Treasury Wine shares jump on US supply chain overhaul
Treasury Wine Estates stock rallied after the company outlined an overhaul of its US supply arrangements, which investors read as easing concerns about excess inventory.
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Treasury Wine Estates stock rallied after the company outlined an overhaul of its US supply arrangements, which investors read as easing concerns about excess inventory.
Sony and TSMC will jointly invest about $6.3 billion to manufacture image sensors, according to a Nikkei report, deepening a partnership between the world's largest image sensor supplier and the largest contract chipmaker.
Commentary following SK Hynix and Samsung earnings has drawn attention to what their disclosures imply for Micron, whose shares recently bounced about 10% off their lows.
The cloud communications company posted record revenue of $1.5 billion and lifted its full-year growth guidance to 18%, sending the stock up 25% in a single session.
Japanese and Korean stocks recovered while oil prices rose as traders weighed uncertainty around shipping through the Strait of Hormuz.
Shares in Japan's Recruit Holdings surged to their daily trading limit after the company raised its earnings guidance, helping lift Tokyo stocks.
The benchmark index edged lower, led by financials, as investors positioned ahead of the Reserve Bank of Australia's rate decision.
The infrastructure investor struck a deal for the Australian out-of-home advertising group, valuing it at about $634 million.
Crude prices rose on continued disruption at the Strait of Hormuz and Houthi attacks on shipping, while U.S. equity futures held near flat as hopes for a quick reopening faded.
Japan recorded its first current account deficit in nearly a year and a half, while BOJ minutes showed policymakers discussed a faster pace of rate hikes and executives pressed for currency stability.
Chinese consumer price growth slowed in July while producer prices fell at a shallower pace, leaving the economy still short of durable pricing power.
Australian online classifieds operator CAR Group rose after issuing a positive outlook for the second half of its 2026 financial year.
Asian stock markets posted modest gains while crude prices moved up amid unclear conditions in the Gulf.
Fast-fashion group Shein has found its experiment with Vietnamese warehousing fell short of expectations, reinforcing its reliance on Chinese logistics and manufacturing.
Produce supplier Taylor Farms has recalled salsa and guacamole products because of potential salmonella contamination.
Imricor reported negligible first-half revenue but said it had secured additional FDA clearances as it starts selling its MRI-guided cardiac ablation products in the United States.
New Zealand generator-retailer Contact Energy reported a 31% increase in EBITDAF for the year, crediting its shift toward renewable generation.
Westpac reported a 20% decline in mortgage applications following changes to Australia's tax settings, an early signal of cooling demand in the housing credit market.
Infrastructure investor I Squared Capital has prevailed in a contest for Australian out-of-home advertising group oOh!media, agreeing a deal valued at about $735 million.
Building products distributor QXO declined by over 20% during July, with the drop following the completion of a large acquisition and a rise in interest rates and oil prices.