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Market updates
Fonterra (NZX: FCG) to Invest $138M in New Zealand Cool Store as Part of Supply Chain Expansion
September 18, 2024 01:23 PM AEST| By Team Kalkine MediaNew Zealand's largest dairy producer, Fonterra Co-operative Group (NZX: FCG), has announced a significant investment of $NZ150 million (approximately $138 million USD) to construct a new cool store facility in Taranaki, located on New Zealand's North...
The Importance of the US Federal Reserve's Rate Cut Strategy: Insights from MFS Investment Management (MFS)
September 18, 2024 01:22 PM AEST| By Team Kalkine MediaAs financial markets anticipate a much-expected rate cut by the US Federal Reserve (Fed), the focus should not solely be on the size of the initial cut but on the persistence and steadiness of the monetary policy easing cycle that follows. MFS Invest...
Harvey Norman (ASX: HVN) Faces Class Action Over “Worthless” Extended Warranties
September 18, 2024 01:21 PM AEST| By Team Kalkine MediaAustralian retailer Harvey Norman (ASX: HVN) is facing significant legal challenges following the filing of a class action by Echo Law. The class action alleges that Harvey Norman engaged in misleading, deceptive, and unconscionable conduct by sellin...
RBA to Prioritize Wholesale Digital Currency Over Retail: A Strategic Shift
September 18, 2024 01:19 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has made a significant decision to prioritize work on a wholesale central bank digital currency (CBDC), focusing on the economic benefits that such a project could bring to Australia's financial system. This move,...
TAG Builds Dedicated Q-SYS Australia Team to Accelerate Growth
September 18, 2024 01:15 PM AEST| By Business WireSINGAPORE--(BUSINESS WIRE)--QSC APAC Pte Ltd. and TAG announce a new dedicated business team to support the growth of Q-SYS in Australia. This team will be dedicated to delivering focused solutions an...
Australian pension funds TelstraSuper, Equip Super plan to merge
September 18, 2024 01:09 PM AEST| By EODHD(Reuters) - TelstraSuper, the pension fund arm of telecom major Telstra, said on Wednesday it is exploring a potential merger with bigger peer Equip Super, which could create a combined fund with arou...
BAM Mutual Launches Bond Insurance for Australia’s Energy Transition and Social Infrastructure Projects
September 18, 2024 01:00 PM AEST| By Business WireAA-Rated Financial Guarantee Reduces Costs and Improves Certainty of Delivery for Essential Infrastructure MELBOURNE, Australia--(BUSINESS WIRE)--$WTM--BAM Mutual, the only mutual bond insurer focuse...
Arizona Sonoran Announces Annual and Special Meeting Results
September 18, 2024 12:03 PM AEST| By Business WireCASA GRANDE, Ariz. & TORONTO--(BUSINESS WIRE)--$ASCU #Arizona--Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging US-based copper developer and near-te...
Zycus Named a LEADER in Supplier Value Management Platforms by Independent Research Firm
September 18, 2024 12:00 PM AEST| By Business WireReport states: “Zycus excels with its Merlin GenAI capabilities for its SVM suite.” MELBOURNE, Australia--(BUSINESS WIRE)--Zycus, a leading provider of GenAI-powered Source-to-Pay solutions, today an...
Wolters Kluwer CCH Integrator Announces Strategic Agreement with OneTeam Services Group
September 18, 2024 11:00 AM AEST| By Business WireWolters Kluwer and OneTeam Services to Elevate Tax Compliance and Data Management Solutions SYDNEY--(BUSINESS WIRE)--Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC), announces a strateg...
Rose Rocket Partners with CartonCloud to Bring Transportation Software to Australia and New Zealand
September 18, 2024 10:22 AM AEST| By Business WireThe strategic expansion marks a key milestone in Rose Rocket’s global go-to-market strategy, underscoring a shared commitment with CartonCloud to enter new markets with investment, innovation, and ex...
ASX 200 Set to Ease as Focus Shifts to the Fed's Decision
September 18, 2024 09:48 AM AEST| By Team Kalkine MediaThe ASX 200 is poised for a pullback following recent record highs, with futures indicating a 39-point decline, or 0.47%, as of 8:30 am AEST. This retreat is seen ahead of the closely watched U.S. Federal Reserve’s upcoming interest rate decision, ex...
Rio Tinto launches biofuel crop farming trial for renewable diesel production in Australia
September 18, 2024 08:31 AM AEST| By Business WireMELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will develop Pongamia seed farms in Australia as part of a new biofuels pilot. The project will explore the potential of Pongamia seed oil as a feedsto...
TASI ® Bank Joins Bank of Guam ® As Sponsor of 30th Annual Pacific Islander Festival in San Diego
September 18, 2024 05:00 AM AEST| By Business WireSAN DIEGO--(BUSINESS WIRE)--TASI ® Bank and its parent company, Bank of Guam ® will join forces at The Pacific Islander Festival Association’s (PIFA) 30th Anniversary celebration, taking place on Satu...
Osmose Unveils Upgrade to O-Calc® Pro Pole Loading Analysis Software
September 18, 2024 02:15 AM AEST| By Business WireATLANTA--(BUSINESS WIRE)--#electricutilities--Osmose® Utilities Services, Inc. is excited to announce the release of O-Calc Pro Version 7.01. This major upgrade introduces groundbreaking features spec...
Kasisto’s Funding Reaches $90 Million; Appoints Don Layden as Executive Chairman
September 18, 2024 01:00 AM AEST| By Business WireStrengthening Position as the Leading Provider of Conversational and Generative AI Solutions for Financial Services NEW YORK--(BUSINESS WIRE)--Kasisto, the creators of KAI, the leading conversational...
Island Country of Tonga Partners with Everbridge to Enhance Multi-Hazard Early Warning Systems & Response
September 18, 2024 12:30 AM AEST| By Business WireTonga is the first project of its kind under the United Nations’ “Early Warnings for All” initiative to be funded through World Bank Everbridge to enhance Tonga’s national, multi-hazard early war...
Westwater Resources Announces Off-Take Agreement for Sale of 100% of Fines Graphite Production from its Kellyton Plant
September 17, 2024 11:30 PM AEST| By Business WireWestwater contracts with Hiller Carbon, a leading supplier of materials to the steel and foundry industries, to supply 100% of its natural graphite Fines production. With this binding Off-Take Agr...
U.S. Crude Oil Inventories to Rise by 0.3 Million Barrels Week-Over-Week Despite Storm Impact, Macquarie Says
September 17, 2024 08:27 PM AEST| By EODHDU.S. Crude Oil Inventories to Rise by 0.3 Million Barrels Week-Over-Week Despite Storm Impact, Macquarie Says
Regal Partners' (ASX:RPL) Bid for Platinum Asset Management Could Expand Phil King's Empire to $29 Billion
September 17, 2024 06:36 PM AEST| By Team Kalkine MediaPhil King’s Regal Partners Limited (ASX:RPL) is on the verge of making a transformative move that could reshape the Australian funds management landscape. The company has made a formal bid to acquire Platinum Asset Management Limited (ASX:PTM), a glo...
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