Shares of Australian payments firm Zip Co. roughly halved after the company flagged A$10.1 million ($7.1 million) in expenses related to an external fraud event in the US.
Shares of New Zealand firm Hallenstein Glasson Holdings are climbing, thanks in part to mall-loving teens who are helping the fast-fashion company defy consumer gloom at home and in Australia.
Data center operator Firmus Grid Ltd. is seeking a A$43.7 billion ($30.3 billion) valuation in its Australian initial public offering this month, the Australian Financial Review reported on Thursday, citing pricing sent to potential investors.
US stock indexes ended Thursday nearly where they started after a choppy trading session that saw Apple Inc.’s move to raise prices on its products unwinding some of the enthusiasm over strong chipmaker forecasts.
The Micron Technology offices in San Jose, California.
Australian home prices stagnated last month, with growth weakening across most major cities as higher borrowing costs and tax reforms sapped demand.
Newly built houses in the Denham Court suburb of Sydney, Australia, on Tuesday, May 3, 2022. One of the developed world’s last remaining doves turned hawkish as Australia’s central bank rocked markets with a bigger-than-expected interest-rate hike in the middle of an election campaign.
New Zealand Defence Minister Chris Penk said the country should have a “conversation” about its long-standing anti-nuclear policy, as its ally Australia acquires nuclear-powered submarines.
New Zealand Defence Minister Chris Penk, left, with Lithuania's Defence Minister Robertas Kaunas. Photographer: Jam Sta Rosa/AFP/Getty Images
Australian bonds may find longer-term support after an initial selloff, while consumer-linked shares may come under pressure following tax changes unveiled in the fiscal 2027 budget, analysts said.
Pedestrians at promenade, opposite the Sydney Opera House, are reflected in a building at The Rocks in Sydney, Australia, on Monday, Aug. 30, 2021. Sydney had a record number of Covid-19 infections, accounting for the bulk of cases in New South Wales as Australia’s most populous state battles to contain the spread of the highly infectious delta variant. Photographer: Brendon Thorne/Bloomberg
Australia’s blockbuster February earnings results are helping lure investors back to the commodity-rich market, as traders position themselves for a renewed upswing in demand.
Stock information displayed at the Australian Securities Exchange in Sydney.
Australia’s blockbuster February earnings results are helping lure investors back to the commodity-rich market, as traders position themselves for a renewed upswing in demand.
Stock information displayed at the Australian Securities Exchange in Sydney.
ASX Ltd. lowered its first-half dividend and forecast reduced payouts for the next few years as it grapples with costs tied to a regulatory probe, and starts its hunt for a new chief executive.
A broad surge in metals markets has boosted BHP Group Ltd. shares, helping the miner unseat Commonwealth Bank of Australia as the nation’s most valuable company.
ASX Ltd. said it is aware of reports that some users of Austraclear, a platform for wholesale debt securities settlement, are encountering problems when connecting over the internet.
The Exchange Centre, which houses the Australian Securities Exchange (ASX), in Sydney. Photographer: Lisa Maree Williams/Bloomberg
BlueScope Steel Ltd. shares slipped after it turned down the latest takeover approach from the US’s Steel Dynamics Inc., arguing an $8.8 billion joint offer with Australian conglomerate SGH Ltd. “very significantly” undervalued its assets.
Slit steel coil rolls at BlueScope Steel Ltd. Port Kembla steelworks in Port Kembla, Australia, on Friday, Feb. 9, 2024. The world's two biggest miners, BHP Group Ltd. and Rio Tinto Group, are teaming up in a bid to develop Australia's first electric-smelting furnace, in what could prove an important step toward slashing emissions in the steel-making process.
Singapore Exchange Ltd. said it’s not considering buying Cboe Global Markets Inc.’s Australian unit, refuting an earlier Australian Financial Review report.
A technical outage at ASX Ltd. halted company announcements on Australia’s main stock market for hours on Monday, adding to a string of mishaps that have intensified regulatory scrutiny of the exchange and fueled calls for more competition.
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