The push to allow IPOs to buy back shares to prop up prices
Its first two changes – surprisingly made at only the halfway point of a broader review into public and private markets – were ideas straight from the top end of town, the investment banks and law firms present whenever an Australian company taps public markets.
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The Age
an hour ago
- The Age
Australian News LIVE: Inside the mushroom murderer court case, new Trump tariffs; rate cut decision looms
Latest posts Latest posts 6.56am Alex de Minaur's Wimbledon campaign ends in disappointment By Marc McGowan Australia's hopes of a Wimbledon win have been toppled after Australian Alex de Minaur's loss to Novak Djokovic. With Roger Federer watching from the royal box, Australia's perennially underestimated tennis torchbearer returned to Wimbledon's centre court for the showdown he was supposed to have 12 months ago – and fell agonisingly short. Read how it played out here. 6.47am Are rate cuts coming? Australia awaits RBA decision By Millie Muroi and Shane Wright All eyes will be on the Reserve Bank this afternoon with RBA governor Michele Bullock expected to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic. On a $600,000 mortgage, a rate cut on Tuesday would be worth $100 a month and take to $300 the monthly savings since the Reserve Bank started easing monetary policy in February. However, not all economists are convinced the RBA will cut rates on Tuesday. Betashares chief economist David Bassanese said the bank could wait until the next quarter inflation report, due to be released at the end of the month, to get a better handle on how the economy was performing. Read our full story here. 6.38am This morning's top stories at a glance By Emily Kowal Good morning and welcome to today's national news blog. My name is Emily Kowal, and I will be taking you through today's top stories. It's Tuesday, July 8. Here's what is making news this morning. It's the case that gripped the world and now Erin Patterson has spent her first night behind bars after she was found guilty in the mushroom murder case. Our reporters take you inside the evidence we couldn't publish during the trial, including the moment Erin Patterson lost her cool, and where the unlikely murder weapon was found. In the United States, US President Donald Trump has unveiled a raft of new 25 per cent tariffs. Find out which countries are impacted here. It's (likely) rate cut day, with the Reserve Bank poised to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic. NSW Police will drop some of the charges laid against former Greens candidate Hannah Thomas after a review found officers incorrectly sought to use extraordinary emergency powers introduced to quell major riots.
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Australian News LIVE: Inside the mushroom murderer court case, new Trump tariffs; rate cut decision looms
Latest posts Latest posts 6.56am Alex de Minaur's Wimbledon campaign ends in disappointment By Marc McGowan Australia's hopes of a Wimbledon win have been toppled after Australian Alex de Minaur's loss to Novak Djokovic. With Roger Federer watching from the royal box, Australia's perennially underestimated tennis torchbearer returned to Wimbledon's centre court for the showdown he was supposed to have 12 months ago – and fell agonisingly short. Read how it played out here. 6.47am Are rate cuts coming? Australia awaits RBA decision By Millie Muroi and Shane Wright All eyes will be on the Reserve Bank this afternoon with RBA governor Michele Bullock expected to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic. On a $600,000 mortgage, a rate cut on Tuesday would be worth $100 a month and take to $300 the monthly savings since the Reserve Bank started easing monetary policy in February. However, not all economists are convinced the RBA will cut rates on Tuesday. Betashares chief economist David Bassanese said the bank could wait until the next quarter inflation report, due to be released at the end of the month, to get a better handle on how the economy was performing. Read our full story here. 6.38am This morning's top stories at a glance By Emily Kowal Good morning and welcome to today's national news blog. My name is Emily Kowal, and I will be taking you through today's top stories. It's Tuesday, July 8. Here's what is making news this morning. It's the case that gripped the world and now Erin Patterson has spent her first night behind bars after she was found guilty in the mushroom murder case. Our reporters take you inside the evidence we couldn't publish during the trial, including the moment Erin Patterson lost her cool, and where the unlikely murder weapon was found. In the United States, US President Donald Trump has unveiled a raft of new 25 per cent tariffs. Find out which countries are impacted here. It's (likely) rate cut day, with the Reserve Bank poised to deliver its fastest cut in interest rates since the early days of the COVID-19 pandemic. NSW Police will drop some of the charges laid against former Greens candidate Hannah Thomas after a review found officers incorrectly sought to use extraordinary emergency powers introduced to quell major riots.
