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House Approves $95 Billion Budget Plan to Fund Trump's Iran War

The US House of Representatives approved a $95 billion budget plan largely aimed at funding President Donald Trump's war with Iran, Bloomberg News reported Wednesday.The measure, passed in a 216-214 vote, is the first step in a process that would allow Republicans to fast-track $73 billion in Iran war-related spending and pave the way for aid to farmers affected by foreign retaliation to US tariffs and higher fuel and supply costs, Bloomberg reported.House Democrats unanimously opposed the measure, with Democratic leaders saying they plan to make Republican support for the funding a key issue in the November midterm elections, Bloomberg reported.

Asia23h ago

Zenith Minerals Says Ida Metal Investments Lifts Stake, Signals No Acceptance of Forrestania Offer

Zenith Minerals (ASX:ZNC) said Ida Metal Investments has increased its stake in the company to around 10.1% after acquiring 4 million shares on-market, while indicating it does not currently intend to accept Forrestania Resources' (ASX:FRS) takeover offer of one Forrestania share for every 4.3 Zenith shares, according to a Thursday filing with the Australian bourse.The company noted that Ida's holding alone would not prevent the takeover offer from becoming unconditional, with the bid subject to a 50.1% minimum acceptance condition, the filing said.The company's board reiterated its unanimous recommendation that shareholders accept Forrestania's offer, in the absence of a superior proposal, the filing added.

ASX:FRSASX:ZNC

Asia23h ago

Catapult Group International Launches Video Scouting Platform

Catapult Group International (ASX:CAT) launched Impect Video Scouting, powered by Impect's Packing data and contextual football intelligence for professional soccer clubs, according to a Thursday filing with the Australian bourse.The platform allows scouts define specific performance criteria, and provides corresponding footage of candidates exhibiting those traits, streamlining the player selection process, the filing said.

ASX:CAT

Asia23h ago

Tourism Holdings Raises Fiscal 2026 Underlying Net Profit Outlook; Shares Up 3%

Tourism Holdings (NZE:THL, ASX:THL) now expects fiscal 2026 underlying net profit after tax (NPAT) from continuing operations of around NZ$46 million, up from its previous guidance range of NZ$40 million to NZ$43 million, according to a Thursday filing with the Australian and New Zealand bourses.The company attributed the outlook upgrade to favorable year-end interest outcomes, strong late booking trends across its markets, and New Zealand vehicle sales performing at the upper end of expectations.Tourism Holdings also said forward booking trends remain positive, with US bookings more than 50% higher than a year earlier in recent weeks and Australia and New Zealand forward bookings returning to growth.The company is "increasingly confident" in the outlook for the fiscal 2027 Southern Hemisphere summer season, it said.The company's New Zealand shares jumped 3% in recent Thursday trade.

ASX:THLNZE:THL

Treasury23h ago

Ramsay Health Care Closes 1.75 Billion Euro Refinancing, Plans ASX Foreign Exempt Listing Via CDIs

Ramsay Health Care (ASX:RHC) unit Ramsay Santé said it has closed its 1.75 billion euro refinancing, comprising a 1.55 billion euro Term Loan B and a 200 million euro revolving credit facility, with the Term Loan B priced at Euribor plus 350 basis points at an original issue discount of 99, anchored by both new and existing lenders, according to a Thursday Australian bourse filing.The company said it intends to apply for a foreign exempt listing on the ASX and to put in place arrangements so that RHC shareholders may hold their interest in Ramsay Santé through chess depositary interests (CDIs), which would be tradeable on the Australian bourse subject to all applicable approvals, with each CDI providing the equivalent economic exposure and voting entitlement as an ordinary listed share in Ramsay Santé, the filing added.

ASX:RHC

Asia23h ago

PolyNovo Reports Higher Fiscal 2026 Group Revenue

PolyNovo (ASX:PNV) reported preliminary fiscal 2026 revenue of AU$150 million, up over 16% from AU$129.2 million in the prior corresponding period, according to a Thursday Australian bourse filing.Group commercial sales increased nearly 17% to AU$138.4 million from AU$118.6 million, while US commercial sales grew about 16% to AU$102.1 million, up from AU$88.4 million in the prior period.Rest of world commercial sales increased 20% to AU$36.3 million, compared with AU$30.3 million in the prior period, the filing said.Cash and cash equivalents as of June 30 was AU$35.4 million, the filing added.The company will release its fiscal 2026 financial report on Aug. 26.

ASX:PNV

Asia23h ago

Accent Group Says Offer Period for Proposed Frasers Group Deal Extended Through September

Accent Group (ASX:AX1) said the offer period for Frasers Group's proposed acquisition of the company has been extended to the close of trading on Sept. 30, according to a Thursday filing with the Australian bourse.Frasers in June proposed to acquire all Accent Group shares it does not already own at AU$0.65 per share in cash.Accent Group's independent board committee subsequently recommended that shareholders reject the unsolicited on-market takeover bid.

