Pacific Perspectives
IFM wins more than 60pc of Atlas as takeover bid nears finish line
IFM Investors has secured more than 60 per cent ownership of Atlas Arteria as its $7.4 billion hostile takeover bid draws to a close and the global investment group prepares to overhaul the toll road…
Australia tops inflation rankings among all major developed economies
Australia has become an international inflation outlier, with economists arguing the Reserve Bank has not done enough to bring price pressures under control or offset the inflationary effect of elevated state and federal government spending.…
US clean power prices to soar as AI demand clashes with subsidy cuts
New York | US companies are facing a sharp increase in green energy costs as the Trump administration halts renewable tax credits at the same time as cash-rich data centres are snapping up the available supply.…
No rate cuts until 2027 as a fourth rise looms, say economists
Economists have all but ruled out an interest rate cut from the Reserve Bank of Australia before well into next year, while the chance of another rate increase remains a line-ball call as the central…
ASX to fall; Genesis launches $5.6b Vault bid, tops Regis offer
Australian shares started the week lower as losses in financials and consumer staples sectors offset broad gains in energy and technology. The S&P/ASX 200 Index was down 20.20 points, or by 0.2 per cent, to…
Microsoft strikes its first Australian AI media deal to boost Copilot
US tech titan Microsoft has inked the first deal of its kind in Australia, paying a media company to access news articles that will inform its Copilot artificial intelligence platform, in a multimillion-dollar boost for…
Trump bought Apple, Nvidia and other tech giants before tariff reversal fueled rebound
While investors and businesses spent the early days of April 2025 fretting over the future of global trade and the economy, President Donald Trump was busy buying into the stock market sell-off he created. Trump made 327…
Dow jumps nearly 600 points to record close; Nasdaq slides as chip stocks suffer: Live updates
The Dow Jones Industrial Average scaled to record highs on Thursday as investors reacted to a weaker-than-expected nonfarm payrolls report for June, while the Nasdaq Composite languished as semiconductors struggled once again. The 30-stock average added 594.83 points, or 1.14%,…
Record wave of ETFs flood the ASX, with more to come
A wave of new exchange-traded funds are flooding the sharemarket as firms jump on the soaring demand from retail investors looking for a cheap and tax-effective way to access some of Australia’s top fund managers.…
ASX ends up 1.4pc as gold stocks soar; PEXA sinks 21pc
Australian shares, led by gold miners, surged after weaker-than-expected US jobs data prompted investors to scale back bets on further Federal Reserve interest rate increases. The S&P/ASX 200 Index rose 1.4 per cent, or 119.80…