Master of the market comes in from the cold
Betr wants to buy Pointsbet for itself. The brainchild of the bookmaker is the country's most famous bookmaker (and Melbourne Storm chairman) Matthew Tripp. And by swallowing up the ASX-listed Blue Bet last year, Betr became a public company.
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Perth Now
an hour ago
- Perth Now
Japan eyes 'economic zone' to link Indian Ocean, Africa
Japanese Prime Minister Shigeru Ishiba has proposed an economic zone connecting the Indian Ocean to Africa as his country seeks to play a greater role on the African continent while the US presence there decreases and China's influence rapidly grows. Ishiba, kicking off the Tokyo International Conference on African Development (TICAD), pledged to strengthen business and investment in the region and promote free trade by connecting the Indian Ocean region to the African continent. "Japan believes in Africa's future," Ishiba said. "Japan backs the concept of African Continental Free Trade Area," which aims to bolster the region's competitiveness. This year's summit comes as US President Donald Trump's tariff war and drastic cuts in foreign-aid programs have negatively affected development projects in Africa. Meanwhile, China has been expanding its foothold in the area since 2000 through infrastructure building and loan projects. At last, #TICAD9 kicks off tomorrow!We are sharing Foreign Minister IWAYA's message, towards the 9th Tokyo International Conference on African Development (#TICAD), taking place in Yokohama, to connect the future of Japan and are below👇 MOFA of Japan (@MofaJapan_en) August 19, 2025 The three-day summit in Yokohama, near Tokyo, is focusing on the economy as well as peace and stability, health, climate change and education. Leaders and representatives from about 50 countries from the African continent, as well as officials from international organisations, are attending. Japan launched TICAD in 1993. It was last held in Tunisia in 2022. "Africa must have a stronger voice in shaping the decisions that affect its future," United Nation's Secretary-General António Guterres said at the event, adding that African countries are underrepresented in the international community and its decision-making process. Under the Indian Ocean Africa economic zone initiative, Japan aims to bring investment into Africa from Japanese companies operating in India and the Middle East. Ishiba said Japan will extend loans of up to $US5.5 billion ($A8.6 billion) in co-ordination with the African Development Bank to promote Africa's sustainable development to address their debt problems. He also said Japan aims to provide support to train 30,000 artificial intelligence experts over the next three years to promote digitalisation and create jobs. Guterres said "unjust and unfair international financial architecture" must enhance African representation and endorse a strong African voice in the decision-making process, adding that building AI capacity in developing countries in Africa would help ease a digital divide in the region. Those present at the summit are expected to adopt a "Yokohama declaration" on Friday and Ishiba will announce the outcome at a news conference.
The Age
8 hours ago
- The Age
ASX finishes higher as banks, retailers rise; James Hardie shares plummet
Welcome to your five-minute recap of the trading day. The numbers The Australian sharemarket finished higher on Wednesday after a flurry of company earnings results as gains by the big four banks and the nation's retailers more than offset a plunge by building materials maker James Hardie and losses by energy stocks and CSL. The S&P/ASX 200 closed up 21.80 points, or 0.3 per cent, to 8918, having shrugged off early wobbles by lunchtime. Seven of its 11 industry sectors advanced, with the banks, consumer discretionary stocks and real estate investment trusts leading the gains. The index had lost 0.7 per cent on Tuesday, its steepest drop since August 1. The Australian dollar slipped 0.1 per cent to US64.45¢. The lifters The big four banks all posted solid gains. Commonwealth Bank, the nation's biggest and the biggest stock on the ASX, rose 0.8 per cent. Westpac added 2.5 per cent, NAB climbed 3.7 per cent and ANZ was up 2 per cent. Financial stocks make up almost a third of the entire ASX, meaning their performance has a major influence on the market overall. Loading Consumer discretionary stocks also advanced. Wesfarmers, owner of Kmart and Officeworks, rose 2.6 per cent, electronics retailer JB Hi-Fi was up 2 per cent and furnishing chain Harvey Norman added 1.2 per cent. The Lottery Corp jumped 7 per cent after revealing $749.3 million in operating full-year earnings, down 9.4 per cent from its record jackpot year in 2024.
AU Financial Review
9 hours ago
- AU Financial Review
Louis Vuitton and its luxe peers head to Sydney's North Shore
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.
