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Today: March 22, 2025
Today: March 22, 2025
Rishav Chatterjee

Rishav Chatterjee

Staff Writer

Latest From Rishav Chatterjee

Australia|Business|Economy|Food|Political

Australia's supermarkets grew profit margins as living costs soared, says regulator

Australia's dominant supermarket chains have benefited from wider profit margins at a time of rapidly increasing shelf prices, the competition

Australia's supermarkets grew profit margins as living costs soared, says regulator
Australia|Business|Economy|Technology

Australia greenlights Vocus' takeover of TPG Telecom's fibre, fixed assets

Macquarie-backed fibre network Vocus Group is closer to becoming one of Australia's largest owners of underground fibre infrastructure, as the

Australia greenlights Vocus' takeover of TPG Telecom's fibre, fixed assets
Australia|Business|Economy|Fashion and Beauty|Finance|Stock Markets

Australia's Myer's profit slumps; shares tank on bleak outlook

Australian department store owner Myer on Wednesday posted lower interim earnings, citing logistical challenges at a distribution centre in Victoria and strategic

Australia's Myer's profit slumps; shares tank on bleak outlook
Australia|Business|Finance

National Australia Bank finance chief Nathan Goonan will exit to join Westpac

National Australia Bank Chief Financial Officer Nathan Goonan will leave the lender later this year to join rival Westpac, the Australian banks

National Australia Bank finance chief Nathan Goonan will exit to join Westpac
Australia|Business|Economy|Finance

Australia's Star names Salter Brothers as party behind $590 million refinancing play

Australia's No. 2 casino operator Star Entertainment said it has opened its books to investment group Salter Brothers for a debt refinancing proposal

Australia's Star names Salter Brothers as party behind $590 million refinancing play
Australia|Business|Economy|Finance

Insignia opens books after Bain, CC Capital raise bid to $2.1 billion

Insignia Financial has granted access to its books to two key suitors after both Bain Capital and CC Capital raised their respective takeover bids to A$3.34 billion ($

Insignia opens books after Bain, CC Capital raise bid to $2.1 billion
Australia|Business|Economy|Food

Guzman y Gomez shares plunge as U.S. sales slow, underlying profit misses

Mexican fast-food chain Guzman y Gomez on Friday reported first-half underlying earnings that missed estimates as declining sales at its U.S. outlets

Guzman y Gomez shares plunge as U.S. sales slow, underlying profit misses
Asia|Business|Economy|Finance|Stock Markets

Bearish bets further ease on Asian currencies as markets look past Trump tariffs - Reuters poll

Short positions on all Asian currencies were at multi-month lows on Thursday, as analysts shrugged off fears around the potential of an extended global trade war and

Bearish bets further ease on Asian currencies as markets look past Trump tariffs - Reuters poll
Asia|Australia|Business|Economy

Singtel's quarterly earnings nearly triple, shares hover around six-year highs

Singapore Telecommunications (Singtel) issued a positive annual earnings outlook and posted a nearly threefold increase in third-quarter earnings on

Singtel's quarterly earnings nearly triple, shares hover around six-year highs
Asia|Business|Finance

China developer Greentown to issue $150 million additional bonds to refinance debt

Greentown China said on Tuesday it will issue additional dollar bonds worth $150 million to help refinance its existing borrowings, after offering the

Australia|Business|Economy|Political|Stock Markets

Australian insurance stocks slide after opposition leader's breakup threat

Australian insurance companies fell sharply on Monday after opposition leader Peter Dutton threatened to break them up, accusing them of

Australian insurance stocks slide after opposition leader's breakup threat
Australia|Business|Economy|Finance|Stock Markets

Star gets potential lifeline as Oaktree offers refinancing; shares rally

Star Entertainment announced on Monday that U.S.-based Oaktree had offered to refinance A$650 million ($413.40 million) of its debt in what could

Star gets potential lifeline as Oaktree offers refinancing; shares rally
Australia|Business|Finance|Stock Markets

