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Flight Centre Travel Group Completes AU$200 Million Buyback Program

Flight Centre Travel Group (ASX:FLT) completed its AU$200 million on-market share buyback, repurchasing and cancelling more than 16 million shares, representing around 7% of its issued capital before the program, according to a Thursday filing with the Australian bourse.The company will also retire its 2028 convertible notes in May, eliminating about AU$100 million in outstanding debt that was originally raised during the COVID-19 pandemic, the filing added.The company's shares rose around 2% in recent Thursday trade.

ASX:FLT

Asia116d ago

Orica Offsets Western Australia Ammonia Outage With Global Supply

Orica (ASX:ORI) said it is mitigating disruption from a third-party ammonia plant outage in Western Australia by drawing on existing inventory and its diversified global supply network, while securing alternative ammonia and ammonium nitrate supplies, according to a Thursday filing with the Australian bourse.The company's East Coast ammonia and ammonium nitrate facilities have resumed operations following the April 1 restart of its Kooragang Island plant in New South Wales, while the Western Australia third-party ammonia plant is expected to remain offline until mid-May, the filing added.The company's shares fell 1% in recent Thursday trade.

ASX:ORI

Asia116d ago

Viva Energy Group Requests Trading Halt After Major Fire at Geelong Refinery

Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery, according to a Thursday filing with the Australian bourse.The company has requested that the trading halt remain in effect until the information is released or trading resumes on April 20, the filing added.

ASX:VEA

Asia116d ago

New Hope Raises AU$300 Million Through Convertible Notes Offering

New Hope (ASX:NHC) has priced AU$300 million of 2.625% senior unsecured convertible notes due 2032, convertible into ordinary shares at an initial price of AU$7.41, reflecting a 37.5% premium to the reference share price, according to a Thursday filing with the Australian bourse.The company also conducted a concurrent repurchase of AU$293.3 million of its 2029 convertible notes through a reverse book-build process, paying an average price of AU$113,700 per AU$100,000 principal amount for a total consideration of AU$333.5 million, per the filing.The net proceeds of around AU$294.2 million from the offering will primarily be used to finance the concurrent repurchase after deducting transaction costs, the filing said.The company will have around AU$6.7 million of its 2029 notes remaining outstanding after the transaction and intends to redeem them in accordance with their terms before maturity.Settlement for both the new issuance and the concurrent repurchase is expected around April 22, the filing added.The company's shares fell 1% in recent Thursday trade.

ASX:NHC

Asia116d ago

Genesis Minerals Reports AU$439.4 Million March Quarter Revenue, Unaudited NPAT Up to AU$155 Million

Genesis Minerals (ASX:GMD) said it produced 67,497 ounces of gold in the March quarter at an all-in sustaining cost (AISC) of AU$2,685 per ounce, generating revenue of AU$439.4 million from sales of 65,049 ounces at an average price of AU$6,755 per ounce, according to a Thursday Australian bourse filing.The company said unaudited net profit after tax for the quarter was between AU$145 million and AU$155 million, with cash and equivalents rising to AU$599.9 million at March 31 from AU$403.6 million at December 31.Genesis Minerals said production for the nine months to March 31 totaled 214,636 ounces at an AISC of AU$2,614 per ounce, tracking toward the midpoint of its fiscal 2026 production outlook of 260,000 to 290,000 ounces at an AISC of AU$2,500 to AU$2,700 per ounce.The company said its updated long-term plan, including multi-year production and cost assumptions and fiscal 2027 guidance, is set for release in the September quarter of 2026.Genesis maintained its fiscal year 2026 growth capital and exploration outlook at AU$260 million to AU$290 million.The company added that there has been no interruption to its diesel fuel supply to date, with its Leonora and Laverton mills powered by Western Australian gas.

