The Australian Financial Review
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If we get another dose of the liberation day volatility โ even a fraction of it โ then investorsโ complacency could be exposed. https://www.afr.com/chanticleer/trump-can-still-make-markets-choke-on-the-taco-trade-20250603-p5m4fr?utm_medium=Social&utm_source=WhatsApp#Echobox=1748911154-1
The Fair Work Commission has awarded a 3.5 per cent increase to the minimum wage, lifting the nation's lowest-paid workers to $24.94 an hour or about $922 a week. https://www.afr.com/politics/federal/ukraine-russia-piece-talks-yield-little-progress-20250603-p5m4dz?utm_medium=Social&utm_source=WhatsApp#Echobox=1748910115-4
Australia doesnโt lack ideas for solving problems in housing, transport and clean energy. What it lacks are institutions that can follow through and deliver change. https://www.afr.com/policy/economy/bad-systems-and-regulations-holding-australia-back-20250603-p5m4gs?utm_medium=Social&utm_source=WhatsApp#Echobox=1748920706-3
GemLife's bankers have been given the green light to launch the circa $700 million IPO at a valuation of just under $2 billion. The land lease giant hopes to have the bookbuild wrapped up by next weekend. https://www.afr.com/street-talk/land-lease-giant-gemlife-green-lights-2b-asx-listing-bookbuild-next-week-20250603-p5m4k5?utm_medium=Social&utm_source=WhatsApp#Echobox=1748926289-4
#BREAKING: Australian shares are poised to advance at the open after Wall Street recovered from a shaky start to the week. RBA minutes, speech are in focus. Follow live updates. https://www.afr.com/markets/equity-markets/asx-to-rise-s-and-p-500-edges-higher-20250603-p5m4d9?utm_medium=Social&utm_source=WhatsApp#Echobox=1748896186-2
Artificial intelligence is levelling the playing field between nations. As Commonwealth Bank CEO Matt Comyn asks, will Australia seize the moment or will it be left behind? https://www.afr.com/chanticleer/matt-comyn-fears-ai-moves-us-from-lucky-country-to-left-behind-20250603-p5m4k7?utm_medium=Social&utm_source=WhatsApp#Echobox=1748931852
ASIC is suing Westpacโs mortgage broking subsidiary, RAMS, over alleged systemic misconduct, claiming that franchisees forged documents and manipulated borrower expense calculations. Read more: https://www.afr.com/companies/financial-services/westpac-sued-by-asic-over-systemic-failures-at-rams-20250604-p5m4r9?utm_medium=Social&utm_source=WhatsApp#Echobox=1748991894-4
#BREAKING: Australian shares are poised to open up. Semiconductor stocks gain. Trump to sign higher steel tariffs order. First-quarter GDP in focus. Follow live updates. https://www.afr.com/markets/equity-markets/asx-to-rise-nvidia-helps-pace-wall-st-higher-20250604-p5m4pp?utm_medium=Social&utm_source=WhatsApp#Echobox=1748982548-2
Thereโs plenty of history in Soul Pattsโ merger with Brickworks, but at the heart of the deal is a $2 billion prize that completes Soul Pattsโ portfolio. https://www.afr.com/chanticleer/this-is-what-the-soul-patts-deal-is-really-about-20250602-p5m49j?utm_medium=Social&utm_source=WhatsApp#Echobox=1748906452
Lending by banks to property development has plunged since 2008, exacerbating pressure on housing supply. Is it time for a rethink of the banking sectorโs regulatory settings? https://www.afr.com/chanticleer/this-chart-shows-bank-rules-are-making-the-housing-crisis-worse-20250602-p5m45i?utm_medium=Social&utm_source=WhatsApp#Echobox=1748842567