Victoria has secured hosting rights for three of the next four Australian Open golf championships, including the 2027 event at Peninsula Kingswood Country Golf Club. South Australia will host the 2028 tournament, while New South Wales has been overlooked despite its long history with the championship. World No.2 Rory McIlroy is also set to return for this year's Australian Open at Kingston Heath.
Key Highlights Midday Monday, information technology stocks rose close to 1%. Xero gained 2% and Life360 soared 7%. Energy fell more than 2% as jitters around supply shutdowns subsided. Woodside Energy was down 3%, and Santos fell 2%. Investors weighed…
Australia's Fair Work Commission has rejected Inpex's application to halt industrial action at its Ichthys LNG project. The strike involving around 400 workers will continue until June 23 and includes a ban on cargo loading. The tribunal found no evidence that the action would significantly harm the economy or trigger blackouts, while unions continue to push for better pay, career progression and job security.
The oOh!media takeover battle has intensified after revised proposals lifted the company's valuation to approximately A$845 million. Four bidders remain in contention as the outdoor advertising group reviews offers against a backdrop of higher earnings and growing investment interest in digital advertising assets.
Australia has welcomed the reported peace agreement between the United States and Iran, describing the reopening of the Strait of Hormuz as a positive step for global trade and energy markets. Prime Minister Anthony Albanese and Foreign Minister Penny Wong said restoring freedom of navigation would help ease pressure on energy prices, while stressing that further work is needed to achieve a lasting peace.
ASX has agreed to a proposed $20.5 million penalty after admitting it misled the market about its CHESS replacement project. The settlement with ASIC includes legal costs and follows years of scrutiny over a failed technology upgrade that resulted in major write-downs and governance concerns.
Australian shares are set to open higher after Donald Trump said a US-Iran deal was complete, boosting investor confidence. ASX futures gained 39 points following strong performances on Wall Street and European markets. Falling oil prices and plans to reopen the Strait of Hormuz are also drawing attention as investors assess the impact on the ASX 200 and Australian energy stocks.
Qualitas Ltd has entered the European market through the acquisition of a UK-based loan management business. The deal provides the Australian private credit manager with a local platform, expanded lending capabilities and access to commercial real estate financing opportunities in one of Europe's largest credit markets.
Woodside Energy shares declined after the company moved to acquire PetroChina's 10.67% stake in the Browse Joint Venture, a transaction worth up to US$400 million. The move blocks Japanese energy giant Inpex from entering the project and could increase Woodside's ownership stake from 30.6% to 41.27%. Browse is Australia's largest undeveloped conventional gas resource and is expected to support future supply for the North West Shelf. While the acquisition strengthens Woodside's strategic position, investors remain cautious as the project still requires regulatory approvals, significant investment and a final development decision.
Key Highlights Midday Monday, information technology stocks rose close to 1%. Xero gained 2% and Life360 soared 7%. Energy fell more than 2% as jitters around supply shutdowns subsided. Woodside Energy was down 3%, and Santos fell 2%. Investors weighed…
Australia's Fair Work Commission has rejected Inpex's application to halt industrial action at its Ichthys LNG project. The strike involving around 400 workers will continue until June 23 and includes a ban on cargo loading. The tribunal found no evidence that the action would significantly harm the economy or trigger blackouts, while unions continue to push for better pay, career progression and job security.
The oOh!media takeover battle has intensified after revised proposals lifted the company's valuation to approximately A$845 million. Four bidders remain in contention as the outdoor advertising group reviews offers against a backdrop of higher earnings and growing investment interest in digital advertising assets.
