logo
Grumpy fundies are buying ASX stocks again. Morgan Stanley has 6 picks

Grumpy fundies are buying ASX stocks again. Morgan Stanley has 6 picks

It's that time of the year again for Australian fund managers. June 30 is in the rearview mirror, you've dumped your worst holdings and you've massaged the message for your investors.
The kids are off for school holidays (you know what they say – the more you pay, the less they go) and either you (or worse, all your friends) are off to Europe for a week or two.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Seen Him Number Of Times…': Rubio Jokes About Jaishankar's Busy Schedule Ahead Of Quad Meet
‘Seen Him Number Of Times…': Rubio Jokes About Jaishankar's Busy Schedule Ahead Of Quad Meet

News18

time33 minutes ago

  • News18

‘Seen Him Number Of Times…': Rubio Jokes About Jaishankar's Busy Schedule Ahead Of Quad Meet

In opening remarks ahead of QUAD Foreign Ministers' Meeting, Rubio jokingly said that whenever he sees the news of Jaishankar, he is found to be in a different part of the world. US Secretary of State Marco Rubio praised External Affairs Minister Dr S Jaishankar for his frequent and consistent work trips across the world, saying that he's a 'very busy guy." In the opening remarks ahead of QUAD Foreign Ministers' Meeting in Washington, Rubio jokingly said that whenever he sees the news of EAM Jaishankar, he is found to be in a different part of the world. 'I've seen him a number of times in just six months on job. I was just telling him, he travels so much. Every time I see the news Dr. Jaishankar is in a different part of the world. He's a very busy guy," Rubio said. #WATCH: Marco Rubio jokes aboutEAM S. Jaishankar's busy schedule in the opening remarks ahead of QUAD Meeting: 'I've seen him a number of times in just six months on job. I was just telling him, he travels so much. Every time I see the news Dr. Jaishankar is in a different… — Siddhant Mishra (@siddhantvm) July 1, 2025 External Affairs Minister S Jaishankar, along with US Secretary of State Marco Rubio, Japan's Foreign Minister Takeshi Iwaya, and Australian Foreign Minister Penny Wong, participated in the QUAD Foreign Ministers' Meeting held at the US Department of State on Tuesday. At the meeting, EAM Jaishankar said that the world must display zero tolerance against terrorism and asserted that 'victims and perpetrators" must never be equated. The ministers discussed a wide range of regional and global issues, with a strong focus on counterterrorism cooperation. Jaishankar, who is visiting the US from June 30 to July 2 at Marco Rubio's invitation, also held a meeting with US Secretary of State US Secretary of Defence Pete Hegseth on the sidelines of the Quad foreign ministers' meeting, during which they discussed bilateral partnership, shared perspectives on regional and global developments, and advancing the defence partnership between the two countries. During the meeting with Rubio, EAM Jaishankar discussed bilateral partnership between both countries in the field of security, critical technologies, connectivity, energy and mobility. Taking to X, S Jaishankar said, 'A pleasure meeting US @SecRubio this afternoon, on the sidelines of Quad Foreign Ministers' meeting. Discussed our bilateral partnership, including trade, security, critical technologies, connectivity, energy and mobility. Shared perspectives on regional and global developments." A pleasure meeting US @SecRubio this afternoon, on the sidelines of Quad Foreign Ministers' our bilateral partnership including trade, security, critical technologies, connectivity, energy and mobility. Shared perspectives on regional and global… — Dr. S. Jaishankar (@DrSJaishankar) July 1, 2025 He also highlighted the strategic importance of India-US defence ties, describing them as 'one of the most consequential pillars" of the bilateral relationship during the meeting with Hegseth. Speaking during the meeting at the Pentagon, Jaishankar said, 'I am here with you at the Pentagon because we believe that our defence partnership is, today, truly one of the most consequential." Great to meet @SecDef Pete Hegseth in Washington DC a productive conversation on advancing the 🇮🇳 🇺🇸 defence partnership, building on growing convergences of interests, capabilities and responsibilities. 🇮🇳 🇺🇸 — Dr. S. Jaishankar (@DrSJaishankar) July 1, 2025 Hegseth expressed enthusiasm about the growing defence partnership between the two countries. He highlighted the integration of US defence systems into India's armed forces and outlined the goal of expanding industrial cooperation and co-production networks. The US Defence Secretary further outlined the goal of expanding industrial cooperation and co-production networks. 'The US is very pleased for the successful integration of many US defence items… building on this progress, we hope we can complete several major pending US defence sales to India, expand our shared defence industrial cooperation and co-production networks, strengthen interoperability… and formally sign a new framework of US-India major defence partnership," Hegseth said. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! tags : eam jaishankar india us ties Marco Rubio United states First Published: July 02, 2025, 09:13 IST

