Category: Australian
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Australian co Adisyn buys Israeli chip co 2D Generation
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Adisyn, whose shares are traded on the Australian Securities Exchange (ASX), has announced the completion of the acquisition of 100% of the shares of Israeli semiconductor company 2D Generation (2DG). 2DG was founded by CEO Ari Kohavi, an Israeli entrepreneur who previously founded Water-Gen, which developed technology to produce water…
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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Australian housing finance data, August 2024: Home loans +0.7% m/m (prior +2.9%)
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Australian August trade surplus larger than expected
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Australian top court dismisses ANZ’s appeal against share placement case By Reuters
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(Reuters) – The Federal Court has dismissed an appeal by ANZ Group against a lawsuit that found the lender guilty of failing to disclose a A$2.5 billion (US$1.73 billion) share offering, Australia’s corporate regulator said on Wednesday. While dismissing the appeal, the court upheld the original decision in a case…
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Australian (populist swill) politicians are now actively moving to remove RBA independence
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The Australian Greens want to end the independence of the Reserve Bank of Australia. The Greens have said they will only support changes to the RBA if interest rates are cut. Australian Treasurer Chalmers is trying to create a new monetary policy board at the Reserve Bank of Australia, but…
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Newsquawk Week Ahead: Highlights include US PCE, Global PMIs, RBA, SNB, and Australian CPI
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Mon: Market Holiday: Japan (Autumnal Equinox); EZ, UK & US Flash PMIs (Sep), US National Activity Index (Aug) Tue: RBA Policy Announcement; German Ifo (Sep), US Consumer Confidence (Sep), Richmond Fed (Sep) Wed: Riksbank & CNB Policy Announcements; Australian CPI (Aug), US Building Permits Revision (Aug), New Home Sales (Aug),…
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Australian Bitcoin ETF to Implement Proof of Reserves with Hoseki
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Monochrome Asset Management Company announced Monochrome Bitcoin ETF (IBTC) will carry out the reserve verification process through a new partnership with HosikiThis makes IBTC the first Australian Bitcoin ETF to adopt such transparency measures. The Monochrome Bitcoin ETF, which launched earlier this year, has seen steady inflows of 134 bitcoins…
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Australian July Trade Balance is a surplus of AUD 6.009bn (expected 5.15bn)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Australia’s Q2 GDP Miss Is Not Helping The Australian Dollar
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Australia’s economy grew by 0.2% in the second quarter of 2024, in line with an upwardly revised 0.2% growth in the previous quarter but below market estimates of a 0.3% rise. Link to the Australian Bureau of Statistics’ Q2 2024 GDP report The report detailed: Local final order Contributed 0.2%…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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Australia approves project connecting Singapore to Australian solar farm via undersea cable
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Singapore is a small island nation that lacks natural resources and relies on imports for almost everything, including water and energy. About 2,600 miles away is Australia, rich in natural resources and open spaces. Now, a billionaire tech founder wants to use some of Australia’s unused land to give Singapore…
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Australian dollar battles to recoup late-July losses
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AUDUSD Daily The Australian dollar rose 50 pips today on its third day of gains. It is at its highest level since July 18, and at levels that would be the highest since January except for the June and July spikes. What is particularly impressive is that the Australian dollar…
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Australian dollar likely to struggle against USD: Citi By Investing.com
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Citi FX analysts provide insights into the performance of the Australian dollar against various currencies, and predict a challenging path for the Australian dollar. According to the brokerage, the recent sharp drop in the exchange rate points to a long-term ceiling that formed at just below 110 yen to the…
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Australian jobs report due 15 August 2024, the unemployment rate will not be 10.1%
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The Australian labour market report is due at 11.30am Sydney time. 0130 GMT 2130 EST (Wednesday) The unemployment rate is expected to remain steady at 4.1%. Yesterday, a special study conducted by Roy Morgan published its unemployment report for July: The “real” unemployment rate rose to 10.1% (up 1.8 percentage…
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Australian regulator sues ASX over alleged false statements on CHESS platform progress By Reuters
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Australia’s corporate regulator said on Wednesday it is suing the country’s stock exchange operator ASX Ltd for making “misleading” statements about the timetable for replacing its Clearing House Electronic Subregister System (CHESS) trading platform. The Australian Securities and Investments Commission (ASIC) has alleged that ASX statements claiming that the CHESS…
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Australian regulator warns of (slowly) rising arrears on mortgage and business loans
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator for the Australian financial services industry. The macroprudential policy settings will be maintained as they are following the latest quarterly assessment of domestic and international economic conditions. The quality of new housing loans remains good, and delinquency rates on both…
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Temasek to invest up to $198 million in Australian ETF manager Betashares By Reuters
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(Reuters) – Singapore-based investment firm Temasek Holdings said on Monday it will invest up to A$300 million (US$198.4 million) in Australian exchange-traded fund manager BetShares. The funding is expected to expand Betashares’ offering in Australia and overseas, it said in a statement. With this investment, Temasek will own an undisclosed…