Latest News
LSEG to Modernize ASX 24 Derivatives Platform in Major Tech Overhaul
London Stock Exchange Group has secured a deal to provide a new high-performance trading platform for ASX 24, Australia's primary derivatives market. The upgrade aims to address recent outages and modernize aging infrastructure, with completion expected by 2028.
HSBC Asia Co-CEO Offloads $5.5 Million in Shares Amid Banking Sector Volatility
HSBC Holdings Plc's Asia and Middle East co-CEO, Surendra Rosha, divested 308,400 shares worth approximately HK$43.17 million. The transaction occurred during a period of significant volatility for European banking stocks.
Rio Tinto and Western Australia Launch $1.1B Desalination Venture
Rio Tinto and the Western Australian government have established a 50:50 joint venture to construct a A$1.1 billion seawater desalination plant near Dampier. The expanded facility will provide 8 gigalitres of water annually to local towns and mining operations.
Barclays' £500M MFS Link Sparks Private Credit Scrutiny
Barclays PLC holds approximately £500 million in loans tied to the failed UK mortgage lender Market Financial Solutions, one of the largest exposures in the administration. Investors are assessing risks as the collapse highlights opacity in private credit markets.
Evolution Mining Declares 20-Cent Interim Dividend, Sets DRP Timeline
Evolution Mining will distribute a 20-cent interim dividend on April 2 to shareholders of record March 4. The Dividend Reinvestment Plan carries no discount, with pricing determined between March 5 and 11.
Pro Medicus Shares Surge 4.6% Amid Interim Revenue Growth
Pro Medicus shares gained 4.6% on Thursday, closing at A$121.49, despite remaining down 53% over the past year. Interim results showed strong revenue growth and a significant fair value gain from a 4D Medical investment.
Xero Data Reveals U.S. Small Business Sales Slowdown, Canadian Contraction
Xero's latest data shows U.S. small business sales growth decelerated sharply to 0.9% year-over-year in the December quarter, with Canadian sales contracting 4.1%. The company cited tariff impacts and policy uncertainty.
Shell Secures New Kazakhstan Exploration Rights Amid Ongoing Arbitration
Shell has entered into an agreement with Kazakhstan's energy ministry for exploration rights to the Zhanaturmys oil and gas block, valid until 2032. The move comes as the company remains engaged in international arbitration concerning other Kazakh ventures and proceeds with its share repurchase program.
Malaysia Clarifies Lynas License Terms Amid US Mineral Pacts
Malaysia's trade ministry stated that recent US trade and critical minerals agreements do not alter the technical conditions imposed on Lynas Rare Earths' Malaysian operations. The ministry confirmed Lynas's 10-year operating license renewal, granted on March 3, 2026, remains subject to strict waste management deadlines.
Coles Under Pressure to Sever Palantir Data Deal Amid Privacy Concerns
Coles faces a public campaign demanding it terminate its relationship with U.S. data analytics firm Palantir. The retailer maintains the technology is used solely for business planning, not surveillance.
Telstra Urges Government to Slash $7.3B Spectrum Fee, Warns of Price Hikes
Telstra is pressuring the Australian government to reduce a proposed $7.34 billion spectrum licence renewal fee, arguing it exceeds fair value by $4.1 billion and could lead to higher mobile prices or lower investment.
South32 pivots to base metals as Mozal smelter closure looms
South32 Ltd is accelerating its transition toward base metals production, with CEO Graham Kerr projecting 90% of output will soon come from these operations. The shift coincides with the impending closure of its Mozal aluminum smelter in Mozambique.