ASX:AX1

Asia23h ago

James Hardie Industries to Post Higher Q1 Adjusted EBITDA, Net Sales

James Hardie Industries (ASX:JHX) expects to report first-quarter fiscal 2027 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of between $399 million and $407 million and net sales of between $1.45 billion and $1.48 billion, according to a Thursday Australian bourse filing.The company reported adjusted EBITDA of $225.5 million with net sales of $899.9 million in the same period last year, an earlier filing showed.The company had prior guidance of net sales of $1.32 billion to $1.35 billion and adjusted EBITDA of $354 million to $375 million, the filing added.

ASX:JHX

Asia23h ago

Domino's Pizza Enterprises Misled Franchisees by Instructing Them to Underpay Workers, Australia's Federal Court Rules

Domino's Pizza Enterprises (ASX:DMP) misled franchisees by asking them to underpay thousands of delivery drivers and in-store staff under obsolete employment agreements that did not include key entitlements, Australia's Federal Court ruled on Wednesday.The class action filed in 2019 by Riley Gall, a former Domino's delivery driver, covers workers employed by Domino's Australian franchisees between 2013 and 2018.The company's conduct was "objectively wrong" when it instructed franchisees to pay workers under outdated agreements as opposed to the applicable Fast Food Industry Award, which carries better terms and conditions, the court said.It added that the determination of claims for loss and damage by group members will require a further hearing.Domino's Pizza Enterprises did not immediately respond to a request for comment from.

ASX:DMP

Asia23h ago

Santos Posts Higher Q2 Total Production; Narrows 2026 Output Target

Santos (ASX:STO) reported total production of 23.1 million barrels of oil equivalent (MMboe) in the second quarter ended June 30, up on last year's 22.2 MMboe, according to a Thursday filing with the Australian bourse.Total production in the previous quarter was 22.5 MMboe, the filing said.Additionally, the company updated its 2026 production guidance to 99 MMboe to 105 MMboe from 101 MMboe to 111 MMboe.The company reaffirmed its capital expenditure guidance in the range of $1.95 billion to $2.15 billion, per the filing.

ASX:STO

Asia23h ago

Amcor Shares Unlikely to Secure Sustained Re-rating, Jefferies Says

Amcor (ASX:AMC) shares have rebounded as cost concerns have eased, but a sustained re-rating is unlikely due to ongoing structural challenges, Jefferies said in a note on Wednesday.The packaging company is expected to face a structural volume drag of around 1% per year, making it difficult for the company to meet its 2027 market consensus expectations.Jefferies said Amcor's organic volumes have declined for four consecutive quarters, due to customers shifting towards cheaper store brands, lower food assistance spending that could reduce demand in some product categories, and weight loss drugs impacting demand for certain food categories.The investment firm expects Amcor to report fiscal fourth-quarter earnings per share of $1.20, in line with analysts' estimates compiled by Visible Alpha.Jefferies downgraded Amcor's rating to hold from buy and cut its price target to AU$64.17 from AU$70.77.

ASX:AMC

Asia1d ago

Sandfire Resources Reports Higher Fiscal Q4 Copper Equivalent Production

Sandfire Resources (ASX:SFR) reported fiscal fourth-quarter copper equivalent production of 47,600 tonnes, up from 41,800 tonnes a year earlier, according to a Thursday filing with the Australian bourse.The company expects fiscal 2027 copper-equivalent production to range between 150,000 and 166,000 tonnes, the filing added.

ASX:SFR

International1d ago

South Korea's Q2 GDP Growth Slows to 3.7%

South Korea's GDP grew 3.7% year over year in the second quarter, according to an advance estimate released by the Bank of Korea on Thursday.The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% expansion, tracked by Investing.com.On a quarter-over-quarter basis, the economy expanded 0.6%, also decelerating from the 1.8% increase in the previous quarter. The latest print, however, was up from the 0.4% consensus forecast.

^KOSDAQKOSPI

Asia1d ago

Lynas' Apatite Challenge Temporary, Capex Expected to Rise, Jefferies Says

Lynas Rare Earths (ASX:LYC) hit a setback in production after apatite ore was discovered at Mt Weld, which the miner has now framed a temporary rather than structural issue, Jefferies said in a note on Wednesday.The investment firm said that while the impact was unforeseen, it remains confident in Lynas Rare Earths as a geopolitically significant, non-China supplier with increasing earnings security through pricing agreements and growing production capacity.The firm forecasts capital expenditure to increase to AU$707 million from AU$496 million over the next five years, driven by a sharp 63% jump in the cost of the Heavy Rare Earth separation facility expansion, higher equipment costs, and thorium extraction and waste management projects.Jefferies maintained its buy rating but lowered price target to AU$20.50 from AU$22.

