Pacific Perspectives
WestConnex pension fund backer puts big stake in $33b road up for sale
Data centres have been all the rage for the last two years, but infrastructure investors have a new prize to pursue thanks to Canada’s La Caisse, which has mandated Macquarie Capital to sell its stake…
Rate market fear gauge is warning for corporate bonds
Corporate bonds have been relatively resilient amid a global government bond selloff, but the strength may not last. Bond market volatility, a measure of uncertainty about the direction of bond yields, is spiking. Historically, that…
ASX to waver as more tough talk from RBA expected
The Australian sharemarket is poised for a cautious start on Monday as investors prepare for a fourth interest rate rise this year, amid fears the central bank will keep warning that it will do whatever…
Stock futures slip after winning week on Wall Street: Live updates
Stock futures fell slightly on Sunday night following a winning week despite Treasury yields spiking to multiyear highs. Dow Jones Industrial Average futures pulled back 97 points, or 0.2%. S&P 500 futures lost 0.2% along…
Oracle sends ‘force majeure’ notice about data center project — stock drops 3%
Oracle shares fell more than 3% on Thursday following news that the company sent a “force majeure” notice tied to its New Mexico data center project to protect itself from higher expenses. “Project Jupiter remains…
Santos CEO wants gas reserve rules set, but with key changes
Santos chief executive Kevin Gallagher is set to call for timely decisions on the federal government’s planned gas reservation system to clear the way for billions of dollars of potential investment to develop production in…
ASX set to fall as oil rises, bond yields surge
Australian shares are poised to open lower. The yield on the US 10-year note rose 8 basis points to 5.2 per cent during New York’s trading day. Oil topped $US107 a barrel amid conflicting headlines…
Stock futures are little changed as Dow heads for fourth straight losing week
U.S. equity futures are little changed Thursday evening as Treasury yields continued their climb. Futures tied to the Dow Jones Industrial Average fell 34 points, or 0.06%. S&P 500 futures were down 0.05%, and Nasdaq-100…
Market sees next Fed hike in October, following Barr comments and hot inflation reading
An October interest rate hike is very much on the table after a top Federal Reserve official Wednesday expressed support for one, and as fresh economic readings showed intensifying inflation pressures. In remarks prepared for…
Want to really fix Australia? Here are five big ideas
Nothing quite focuses your mind like the threat of losing your house. Just ask Greg Boorer, the co-founder of pioneering CDC Data Centres, who was helping Australian customers get into cloud computing and artificial intelligence…