Page 47 - Sameer Manekar News Today

By Reuters Staff 2 Min Read (Reuters) -Diversified Australian investor Seven Group on Tuesday raised its buyout offer for Boral to A$7.40 per share, its latest bid in a near two-month long battle to take full control of the building materials supplier. Seven Group sweetened the offer by 10 cents and called it the “best and final” price, valuing Boral at A$8.75 billion ($6.64 billion). The new offer, however, was swiftly rejected by Boral again, saying it undervalued the company. The latest ...

Deutsche Bank launches indexes to track 21 emerging market currencies The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/Files July 6, 2021 (Reuters) – German lender Deutsche Bank said on Tuesday it launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy. The set of four new non-tradable FX indexes would track EMs that have ...

By Syndicated Content Jul 1, 2021 | 9:57 PM (Reuters) – Westpac Banking Corp said on Friday that it started legal proceedings against Forum Finance after it discovered a potential fraud regarding equipment leases arranged by the financial services provider for the lender’s customers. Australia’s no. 2 bank has a potential exposure of around A$200 million ($149.22 million) after tax with the extent of loss depending on the outcome of an investigation into the alleged f...

Australian regulator may authorise media group talks with Google, Facebook Reuters 11 hrs ago July 1 (Reuters) - Australias competition watchdog said on Thursday it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate with Google and Facebook for payments for news content on their platforms. Country Press Australia (CPA) is seeking authorisation to allow its members to hammer out a payments deal with Google and Facebook for use of news c...

AGL to stop paying special dividend to preserve A$500 mln cash AGL expects investment grade credit ratings for both companies AGLs shares drop 10% June 30 (Reuters) - Australias AGL Energy (AGL.AX) said on Wednesday it expects to split into a bulk power generator and a carbon-neutral energy retailer by June 2022 and would stop paying special dividends to shore up the two companies balance sheets. Investors gave a thumbs down on the plan, sending AGLs shares 10% lower by the end of the day, foll...

Reuters 2 minute read A representation of the virtual cryptocurrency Ethereum is seen among representations of other cryptocurrencies in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration June 30 (Reuters) - Australias securities regulator said on Wednesday it would consult market participants on proposals to identify appropriate crypto assets and set up good market practices for financial instruments that expose them to digital currency-backed assets. The move comes...

By Reuters Staff 2 Min Read (Reuters) - Miner Australian Strategic Materials said on Monday it had secured a A$200 million ($151.68 million) loan to develop its flagship Dubbo rare earths project in New South Wales, as demand for critical and rare earth metals surged worldwide. The rare earths producer secured the funding from Export Finance Australia (EFA) for the construction of the project which will produce metals such as zirconium and niobium — considered crucial for the economy — and ...

ASX-listed Altium rejects US$3.9 billion buyout offer from US peer Autodesk Toggle share menu Advertisement 07 Jun 2021 11:30AM Share this content Bookmark REUTERS -Australia-listed software maker Altium Ltd on Monday rejected a buyout proposal from American peer Autodesk Inc that valued the company at AUS$5.05 billion (US$3.91 billion), saying it "significantly undervalued" its prospects. The U.S. firm, which makes architecture designing software AutoCAD, offere...

Article content Australia-listed software maker Altium on Monday rejected an “undervalued” buyout proposal from U.S. peer Autodesk Inc but kept the door open for a better offer, helping its shares trade at near six-month highs. The U.S. firm, which makes architecture designing software AutoCAD, offered Altium A$38.50 for each share, a 41.5% premium to its last closing price, valuing the company at A$5.05 billion ($3.91 billion). We apologize, but this video has failed to load. Try refreshin...

China Mobile eyes US$6 billion Shanghai listing after flagging NYSE exit Toggle share menu Advertisement China Mobile eyes US$6 billion Shanghai listing after flagging NYSE exit China Mobile has approved plans for a potential HKUS$47.08 billion (US$6.06 billion) listing in Shanghai, weeks after the telecom firm said it would be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to 2020. FILE PHOTO: A security ...