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BHP Group's Outgoing Chief Commercial Officer to Join Albemarle as CEO

BHP Group's (ASX:BHP) Chief Commercial Officer Ragnar Udd, who is set to depart from the firm at the end of January 2027, will join US-based Albemarle as chief executive, effective Feb. 1, 2027, according to a statement late on Thursday.BHP's shares were down nearly 2% in recent Friday trade.

ASX:BHP

Asia2d ago

Clean TeQ Water Awarded FEED, Early Works Contract by Sunrise Energy Metals for New South Wales Scandium Project

Clean TeQ Water (ASX:CNQ) was awarded a front-end engineering design (FEED) and early works contract by Sunrise Energy Metals (ASX:SRL) for the scandium recovery circuit at the Syerston scandium project in New South Wales, according to a Friday Australian bourse filing.Clean TeQ's scope comprises two of the packages that make up the project: a continuous resin-in-pulp ion exchange circuit, underpinned by moving bed ion exchange technology, and the downstream scandium refinery.The contracted FEED scope is valued at around AU$2 million, delivered on a schedule-of-rates basis. It will also supply the long-lead deliverables required to protect the project's delivery schedule, carried at a provisional sum of around AU$3.4 million.

ASX:CNQASX:SRL

Asia2d ago

Nine Entertainment Says Billionaire Bruce Gordon Ups Stake

Nine Entertainment (ASX:NEC) said billionaire Bruce Gordon, Birketu, WIN, and their associates increased their stake in the company on Sept. 1 to 25.94% or 411.4 million shares from 22.98% or 364.3 million shares, according to a Friday Australian bourse filing.

ASX:NEC

Asia2d ago

AusQuest's Peru Project Assay Results Show Potential for Significant Higher-Grade Core, Euroz Hartleys Says

AusQuest's (ASX:AQD) latest assay results from its Cangallo porphyry copper-gold project in Peru continue to showcase the scale, continuity, and growth potential of the system, which remains open in multiple directions, Euroz Hartleys said in a Thursday note."The expanding mineralized footprint, coupled with the emergence of higher-grade zones, strengthens the case for a major porphyry copper discovery with the potential to host a significant higher-grade core," the equity research firm said.The company disclosed assays for the first two completed diamond holes, with one of them intersecting around 348 meters at 0.2% copper and 0.06 grams per tonne grade of gold from 178 meters, and the other returning around 356 meters at 0.3% copper and 0.05 g/t gold from 34 meters.The existence of multiple higher-grade intervals within the broader intersections "is particularly encouraging," and the latest drilling further de-risks the project by confirming both depth and lateral continuity, Euroz Hartleys said.The investment firm maintained its speculative buy recommendation on AusQuest, saying that the company "remains a compelling copper-gold exploration story," with an unchanged target price of AU$0.12.

ASX:AQD

Asia2d ago

Tivan Opens New Northern Territory Corporate Headquarters

Tivan (ASX:TVN) opened its new corporate headquarters in Darwin, Northern Territory, according to a Friday Australian bourse filing.Its Darwin headquarters connect its activities at the Speewah fluorite project in Western Australia, its projects in the Northern Territory, and its presence in East Timor.

ASX:TVN

Asia2d ago

Centuria Office REIT Declares Lower Quarterly Dividend

Centuria Office REIT (ASX:COF) declared a dividend of AU$0.0225 per share for the quarter ending Sept. 30, according to a Friday filing with the Australian bourse.The dividend will be paid on Oct. 28 to shareholders on record as of Sept. 30, per the filing.The company paid a dividend of AU$0.02525 per share in the prior corresponding period, an earlier filing showed.

ASX:COF

Asia2d ago

Power Minerals Intersects Further Rare Earth Mineralization at Brazil Project

Power Minerals (ASX:PNN) intersected further high-grade rare earth mineralization from ongoing maiden drilling campaign at the Morro do Ferro project in Brazil, according to a Friday filing with the Australian bourse.Drilling returned mineralization from surface to 88 meters at 63,312 parts per million total rare earth oxide with 11,937 parts per million magnet rare earth oxide of whole-rock from the surface, the filing said.Further results will be released as they become available and will inform a maiden mineral resource estimate at the project, per the filing.

