Latest News
Santos' Beetaloo Fracking Plan Draws Scientific, Indigenous Opposition Over Hot Springs Risk
Santos' proposal to drill and frack 12 test wells in the Beetaloo Basin faces opposition from scientists and Indigenous custodians, who warn of threats to the ecologically sensitive Hot Springs Valley. The Northern Territory regulator is reviewing the environmental plan.
NAB Reports Surge in Mortgage Offset Usage Amid Rate Uncertainty
National Australia Bank reports a significant increase in offset account adoption, with 75% of mortgage customers now utilizing them. The trend intensifies as households brace for potential interest rate hikes.
Fortescue Directors Increase Holdings Following Strong Earnings, Dividend Boost
Multiple Fortescue board members acquired shares in late February, following the iron ore miner's announcement of a 23% jump in first-half earnings and an increased interim dividend. The stock gained 2% on Thursday.
ANZ Revises Key Financial Calendar, Moves Half-Year Results Forward
ANZ Group has rescheduled its half-year financial results to May 1, six days earlier than previously planned, and adjusted the timetable for its interim dividend distribution.
Woodside Directors Increase Holdings Amid Leadership Transition
Woodside Energy's board-linked trustee purchased shares for seven non-executive directors, signaling confidence during a CEO search and major project negotiations. The company's Scarborough project is 94% complete.
IPH Launches Share Buyback, ASX Rises on Tech Gains
IPH Limited initiates a share repurchase program for up to 12.23 million shares, coinciding with a market rebound led by technology and healthcare sectors. Several stocks face valuation reassessments amid shifting investor sentiment.
Salesforce Debuts AI Fan Assistant with Formula 1 Amid Investor Scrutiny
Salesforce and Formula 1 have introduced an AI-powered fan agent to explain 2026 technical regulations. The launch comes as Salesforce shares declined, reflecting broader investor caution over AI's role in the software industry.
UnitedHealth Slashes Subsidiary Disclosure in SEC Filing
UnitedHealth Group has dramatically reduced the number of subsidiaries disclosed in its annual SEC filing to just 10, down from approximately 3,100 previously, offering investors a narrower view of its corporate structure.
Exxon Mobil Diverts Fuel to Australia Amid Hormuz Closure, Lifting Oil Prices
Exxon Mobil is sending its first fuel cargo from the U.S. Gulf Coast to Australia since December to address Asian supply shortages caused by the Strait of Hormuz closure. Brent crude surged 4.7%.
JPMorgan CEO Urges Banks to Bolster Cyber Defenses Amid Rising Iran Tensions
JPMorgan Chase CEO Jamie Dimon has cautioned financial institutions to prepare for potential cyber retaliation linked to Middle East tensions. U.S. intelligence indicates increased threat activity from groups aligned with Iran.
Coherent Launches 224Gbps Chip for Next-Gen AI Data Centers
Coherent Corp introduced its CHR1074 224Gbps quad-channel transimpedance amplifier, targeting 800G and 1.6T optical modules for AI data centers. The company also secured new funding from an expanded partnership with Nvidia to prioritize production capacity.
Intel Considers Opening 18A Chip Process to External Foundry Clients
Intel's CEO is reconsidering making the advanced 18A chipmaking process available to external foundry clients, a strategic shift that sent shares higher. The announcement coincides with a planned board leadership transition.