| ASIC Chair Joseph Longo will join ASX CEO Helen Lofthouse and Barrenjoey Co-Executive Chair Guy Fowler for a panel discussion on Australia's capital markets at a Bloomberg event in Sydney today. Bloomberg's Finance Reporter Harry Brumpton will moderate the discussion, which begins at 9am. It comes as ASIC announced that it will establish a new team dedicated to insider trading investigations as it ramps up efforts to crack down on market manipulation. The commission will target "pump and dump" schemes, intervene in chat rooms and review "finfluencer" activity. Iron ore prices fell below $100 a ton on Tuesday as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong. The steelmaking material slid as much as 3.5% to touch $99.85 in Singapore, with futures on track for a third day of losses. Colonial First State, one of Australia's biggest pension and wealth managers, is planning to boost its private infrastructure holdings as a shelter from volatile markets and sticky inflation, Chief Investment Officer Jonathan Armitage told Bloomberg in an interview. Queensland Investment Corporation, which owns about 5% of Thames Water, has marked down the value of its investment to zero, Chief Executive Officer Kylie Rampa told a state parliamentary hearing. Thames is in crisis after its parent company defaulted on its debts and shareholders refused to put more equity into England's biggest water and sewage company.  The Thames Water company logo on protective barriers surrounding water supply works in London on July 8, 2024. Photographer: Chris Ratcliffe/Bloomberg | 
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