ASX:PNN

Asia2d ago

Centuria Industrial REIT Declares Higher Quarterly Dividend

Centuria Industrial REIT (ASX:CIP) declared a dividend of AU$0.04325 per share for the quarter ending Sept. 30, according to a Friday filing with the Australian bourse.The dividend will be paid on Oct. 28 to shareholders on record as of Sept. 30, per the filing.The company paid a dividend of AU$0.042 per share in the prior corresponding period, an earlier filing showed.

ASX:CIP

Asia2d ago

ASX Preview: Australian Shares to Rise on Patient Fed Rate Outlook; Peter Warren Automotive Secures ACCC Nod for Proposed Acquisition

Australian shares are poised to rise on Friday, tracking gains on Wall Street after Federal Reserve Governor Christopher Waller signaled a patient approach to interest-rate cuts and said cooling inflation could support keeping rates steady at the central bank's next meeting.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1.1%, 1.4%, and 1.2%, respectively.In the macroeconomy, Australia's labor account report is due at 11:30 am Sydney time.In corporate news, Peter Warren Automotive (ASX:PWR) secured approval from the Australian Competition and Consumer Commission for its proposed acquisition of Wakeling Automotive's new car dealerships, subject to conditions that the company divests eight dealership sites.Brightstar Resources (ASX:BTR) reported Friday fiscal 2026 loss of AU$0.10 per share on revenue of AU$64.1 million, compared with loss of AU$0.12 on revenue of AU$33.5 million a year earlier.Australia's benchmark index rose 0.5%, or 41.7 points, to close at 9,020.10 on Thursday.

ASX 200ASX:BTRASX:PWR

International2d ago

Japan Household Spending, Income Decline in July

Household spending and incomes in Japan both fell in July, according to government data released Friday.Average monthly consumption expenditures for two-or-more-person households stood at 301,245 yen, marking a 1.5% decrease in nominal terms and a 3.6% drop in real terms compared with the same month a year earlier.The pace of the drop was worse than the consensus forecast of a 1.6% decline in real terms, according to Investing.com.Additionally, worker households recorded lower income in July versus the previous year, with average monthly income slipping 1.7% in nominal terms and down 3.8% in real terms to 689,476 yen.

Nikkei 225

Asia2d ago

Peter Warren Automotive Secures ACCC Nod for Proposed Acquisition

Peter Warren Automotive (ASX:PWR) secured approval from the Australian Competition and Consumer Commission (ACCC) for its proposed acquisition of Wakeling Automotive's new car dealerships, subject to conditions that the company divests eight dealership sites, according to a Friday filing with the Australian bourse.ACCC required the divestment of the company's dealerships in the Macarthur region in New South Wales to prevent a "substantial lessening" of competition, the filing said.The acquisition is anticipated to be finalized in the coming weeks, per the filing.

ASX:PWR

International2d ago

South Korea's Current Account Surplus Shrinks in July

South Korea booked a current account surplus of $42.1 billion in July, down from $49.7 billion in June, according to data from the Bank of Korea published Friday.The figure missed Trading Economics' $50 billion surplus forecast.Of the total, the goods account surplus fell to $40.4 billion from $47.9 billion the previous month as exports and imports dropped month on month to $100.5 billion from $112.4 billion and $60.0 billion from $64.5 billion, respectively.Services account logged a larger deficit of $1.97 billion versus $1.29 billion in June, weighed down by deficits in other business services and manufacturing services accounts.

^KOSDAQKOSPI

Asia2d ago

ASX Says Total New Capital Quoted Falls in August

ASX (ASX:ASX) said that total new capital quoted in August was AU$3.99 billion, compared with AU$4.58 billion a year ago, according to a Friday Australian bourse filing.The total quoted market capitalization of entities de-listed was AU$9.99 billion, up from AU$8.36 billion a year earlier.The average daily number of trades of 3.1 million in August was up 22% from 2.6 million in the prior year, per the filing. The average daily value traded on-market of AU$7.93 billion was up 11% from AU$7.16 billion in the year-ago period.

