Faster IPOs Under New ASX Trial Starting Monday
Good morning, if you had a long weekend, I hope you're well rested. Paul-Alain Hunt from the Melbourne bureau with you this morning with the key headlines.
Today's must-reads:
• ASIC to make IPO process faster
• Rio Tinto seeks smelter bailout
• Trump sends in Marines
As listings continue to fall on the ASX, the corporate watchdog has moved to cut the time it takes to float. An Australian Securities and Investments Commission trial starts Monday for initial public offerings to encourage more companies to go public.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
22 minutes ago
- Business Upturn
I regret some of my posts about President Trump: Elon Musk expresses regret
By Aditya Bhagchandani Published on June 11, 2025, 12:44 IST In what appears to be a shift in tone, Elon Musk on Tuesday posted that he regrets some of his recent remarks about President Donald Trump, saying, 'They went too far.' I regret some of my posts about President @realDonaldTrump last week. They went too far. — Elon Musk (@elonmusk) June 11, 2025 This comes just days after Trump addressed their ongoing feud, stating he wished Musk 'very well' and suggesting the tech mogul might be seeking a conversation. In a gesture that caught attention, Musk had responded with a heart emoji on X (formerly Twitter), sparking speculation about a possible reconciliation. Tensions between the two escalated last week after Musk called Trump's proposed 'One Big Beautiful Bill Act' a 'pork-filled abomination' and accused the President of suppressing Jeffrey Epstein-related files. The latter post, which Musk later deleted, reportedly infuriated Trump, who retaliated with harsh criticism and even threatened to sever government contracts with Musk-led firms. The feud intensified when Musk countered by threatening to halt NASA-linked SpaceX missions and claimed Trump would have lost the 2024 election without his support. He also floated the possibility of impeachment. However, Musk's latest message—posted at 12:34 PM on June 11—marks a notable departure from his confrontational stance, possibly signaling the beginning of a de-escalation. While no official conversation has been confirmed, both camps appear to be softening their positions, leaving the door open for future dialogue. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
30 minutes ago
- Yahoo
Musk says he regrets some posts he made about Trump
(Reuters) -Billionaire Elon Musk said on Wednesday that he regrets some of the posts he made last week about U.S President Donald Trump, in a message on his social media platform X. "I regret some of my posts about President Donald Trump last week. They went too far," Musk wrote. Trump and Musk began exchanging insults last week on social media, with the Tesla and SpaceX CEO describing the president's sweeping tax and spending bill as a "disgusting abomination." Musk's post comes days after Trump said his relationship with Musk was over.
Yahoo
38 minutes ago
- Yahoo
Gold Advances Even After US and China Agree to Ease Trade War
(Bloomberg) -- Gold advanced even after the US and China said they had agreed on a plan to ease trade tensions during talks in London. Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NY Long Island Rail Service Resumes After Grand Central Fire NYC Mayoral Candidates All Agree on Building More Housing. But Where? Senator Calls for Closing Troubled ICE Detention Facility in New Mexico California Pitches Emergency Loans for LA, Local Transit Systems Bullion traded above $3,340 an ounce, and is up almost 1% for the week. US Commerce Secretary Howard Lutnick and China's trade representative Li Chenggang said the two sides had agreed in principle on a framework to implement the consensus they reached in Geneva. The detente between the world's two biggest economies should be negative for haven assets like gold, and the lack of downward movement in bullion suggests investors are waiting for more developments. The precious metal has surged by more than a quarter this year as President Donald Trump embarked on an aggressive tariff policy and also shook up the geopolitical landscape. Central banks have been enthusiastic buyers of gold as they seek to shift away from US assets. Gold rose 0.5% to $3,340.83 as of 12:46 p.m. in Singapore, taking its weekly gain to 0.9%. The Bloomberg Dollar Spot Index added 0.1%. Silver climbed to near a 13-year-high, while platinum advanced to a four-year peak. Palladium also rose. Investors are looking ahead to an auction Of US Treasuries on Thursday, with weak demand potentially boosting gold's haven appeal. New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software American Mid: Hampton Inn's Good-Enough Formula for World Domination Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
