Pacific Perspectives
Transurban throws spanner in works for La Caisse’s WestConnex exit
How much did Transurban pay to climb to 60.5 per cent ownership of WestConnex, the country’s most valuable privately owned toll road? That was the question doing the rounds in infrastructure circles on Thursday morning…
The tax-free investment perk you probably didn’t know existed
High-income earners have poured billions into early-stage venture capital funds lured by the promise of CGT-free high returns. And they just got more generous. Many investors hope they will be prescient – or lucky –…
ASX to rise, US bond yields drop from two-decade highs, oil surges
Australian shares are set to rally on positive sentiment from Wall Street as the sell-off in global bonds at least temporarily reversed, and bets on US interest rate rises plunged. Oil surged back above $US102…
The U.S. just made it much easier for retail investors to access private markets
The Securities and Exchange Commission has greenlit sweeping plans to widen access to private markets to individual investors — just as the industry’s rush into retail faces sharper scrutiny. SEC chairman Paul Atkins said investor…
Tesla makes a move on Southeast Asia’s largest EV market. A homegrown giant awaits
Tesla is laying the groundwork to enter Vietnam, setting its sights on a fast-growing electric vehicle market where a formidable homegrown rival is already deeply entrenched. The U.S. electric vehicle maker registered a local entity,…
Investment bankers set for $215m fee bonanza in Firmus float
Firmus Technologies’ float is set to deliver investment bankers a $215 million payday, making it the most lucrative ASX listing for advisers ever. The company, which rents out its specialised processing chips to large technology…
As bond yields rise, investors need to play the long game
Despite short-term volatility, bond and equity markets are still likely to generate positive returns over the next 12 months, backed by long-running themes. The sharp rise in long-term government bond yields is an important development…
The big one is rumbling in the bond market
Government borrowing costs are their highest since the eve of the global financial crisis 19 years ago, and rising at a pace not seen since long before then. The tectonic plates of the global economy…
S&P 500 falls Wednesday despite softer-than-expected inflation data; index posts losing September
The S&P 500 slid on Wednesday, the final day of September, even after new U.S. economic data showed inflation slowed last month. The broad-market index dropped 0.25%, giving up its gains from earlier in the…
The Fed’s main inflation measure will be released Wednesday.
If anyone at the Federal Reserve is looking for evidence arguing against another interest rate hike, they’re unlikely to get it in data due Wednesday that is expected to show ongoing price pressures and consumers…