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Macquarie Group Unit to Issue $1.25 Billion of Subordinated Notes

Macquarie Group (ASX:MQG) unit Macquarie Bank is issuing $1.25 billion of subordinated notes, according to a Wednesday filing with the Australian bourse.The 5.819% Series A fixed-rate subordinated notes will be issued under the bank's $25 billion US medium-term note program, with a maturity date of June 10, 2037.The notes are intended to constitute tier 2 capital for the bank, per the filing.

ASX:MQG

International45d ago

Japan's Factory-Gate Inflation Accelerates to 6.3% in May

Japan's producer price index (PPI) rose 6.3% year over year in May, according to preliminary data released by the Bank of Japan on Wednesday.The reading was higher than the consensus forecast of a 5.6% increase and compared with a 5.3% rise in the previous month.On a month-on-month basis, corporate goods prices increased 0.9% from April, decelerating from the 2.8% growth between March and April.

Nikkei 225

Asia45d ago

Dart Mining Completes 4,000 Meters of Drilling Under JV With Great Divide Mining

Dart Mining (ASX:DTM) completed 4,000 meters of drilling under the joint venture agreement with Great Divide Mining (ASX:GDM) at the Coonambula project in Queensland, allowing the company to increase its claim to 45% of the project, according to a Wednesday filing with the Australian bourse.The company may claim a 51% stake in the project upon completion of the mineral resource estimate once the assaying program and metallurgical sighter studies are finalized, the filing said.

ASX:DTMASX:GDM

International45d ago

ANZ Raises Q1 GDP Growth Forecast for New Zealand

New Zealand's economy is now expected to grow 1% sequentially in the first quarter, ANZ said in a Wednesday report as it raised its 0.9% preliminary growth forecast.The quarterly gross domestic product figures are due for release on June 18. If the growth is in line with ANZ's forecast, it will boost the prospects for an interest rate hike in July, the bank said.It appears that the economy was gaining momentum before fuel prices surged due to the Middle East conflict. While data suggests the momentum has slowed since the first quarter, it looks "more like a stall than an abrupt contraction at this stage," the bank said."Industries exposed to tourism, agriculture, and discretionary spending are likely to show the most growth, though construction likely went backwards, based on the work put in place data," ANZ said.The bank expects New Zealand's annual current account deficit to be unchanged at 3.7% of GDP.

^NZ50

Asia45d ago

Develop Global Makes Final Investment Decisions for Sulphur Springs, Pioneer Dome Projects

Develop Global (ASX:DVP) has made final investment decisions and secured funding for the development of its Sulphur Springs copper-silver-zinc project and Pioneer Dome lithium project, backed by a debt facility and warrant package of about AU$570 million from Trafigura, according to a Wednesday Australian bourse filing.The company said Trafigura has committed to offtake agreements for copper and zinc concentrates from Sulphur Springs, with construction underway and the first concentrate set for the June 2028 quarter.Trafigura has also committed to direct shipping ore (DSO) offtake from Pioneer Dome, targeting first sales in the December quarter, the filing added.Develop has entered into a binding cooperation agreement with Trafigura to partner on potential future opportunities, with the Sulphur Springs project to be renamed Yitirrti at the invitation of the Nyamal First Nations people, the filing added.

ASX:DVP

Equities45d ago

Market Chatter: Venezuela Bombs Illegal Gold Mines in Bolivar State Ahead of Foreign Investment Push

Venezuela's military has bombed and opened fire on illegally controlled gold mines in the Las Claritas region of southern Bolivar state, forcing miners to flee, Bloomberg reported Tuesday, citing a former local lawmaker.Special forces are conducting operations to evict workers from unlicensed mining operations in the area, according to Venezuelan news outlet Tal Cual, the report said.The International Crisis Group said it has received numerous reports of military activity, with security forces effectively sealing off the Las Claritas town while helicopters operate over nearby mining zones, according to the report.Local authorities have not confirmed whether any casualties or direct clashes have occurred, Bloomberg 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.)

