Market wrap: tech up, health down after choppy trading
After two positive weeks the Australian market ended the week down 1.7%, despite a bit of a late rally with a 0.2% rise on Friday.
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After two positive weeks the Australian market ended the week down 1.7%, despite a bit of a late rally with a 0.2% rise on Friday.
Billionaire Mike Cannon-Brookes, a co-founder of Atlassian Corp., is set to revive the Sun Cable project, aiming to export solar power from Australia to Singapore.
Mike Cannon-Brookes has emerged as the front-runner in a fight for ownership of the $35 billion Sun Cable mega-project against a rival bid from Andrew Forrest.
Quinbrook Infrastructure Partners is understood to be one of Mike Cannon-Brookes’ consortium partners at Sun Cable, as the billionaire’s Grok Ventures closes in on a deal.
Sun Cable went into voluntary administration earlier in 2023. Read more at straitstimes.com.