ASX:GMD

Asia116d ago

Market Chatter: Panasonic Revives Sanyo Air Conditioners in Vietnam After Nearly a Decade to Target Middle-Income Consumers

Panasonic (TYO:6752) has launched eight Sanyo air conditioner models in Vietnam, produced in Malaysia and priced 20% below its own comparable units, Nikkei Asia reported on Thursday.Despite Sanyo products disappearing from shelves around 2017, the brand remains well-recognized in Vietnam, even surpassing Panasonic's recognition in parts of Southeast Asia, the publication said.Panasonic had fully acquired Sanyo Electric in 2011 and sold Sanyo's white goods business to China's Haier Group in 2012, which included trademark rights until March 2017, the news daily said.After Haier discontinued Sanyo-branded products in 2017, Panasonic's new Vietnam launch marks the first major brand revival in nearly a decade, aside from limited online sales in India, the report said.Timing the launch to Vietnam's hottest months from April to June, the new models are priced between 10.8 million and 25.06 million dong or $410 to $951, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:6752

Asia116d ago

Netwealth Group Reports Growth in March Quarter Funds Under Administration; Shares Jump 6%

Netwealth Group (ASX:NWL) reported funds under administration (FUA) of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier, according to a Thursday filing with the Australian bourse.FUA net flows for the March quarter were AU$3.96 billion, compared with AU$3.51 billion a year earlier, per the filing.Meanwhile, the total number of accounts increased by more than 13% year over year to 176,675.The company's shares jumped almost 6% in recent Thursday trade.

ASX:NWL

Asia116d ago

Market Chatter: Nippon Steel Launches Electric Arc Furnace Project to Cut Emissions

Nippon Steel (TYO:5401) has broken ground on an electric arc furnace at its Yawata facility in Kyushu, Nikkei Asia reported on Thursday.The 630.2 billion yen or $3.96 billion project, roughly 30% funded by government subsidies, will include a two-million-ton annual capacity furnace, a steel sheet plant, and on-site power generation, the publication said.Despite the promise of cleaner production, uncertainties remain regarding the technology's substantial electricity consumption and the market's willingness to pay a premium for low-emission steel, the news daily said.Scheduled to begin operations in the second half of fiscal 2029, the furnace represents a major shift for the 125-year-old Yawata steelworks, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:5401

Asia116d ago

Market Chatter: Japanese Banks Expand Overseas Payment Services to Support Global Operations of Domestic Firms

Japan's major banks are strengthening cross-border payment services to support the global operations of domestic firms, Nikkei Asia reported on Thursday.Mitsubishi UFJ Financial's (TYO:8306) MUFG Bank launched MUFG Unity for instant remittances in four Southeast Asian countries, allowing corporate clients to settle directly with local partners without opening foreign accounts, the publication said.Sumitomo Mitsui Financial's (TYO:8316) Sumitomo Mitsui Banking aims to accumulate $60 billion in foreign currency deposits within three years and plans to launch its SMBC Connect payment brand soon, the news agency said.Mizuho Financial's (TYO:8411) Mizuho Bank is expanding its Asian transaction banking team to 180 specialists and acquiring Avendus Capital to tap into non-Japanese client demand, the report said.With foreign-currency loans surging 160% since 2010 to $926 billion, Japanese banks are prioritizing dollar procurement amid geopolitical uncertainty and past low domestic interest rates, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:8306TYO:8316TYO:8411

Asia116d ago

ASX Preview: Australian Shares to Open Flat as Trump Signals Optimism on Iran Deal Talks; Viva Energy Group Refinery in Geelong on Fire

Australian shares are expected to open flat on Thursday as markets weighed renewed optimism from the Trump administration over a possible Iran deal against escalating threats of tighter sanctions on Iranian oil buyers and ongoing disruptions to shipping through the Strait of Hormuz.Overnight, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.6%, respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, Australia's labor force report is due at 11:30 am Sydney time.In corporate news, A fire erupted at Viva Energy Group's (ASX:VEA) oil refinery in Geelong overnight, and firefighters are still working to bring it under control, multiple media outlets reported Thursday.Rio Tinto Group (ASX:RIO) commissioned a new alumina conveyor at its BC Works smelter in Kitimat, Canada, the company said on Thursday.Australia's benchmark index rose 0.1% or 7.9 points to close at 8,978.70 on Wednesday.

