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%.
Economy
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.
RBA's Kent Says Rate Hikes Are Working, Spending Cools
RBA's Kent says recent rate hikes are working as intended, slowing spending and housing credit, with full effects still to come.
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.
Brazil Top Court Backs State Laws That Ended Amazon Soy Pledge
Brazil's Supreme Court upheld state laws that dismantled the Amazon soy moratorium, rejecting farmer compensation claims while shielding traders from damages.
Japan's Wholesale Inflation Stays Elevated, Fueling September Rate Hike Bets
Japan's July producer prices rose 7.2% annually, near June's peak, reinforcing market bets on a September BOJ rate hike.
Brazil Congress Approves Spending Curbs as Debt Worries Grow
Brazil's Congress approved spending-control mechanisms to rein in public debt, targeting mandatory spending growth and oil revenue-linked expenditures.
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.
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.
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.
US Inflation Cools to 3.4% in July, Core Prices Stay Sticky
US CPI rose 3.4% year-on-year in July, easing from June's 3.5% pace, with core inflation at 2.5%.
Argentina's 2025/26 Corn Crop Set to Hit Record 70.5 Million Tonnes
Argentina's 2025/26 corn harvest is projected at a record 70.5 million tonnes, up from last month's estimate, on increased acreage.
Brazil's Top Court Upholds State Laws That Sank Amazon Soy Pact
Brazil's Supreme Court upheld state laws that led to the collapse of the Amazon soy moratorium, while affirming the pact's constitutionality.
US July deficit hits record $432 billion as tariff refunds drain revenue
US July budget deficit hit a record $432 billion, pushing the fiscal 2026 gap past the full 2025 deficit as tariff refunds continued.
Canada Rejects Latest US Tariff Offer as Deadline Looms
Canadian officials are dissatisfied with Washington's latest tariff-reduction proposal, as talks continue before August 19 duties take effect.
Brazil's Top Court Backs Soy Moratorium, Rejects Farmer Claims
Brazil's Supreme Court ruled the soy moratorium legal, rejecting farmer compensation claims and upholding state tax incentives for participants.
Canada Weighs Accepting US Auto Tariffs for Trade Deal Relief
Canada may accept US auto tariffs to secure lower levies on USMCA-compliant vehicles and preserve exemptions for American content.
Fed likely to hold rates steady in September as inflation cools
July CPI rose 3.4% year-on-year, down from June, while core inflation slowed to 2.5%. Fed expected to hold rates in September.
Russia Looks to Reroute Grain Exports After Novorossiysk Strike
Russia's agriculture ministry is redirecting grain export flows to alternative Baltic, Caspian, and Far East routes after a Ukrainian strike halted Novorossiysk terminals.
Gulf of Mexico Drilling Auction Draws $82.7 Million in High Bids
The latest Gulf of Mexico oil and gas lease sale attracted $82.7 million in high bids, with 16 companies participating.