Big plans, big questions: DigiCo debuts down 9% from $5 issue price
Digicorito (ASX:DGT)A new data center-focused real estate investment trust has debuted on the ASX. This was Australia’s largest initial public offering (IPO) in six years since Viva Energy. (ASX:VEA) It was listed in 2018 and is the largest real estate-related…
Rio Tinto injects $2.5 billion into expansion of Rincon lithium project
rio tinto (ASX:Rio) Plans to invest $2.5 billion in the Rincon lithium project in Argentina. The goal is to increase Rincon’s production capacity to 60,000 tonnes per year of battery-grade lithium carbonate. The project will combine a 3,000 ton starter…
Bain Capital makes offer to Insignia Financial
insignia financial (ASX:IFL) has received an indicative, non-binding offer from Bain Capital to acquire all of its shares through a scheme of arrangement. The offer price is $4.00 per share, adjusted to take into account any dividends paid or to…
Google and AI’s “Agent Era”
Google announced the release of its new AI model Gemini 2.0. This is a step toward what the company calls the “agent era” of AI. CEO Sundar Pichai described the launch as the next big step in Google’s mission to…
Popular stocks: ANZ, South32, Perpetual, Downer EDI, Ventia, HMC Capital
ANZ appoints Nuno Matos as CEO Monday, ANZ (ASX:ANZ) announced the appointment of Nuno Matos, former head of wealth and personal banking at HSBC, as its new CEO, effective July next year. Matos replaces Shane Elliott, who is retiring after…
ECB and Swiss National Bank cut interest rates
The European Central Bank (ECB) and Swiss National Bank (SNB) both cut their key interest rates on Thursday, with the ECB cutting rates for the fourth time in 2024, while the SNB opted for the biggest rate cut in nearly…
Warner Bros. Discovery splits streaming and cable businesses
Warner Bros. Discovery (WBD) has announced a major restructuring that will split its business into two distinct divisions: Global Linear Networks and Streaming & Studios. The restructuring is expected to be completed by mid-2025. “Linear” refers to the traditional broadcasting…
Downer subsidiary Spotless faces ACCC lawsuit
Infrastructure services company Downer EDI (ASX:Dow) announced that its subsidiary Spotless Facility Services will defend a civil action brought by the Australian Competition and Consumer Commission (ACCC). The ACCC’s allegations relate to conduct in 2019 and 2020 regarding property maintenance…
US inflation rises to 2.7%, solidifying prospects for Fed rate cut
The U.S. inflation rate rose to an annual rate of 2.7% in November from 2.6% in October, according to Consumer Price Index (CPI) data released Wednesday by the U.S. Bureau of Labor Statistics. The month-on-month increase was 0.3%, marking the…
Immutep reports positive data in head and neck cancer clinical trial
Immutep (ASX:IMM) announced promising new data from the Phase IIb TACTI-003 trial presented at ESMO Immuno-Oncology Congress 2024. The trial combines the company’s lead drug candidate, efthyragimod alfa (efti), with Merck & Co.’s drug Keytruda (pembrolizumab). The target indication is…