ASX 200ASX:RIOASX:VEA

Asia116d ago

Catalyst Metals Completes Grade Control Drilling at Western Australia Deposit

Catalyst Metals (ASX:CYL) said it has completed grade control drilling for the first 15 months of underground production at its Trident underground deposit in the Plutonic Gold Belt, Western Australia, according to a Thursday Australian bourse filing.The results were up to 17 meters at 42.7 grams per tonne (g/t) gold and nine meters at 17 g/t gold.The company said the soon-to-be-completed open pit at the Trident gold deposit brings closer a step change in Plutonic's annual gold production to about 200,000 ounces from roughly 100,000 ounces, with underground gold production from Trident forecast to commence in 2027.Catalyst Metals said Trident underground reserves stand at 397,000 ounces at 5 g/t gold and resources at 795,000 ounces at 5.3 g/t, with an anticipated annual production rate of about 60,000 ounces for about 10 years.The company has now developed three mines on the Plutonic Belt, including Plutonic East, the Trident open pit, and K2, with Trident underground set to become the fourth.

ASX:CYL

Asia116d ago

SoftBank Group to Issue US Dollar-, Euro-Denominated Bonds Totalling 566.8 Billion Yen

SoftBank Group (TYO:9984) will issue six tranches of foreign currency-denominated senior notes totalling 566.8 billion yen or $3.25 billion to redeem existing foreign currency debt and to partially repay the outstanding amount of the bridge loan related to follow-on investments in OpenAI.The U.S. dollar-denominated bonds amount to 238.5 billion yen or $1.5 billion with maturities in 2029, 2031, and 2036 and interest rates of 7.625%, 8.250% and 8.500%, respectively, according to a filing with the Singapore Exchange on Thursday.The euro-denominated notes amount to 328.3 billion yen or $1.75 billion with maturities in 2030, 2032, and 2034 and respective interest rates of 6.375%, 7.000% and 7.375%.All notes will be issued at 100% of principal, pay interest semi-annually, and allow early redemption 90 days before maturity.The offering is targeted at institutional investors outside Japan and the U.S., with no collateral or guarantee. The notes will be listed on the Singapore Exchange.

TYO:9984

Asia116d ago

AMP Says Q1 Platforms Net Cashflows Rise 45%, Starts AU$150 Million Buyback

AMP (ASX:AMP) said platform net cashflows for the first quarte rose 45% to AU$1.1 billion from AU$740 million in the same period a year earlier, according to a Thursday Australian bourse filing.The company said superannuation and investments net cash outflows improved 26% to AU$80 million from AU$108 million in the prior corresponding period, while total assets under management across its wealth businesses stood at AU$155.9 billion, with the AMP Bank total loan book steady at AU$24.1 billion.AMP said AMP Bank GO deposits rose AU$632 million from the fourth quarter of 2025 to AU$942 million, with full-year 2026 GO deposits now expected to exceed AU$1.5 billion, while all other guidance remains unchanged and subject to market conditions.The company said its previously disclosed AU$150 million on-market share buyback is now commencing.

ASX:AMP

Asia116d ago

Rio Tinto Commissions New Alumina Conveyor at Canada Smelter

Rio Tinto Group (ASX:RIO) commissioned a new alumina conveyor at its BC Works smelter in Kitimat, Canada, the company said Thursday.The 1.1-kilometer system will transport about 800,000 tonnes of alumina per year, and is designed for an operational life of 50 years.The new conveyor is more environmentally friendly than previous infrastructure and supports more efficient material handling, the company said.

ASX:RIO

Asia116d ago

Nine Entertainment Secures Five-Year Netball Broadcasting Rights Deal

Nine Entertainment (ASX:NEC) has signed a new five-year partnership with Netball Australia, securing broadcast and streaming rights to Suncorp Super Netball, all Australian Diamonds matches, and the Netball World Cup Sydney 2027 from Jan. 1, 2027, according to a Thursday statement."We're building a portfolio around the sports Australians care most deeply about, and netball belongs in that company," said Nine Entertainment's Managing Director, Streaming and Broadcast, Amanda Laing.

