Capital Brief

Capital Brief is a publication that focuses on business and politics, offering insights through the perspective of a new economy. It is designed for those who will drive the future of commerce in the country, including entrepreneurs and leaders seeking funding to expand their companies, the professionals who assist them in obtaining that funding, investors who distribute it, and key decision-makers in Canberra, the federal capital.

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ðŸ’Š StrongRoom AI's suitor

1 day ago | capitalbrief.com | Daniel Van Boom

A new character has emerged in the StrongRoom AI story: Jay Zhou, founder of Aceso Group. But how big a role will he play? As first reported by Capital Brief last night, a company created by Zhou on 14 April called SRSPV yesterday became the secured holder of Strongroom AI debt previously owed to Paddington Street Finance. Get Sweat Equity in your inboxSigned up to Sweat EquityA weekly newsletter that tracks the pulse of startups, VC and tech.
Optus turns to Google and Anthropic to power its AI strategy

2 days ago | capitalbrief.com | Daniel Van Boom

The telco says AI tools developed under its new strategy are lifting productivity and sales as it works to rebuild trust after a string of reputational hits. Optus has partnered with Google and Anthropic to develop a suite of artificial intelligence tools that now underpin its broader AI strategy — one the telco says is both boosting revenue and cutting costs.
StrongRoom AI debt transfer points to imminent sale

2 days ago | capitalbrief.com | Daniel Van Boom

Debt previously owed to a lender of StrongRoom AI has been transferred to a newly-registered company, regulatory filings show, indicating the sales process for the collapsed medtech startup may be nearing a conclusion. An organisation named SRSPV, which was registered with ASIC on April 14, on Tuesday became the holder of StrongRoom AI debt previously owned to Paddington Street Finance. SRSPV was registered by Joe Zhou, ASIC filings show.
Big four banks' still face huge remediation bill, six years on from Royal Commission

3 days ago | capitalbrief.com | Andrew Cornell

The massive lump of post-Hayne remediation may be done but banks continue to struggle with new issues, costing precious time, and hundreds of millions of dollars. The major banks are still paying out hundreds of millions of dollars a year in remediation for new and ongoing issues, more than six years on from the Hayne Royal Commission which exposed widespread problems across the industry.
StrongRoom AI CEO 'hotly contests' investor claim he admitted to fraud

1 week ago | capitalbrief.com | Bronwen Clune |Daniel Van Boom

Max Mito's lawyer "hotly contests" claims the StrongRoom AI co-founder admitted to fraud, as the Federal Court grants him $80,000 for his legal defence. The co-founder and chief executive of fallen medtech startup StrongRoom AI has strongly disputed claims he admitted to fraud during a board meeting less than a fortnight before the company collapsed into administration.
Challenger shares surge as it tightens full-year profit guidance

1 week ago | capitalbrief.com | Prashant Mehra

The news: Investment manager Challenger has narrowed its full-year profit guidance after mixed third quarter results, sending its shares higher. The numbers: Annuity sales during the March quarter increased by 20% to $1 billion with strong growth in long duration lifetime and Japanese annuities. However, funds under management were down 5% to $115.2 billion, while group assets under management slipped 4% to $125.6 billion.
Santos lifts output in March quarter

1 week ago | capitalbrief.com | Prashant Mehra

Skip to content10:28am on 17 April 2025The news: Oil and gas producer Santos has reported a slight increase in production in the first quarter, although sales volumes dipped amid lower third-party purchases. The numbers: Sales revenue for the March quarter was down 8% from the prior quarter to US$1.29 billion ($2.02 billion) amid lower domestic prices, with sales volumes dipping 1% on quarter to 23.3 million barrels of oil equivalent (mboe). However, production was up 2% to 21.9 mboe.
Woodside signs LNG supply deal with Germany’s Uniper

1 week ago | capitalbrief.com | Prashant Mehra

The news: Woodside Energy has signed an agreement with Germany’s Uniper to supply liquefied natural gas (LNG) from its Louisiana project and its global portfolio. The numbers: Under the deal, Australia’s top oil and gas producer will supply Uniper 1.0 million tonnes per annum of LNG from its upcoming Louisiana project in the US and up to 1.0 mtpa from its global portfolio. Louisiana LNG will supply the gas on a free-on-board basis for up to 13 years from the date of its commercial operations.
BHP Q3 iron ore output steady, on track for FY guidance

1 week ago | capitalbrief.com | Prashant Mehra

Skip to content8:55am on 17 April 2025The news: Resources giant BHP has kept its full-year production guidance unchanged after mixed results for third quarter output for its commodities, with iron ore production steady. The numbers: March quarter iron ore output from the Pilbara operations was unchanged from a year ago to 60.1 million tonnes, leaving it on track to produce between 250 and 260 million tonnes for the year to June 2025.
Pilbara Minerals output, sales drop in March quarter

1 week ago | capitalbrief.com | Prashant Mehra

The news: Lithium producer Pilbara Minerals has reported lower production and sales in the March quarter after putting its Ngungaju plant in care and maintenance. The numbers: March quarter spodumene concentrate production was down 34% from the prior quarter to 125,000 tonnes, while sales were down 39% to 125,500 tonnes. Our journalists are working to update this briefing and we will publish more shortly.