Asia45d ago

IGO Reports Fire at CGP3 Lithium Plant in Western Australia

IGO (ASX:IGO) said a fire broke out at its chemical grade plant 3 (CGP3) at the Greenbushes lithium operation on Tuesday and was extinguished without causing any injuries, according to a Wednesday Australian bourse filing.Talison Lithium has initiated an investigation to determine the cause and extent of the damage and to evaluate the necessary repairs, per the filing.Operations at CGP1 and CGP2 were not impacted, and Greenbushes production is still forecast to remain on track to meet the company's fiscal 2026 spodumene concentrate guidance of 1.4 million tonnes, the filing added.

ASX:IGO

Asia45d ago

GR Engineering Services Named Preferred EPC Contractor for Western Australia Project

GR Engineering Services (ASX:GNG) was selected as the preferred contractor by Venturex Sulphur Springs, a subsidiary of Develop Global (ASX:DVP), to deliver engineering, procurement, and construction (EPC) works for the 1.5 million tonnes per annum Sulphur Springs copper-silver-zinc project in Western Australia, according to a Wednesday filing with the Australian bourse.The contract is estimated to be worth AU$295 million, per the filing.The contract includes design, procurement, construction, installation, and commissioning, with early works already in progress and long-lead items already ordered, the filing said.The EPC contract is expected to be formally executed soon, the filing added.

ASX:DVPASX:GNG

Asia45d ago

Tivan Secures Northern Territory Government Grant Funding for Tungsten Project

Tivan (ASX:TVN) secured AU$141,237 of exploration grant funding for its Molyhil tungsten project under a Northern Territory government collaboration program, according to a Wednesday filing with the Australian bourse.The grant will fund three diamond drill holes totaling roughly 600 meters planned for the project.Tivan is progressing a pre-feasibility study for Molyhil, where stage one drilling has been completed, and stage two drilling is targeted to begin in July, per the filing.

ASX:TVN

Asia45d ago

Southern Cross Gold Consolidated Intersects High-Grade Assays From Victoria Project

Southern Cross Gold Consolidated (ASX:SX2) received high-grade assays up to 493 grams per tonne grade of gold and 29% antimony from drilling at the Apollo and Apollo East prospect, within its Sunday Creek project in Victoria, according to a Wednesday filing with the Australian bourse.Results from seven drill holes included nearly 37 meters at 6.5 g/t gold equivalent from 700 meters, with the true thickness of the mineralized intervals interpreted to be about 55% to 75% of the sampled thickness for all reported holes, the filing said.Seven assays exceeded 100 g/t grade of gold, and five recorded more than 20% antimony across the holes reported.The company continues its ongoing drill program through to the first quarter of 2027, per the filing.

ASX:SX2

Asia45d ago

Helia Group Appoints CEO, CFO

Helia Group (ASX:HLI) appointed Mark Senkevics as chief executive officer, effective on or before Dec. 1, according to a Wednesday filing with the Australian bourse.Senkevics will succeed interim CEO Michael Cant, who will retire from full-time executive roles to pursue non-executive opportunities, per the filing.Craig Ward was appointed chief financial officer effective July 1, following his tenure as interim CFO since July 1, 2025, the filing added.

ASX:HLI

Asia45d ago

Core Lithium to Sell 25,000 Tonnes of Lithium Fines to Glencore International

Core Lithium (ASX:CXO) struck a binding agreement with Glencore International for the sale of 25,000 tonnes of lithium fines from its Finniss lithium operation in the Northern Territory, according to a Wednesday filing with the Australian bourse.Pricing under the agreement reflects prevailing lithium fines market conditions, with a base price of around $270 per tonne CIF, and shipment is expected to occur in June through the Darwin Port.The net proceeds are subject to final grade adjustments and transport costs, the company said.Core Lithium disclosed an initial sale of 20,000 tonnes of lithium fines to Glencore in April.

