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%.
Business
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.