NAB hits post-GFC high. CBA hits record high. BHP falls. Traders ramp bets on US Fed rate cuts on shock inflation data. Bond yields fall. Citi tips Rio to do lithium deal. Follow here.
The competition regulator has kicked off an inquiry into Brookfield’s $10.6 billion takeover of large French renewable energy developer Neoen. It will focus on concerns that the combination of the pair’s businesses across different parts of the electricity supply chain in Australia would lessen competition.
Of particular interest for the Australian Competition and Consumer Commission is the resulting vertical integration that Brookfield would have if the deal proceeds, as it would bring together under common ownership electricity generation activities and electricity distribution and transmission through the Canadian giant’s AusNet business.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200 LIVE: ASX to fall, Nasdaq and S&P 500 extend advancesShares flat. Telix scraps US IPO. Bank of Japan ahead. S&P 500 hits record high. Citi upgrades copper. Trump says he wants to trim US corp taxes. Follow here.
Read more »
ASX 200 LIVE: ASX to rise, Apple helps to pace S&P 500 to a new recordShares are set to open higher; blue-chip tech stocks including Nvidia bolstered the Nasdaq; European markets finish lower after French election. Follow updates here.
Read more »
ASX 200 LIVE: ASX to drop on inflation worries, Wall Street gainsASX futures lose 1pc as inflation hits 4pc. Wall St gains. European stocks fall. Gold eases, oil flat. Bitcoin extends losses. AVZ rejects takeover bid. Follow here.
Read more »
ASX 200 LIVE: ASX to fall, monthly inflation data awaited; Nvidia bouncesAustralian shares are set to open lower; oil and gold fell. Nvidia rallies 6.8pc. Monthly CPI indicator awaited. Follow updates here.
Read more »
ASX 200 LIVE: ASX to rise, Nvidia rout gathers momentumAustralian shares are set to rebound. Nvidia sheds another 6.7pc, three-day loss reaches 13pc. Bitcoin falls 6pc. Follow updates here.
Read more »
ASX 200 LIVE: ASX to rise; Wall St mixed, Kathmandu warns on weak retail salesASX futures add 0.1pc. US equities mixed after Nvidia and Apple pare gains. Swiss National Bank cuts rates, Bank of England holds. Follow here.
Read more »