Good morning, A group of investment banks have joined forces to press the ASX and corporate regulator for wholesale and radical changes to the sharemarket listing process , as they consider ways to jump-start a moribund market for initial public offerings. Meanwhile, investors face a “scary time” and should expect a permanent return to higher interest rates amid uncertainty created by the election of Donald Trump and global geopolitical tensions, warns Ali Dibadj, the CEO of fund management heavyweight Janus Henderson. And West Australian Premier Roger Cook has defended a $150m taxpayer-funded lithium rescue package that is set to benefit Chris Ellison’s Mineral Resources and Gina Rinehart-backed Liontown Resources as well as other big industry players. |