Latitude 66 offloads Qld copper for $2M upfront and future upside
Latitude 66 offloads Qld copper for $2M upfront and future upside

Sydney Morning Herald

time33 minutes ago

  • Sydney Morning Herald

Latitude 66 offloads Qld copper for $2M upfront and future upside

Latitude 66 has cashed in on a non-core asset, locking in $2 million in upfront funding by selling its 17.5 per cent stake in the Greater Duchess copper-gold project in Queensland, which it owns with ASX-listed Carnaby Resources. The company has also positioned itself for a further $4 million windfall if the full project changes hands in the coming months. The company has signed a non-binding term sheet with Argonaut Partners and Neon Space to offload its interest, with a baked-in bonus clause. If the entire joint venture is snapped up within 90 days of the announcement, Latitude will receive a further $4 million in cash or the same value in ASX-listed shares, based on the 30-day volume-weighted average price. 'The sale transaction announced today is in line with our strategy to unlock value from our Australian assets.' Latitude 66 managing director Grant Coyle Alternatively, if the new buyers decide to flick the stake onto a third party other than Carnaby, the company could still bank 50 per cent of any upside above $4 million, giving the deal serious contingent kicker potential. Under the joint venture terms, Carnaby has been formally offered the same deal under a right-of-first-refusal clause. It now has 30 days to match the terms and acquire Latitude's share itself. If Carnaby exercises its right, Argonaut and Neon Space will be compensated with 7.5 million unlisted options in Latitude, exercisable at 7.5 cents and valid until June 2028. Latitude 66 managing director Grant Coyle said: 'The Greater Duchess joint venture is a non-core asset and the sale transaction announced today is in line with our strategy to unlock value from our Australian assets. This transaction is well timed to provide Lat66 with near term, non-dilutive funding that will enable the company to continue advancing its Finnish and Western Australian projects.'

Australian airline Qantas hit by massive cyberattack
Australian airline Qantas hit by massive cyberattack

Japan Today

timean hour ago

  • Japan Today

Australian airline Qantas hit by massive cyberattack

Australian airline Qantas says it is investigating a "significant" cyber attack, after hackers infiltrated a system containing sensitive data on six million customers. Australian airline Qantas said Wednesday it was investigating a "significant" cyberattack, after hackers infiltrated a system containing sensitive data on six million customers. Qantas said hackers had targeted one of its customer contact centres, breaching a computer system used by a third party. They had access to sensitive information such as customer names, email addresses, phone numbers and birthdays, the blue-chip Australian company said. "There are 6 million customers that have service records in this platform," the company said in a statement. "We are continuing to investigate the proportion of the data that has been stolen, though we expect it will be significant." Credit card details and passport numbers were not kept in the system, Qantas added. "There is no impact to Qantas' operations or the safety of the airline." Chief executive Vanessa Hudson said Qantas had notified Australia's National Cyber Security Coordinator. "We sincerely apologize to our customers and we recognize the uncertainty this will cause," she said. "Our customers trust us with their personal information and we take that responsibility seriously." Qantas apologized in 2024 after a glitch with its mobile app exposed some passengers' names and travel details. A string of major cyberattacks have in recent years raised concerns about the protection of Australians' personal data. Major ports handling 40 percent of Australia's freight trade ground to a halt in 2023 after hackers infiltrated computers belonging to operator DP World. Russia-based hackers in 2022 breached one of Australia's largest private health insurers, accessing the data of more than nine million current and former customers. The same year telecom company Optus suffered a data breach of similar magnitude in which the personal details of up to 9.8 million people were accessed. © 2025 AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store