Future Fund goes too soft keeping corporates in line
Not only is the $290bn fund reluctant to put real heat on listed companies, it is painfully late to the proxy party.
Markets
Expanded powers: ASX in sights of regulators
The ASX will face closer scrutiny from ASIC and the RBA after parliament passed new laws to regulate the market operator, particularly in a crisis.
Will the Fed push Australia to take the rate plunge?
The coming months will mark a test over Australia’s bet on so-called “dovish” rate hikes.
Low-risk strategies and gold to the fore as Fed rate cuts arrive
With US interest rates cut sharply and Australia’s Reserve Bank expected to follow by early 2025, strategists are looking at what works best in equities as central banks pivot to cuts.
Tabcorp chair steps down; ASX 200 hits new record
Bruce Chenoweth will assume chair role at gaming giant. Strike, MinRes lift on WA gas policy tweak. US Fed’s jumbo rate cut ramps up RBA pressure. Total Tools hit with data leak. Second class action hits Harvey Norman for allegedly useless warranties.
US Fed goes with bolder 0.5 per cent rate cut
Chairman Jerome Powell’s hoping the bank’s first rate cut since 2020 will prevent a gradual cooling in the labour market from turning into a deeper freeze. Stocks closed lower after wild swings.
ASX flat after choppy session ahead of US Fed rate call
PolyNovo director pockets near-$2m in selloff. ‘Misalignment’ between Labor and business risky: KPMG. Harvey Norman sued over alleged worthless warranties. Woodside sets up decade of LNG supply to Japan.
New tilt at dental group Pacific Smiles
The battle for dental group Pacific Smiles has taken another turn after its largest shareholder, private equity business Genesis Capital, increased its off-market takeover bid.
Phil King eyes bid for ‘long-suffering’ Platinum Asset
Regal Partners could become a $29bn powerhouse as it mulls a takeover bid for Platinum Asset Management amid plans by Phil King’s investment house to double down on its growth strategy with its biggest play yet.
ASX 200 hits new high; Platinum, Pacific Smiles lift
New Hope’s underlying earnings still solid on ‘robust’ coal price. Platinum urges no action amid Regal bid assessment. Casino operator Star agrees lender terms. Genesis back to claim control of Pacific Smiles. Shareholders approve Webjet demerger.
Bad bank loans ‘to haunt home lenders’
A rising tide of bad home loans could trigger a sell-off in bank shares, Citi analysts have warned.
How US election can reset global shares
There are potentially far-reaching consequences from the US election, including the possibility of a new global trade war.
US vote good for stocks as uncertainty departs
Markets hate uncertainty, but the looming US presidential poll will end that soon.
ASX closes at record high as US Fed rate cut nears
Alcoa rises on $US1.1bn cash-scrip Saudi stake sale. Austal soars on $670m US shipyard expansion contract. Fair Work Commission lands Virgin pilots deal. Police & Nurses Limited calls off merger with Beyond Bank.
What’s a CEO really worth?
Elon Musk’s $68bn Tesla pay deal raises the question of whether one single person really can deliver that much value and how Australia’s top CEOs stack up.
Macquarie sees hope for infrastructure deals
Macquarie sees signs of a pick-up in infrastructure deals as interest rates start to come down and economic growth holds up better than expected.
ASX 200 trims gains; Star gets NICC show cause notice
Star contemplates response to NSW regulator alongside financial debt talks. Regis soars on potential aged care reform benefits. Namoi Cotton bidding war intensifies with Olam’s higher offer. Atlas Arteria gears for French tax fight.
JPMorgan warns of sharemarket correction
The worst month for equity fund flows since the end of 2022 ‘portrays a picture of fragility rather than resilience’ in terms of retail investors’ impulse into equities, JPMorgan warns.
ASX 200 hits eight-day high; WiseTech’s new record
Nine’s change of guard as Mike Sneesby leaves at the end of September. Brickworks flags $123.5m impairment on weak markets. Qantas ex-boss Joyce paid millions more. ACCC gives banks, AusPost, supermarkets nod for cash-in-transit contingency planning.
Super funds target private debt for high returns
Arrowpoint Capital says the private debt market has never been more popular with super funds as it launches a new product, but it will avoid retail and hospitality firms.
Original URL: https://www.theaustralian.com.au/business/markets/page/20