The Advertiser
2 hours ago
- The Advertiser
Bright spots in agriculture amid market volatility
With droughts on one side of the country, floods on the other, and political volatility overseas, Australia's agriculture industry has been right in the thick of it. But there is reason for "cautious optimism" in the $90.7 billion sector as uncertain conditions create both threats and opportunities for the nation's producers, according to Bendigo Bank's mid-year agriculture outlook. Cropping, horticulture and cattle were forecast to be on the up in the second half of 2025, while prices for sheep and wool would remain stable, the report released on Tuesday showed. Aussie beef will continue to be on the menu in the US, where herd numbers are in decline due to drought and increased costs of agricultural inputs "Demand for beef is set to remain firm as the US reduction in supply continues to favour Australian producers," Bendigo Bank executive Neil Burgess said. Weather conditions have both helped and hindered production, as rainfall in NSW and Queensland improved soil moisture, boosted summer crop yields and gave winter sowing a strong start. However, heavy rainfall and flooding in both states has damaged farm infrastructure and reduced livestock numbers in some regions. At the same time, severe drought in parts of South Australia, Western Australia and Victoria has stifled production, upped the cost of feed and created a poor cropping outlook. With varying long-term rainfall forecasts across the nation, weather will be key to performance in the final half of the year, the report said. "The season so far underscores the growing unpredictability of Australia's agricultural climate, demanding resilience and adaptability across the sector from producers and the broader supply chain." The environmental challenges have been exacerbated by uncertainty in global conditions, with tariff announcements from the US and China creating volatility in trade. But those moves could improve the chances of a deal with the EU, which would be positive news for beef and lamb exports. "Overall, the outlook for Australian agriculture is cautiously optimistic amidst the potential for improved seasonal conditions combined with rising consumer demand and lower interest rates," the report said. "While the heightened uncertainty within the global trade environment remains a headwind for producers, processors and exporters alike, favourable trade terms and strong demand is expected to provide ongoing support." With droughts on one side of the country, floods on the other, and political volatility overseas, Australia's agriculture industry has been right in the thick of it. But there is reason for "cautious optimism" in the $90.7 billion sector as uncertain conditions create both threats and opportunities for the nation's producers, according to Bendigo Bank's mid-year agriculture outlook. Cropping, horticulture and cattle were forecast to be on the up in the second half of 2025, while prices for sheep and wool would remain stable, the report released on Tuesday showed. Aussie beef will continue to be on the menu in the US, where herd numbers are in decline due to drought and increased costs of agricultural inputs "Demand for beef is set to remain firm as the US reduction in supply continues to favour Australian producers," Bendigo Bank executive Neil Burgess said. Weather conditions have both helped and hindered production, as rainfall in NSW and Queensland improved soil moisture, boosted summer crop yields and gave winter sowing a strong start. However, heavy rainfall and flooding in both states has damaged farm infrastructure and reduced livestock numbers in some regions. At the same time, severe drought in parts of South Australia, Western Australia and Victoria has stifled production, upped the cost of feed and created a poor cropping outlook. With varying long-term rainfall forecasts across the nation, weather will be key to performance in the final half of the year, the report said. "The season so far underscores the growing unpredictability of Australia's agricultural climate, demanding resilience and adaptability across the sector from producers and the broader supply chain." The environmental challenges have been exacerbated by uncertainty in global conditions, with tariff announcements from the US and China creating volatility in trade. But those moves could improve the chances of a deal with the EU, which would be positive news for beef and lamb exports. "Overall, the outlook for Australian agriculture is cautiously optimistic amidst the potential for improved seasonal conditions combined with rising consumer demand and lower interest rates," the report said. "While the heightened uncertainty within the global trade environment remains a headwind for producers, processors and exporters alike, favourable trade terms and strong