Page 18 - Rishav Chatterjee News Today

(Reuters) -Australian conglomerate Wesfarmers Ltd said annual profit rose 4.8%, just ahead of analyst forecasts, as elevated living costs sent new shoppers to its budget department store chain Kmart, offsetting the impact of a renovation slowdown on its hardware unit. The result shows the benefit of diversification at the country's biggest listed conglomerate which also owns pharmacies, an office supplies chain, an industrial chemicals business and a lithium mine that is scheduled to star...

MELBOURNE -BHP Group on Tuesday said it saw solid growth from some sectors in China as it logged its weakest annual profit since 2020, but added it was too early to assess the impact of Beijings...

Australias Ampol on Monday posted a 26% drop in its half-year profit, as earnings from its primary refining business fell reflecting weaker margins at its Lytton refinery in Brisbane and softer...

BHP Group on Tuesday reported a sharp drop of 37% in its annual profit, hit by declining prices for its key commodities, including iron ore, copper, and metallurgical coal. Underlying...

Australian real estate firm Dexus said on Friday it had sold an office building in downtown Sydney, with the buyer receiving a 16% discount on a 2022 valuation as higher interest rates and home working crunch prices for office space. Reuters reported on Wednesday that the company, one of Australia's largest landlords, had signed a conditional deal last month to sell its Margaret Street building in Sydney's central business district, citing its annual report. The property industry glo...

-Australias corporate regulator said on Wednesday it had asked the countrys general insurers to improve their claims handling practices and resources after it found issues in multiple areas in a... -Yesterday at 08:27 pm- MarketScreener

Mining Engineering Online

Australian developer Lendlease Group on Monday posted a more than 134% fall in its annual loss, reflecting tough trading conditions and lower valuations for its properties coupled with impact from... -Today at 07:27 pm- MarketScreener

Australian developer Lendlease Group has paused work on an A$1.9 billion office and apartment complex in San Francisco in the troubled West Coast real estate market, it said on Monday,... -Yesterday at 07:45 pm- MarketScreener

(Reuters) - Australia's prudential regulator said on Wednesday Bendigo and Adelaide Bank no longer needs to keep an additional amount of cash reserve ...