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UPDATE 2-Australia's Boral asks shareholders to reject Seven Group's zero premium bid

(Adds analyst comment, context) May 11 (Reuters) - Australia’s Boral Ltd on Tuesday urged its shareholders to reject a takeover offer from diversified investor Seven Group Holdings, saying that the offer of buying Boral shares at no premium was “opportunistic” and undervalued the company. Seven, whose interests range from industrial services to media companies, on Monday offered to buy all the shares it does not already own in Boral for A$6.50 per share. The offer by billionaire Kerry Sto...
Amy Caren Daniel Harish Sridharan Anushka Trivedi Soumyajit Saha Mathan Somasundaram Lisa Huynh

Australia shares: Australia shares end higher as China, U.S. data spur recovery bets

Synopsis The S&P/ASX 200 settled 0.07 per cent higher at 7,063.5 points after falling as much as 0.4 per cent during the session. The benchmark gained for the fourth-straight week. Getty Images The Australian tech sub-index added 0.5 per cent, tracking an overnight rally on the Nasdaq. Altium gained 3.2 per cent, while EML Payments firmed 2 per cent. Australian shares closed near 14-month highs on Friday as upbeat economic data from the United States and record first-quarter economic growth in ...
United States New Zealand Mathan Somasundaram Beach Energy Origin Energy Deep Data

Australia shares end flat ahead of U.S. inflation data as mining, energy stocks drag

* Technology stocks outperform benchmark * NZX50 index gains 1.1% April 13 (Reuters) - Australian shares surrendered early gains in a choppy session to end flat on Tuesday as investors awaited inflation data from the United States before making further bets, with energy and mining firms cancelling out gains in tech stocks. The S&P/ASX 200 index closed up 0.04% at 6,976.9 points, having gained as much as 0.3% during the session. “The market is mainly in a holding pattern in anticipation of the...
United States New Zealand Shailesh Kuber Priya Sharma Mathan Somasundaram Beach Energy

Australia shares: Australia shares end flat ahead of US inflation data as mining, energy stocks drag

Synopsis The S&P/ASX 200 index closed up 0.04 per cent at 6,976.9 points, having gained as much as 0.3 per cent during the session. Getty Images Australian mining stocks tumbled 0.7 per cent to mark their third straight session in the red, even as iron ore prices jumped on robust demand worldwide. Australian shares surrendered early gains in a choppy session to end flat on Tuesday as investors awaited inflation data from the United States before making further bets, with energy and mining firms...
United States New Zealand Mathan Somasundaram Beach Energy Rio Tinto Deep Data

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Australia: Shares set for worst day in nearly five months on recovery concerns

[BENGALURU] Australian shares fell more than 2 per cent on Thursday in their worst session in nearly five months, as investors fled riskier assets following overnight volatility on Wall Street after the US Federal Reserve flagged a potential slowdown in economic recovery. Read more at The Business Times.
New Zealand Mathan Somasundaram Big Four Fortescue Metals Group Federal Reserve Wall Street

proteanTecs to Host Live Webinar with Siemens on Multi-Layer Performance Monitoring in Advanced SoCs

Share this article Share this article HAIFA, Israel, Dec. 30, 2020 /PRNewswire/ -- proteanTecs, a global leader of Deep Data solutions for electronics health and performance monitoring, will be hosting a live webinar with Siemens Digital Industries Software titled " From Timing-Margins to Cache Misses in Advanced SoCs" on January 6, 2021 at 12pm EST, 5pm GMT. To register, visit here. proteanTecs and Siemens to host live webinar on deep data performance monitoring The webinar will introduce the...
United States New Jersey Evelyn Landman Tamar Naishlos Siemens Digital Industries Software Deep Data

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