FEAR & GREED | Business News Macquarie $11.6b bid for Qube; energy brawl in Canberra; Titanic pocket watch sells
Nov 24, 2025
Macquarie has made headlines with an $11.6 billion bid for Qube, stirring the logistics sector. Meanwhile, BHP's second attempt to acquire Anglo American ends in rejection, raising questions about market maneuvering. In Canberra, energy policy takes center stage as parliament reconvenes, drawing international attention. A unique piece from history—a gold-trimmed pocket watch that sank with the Titanic—fetches a stunning $2.3 million at auction. Plus, US Ambassador Kevin Rudd faces backlash over new Australian streaming content rules.
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M&A Activity May Be Broadening
- Recent moves suggest M&A activity is broadly picking up beyond resource deals.
- Interest in assets like Qube and Monash IVF indicates potential wider market deal flow ahead.
Broad ASX Rally, Energy Lags
- The ASX rallied broadly with multiple sector gains while energy lagged despite a Wall Street-inspired surge.
- The market remains below recent peaks, showing optimistic momentum but ongoing caution.
CATL News Drives Lithium Volatility
- Lithium prices plunged after reports CATL would reopen a major mine, triggering sharp sector volatility.
- Chinese supply moves still strongly influence global battery-material markets and ASX lithium stocks.