists warn the more embedded deflation becomes, the more it will cost to dispel it through stimulus measures.
- Joe Leahy and Thomas Hale
Morgan Stanley’s Tim Church awaits real estate M&A’s ‘big thaw’
The investment bank’s veteran real estate operator says expectations of impending interest rate cuts and a desire to deploy capital is getting deals going.
- Jemima Whyte
Australia just had its hottest M&A week (and it’s only September)
Nearly $24 billion worth of Aussie M&A deals were announced between Monday and Thursday evening – the highest since Newmont’s $24.4 billion bid for Newcrest last year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Data centre owner Infratil revels in the AirTrunk effect
Shares in the CDC investor rose on Wednesday following AirTrunk’s $23.5 billion sale to a Blackstone-led consortium.
- Tess Bennett
August
Global Infrastructure Partners closes in on $5b-plus Jemena stake
Jemena is the largest gas distributor in NSW, and the state-owned utilities giant’s slice is expected to be worth $5 billion to $6 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Even Temu is crashing, in red flag for China’s economy
PDD Holdings, owner of market darling Temu, has surprised investors with an unusually gloomy outlook, as the nation’s economic malaise takes a toll on demand.
- Updated
- Yujing Liu
Goldman Sachs shops at rival for equities talent
Street Talk understands Morgan Stanley equity sales vice president Beatrice Tsu-Jones is set to join Goldman’s sales team as a VP.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Morgan Stanley Wealth shuffles the deck, snaps up MSCI exec
Street Talk understands head of managed product and capital markets Shaun Bornstein is on his way out the door after eight years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Play the living sector’: MS, Barrenjoey target buyers for $3.5b Aveo
Street Talk understands the sale process is expected to kick off in the fourth quarter of 2024 with a value exceeding $3.5 billion sought.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Lithium mine closures just ‘tip of the iceberg’
UBS is the latest broker to slash its lithium forecasts, warning that more projects need to close or pause production to end the collapse in prices.
- Alex Gluyas
MinRes insto briefing sparked ASIC probe
A packed briefing given to Morgan Stanley clients in July 2018 sparked a 7.6 per cent bump in Mineral Resources’ share price – and an ASIC investigation.
- Updated
- Myriam Robin