ASX:ASX

Asia2d ago

Armaguard's Designation Under Cash Distribution Framework Helps Ensure Cash Availability, Australian Banking Association Says

The designation of cash-in-transit operator Armaguard under Australia's Cash Distribution Framework Act will help provide continued stability to the distribution and availability of cash across the economy, the Australian Banking Association (ABA) said Thursday.The Reserve Bank of Australia disclosed the designation in a same-day statement, saying the move makes Armaguard a regulated entity that is subject to requirements designed to support a sustainable and efficient cash distribution system.The designation should provide further certainty for cash distribution amid a decline in cash usage in Australia, the ABA said. It added that banks and retailers have injected over AU$100 million in financial assistance above contractual conditions to Armaguard over the last two years.Commonwealth Bank of Australia (ASX:CBA), National Australia Bank Limited (ASX:NAB), Westpac Banking (ASX:WBC, NZE:WBC), and ANZ Group Holdings (ASX:ANZ, NZE:ANZ) are among the members of the ABA.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC

International2d ago

New Zealand's Total Building Volume Rise in June Quarter

New Zealand's seasonally adjusted total building volume rose 4.8% in the June quarter compared with the March quarter, Friday's data from Stats NZ showed.Residential building volume rose 4.8%, while non-residential volume increased 3.3%.Meanwhile, excluding cost changes or seasonal effects, the actual value of building work rose 5.2% year on year to NZ$8.2 billion in the June quarter.Residential building work increased 11% to NZ$5.2 billion, while non-residential work fell 3.4% to NZ$2.9 billion.The actual value of total building work increased across most regions, led by a 3.7% rise in Auckland to NZ$3.2 billion.

^NZ50

Asia2d ago

Bank of Queensland's New Enterprise Agreement Approved by the Fair Work Commission

The Fair Work Commission has approved Bank of Queensland's (ASX:BOQ) new Enterprise Agreement, delivering pay rises, an enshrined 50% work-from-home right, and stronger workplace change and redundancy protections for employees, according to a statement late Thursday from the Finance Sector Union.

ASX:BOQ

International2d ago

ANZ Card Spending Flat in August as Annual Growth Eases to 4.1%

ANZ said card spending was flat in August on a seasonally adjusted basis, with annual growth easing to 4.1% from 6.1%, according to a Friday report by the bank.The bank said most headline categories dipped compared to July, although tourism and recreation and non-retail trades and goods were both higher, while durables and hospitality continued a zig-zag pattern within an upward trend, falling after a lift in July.Strong contributions to annual growth came from non-retail services and tourism and recreation, though smaller growth rates in other categories weighed on total growth, ANZ said, noting that annual growth remains positive across all groups.Spending at fuel and electric vehicle charging stations fell 1.8% in August on a seasonally adjusted basis, extending declines from the prior month, while easing food price inflation may have contributed to softer spending at food-related store types, the report added.

^NZ50

Asia2d ago

Stanmore Resources to Acquire Moranbah South Tenements in Queensland for $105 Million

Stanmore Resources (ASX:SMR) struck a deal to acquire the Moranbah South tenements in Queensland from Exxaro Resources for $105 million, according to a Friday filing with the Australian bourse.Exxaro currently holds a 50% interest of the tenements through its Australian subsidiaries as part of a joint venture with Anglo American unit Anglo Coal (Grosvenor).The deal is conditional on Exxaro first holding a 100% interest in the tenements. Stanmore said Exxaro has exercised pre-emptive rights, triggered by the sale of Anglo's Australian coal assets to Dhilmar QLD, to acquire Anglo's 50% interest in the joint venture.The Moranbah South tenements contain 724 million tonnes of measured and indicated coal resources, which could be accessed through mine infrastructure at Eagle Downs if that project is developed, Stanmore said.It added that the acquisition also benefits the Isaac Downs extension project through the removal of up to $60 million in deferred and contingent consideration payments.The deal is expected to be completed before the end of the year.

ASX:SMR

Asia2d ago

Nine Entertainment Says WIN Group Lifts Stake

Nine Entertainment (ASX:NEC) received notice that WIN Group and its affiliates increased their holdings in the company to 25.94% from 22.98%, according to a Friday Australian bourse filing.WIN Group now owns 411.4 million shares in the company, the filing said.

ASX:NEC

Treasury2d ago

Lottery Prices AU$800 Million Senior Unsecured Notes Issuance

Lottery (ASX:TLC) priced AU$800 million in senior unsecured notes to be issued by its wholly owned subsidiary L&K Finance, comprising AU$400 million of six-year notes due September 2032 at a 6.326% coupon and AU$400 million of 10-year notes due September 2036 at a 6.825% coupon, according to a Friday filing with the Australian bourse.Settlement is expected to take place on Sept. 15, subject to the satisfaction of customary conditions, per the filing.The proceeds will be used for general corporate purposes, including extending the Victorian Public Lottery License, the filing added.

ASX:TLC

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