PRE-MARKET AUSTRALIAN STOCKS NEWS: GQG Partners (GQG AT) reported total funds under management rose to USD 172.9bln at end-February from USD 165.7bln in the previous month
Newsquawk Staff ·
BHP Group (BHP AT) - Co. has outsourced union site entry control as labour demands escalate. It was also reported that the Co. and Woodside Energy (WDS AT) are both considering Geraldine Slattery for their CEO roles, presenting her with an unprecedented career dilemma. (The Australian)
GQG Partners (GQG AT) - Co. reported total funds under management rose to USD 172.9bln at end-February from USD 165.7bln in the previous month, driven by strong investment performance. (Motley Fool)
Lynas Rare Earths (LYC AT) - Co. secured a rare earths price floor in an updated 12-year supply agreement with Japan. (Nikkei/Motley Fool)
Macquarie Technology Group (MAQ AT) - Co. secured a AUD 200mln investment from the National Reconstruction Fund Corporation to support digital infrastructure expansion. (Motley Fool)
Qantas Airways (QAN AT) - Co. is increasing airfares in response to surging fuel costs and is seeking additional aircraft to service its lucrative European routes. (AFR)
Other News – Both UBS and Capital Economics expect the RBA to hike rates again at next week’s meeting. (AFR)
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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