Austal Weighs $1.35 Billion Buyout Offer for US Shipbuilding Arm
Australian shipbuilder Austal has received a buyout proposal from Wildcat Infrastructure for its US business, valuing the unit at up to $1.35 billion.
Business
US Bond Market: High Yields Reflect Strong Economy, Not Distress
US Treasury yields near 5% reflect a strong economy and high deficits, not market dysfunction, analysts argue.
Jaipur sweet shops pull out of Zomato, allege high commissions and opaque policies
Jaipur's top sweet shops have indefinitely boycotted Zomato over high commissions, forced discounts, and lack of transparency.
Gundlach Warns of Fresh Treasury Selloff if Fed Holds Rates
Jeffrey Gundlach says if the Fed holds rates next week, long-dated Treasury yields could rise further; he favors short-duration and EM debt.
Yancoal's Premier coal mine workers vote for strike action in pay dispute
Workers at Yancoal Australia's Premier coal mine voted overwhelmingly for strike action over pay and entitlement concerns.
Indian shares set for muted open as oil climbs on Mideast tensions
Indian shares likely to open flat as rising crude on Mideast risks and US rate hike fears weigh.
Wheat Prices Surge as US Peace Push in Black Sea Stalls
Chicago wheat futures jumped 2.9% after US diplomatic efforts failed to break the Black Sea deadlock, keeping grain exports halted.
Yen hits six-month high as Asian markets split on Iran oil fears
Yen surges to 153.51, Brent holds above $97, and Asian shares trade mixed as Iran threats and economic data pull markets in different directions.
UK recognises India's carbon credit scheme under CBAM, easing exporter burden
The UK has recognised India's Carbon Credit Trading Scheme under its CBAM, allowing importers to claim relief on carbon costs already paid in India.
Willis Lease picks Malaysia for Asia-Pacific engine repair push
Willis Lease Finance will build an engine repair centre in Johor, Malaysia, to tap Asia-Pacific's growing maintenance market.
Nvidia-backed Firmus lands OpenAI as anchor tenant for Malaysia data centres
Firmus signs multi-year deal with OpenAI for Malaysia data centre capacity, lifting contracted power to over 900 MW.
Fuel Prices Hold Steady as Iran Signals Hormuz Shipping Deal
Petrol and diesel rates in Indian metros were unchanged on September 8, even as global crude prices rose on Iran's Hormuz deal signal.
Nikkei Wavers as Yen Strength and BOJ Hike Bets Offset Strong GDP
Japanese shares were mixed Tuesday as strong GDP and wage data were offset by a surging yen and expectations of a BOJ rate hike next week.
Australian Business Conditions Slip to Six-Year Low in August
Australian business conditions hit a six-year low in August, with the NAB index falling to -1 as cost pressures and rate worries weigh on firms.
Gold Edges Up as Dollar Softens; US Inflation Data in Focus
Gold prices ticked higher on Tuesday as the dollar slipped, with markets eyeing US inflation data due later this week for clues on Fed policy.
Yen Surges to Seven-Month High as Dollar Awaits US Inflation Data
Yen jumps to 153.53 per dollar, strongest since February, as traders unwind shorts on BOJ tightening bets. Dollar soft ahead of US CPI.
JGBs steady as BOJ tightening bets weigh on 5-year sale
Japanese bonds were flat on Tuesday as investors braced for a 5-year JGB auction under the shadow of expected BOJ rate hikes.
CAG Pitches Unified Transport Platform to Ease Compliance for MSMEs
CAG proposes a unified transport platform to streamline stakeholder data sharing, reduce compliance burdens on MSMEs, and boost goods movement.
UK recognises India's carbon credit scheme for CBAM relief
UK officially recognises India's Carbon Credit Trading Scheme under its CBAM, allowing Indian exporters to claim carbon price relief.
Ingenia Communities Rejects Warburg Pincus Takeover Offer
Ingenia Communities rejects Warburg Pincus's A$1.94 billion takeover bid, calling it undervalued; shares jump over 20%.