Page 48 - Sameer Manekar News Today

Message : Required fields (Reuters) - China Mobile has approved plans for a potential HK$47.08 billion ($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. The mainlands largest wireless carrier said on Monday it plans to sell no more than 964.8 million shares, or 4.5% of its total issued shares, publicly on the Shanghai Stock Exchange at an undisclosed price. Shar...

By Reuters Staff 1 Min Read May 10 (Reuters) - Australia’s Seven Group Holdings made an off-market takeover offer for Boral on Monday that values the building materials supplier at A$7.91 billion ($6.23 billion). Seven Group, which holds about a 23% stake in Boral through its unit Network Investment Holdings, will make an offer priced at A$6.50 per share for the remaining shares in Boral, it said. $1 = 1.2700 Australian dollars Reporting by Sameer Manekar in Bengaluru; Editing by Amy Caren Da...

By Reuters Staff 2 Min Read May 6 (Reuters) - Australian shares were flat on Thursday, as losses in banks and technology stocks offset advances made by heavyweight miners on the back of higher commodity prices. The S&P/ASX 200 index was flat at 7,091.50 as of 0030 GMT, after advancing about 0.2% earlier in the day. It ended at a 14-month high of 7,095.8 on Wednesday. Heavyweight miners rose 2.2% to their highest in nearly 13 years, after copper hit a fresh 10-year high overnight on signs of rec...

* Hikes interim dividend, considers more payouts * Australian banks recovering rapidly from COVID slump (Recasts, adds analyst reaction) SYDNEY, May 5 (Reuters) - Australia and New Zealand Banking Group on Wednesday said it would explore returning capital to shareholders as its first-half profit more than doubled, boosted by money it had set aside but no longer needed to cover potential COVID-19 losses. Australian banks are recovering from the pandemic earlier than their global peers, as the co...

* Hikes interim dividend, considers more payouts * Sets target to bring down annual costs to A$8 bln by 2023 * Australian banks recovering rapidly from COVID slump (Adds CEO’s quote, cost reduction goal, share move) SYDNEY, May 5 (Reuters) - Australia and New Zealand Banking Group (ANZ) said it would consider returning capital to shareholders as its first-half profit more than doubled, boosted by the release of funds it had set aside previously to cover potential COVID-19 losses. Australian b...

AUSTRALIA-MEDIA/GOOGLE-SEVEN WEST MEDIA (UPDATE 1,PIX):UPDATE 1-Australia's Seven West Media signs Google, Facebook deals after media law feud

By Byron Kaye SYDNEY (Reuters) - Australian television and newspaper firm Seven West Media Ltd signed multi-year content deals with Facebook Inc and Google as tough new media laws enabled the industry to secure new revenue sources and adapt to the internet age. The top-rating free-to-air broadcaster and publisher of Perth citys main metro daily said on Monday it would supply content for the Alphabet Inc units News Showcase platform for five years and to a similar Facebook product for three. ...

By Reuters Staff 2 Min Read May 3 (Reuters) - Australian shares rose on Monday, boosted by gains in the country’s second-biggest lender Westpac Banking Corp after upbeat earnings, but gains were capped by losses in miners and energy companies on weak commodity prices. The S&P/ASX 200 index was up 0.5% at 7,059.5 as at 0034 GMT. The top percentage gainers on the were Charter Hall Group, up 1.14%, followed by Ampol Ltd, gaining 1.06% and Blackmores Ltd, rising 1.06%. Financial stocks were the b...

Article content Australia’s Seven West Media Ltd said on Monday it finalized its licensing deal with Alphabet Inc’s Google and signed a long-term agreement with social media giant Facebook to provide content to the tech companies. The signing of agreements comes after Seven West announced letters of intent in February with the tech companies to provide them news content even as the government pushed for a law that would force the internet giants to pay media companies for content. We apolog...

NZ’s Infratil to buy stake in radiology firm for $254 million By Syndicated Content Apr 28, 2021 | 4:01 PM (Reuters) – Infratil Ltd executed an agreement to buy a stake in New Zealand-based radiology provider Pacific Radiology Group for up to NZ$350 million ($254.21 million), the energy and transport infrastructure investor said on Thursday. Infratil will buy between 50.1% and 60% of Pacific Radiology, in a move that marks its shift toward the healthcare sector after it an...