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Star Entertainment revives bid to sell 50% stake in Brisbane resort, AFR reports

Coverage: 2 sources

(Reuters) -Australia’s Star Entertainment has restarted efforts to sell its 50% interest in the A$3.6 billion ($2.35 billion) Brisbane resort, striking an agreement with its Hong Kong-based investors, the Australian Financial Review reported on Tuesday. The planned stake sale collapsed earlier this month after investors Far East Consortium and Chow Tai Fook Enterprises — both already seeking to exit the joint venture — declined to extend negotia…Queensland, Australia · Queensland See the Story

US Dismisses Chinese Investment in Trade Pacts

US Treasury Secretary Scott Bessent has dismissed the possibility of including Chinese investments as part of any trade agreement between the two nations. These comments curtail options for resolving the ongoing trade dispute. Bessent indicated that pledges worth billions of dollars, similar to those made by Japan, South Korea, and the EU, are unlikely to come from China. Bessent stated that funds from buyouts would be directed towards critical …United States · United States Read Article

CBA Shares Plunge After UBS Downgrade

Commonwealth Bank (CBA) shares experienced a significant drop following concerns raised by UBS analyst John Storey regarding the bank’s retail performance. At 10.55am AEST, CBA shares were down 4.7 per cent to $170.44 after the UBS assessment was released. Commonwealth Bank is one of Australia’s largest financial institutions, providing a range of banking and financial services to individuals and businesses. It operates through various divisions…Australia · Australia Read Article

Critical Minerals Group Achieves Milestones, Secures $900K Payment

Critical Minerals Group (CMG: ASX), a Brisbane-based company focused on delivering comprehensive and sustainable energy storage solutions, has announced the achievement of key milestones in its domestic vanadium electrolyte end-to-end supply chain project. The progress aligns with commitments under the Grant Agreement with the Department of Industry, Science and Resources, triggering a $900,000 progress payment to CMG in August 2025. This fundin…Queensland, Australia · Queensland Read Article

Shocking truth about Aussie wages

The era of significant pay rises may be over, as Aussies face a wage slowdown and a “bump in the road” for the labour market.Wages · Australia See the Story

Cowal drives record year for Evolution - Australian Mining

Image: Evolution MiningEvolution Mining has delivered a record financial year result, with an underlying net profit of $958 million for the 2024–25 financial year (FY25) – a 99 per cent increase on FY24. Across its portfolio of mining assets, Evolution produced 750,000 ounces of gold and 76,000 tonnes of copper across the year, an increase of five and 12 per cent respectively on FY24 outputs. The company will pay a final dividend of $0.13 per sh…Australia · Australia See the Story

Dexus Industria REIT Exceeds Expectations

Dexus Industria REIT (DXI) has reported strong fiscal year 2024 results, exceeding its upgraded guidance. The REIT announced funds from operations (FFO) per security of 18.2 cents, a 4.6 per cent increase compared to the previous year. Distributions per security totalled 16.4 cents. Dexus Industria REIT is focused on owning, managing, and developing high-quality industrial properties. The company aims to deliver sustainable income and long-term …Sydney, Australia · Sydney Read Article

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