ASX:NEC

Asia116d ago

Sovereign Metals Says DFS Confirms Large-Scale Potential at Malawi Rutile-Graphite Project

Sovereign Metals (ASX:SVM) said a Definitive Feasibility Study (DFS) for its Kasiya rutile-graphite project in Malawi confirms steady-state annual earnings before interest, tax, depreciation, and amortization of $476 million and free cash flow of $452 million, according to a Thursday Australian bourse filing.The company said the study found total revenue of $16.2 billion over an initial 25-year mine life, with a pre-tax net present value (NPV) of $2.2 billion, an NPV to capital expenditure ratio of 3.0 times, and capital expenditure to first production of $727 million.Sovereign Metals said operating costs of $450 per tonne of product on a free-on-board basis at Nacala underpin margin resilience across commodity cycles.The company said monazite concentrate recovered from the rutile processing circuit contains elevated levels of the heavy rare earths dysprosium, terbium, and yttrium, representing a potential third revenue stream at minimal incremental cost, with all three elements currently subject to Chinese export restrictions.Sovereign Metals said the heavy rare earth potential of the project was not included in the DFS, with evaluation currently underway.

ASX:SVM

Asia116d ago

29Metals Delays Xantho Extended Restart Amid Geotechnical Works

29Metals (ASX:29M) said the restart of mining at its Xantho Extended orebody in Western Australia has been delayed by extra geotechnical works, cutting zinc, gold and silver forecasts while leaving copper guidance unchanged, according to a Thursday Australian bourse filing.The company stated that ground support upgrades needed to re-enter the decline and production levels are still on schedule for completion in April, although additional work is now underway following revised geotechnical assessments of the impacted areas, per the filing.The company will develop alternative level access to reduce exposure to higher-stress zones, due for completion in the December quarter, while continuing mining and milling from other ore sources with no change to full-year copper production guidance, the filing said.The company has cut its full-year outlook for other metals, with zinc now expected at 5,000 to 25,000 tonnes compared with 40,000 to 50,000 tonnes previously, gold at 6,000 to 14,000 ounces compared with 12,000 to 20,000 ounces, and silver at 400,000 to 600,000 ounces compared with 600,000 to 800,000 ounces.The company also lowered its selling costs guidance to AU$20 million to AU$45 million from AU$50 million to AU$70 million, reflecting the changed production mix, the filing added.

ASX:29M

Asia116d ago

Australian Ethical Investment Reports Higher Fiscal Q3 Funds Under Management

Australian Ethical Investment (ASX:AEF) reported AU$13.57 billion of funds under management (FUM) as of the close of its fiscal third quarter ended March 31, according to a Thursday filing with the Australian bourse.The company previously reported FUM of AU$13.1 billion at the end of the year-ago quarter, an earlier filing showed.Investments FUM for the period fell year over year to AU$3.91 billion from AU$4.17 billion, while superannuation FUM increased to AU$9.66 billion from AU$8.92 billion.

ASX:AEF

Asia116d ago

Whitehaven Coal Prices $900 Million Offering of Senior Secured Notes

Whitehaven Coal (ASX:WHC) priced a $900 million offering of senior secured notes in a dual-tranche offering to eligible buyers, according to a Thursday filing with the Australian bourse.One tranche of $450 million carries a maturity of 5.5 years and a coupon rate of 6.25%, while the second $450 million tranche has an 8-year maturity and a coupon of 6.75%, per the filing.Whitehaven said it plans to use the proceeds to repay dues under its $1.1 billion acquisition term loan facility and for general corporate purposes.The notes are expected to settle on April 22.

ASX:WHC

Asia116d ago

Telix Enters Attractive Market With Late-Stage Brain Cancer Drug Trial in US, Jefferies Says

Telix (ASX:TLX) entered a potentially attractive market after the commencement of phase three trial for recurrent glioblastoma, a type of brain cancer, in the US, Jefferies said in a note on Wednesday.The investment firm said that with around 20,000 patients diagnosed annually in the US with recurrent glioblastoma and limited treatment options, the market appears promising for its drug candidate TLX101-Tx.Jefferies, however, gave a risk-weighted valuation to the experimental drug in Telix's overall valuation.The brokerage boosted Telix's fiscal year 2026 net profit after tax estimate to $5.1 million from $3.3 million, driven by the inclusion of TLX101-Tx in its valuation, with first sales expected in fiscal year 2029, refinancing of $600 million in convertible bonds, and changes to assumptions for expenses and costs.Jefferies kept a buy rating on Telix and raised its price target to AU$27.40 from AU$24.30.

ASX:TLX

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