Business Roundup: May 31 - Australia (5 stories)

Here is your Weekly summary for Business & Finance across Australia for Mon 25th May - Sun 31st May 2026

Kevin Warsh's appointment as the new Fed Chair raises questions about his monetary policy stance, with analysts debating whether he will adopt a hawkish or dovish approach. This decision is crucial as it could influence interest rates and economic growth in the U.S. Meanwhile, the Bank of Korea appears poised for a series of interest rate hikes, signaling a proactive stance against inflation, which could impact regional economic stability.

In the stock market, Algoma Steel's shares surged 63% after fair value models indicated significant investment potential, highlighting investor confidence in the company's future. Additionally, RHI Magnesita India reported a revenue milestone in its Q4 2026 earnings call, showcasing strong performance in the refractory materials sector. In contrast, Maverick Capital's entities and a director sold $47.6 million in Infleqtion stock, raising eyebrows about the company's future prospects.