Capital Brief — Business news and politics for the new economy
WEBCapital Brief covers business and politics news for those shaping the new Australian economy: founders and executives who need capital to grow their businesses, the people who help them get it, investors who allocate it, and decision makers in …
Microsoft, BlackRock to launch US$30b AI infrastructure fund
WEB20 hours ago · The news: Global investors BlackRock, Global Infrastructure Partners (GIP) and MGX have joined with tech giant Microsoft to launch a new artificial intelligence partnership, with plans to invest in data centres and support power infrastructure. The numbers: The investment vehicle, known as Global AI Infrastructure Investment Partnership (GAIIP), will initially seek to unlock US$30 billion ($44 ...
Finance and markets - Capital Brief
WEB1 day ago · Apollo Global Management halves stake in Challenger. The latest finance and markets news from Capital Brief, including banking, deals, ESG, funds management, investment banking, infrastructure, markets, private equity, professional services and venture capital coverage.
Why US Fed rate cuts won't sway the RBA — Capital Brief
WEB20 hours ago · But not yet. AAP Image/Reuters/Elizabeth Frantz. In the early hours of Thursday morning (Australian time) the US Federal Reserve is expected to slash its cash rate by up to 50 basis points marking the first cuts since the rate hiking cycle began in 2022. Many more cuts are expected to follow. In Australia, the picture couldn't be more different.
Microsoft launches US$60b buyback, boosts dividend
WEB1 day ago · The news: Microsoft on Monday afternoon (US time) announced a US$60 billion ($88 billion) stock buyback at the same time as it raised its quarterly dividend 10% to US$0.83 per hare. The numbers: Market reaction to the move since the announcement has been minimal, with Microsoft's stock up 0.75% in after-hours trading to US$433. The company is currently the second most valuable in the world ...
ASX ends flat ahead of US rate decision — Capital Brief
WEB13 hours ago · The news: The Australian sharemarket edged higher to reach another record high after a mixed session that followed Wall Street’s declines ahead of the US Federal Reserve’s imminent monetary policy decision. The numbers: The benchmark ASX 200 rose just 0.02% to end at 8,142.1 despite six out of 11 sectors ending in red. It also hit another intraday high of 8,153.5.
Latest — Capital Brief
WEBBusiness news including ‘Don’t stuff up’: Holmes à Court says every teal can win again, RBA warns banks to recognise benefits of new payment systems — not just costs, Insight Partners slashes fund target amid tech recovery: FT.
Technology and startups - Capital Brief
WEBThe new platform, led by Grace Bird, aims to turn research into venture-scale businesses by providing crucial early-stage support and funding. The latest technology news from Capital Brief, including artificial intelligence (AI), big tech, consumer tech, cybersecurity, enterprise tech, venture capital and startup coverage.
Economy — Capital Brief
WEB6 days ago · Economy news including US wholesale inflation, jobless claims tick up, ECB cuts rates again, trims growth outlook, Some economists see potential for RBA U-turn on rates.
US regulators reconsidering capital increase rules: WSJ
WEBMay 19, 2024 · The news: The Federal Reserve and two other US regulators are considering reducing a proposed 19% increase in capital requirements for the US’ largest banks, according to sources cited by the Wall Steet Journal. The numbers: The proposed rules unveiled in July last year would change the manner in which banks with over US$100 billion ($149.16 billion) in assets calculate the cash they must ...