demand is expected to provide ongoing support." With droughts on one side of the country, floods on the other, and political volatility overseas, Australia's agriculture industry has been right in the thick of it. But there is reason for "cautious optimism" in the $90.7 billion sector as uncertain conditions create both threats and opportunities for the nation's producers, according to Bendigo Bank's mid-year agriculture outlook. Cropping, horticulture and cattle were forecast to be on the up in the second half of 2025, while prices for sheep and wool would remain stable, the report released on Tuesday showed. Aussie beef will continue to be on the menu in the US, where herd numbers are in decline due to drought and increased costs of agricultural inputs "Demand for beef is set to remain firm as the US reduction in supply continues to favour Australian producers," Bendigo Bank executive Neil Burgess said. Weather conditions have both helped and hindered production, as rainfall in NSW and Queensland improved soil moisture, boosted summer crop yields and gave winter sowing a strong start. However, heavy rainfall and flooding in both states has damaged farm infrastructure and reduced livestock numbers in some regions. At the same time, severe drought in parts of South Australia, Western Australia and Victoria has stifled production, upped the cost of feed and created a poor cropping outlook. With varying long-term rainfall forecasts across the nation, weather will be key to performance in the final half of the year, the report said. "The season so far underscores the growing unpredictability of Australia's agricultural climate, demanding resilience and adaptability across the sector from producers and the broader supply chain." The environmental challenges have been exacerbated by uncertainty in global conditions, with tariff announcements from the US and China creating volatility in trade. But those moves could improve the chances of a deal with the EU, which would be positive news for beef and lamb exports. "Overall, the outlook for Australian agriculture is cautiously optimistic amidst the potential for improved seasonal conditions combined with rising consumer demand and lower interest rates," the report said. "While the heightened uncertainty within the global trade environment remains a headwind for producers, processors and exporters alike, favourable trade terms and strong demand is expected to provide ongoing support." With droughts on one side of the country, floods on the other, and political volatility overseas, Australia's agriculture industry has been right in the thick of it. But there is reason for "cautious optimism" in the $90.7 billion sector as uncertain conditions create both threats and opportunities for the nation's producers, according to Bendigo Bank's mid-year agriculture outlook. Cropping, horticulture and cattle were forecast to be on the up in the second half of 2025, while prices for sheep and wool would remain stable, the report released on Tuesday showed. Aussie beef will continue to be on the menu in the US, where herd numbers are in decline due to drought and increased costs of agricultural inputs "Demand for beef is set to remain firm as the US reduction in supply continues to favour Australian producers," Bendigo Bank executive Neil Burgess said. Weather conditions have both helped and hindered production, as rainfall in NSW and Queensland improved soil moisture, boosted summer crop yields and gave winter sowing a strong start. However, heavy rainfall and flooding in both states has damaged farm infrastructure and reduced livestock numbers in some regions. At the same time, severe drought in parts of South Australia, Western Australia and Victoria has stifled production, upped the cost of feed and created a poor cropping outlook. With varying long-term rainfall forecasts across the nation, weather will be key to performance in the final half of the year, the report said. "The season so far underscores the growing unpredictability of Australia's agricultural climate, demanding resilience and adaptability across the sector from producers and the broader supply chain." The environmental challenges have been exacerbated by uncertainty in global conditions, with tariff announcements from the US and China creating volatility in trade. But those moves could improve the chances of a deal with the EU, which would be positive news for beef and lamb exports. "Overall, the outlook for Australian agriculture is cautiously optimistic amidst the potential for improved seasonal conditions combined with rising consumer demand and lower interest rates," the report said. "While the heightened uncertainty within the global trade environment remains a headwind for producers, processors and exporters alike, favourable trade terms and strong demand is expected to provide ongoing support."