ASX:CXO

Asia45d ago

Charter Hall Long WALE REIT Secures AU$2 Billion Debt Platform

Charter Hall Long WALE REIT (ASX:CLW) has completed a major refinancing of its balance sheet, securing a new AU$2 billion debt platform spread across 10 lending counterparties, according to a Wednesday filing with the Australian bourse.The restructure replaces the company's prior unsecured debt arrangement and fully refinances its existing obligations, including the repayment of its medium-term notes in the Australian bond market, per the filing.The new arrangements extend the company's weighted average debt maturity by 1.6 years to 4.3 years, with staggered maturities from fiscal 2029 to fiscal 2032, while also enhancing financial flexibility through increased covenant headroom, the filing said.The weighted average credit margin has been lowered by around 20 basis points, with revised covenants establishing a maximum loan-to-value ratio of 65% and a minimum interest cover ratio of 1.5 times, the filing added.

ASX:CLW

Asia45d ago

Insurance Australia Group Urges New Zealand to Develop Long-Term Roadmap to Cut Natural Hazard Risk

Insurance Australia Group's (ASX:IAG) IAG New Zealand division on Wednesday urged New Zealand's government to develop a long-term roadmap to cut natural hazard risk, which it said is rising faster than the country's ability to manage it.A new report from IAG has revealed "concerning gaps in how New Zealand plans, builds, invests and governs to reduce the impacts of its earthquakes, floods and cyclones."The country's current approach is fragmented and poorly coordinated, with councils expected to manage the burden in the absence of necessary tools or funding, while repeated disasters are set erode growth and public finances without further reform, the report found.It identifies dozens of gaps in New Zealand's approach to risk reduction, including a lack of both consistent rules and reliable hazard and risk information to support decisions.Disasters have cost New Zealand at least NZ$4.2 billion a year over the past 15 years, but during that time, nearly all the spending has been geared toward response and recovery rather than reducing the impact of hazards, IAG New Zealand said.

ASX:IAG

International45d ago

New Zealand Light, Heavy Traffic Decline in May, Says ANZ

New Zealand's light and heavy traffic fell in May as higher fuel prices triggered by the Middle East conflict weighed on demand and discouraged driving, ANZ Research said Wednesday.According to the ANZ's NZ Truckometer data, the light traffic index, a measure of movement in motorbikes, cars and vans declined by 0.2% last month, but was still up 0.4% year on year, reflecting reduced demand and a loss of economic momentum.While heavy traffic data, which tracks mostly trucks and buses, fell 1.3% in May but was up 1.9% year on year, signaling softening production even as the overall trend remains upward.

^NZ50

Asia45d ago

nib's Divestment Strengthens Focus on Core Business, Says Jefferies

nib holdings (ASX:NHF) will be able to focus on its core private health insurance business and related growth opportunities after the divestment of its Australian and New Zealand travel insurance business, Jefferies said in a note on Tuesday.The insurer sold the travel insurance businesses to Allianz Partners for AU$50 million following the conclusion of a strategic review of nib Travel.The investment firm said it has reset its investment income assumptions based on higher interest rates, positively impacting returns.Regulatory changes are expected to reduce participation from older customers from 2027, as the government is set to remove the higher Private Health Insurance rebate for people aged 65 and over. This, however, is seen to be offset by a decrease in claims from the older age group, it added.Jefferies forecasts nib's adjusted EPS to rise by 0.9% in fiscal 2026 and 7.3% in fiscal 2027.The brokerage maintained a hold rating but raised price target to AU$7.60 from AU$7.15.

