TPG Global proposes A$657.8 million takeover of EQT Holdings
TPG Global's non-binding A$24.55/share bid values EQT at A$657.8 million, pending due diligence and board recommendation.
Business
Japan's 10-Year Bond Yield Touches Highest Level Since 1996
Japan's 10-year government bond yield rose to 2.945%, its highest since September 1996, on global inflation worries and BOJ tightening expectations.
BHP Posts Record Copper-Driven Profit, Lifts Dividend to Four-Year High
BHP's FY26 profit rose 30% to $13.2B, beating estimates, driven by record copper prices and a higher dividend.
Japan's 10-Year Bond Yield Hits 30-Year High on Inflation and BOJ Bets
Japan's 10-year JGB yield rose to 2.925%, a 30-year high, as global bond yields climb and BOJ policy uncertainty persists.
Australian shares slip as NAB, JB Hi-Fi results weigh on market
Australian shares fell 0.3% as NAB and JB Hi-Fi earnings disappointed, while miners and gold stocks rose.
First Philippine Holdings turns down KKR's bid for First Gen stake
First Philippine Holdings rejected KKR's proposal to buy an 8.43% stake in First Gen, citing undervaluation. The deal would have triggered a mandatory tender offer.
JB Hi-Fi shares slide 13.8% as Australian sales dip at start of FY27
JB Hi-Fi's Australian sales fell 0.5% in July, sending shares down 13.8% and raising concerns about earnings downgrades.
Wheat climbs for fourth session as Black Sea tensions and US dryness weigh
Chicago wheat rose for a fourth session on Black Sea export risks and US Plains dryness, while soybeans and corn also gained.
Asian Markets Cautious as Gulf Conflict Keeps Oil Elevated
Asian shares were flat on Monday as investors monitored oil prices, which remain elevated due to the ongoing Gulf conflict and stalled peace efforts.
Gold edges up as soft dollar, weak data dim rate-hike bets
Gold prices ticked higher on Monday, supported by a softer dollar and cooling expectations of a US rate hike next month.
China's Burger Boom Draws Hotpot Chains, Coffee Brands Into the Fray
China's burger market is heating up as Pizza Hut, Haidilao, and coffee chain M Stand launch burger-focused formats, with the segment projected to grow 8.7% annually through 2035.
BlueScope annual profit more than doubles on US steel strength
BlueScope's annual profit more than doubled, beating estimates, driven by strong US steel spreads and Southeast Asian momentum.
Global AI spending to hit $1 trillion in 2026, says Goldman Sachs
Goldman Sachs projects global AI investment will reach $1 trillion in 2026, rising to 1.4% of global GDP by 2028.
Europe's Heatwaves Widen Insurance Gap as Business Losses Mount
Europe's heatwaves are causing billions in losses, but most business interruption insurance doesn't cover extreme heat, widening a protection gap.
Anthropic CEO Rejects Claim That AI Regulation Concentrates Power
Anthropic CEO Dario Amodei pushes back against the idea that AI regulation inevitably centralizes power, saying fair rules can constrain big firms and aid challengers.
India's Growth Broadens as Banking, Autos, E-Commerce and Private Capital Gain Steam
McKinsey reports show India's next growth phase is diversifying across banking, auto components, e-commerce and private capital.
Peter Thiel acquires 1% stake in Argentina's Vista Energy via SEC filing
Peter Thiel's hedge fund bought a 1% stake in Vista Energy, a major Vaca Muerta shale producer, for $76 million.
Nvidia in Talks to Back SB Energy's OpenAI Data Center Project
Nvidia is negotiating a $3 billion investment in SB Energy, tied to a $100 billion credit package for an OpenAI data center in Ohio.
Halving Russian Oil Imports Could Add $5-10 Billion to India's Bill
A 50% cut in Russian crude purchases could raise India's oil import bill by $5-10 billion and inflation by 0.3 percentage points.
Kalshi accuses Nevada regulator of federal law breach in geofencing dispute
Kalshi says Nevada regulator violated federal law by misrepresenting residences during geofencing tests, as daily fines loom.