ASX:LYC

Asia1d ago

Macquarie Group CEO to Retire

Macquarie Group (ASX:MQG) said Chief Executive Shemara Wikramanayake will retire, effective Nov. 6, according to a Thursday filing with the Australian bourse.Greg Ward, currently head of banking and financial services, will succeed Wikramanayake as CEO, effective Nov. 7, the filing added.

ASX:MQG

Asia1d ago

Genesis Energy Posts Lower Fiscal Q4 Retail Electricity Sales

Genesis Energy (NZE:GNE, ASX:GNE) reported total retail electricity sales of 1,543 gigawatt-hours (GWh) for the fiscal fourth quarter ended June 30, down from 1,696 GWh in the same quarter a year earlier, according to a Thursday filing with the Australian and New Zealand bourses.The company's retail customers fell to 490,227 in the quarter from 520,519 a year earlier, and wholesale electricity sales declined year over year to 1,343 GWh from 1,835 GWh.The company's total retail gas sales were 1 petajoule in the June quarter, down from 1.7 petajoules in the same quarter last year.Genesis Energy's New Zealand shares shed about 1% in recent Thursday trade.

ASX:GNENZE:GNE

Asia1d ago

PMET Resources Enters Letter of Intent With Cree Nation of Chisasibi for Engagement on Proposed Canadian Project

PMET Resources (ASX:PMT) entered a non-binding letter of intent with the Cree Nation of Chisasibi to establish a framework for continued engagement and discussion with respect to the company's proposed Shaakichiuwaanaan project in Quebec, Canada, according to a Thursday statement.The parties plan to set up subject-matter focused working groups to support discussion and information exchange on specific topics, which may include training, employment, local economic development, and the environment, among other matters.The letter of intent does not constitute approval or endorsement for the Shaakichiuwaanaan Project, the company said.

ASX:PMT

Asia1d ago

Mercury Acquires Nearly 13% of Datagrid in $30 Million Investment

Mercury (ASX:MCY, NZE:MCY) acquired a 12.7% stake in Datagrid Holding Group through a $30 million investment, supporting the development of a planned 360-megawatt large-scale data center in Southland, according to a Thursday filing with the New Zealand and Australian bourses.The investment, funded through existing capital facilities, builds on the company's 140-megawatt power purchase option agreement signed in March and supports its strategy to meet long-term renewable electricity demand, per the filing.The project has secured resource consent, with a final investment decision anticipated later this year, the filing said.

ASX:MCYNZE:MCY

Equities1d ago

Matador Resources Keeps Quarterly Dividend at $0.375 a Share, Payable Sept. 8 to Stockholders of Record Aug. 10

$MTDR

Commodities1d ago

Kinder Morgan Posts Higher Q2 Natural Gas Volumes, Lower Refined Products Deliveries

Kinder Morgan (KMI) reported Q2 earnings Wednesday, showing total delivery volumes of 2.044 million barrels per day, down from 2.213 million b/d a year earlier.The company delivered 1.623 million b/d of refined products for the quarter ended June 30, compared with 1.710 million b/d a year earlier.Crude and condensate delivery volumes declined to 421,000 b/d from 503,000 b/d in Q2 2025.Natural gas transport volumes increased to 47,886 billion British thermal units per day from 44,818 BBtu/d a year earlier.Natural gas sales volumes rose to 3,908 BBtu/d for the quarter, compared with 2,832 BBtu/d, while natural gas gathering volumes climbed to 4,637 BBtu/d from 3,692 BBtu/d a year earlier.Natural gas liquids transport increased to 52,000 b/d for Q2 2026, up from 39,000 b/d for the same quarter last year.Gasoline volumes declined to 970,000 b/d, down from 1.016 million b/d a year earlier.Diesel fuel volumes decreased to 357,000 b/d from 369,000 b/d in the year-ago quarter.Jet fuel volumes fell to 296,000 b/d from 325,000 b/d a year earlier.The CO2 segment produced 28,040 barrels of oil per day during the quarter, up from 25,520 b/d a year earlier. SACROC production increased to 21,110 b/d from 18,420 b/d.Net natural gas liquids sales volumes increased to 9,800 b/d from 9,030 b/d, while net CO2 sales volumes rose to 0.306 billion cubic feet per day from 0.291 Bcf/d.Kinder Morgan said its project backlog totaled $9.6 billion at the end of Q2.Natural gas projects accounted for about 92% of the backlog, while over 60% supports power generation and local distribution company demand.

$KMI

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