Pacific Perspectives
$25m a year on red tape is driving up power prices: AGL
The boss of the country’s largest power and gas retailer says it spends up to $25 million a year dealing with compliance and regulation costs that inevitably are passed on in part to consumers. The…
The ASX stock that Ausbil says has ‘material upside potential’
David Lloyd is portfolio manager at Ausbil’s $605 million Australian emerging leaders fund. The Sydney-based firm oversees $19.4 billion in assets. Have there been many opportunities to invest amid all the geopolitical tariff-related uncertainty? Have…
RBA, Fed in no rush to cut interest rates, economists warn
Interest rates in Australia and the United States may be on hold for longer than the market and borrowers are hoping, thanks to resilient jobs numbers that suggest there is no pressing need to cut…
Dow posts narrow loss after Fed signals it’s in no hurry to cut rates: Live updates
The Dow Jones Industrial Average ended Wednesday modestly lower following the Federal Reserve’s latest policy update, where the central bank kept interest rates steady and Chair Jerome Powell signaled it would wait to see the…
Dow posts narrow loss after Fed signals it’s in no hurry to cut rates: Live updates
The Dow Jones Industrial Average ended Wednesday modestly lower following the Federal Reserve’s latest policy update, where the central bank kept interest rates steady and Chair Jerome Powell signaled it would wait to see the…
Major Santos shareholder L1 Capital backs $36b takeover
One of the largest active investors on the share register of Santos has backed the $36 billion bid for the oil and gas giant by the Abu Dhabi National Oil Company and US private equity…
AGL Energy brings in bankers to sell stake in Tilt Renewables
AGL Energy is preparing to offload its stake in Tilt Renewables, the green energy developer that it helped pluck off the Australian and New Zealand stock exchanges in a $2.7 billion bid four years ago.…
ASX to open lower; Fed holds as Wall St rises
The Australian sharemarket is set to open lower as iron ore extended its decline and the Federal Reserve kept interest rates on hold as expected. Futures for the ASX 200 were down 0.2 per cent…
Fed sees its preferred inflation gauge topping 3% this year, higher than previous forecast
The Federal Reserve sees inflation rising again to top 3% this year amid the uncertainty around President Donald Trump’s trade policies and intensifying geopolitical risk. Federal Open Market Committee participants said at their June meeting that…
Tesla stock slips after report EV maker is pausing Cybertruck and Model Y production
Tesla shares fell nearly 4% on Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas. The production stoppage begins June 30, Business…