Fabiana Fedeli, CIO of multi-asset at M&G Investments, says that while there is still value in equities, markets such as South Korea have displayed "exuberant" behavior. Speaking on Bloomberg Television, she says: "there is a whole host of stocks which are the AI losers the stocks that have been forgotten by the AI trade that I still think I still think are very worthwhile investing in."
Vena Energy has secured $1.4 billion in debt financing to accelerate its solar and battery storage rollout across Australia.
Firmus Technologies signed a 12-year wholesale energy agreement for 600 megawatts to expand its South Australian infrastructure.
Gold Mountain (ASX:GMN) has secured a binding commitment to raise $4.5 million to fund mineral exploration in Brazil.
GCM Corporation (ASX:GCM) executed a 24-month agreement with Shenzhen Wanwei Heat Conduction Technology to develop thermal management products.
Iran's deputy foreign minister says they remain firm on maintaining control over maritime traffic in the Strait of Hormuz, ahead of fresh negotiations with the US on ending the war. Victoria Mitchell, Senior Analyst at Control Risks spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa about the tolling of the waterway.
India's IPO market is expected to rebound after a muted first half, with stronger fundraising driven by a robust pipeline and improving valuations. Large deal filings, resilient domestic inflows, and positive post-listing returns are supporting momentum, despite risks from inflation, geopolitics and even the weather. V Jayasankar, Managing Director & Deputy CEO at Kotak Investment Banking, joined Haslinda Amin on Insight with Haslinda Amin to discuss the outlook and key drivers for India's equity markets.
The Reserve Bank of Australia kept the official cash rate at 4.35% last June 16.
Neoen has commenced construction on a 215-megawatt battery system at its Culcairn solar farm in New South Wales.
A top Iranian official has reiterated Tehran's determination to maintain control over maritime traffic moving through the Strait of Hormuz, raising the stakes ahead of fresh negotiations with the US. Bloomberg's Abeer Abu Omar reports from Dubai.
Litchfield Minerals (ASX:LMS) will launch three ground geophysical surveys next month to test a new belt-scale mineral systems framework.
Imugene (ASX:IMU) announced that the first patient in its azer-cel Phase 1b trial cohort achieved a complete response.
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