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This Month

Mall owner says rates relief ‘turning point’ in sight

High interest rates and inflation have been a drag on mall owners such as Region Group just as much as shoppers. But the landlord just revalued its portfolio upwards.

  • Nick Lenaghan

Activist Sandon says Magellan redemption fears ‘overblown’

Sandon Capital shrugs off concerns about outflow risks at Magellan from the departure of long-time infrastructure portfolio manager Gerald Stack.

  • Joanne Tran

January

Earlier this month, Star reported that it continued to burn through its remaining cash.

Oaktree’s dealmakers reopen file on Star Entertainment; advisers in tow

Oaktree is understood to be actively monitoring the situation and is reasonably advanced in its efforts, ahead of special situations rival Cerberus.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Australian Open.

Banker showdown at the Australian Open men’s final

At the tennis, Jannik Sinner triumphed over Alexander Zverev as three duelling investment banks put on their own show.

  • Updated
  • Myriam Robin and Zoe Samios
Tim Usasz has held senior roles at UBS and Credit Suisse.

UBS equities syndicate exec jumps to Morgans

Tim Usasz will report to Morgan’s head of corporate advisory Rob Douglas

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Star chief executive Steve McCann is working to keep the company afloat.

Fire drill at battered casino owner Star Entertainment as FTI meets lenders

FTI is understood to have briefed the lender group on how a VA could play out for Star as well as for the banks and credit funds with more than $400 million on the line.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
An Amcor packaging plant in Italy. The company is already the largest consumer packaging goods business in the world, and is merging with Berry Group.

Amcor pounced on Berry merger after ‘Party A’ walked away, filings show

The all-scrip, $13 billion deal to merge with the New York-listed packaging group will create a company with 400 plants and 75,000 staff worldwide.

  • Simon Evans
Stellantis CEO Carlos Tavares, left, and Thierry Kostkas, CEO of Citroen, beside a Citroen C5 Aircross Concept at the Paris Motor Show late last year.

European carmakers braced for tough 2025 despite ‘firework’ of launches

The return of EV sales growth this year will also come with the high costs of meeting tougher emissions rules and more discounts as consumers seek affordable cars.

  • Kana Inagaki and Ian Johnston
Credit Suisse earlier paid $US2.6 billion in fines to the US, but failing to carry out the follow-up actions left it open to further penalties.

UBS set to settle Credit Suisse US tax case, WSJ reports

A settlement in the hundreds of millions of dollars related to a decade-old tax evasion case could come as soon as this week, The Wall Street Journal reported.

  • Noele Illien
European airlines have complained that Chinese carriers have an unfair advantage and are establishing a stranglehold on routes between the two regions.

Chinese airlines rush into Europe as Western carriers retreat

Scandinavian Airlines, Lufthansa, British Airways and Virgin Atlantic have all suspended some routes to the mainland in 2024, citing cost pressures from avoiding Russia.

  • Chan Ho-him and Philip Georgiadis
It might be wise to stick with the Trump trade for a while.

Three assets to sell right now and three to buy for 2025

Leading market strategists say it’s time to take a hard look at your portfolio and sell stocks that have been good to you.

  • Andrew Hobbs

December 2024

Goldman Sachs co-head of investment banking Nick Sims.

JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A

While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Loscam previously attempted to hive off its Australian business via Goldman Sachs and UBS.

Brookfield in advanced talks to buy Loscam Asia-Pacific division

While there have been plenty of false starts in the efforts of Loscam’s owners to exit the business, sources said the transaction was on track to sign soon. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Rio Tinto is expected to start producing lithium from its Rincon project in Argentina before the end of 2028.

Rio Tinto sinks $3.9b into Argentina lithium project

Rio Tinto has doubled down on its lithium bet with a big investment in its Rincon lithium brine project, months after agreeing to buy Arcadium Lithium.

  • Elouise Fowler and Mark Wembridge
Carlyle country head Geoff Hutchinson.has finished up the year with a bang.

Bigwig lenders line up to bankroll Carlyle’s big waste services buy

Confidential documents seen by Street Talk show the Nasdaq-listed asset manager has secured a covenant-lite unitranche loan.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Inside The Ivy Level 6 penthouse, where UBS didn’t want to be.

UBS, Citi, ANZ and CBA navigate fraught Christmas parties

The investment bankers of Sydney held their year-end dos against a backdrop of complex contextual matters.

  • Myriam Robin and Mark Di Stefano
The biggest investment banks work hard to put themselves at the top of important league tables as they set up to compete for deals next year.

Block trade rush trips up investment banks amid league table scramble

A number of massive sell downs in the last month have given equities teams an opportunity to jump up all-important rankings as they position for next year.

  • Jemima Whyte and Kanika Sood
UniSuper investments chief John Pearce is done with APA Group.

Goodbye, APA! UniSuper sells leftover $340m stake in pipelines giant

It’s been a block bonanza for fund managers and investment banks this week, as founders and institutional investors seek to cash out before Christmas.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The bulls are charging into 2025 with plenty of momentum.

Here’s the key ASX sector UBS is targeting in 2025

The ASX 200’s strong rise has been tinged with frustration for many investors because of the banks and miners. UBS is hunting in a different sector in 2025.

  • James Thomson

November 2024

RBA governor Michele Bullock told attendees that inflation was still too high while speaking on Thursday night.

Economists abandon hopes of RBA cutting rates in February

Economists at AMP, ANZ and Bank of Queensland have joined a chorus of forecasters expecting rate cuts no sooner than May.

  • Alex Gluyas and Joshua Peach

Original URL: https://www.afr.com/company/ubs-group-ag-1mva