Record $650m raised for mega battery; Trump attack won't slow ASX

Good morning,

Akaysha Energy, owned by the world's largest asset manager BlackRock, has raised a record $650m to begin construction of a large-scale battery in NSW that is expected to boost the national energy grid.

Nine Entertainment is staring at a potential $60m loss from its Paris Olympics broadcast as the cost of the Games coverage mounts while the advertising market is softening. 

Australia’s biggest banks face legal action and will have to repay $28m for systemically charged high fees to those customers who could least afford it, an ASIC investigation has revealed.