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  • Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook

    Aviva Hits Seven-Month High On New Buyback, Raised Dividend Outlook0

    The U.K. asset manager and insurer said it is confident of its ability to continue generating surplus cash and expects to pay out around £915M (£1 = $1.1848) this year and will aim for “low to mid-single-digit growth” in the dividend thereafter. “We are making excellent progress at Aviva,” chief executive Amanda Blanc said in

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  • Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump

    Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump0

    Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower bid it said undervalued the funeral services provider. Shares of InvoCare rose to A$12.36 by 0424 GMT, outperforming the broader

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  • Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged

    Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged0

    Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if

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  • Australia wins U.S. Support For Critical Minerals Industry

    Australia wins U.S. Support For Critical Minerals Industry0

    Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for electric cars

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  • Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation

    Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation0

    The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one week, after hitting a five-month

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  • ATF price hiked by 8.5%; touches all-time high

    ATF price hiked by 8.5%; touches all-time high0

    Jet fuel price on Tuesday rose to record levels across the country following a steep 8.5 per cent hike necessitated due to a spike in international oil prices. While the jet fuel or Aviation Turbine Fuel (ATF) price has been hiked for the third time in a month, petrol and diesel prices remained unchanged for

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