Rio Tinto targets Arcadium as lithium market wavers
Well, well, well. It looks like Rio Tinto, the mining giant with a hefty appetite for lithium, has decided to go shopping. Arcadium Lithium, once [more…]
Category: Australia
Domino’s faces shareholder lawsuit over misleading Japan sales claims
Domino’s Pizza Enterprises, Australia’s prominent pizza chain, is facing a legal storm as a shareholder class action claims the company misled investors regarding its 2021 [more…]
Australia’s inflation surges to 3.6%, defying expectations and raising economic concerns
In a twist nobody saw coming, Australia’s inflation rate has defied expectations, climbing to 3.6% in the 12 months leading up to April. Just when [more…]
Uber acquires Foodpanda Taiwan for $950 million, strengthening its Asian market hold
In a move to solidify its dominance in the Asian market, Uber Technologies is acquiring Delivery Hero’s Foodpanda business in Taiwan for a whopping US$950 [more…]
PSC Insurance welcomed into Ardonagh Group’s fold, set to bolster Australian presence
In a move set to shake up the insurance landscape, Australia’s PSC Insurance is poised to be acquired by the UK’s Ardonagh Group in a [more…]
Monochrome Asset Management files for Australia’s first spot Bitcoin ETF with Cboe Australia
Monochrome Asset Management, a prominent player in the Australian financial landscape, recently made headlines by applying for a groundbreaking spot bitcoin exchange-traded fund (ETF) with [more…]
CLP Holdings reports strong profit growth in 2023, falls short of market expectations
CLP Holdings, the leading power utility in Hong Kong with significant operations in Australia and India, announced a remarkable sevenfold increase in profits for 2023. [more…]
A sunny Friday for Aussie stocks as tech and consumer discretionary sectors shine
In a week filled with market ups and downs, the Australian stock market closed on a high note on Friday, buoyed by a surge in [more…]
Reserve Bank of Australia holds interest rates
Australia’s central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that it would maintain its benchmark interest rate at a 12-year high of [more…]
Australia’s inflation slows, raising expectations for interest rate cut
Australia’s inflation eased to a two-year low in the December quarter, driven by slower increases in food and fuel prices, sparking speculation that the Reserve [more…]