Suncorp beats profit forecasts despite weather-hit year, unveils buyback
Suncorp's FY26 cash earnings beat estimates despite higher weather claims. It announced a buyback, special dividend, and 3-5% GWP growth guidance.
Business
JGB yields climb as oil prices stoke inflation worries
Japanese bond yields rose on Wednesday as higher crude oil prices and Middle East tensions added to inflation concerns, with investors awaiting US CPI data.
FleetPartners Takeover Battle Heats Up as Three Bidders Circle
Three companies have made competing takeover offers for Australia's FleetPartners, with SG Fleet raising its bid to A$4.00 per share.
Oil climbs as US-Iran talks stall, Asian markets await inflation cues
Oil prices extended gains as US-Iran negotiations hit an impasse, while Asian shares drifted ahead of key US inflation data.
Yen Holds Ground as Intervention Boost Fades; RBA Decision in Focus
The yen steadies after intervention gains fade, with traders eyeing possible BOJ action. The Aussie holds near highs ahead of RBA decision.
Chicago grain futures edge up as Ukraine export outlook darkens
Chicago wheat, corn and soybeans rose after Ukraine cut its grain export forecast, citing Russian attacks on the Odesa port hub.
Anthropic Courts Investors Ahead of Likely September IPO
Anthropic is meeting potential investors to build confidence before a possible September or early October IPO, with plans to expand into healthcare and biology.
Gold Climbs to Two-Month High as Markets Await US Inflation Data
Gold prices rose for a third straight session, reaching a two-month high, as investors focused on upcoming US inflation data for clues on the Fed's rate path.
Oil prices steady as US-Iran talks stall over compensation demand
Oil steadies near one-week highs as US-Iran peace deal hopes fade; Trump demands compensation, complicating Hormuz reopening.
US officials target supply chain gaps as foreign manufacturing investment rises
US officials are working with foreign investors to strengthen domestic supply chains, with Hanwha Philly Shipyard pledging $5 billion in investment.
Hims & Hers posts wider loss as branded weight-loss drugs lift costs
Hims & Hers' shift to branded obesity drugs widened its Q2 loss, but the company raised its full-year revenue forecast.
Adani hails US court ruling that drops fraud and bribery case
A US judge dismissed criminal charges against Gautam and Sagar Adani, a move the Adani Group chairman welcomed.
JPMorgan to sustain Asia-Pacific hiring as corporate bank revenue surges
JPMorgan will keep hiring in Asia Pacific at a similar pace in 2027, after regional corporate bank revenue grew over 20% this year.
SEC settles fraud charges against Adit Ventures over pre-IPO share deals
SEC settles fraud charges with Adit Ventures over pre-IPO investments in SpaceX and Klarna, alleging misuse of client funds.
Treasury Wine Estates takes $394 million hit to reset US operations
Treasury Wine Estates announces a major US restructuring, taking a significant charge while reporting earnings above guidance.
Nikkei climbs 2% on AI chip rally, Middle East uncertainty caps upside
Japan's Nikkei rose 2% on Monday, driven by AI and chip stocks, while Middle East tensions and the Obon holiday tempered the advance.
Wheat climbs on Black Sea supply fears and softer dollar
Chicago wheat futures rose on Monday, supported by a soft dollar and concerns over Black Sea grain exports after attacks on infrastructure.
Tabcorp to Acquire BetMakers in A$267 Million Deal
Tabcorp will acquire BetMakers for A$267 million, a 45.5% premium, with the deal expected to close in Q3 FY2027.
China's Crude Imports Drop as Asia Bears Brunt of Middle East Supply Disruption
China's crude imports fell sharply in June-July, absorbing most of Asia's supply losses from the Middle East conflict.
Rupee, bonds eye oil prices and inflation data this week
Oil prices and July inflation data from India and the US will guide rupee and bond moves this week.