Wheat Holds Gains as Ukraine Strike Disrupts Russian Grain Exports
Chicago wheat futures held steady after Ukraine's strike on Russia's Novorossiysk port disrupted grain exports, while corn slipped on USDA demand forecasts.
Business
Asian Markets Climb as Soft US Inflation Tempers Fed Rate Hike Expectations
Asian shares rose after mild US inflation data reduced the odds of a September Fed hike. Korean stocks jumped 4.4%, and oil held near $80.
Oil slips over 1% as demand outlook weakens despite Gulf supply risks
Oil prices fell more than $1 as OPEC and the IEA lowered demand forecasts, though stalled US-Iran talks and shipping risks kept a floor under the market.
Telstra announces A$1 billion buyback as annual profit edges up
Telstra posts 3.2% profit rise, unveils A$1 billion buyback, and raises dividend as mobile revenue grows.
ANZ posts $1.9bn quarterly profit as home loan demand slips 12%
ANZ reported A$1.9bn quarterly cash profit, helped by lower costs and stable bad debts, as home loan applications dropped 12%.
Cleanaway opens books to EQT after $6.6 billion takeover offer
Cleanaway grants EQT exclusive due diligence on A$9.4 billion offer; shares jump 17%.
India's planned coal capacity nearly doubles, driving global pipeline growth
India's proposed coal mining capacity nearly doubled in 2025, driving most of the global growth in the project pipeline, a new report shows.
Toho's Poison Pill Faces Court Challenge From Activist Investor
3D Investment Partners seeks court injunction against Toho Holdings' poison pill, challenging its use against non-control-seeking activists.
PNE sale uncertain as bids fall short of market value
German renewables firm PNE says a sale is uncertain after bids trailed its market value, despite a pipeline of 21.7 GW.
Otsuka's Zipalertinib Plus Chemotherapy Hits Key Goal in Lung Cancer Trial
Otsuka Holdings says zipalertinib plus chemotherapy met the primary PFS endpoint in an interim analysis of the Phase 3 REZILIENT3 trial.
SK Shipping to become Asia's largest LNG carrier operator after asset swap
SK Shipping and H-Line Shipping will swap vessels and contracts, making SK Shipping Asia's largest LNG carrier operator and creating K-LNG.
Cerebras shares slide 16% after quarterly revenue falls short of estimates
Cerebras Systems shares fell 16% after Q2 revenue missed analyst estimates, though the company raised its 2026 outlook.
Oil and Gold Climb as Geopolitical Risks and US Inflation Data Loom
Oil and gold prices rose on Wednesday as geopolitical tensions escalated, while markets awaited US inflation data for clues on Fed policy.
OpenAI COO Brad Lightcap Steps Down After Eight Years to Launch New Venture
OpenAI COO Brad Lightcap announces departure after eight years to start a new venture, citing optimism about the company's future.
Tata Sons Chairman's Future in Question Ahead of Shareholder Vote
Tata Sons chairman N Chandrasekaran may step down before an August 18 shareholder vote, amid disputes with Tata Trusts.
Japan's asset managers rush to sell JGB funds as yields climb
Japanese asset managers are launching JGB investment trusts as yields rise, giving retail investors new options beyond traditional savings.
Oil climbs as Middle East shipping attacks revive supply worries
Oil prices rose on Wednesday as attacks on ships in key straits and doubts over a US-Iran deal heightened supply concerns, despite a reported build in US crude inventories.
Dollar Holds Ground as Markets Await US Inflation Data
The dollar traded flat against major peers on Wednesday as investors focused on upcoming US inflation data for clues on the Federal Reserve's interest rate path.
Wheat Climbs on Black Sea Shipping Risks; USDA Report in Focus
Chicago wheat futures rose on Black Sea supply disruptions. Soybeans and corn ticked up ahead of the USDA's August supply-demand report.
AGL Energy Sees Stronger 2027 Profit on Battery Push, Cost Cuts
AGL Energy forecasts FY27 underlying profit of A$470-670 million, beating estimates, aided by battery contributions and cost controls.