ASX:NHF

Asia45d ago

Market Chatter: Woolworths Group to Offshore Several Corporate Roles in Major Cost-Cutting Drive

Woolworths Group (ASX:WOW) will move hundreds of finance, human resources, and information technology roles offshore as part of a cost-cutting and efficiency drive aimed at improving competitiveness against rivals including Amazon, Aldi and Costco, the Australian Financial Review reported Tuesday.The move reflects supermarkets' efforts to manage shrinking margins caused by inflation, supply chain disruptions, and rising supplier costs, while also meeting demand from shoppers for lower-cost groceries.The company said it is consulting staff this week and broadening global managed service partnerships, with most of the affected positions likely in information technology.The company's Chief Executive Amanda Bardwell has cut AU$400 million in costs over the past year and reduced the range of products sold by the supermarket group in a bid to improve profitability.(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.)

ASX:WOW

Asia45d ago

Qantas Airways, Jetstar to Launch Passenger Service From Western Sydney International Airport

Qantas Airways (ASX:QAN) and its Jetstar subsidiary will launch flights from Western Sydney International Airport when it opens on Oct. 25, Qantas said Wednesday.Jetstar will operate up to 14 flights each week between Western Sydney International and Melbourne, four weekly flights to the Gold Coast, and three weekly flights to Brisbane, starting with the first commercial passenger flight to the Gold Coast on Oct. 25.Qantas operations will start on March 28, 2027, with four flights per week to both Melbourne and Brisbane, the company said.The new flights follow Qantas Group and Western Sydney International entering a five-year agreement for domestic passenger flights and freight.

ASX:QAN

Asia45d ago

Alterity Therapeutics Reaches US FDA Alignment on Phase Three Trial for Neurodegenerative Disorder Treatment Candidate

Alterity Therapeutics (ASX:ATH) reached agreement with the US Food and Drug Administration (FDA) on the key elements of its phase three registrational trial for ATH434 in multiple system atrophy, a neurodegenerative disorder, following a positive end-of-phase two meeting, according to a Tuesday statement by the company after market hours.The US FDA endorsed the proposed study design, including the patient population, treatment duration, and primary endpoint based on part one of the 11-item unified multiple system atrophy rating scale, as well as the selected dosing regimen of 50 milligram administered twice daily.Secondary endpoints including swallowing function, orthostatic hypotension symptoms, and global clinical severity were deemed appropriate, with agreement on statistical methods and safety database size.This alignment reduces risk in the pivotal phase three trial and strengthens the pathway toward a potential new drug application submission, with ATH434 already holding fast track and orphan drug designations from the FDA for multiple system atrophy, the company said.

ASX:ATH

Oil & Energy45d ago

Kuwait Discusses Pipeline Expansion With Saudi Arabia, UAE as Hormuz Risks Persist

Kuwait is exploring pipeline export options with Saudi Arabia and the UAE to bypass the Strait of Hormuz as disruptions continue to threaten Gulf crude flows, according to multiple media reports on Tuesday.Discussions are underway between Kuwait Petroleum and neighboring Gulf producers about expanding existing pipeline networks to carry Kuwaiti crude, Chief Executive Sheikh Nawaf Al-Sabah said at a conference in Washington.No timeline has been set for potential exports through the alternative routes, and Sheikh Nawaf did not indicate how far the talks have progressed, according to the reports.About one-fifth of the Gulf's oil and gas supplies have been affected by the conflict in the Middle East, while uncertainty over future access to the Strait of Hormuz persists despite a US-Iran ceasefire.Since the conflict erupted in late February, Kuwait has kept oil fields operating at minimum levels to meet domestic demand and protect wells, while cutting crude production because all of its energy exports depend on the trait.While Saudi Arabia can move about 70% of its normal crude exports through its Red Sea pipeline network, the UAE is expanding infrastructure to ship oil from Abu Dhabi to Fujairah, outside the Strait of Hormuz."When you look at pipelines, they are only as safe as the export facility at the end of it," Sheikh Nawaf said, noting that Iran had previously targeted Saudi and Emirati export assets.In addition to exploring additional overseas oil storage capacity, Kuwait and other Gulf producers are working with the US to strengthen protection of export terminals and pipeline infrastructure.Kuwait Petroleum did not immediately respond to' request for comment.

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