FEAR & GREED | Business News Afternoon Report | Judge warning
May 27, 2025
Markets are on the rise, reflecting a positive trend in the ASX. A judge has issued stern warnings aimed at corporate directors about accountability. The rising energy costs are scrutinized, with insights from Lowe on the implications for the economy. Additionally, there’s a notable bid for a copper miner that could shake up the industry. Lastly, a tragic incident during a football parade in Liverpool adds a somber note to the day’s news.
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Judge Warns Directors to Do Work
- Directors must actively engage with their responsibilities if they receive director fees.
- Justice Michael Lee criticized Star Entertainment directors for avoiding document reviews related to alleged money laundering.
Energy: From Asset to Liability
- Former RBA Governor Philip Lowe highlights that Australia's energy sector has shifted from an asset to a liability.
- He stresses the importance of increasing domestic supply to improve productivity and reduce reliance on imports.
Mac Copper Acquisition Rumors
- Rumors suggest an overseas group is close to acquiring Mac Copper, a young ASX-listed miner.
- This has positively influenced share prices of other copper miners like Capstone and Sandfire Resources.