Exchange operator ASX posts rise in new listings and capital growth, shares jump

Australian exchange operator ASX said on Thursday it had recorded higher new listings and total quoted capital in the first half and flagged the momentum was continuing

Exchange operator ASX posts rise in new listings and capital growth, shares jump
Australia|Business|Economy|Finance|Stock Markets

Aussie discretionary retailers hit third straight record on rate cut hopes

Australian discretionary retailers hit a record for the third straight session on Thursday, after cooling inflation data raised hopes of an interest

Aussie discretionary retailers hit third straight record on rate cut hopes
Australia|Business|Finance|Stock Markets|US

Aussie casino operator Crown confirms launching internal probe into CEO

Blackstone-owned Australian casino operator Crown Resorts on Wednesday confirmed it had started an internal probe into CEO Ciaran Carruthers, who allegedly overruled

Aussie casino operator Crown confirms launching internal probe into CEO
Australia|Business|Economy|Finance|Stock Markets

Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

Australia's Lynas Rare Earths said on Monday its second-quarter revenue fell sharply, missing analysts' estimates, as prices plunged

Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand
Business|Finance

Star Entertainment says Hard Rock-led group weighs bid; shares surge

Star Entertainment said on Monday a consortium that hosts a local partner of Florida-based Hard Rock Hotels & Casinos is considering a bid for the

Star Entertainment says Hard Rock-led group weighs bid; shares surge
Business|Finance|US

Star shares fall as Hard Rock denies takeover interest

Hard Rock International, the chain that runs the storied Hard Rock Cafe hotels and restaurants, has denied any involvement in a takeover bid for embattled Star

Star shares fall as Hard Rock denies takeover interest
Business|Finance

Australia's Lendlease exits offshore markets to focus on local growth

Australian developer Lendlease will retreat from its overseas construction businesses and free up to A$4.5 billion ($2.9 billion) in capital for

Australia's Lendlease exits offshore markets to focus on local growth
Asia|Business|Finance

Aramco to buy 10% stake in Renault-Geely thermal engines venture

Oil producer Saudi Aramco will buy a 10% stake in a thermal engines joint venture between French carmaker Renault and Chinese automaker Geely, the companies said on

Aramco to buy 10% stake in Renault-Geely thermal engines venture
Australia|Business|Finance

"Failed" Australian corporate watchdog should be spilt in two, Senate inquiry finds

Australia's corporate watchdog should be split into two after "comprehensively" failing in its role, including by not taking action against offenders and focusing more

"Failed" Australian corporate watchdog should be spilt in two, Senate inquiry finds
Business|Finance|Stock Markets

Rio Tinto's iron ore shipments miss estimates due to May train derailment

Global mining giant Rio Tinto reported second-quarter iron ore shipments below analyst estimates on Tuesday, reflecting impacts to production from a train derailment in

Rio Tinto's iron ore shipments miss estimates due to May train derailment
Asia|Business|Economy|Finance|Food

ThaiBev plans to shed property assets in share swap deal

Thai Beverage, Southeast Asia's biggest brewer, plans to divest its real estate assets and become a pure-play drinks and food firm in a share swap

ThaiBev plans to shed property assets in share swap deal
Business|Finance|Technology

Philippine's Mynt gets valuation boost at $5 billion with Ayala, MUFG funding

Mynt, which operates the Philippine e-wallet brand and IPO-hopeful GCash, has more than doubled its valuation to $5 billion following investments from Ayala Corp and

Philippine's Mynt gets valuation boost at $5 billion with Ayala, MUFG funding
Asia|Business|Economy|Finance|Stock Markets

China Evergrande's EV arm units to enter bankruptcy proceedings, court rules

China Evergrande's electric vehicle group said on Monday a Chinese court had ruled that two of its subsidiaries should enter bankruptcy and be reorganised

China Evergrande's EV arm units to enter bankruptcy proceedings, court rules

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