A Trio of ANZ Credit Traders Depart to Join Standard Chartered
Ming Wo, Duncan Robinson and Adam Hall, all based in Singapore, have left, the people said, declining to be identified discussing confidential information.
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CNBC
12 hours ago
- CNBC
Dollar steady before inflation report, U.S.-China tariff deadline
The U.S. dollar stabilized on Monday after last week's losses, as markets await Tuesday's key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs. The dollar index was flat at 98.25 after a 0.4% decline last week. Against the yen, the dollar was unchanged at 147.685 yen, with Japanese markets closed for the Mountain Day holiday. Trade talks were in focus as Trump's August 12 deadline for a deal between the U.S. and China loomed, particularly around chip policy. "The market has fully priced in the idea that we're going to get an extension," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne, adding that another 90-day truce was most likely. With the U.S. and China seeking to close a deal that would avoid imposing triple-digit tariffs on each other's goods, the Financial Times reported on Sunday that chip manufacturers Nvidia and AMD agreed to allocate 15% of their revenues from sales in China to the U.S. government under an arrangement to obtain export licences for the semiconductors. The report follows a warning that Nvidia's H20 chips pose security concerns for China, a social media account affiliated with the country's state media said on Sunday. "I don't know if that's going to be a good thing or a bad thing, but if it puts closure on the matter it's not a bad outcome," Weston said. "If this is Trump says 15% and we'll call it a day, that may not be too bad." The offshore yuan fluctuated between gains and losses after data on the weekend showed China's producer prices fell more than expected in July, while consumer prices were unchanged. The Australian dollar fetched $0.6515, down 0.2% in early trade ahead of a rate decision from the Reserve Bank of Australia on Tuesday, where the central bank is widely expected to cut interest rates by 25 basis points to 3.60% after inflation for the second quarter missed expectations and the jobless rate hit a 3-1/2-year high. The kiwi last traded at $0.59455, down 0.13%, while the British pound traded at $1.34405, down 0.1% so far on the day. In crypto markets, bitcoin rose 0.7% to $119,154, not far from its previous record, while ether was up 1.1% at $4,267, after reaching its highest since December 2021 on Sunday. Elsewhere, personnel moves at key U.S. monetary policy institutions were also in focus. U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organization" as the Fed's mission has included so many things outside of monetary policy and has put its independence at risk, Japan's Nikkei newspaper reported. The Trump administration was also interviewing candidates to lead the Bureau of Labor Statistics including E.J. Antoni, chief economist at the conservative Heritage Foundation, The Wall Street Journal reported on Sunday, citing a senior administration official.
Yahoo
15 hours ago
- Yahoo
ASX Penny Stocks To Watch With Market Caps Under A$2B
As Australian shares are poised for a modest rise, all eyes are on the Reserve Bank of Australia's upcoming decision amidst fluctuating economic indicators like core inflation and unemployment rates. For investors seeking opportunities beyond the mainstream, penny stocks—though an old-fashioned term—continue to hold relevance as they often represent smaller or newer companies with promising potential. These stocks can offer a blend of affordability and growth prospects, especially when backed by robust financials, making them an intriguing area to explore in today's market landscape. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.40 A$114.64M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.15 A$101.42M ★★★★★★ GTN (ASX:GTN) A$0.395 A$75.31M ★★★★★★ IVE Group (ASX:IGL) A$2.97 A$457.92M ★★★★★☆ West African Resources (ASX:WAF) A$2.67 A$3.04B ★★★★★★ Regal Partners (ASX:RPL) A$3.05 A$1.03B ★★★★★★ Austco Healthcare (ASX:AHC) A$0.375 A$137.06M ★★★★★★ Austin Engineering (ASX:ANG) A$0.305 A$189.26M ★★★★★☆ CTI Logistics (ASX:CLX) A$1.825 A$146.99M ★★★★☆☆ Reckon (ASX:RKN) A$0.645 A$73.08M ★★★★☆☆ Click here to see the full list of 457 stocks from our ASX Penny Stocks screener. Let's explore several standout options from the results in the screener. Falcon Metals Simply Wall St Financial Health Rating: ★★★★★★ Overview: Falcon Metals Limited focuses on the discovery, exploration, and development of mineral deposits in Australia with a market cap of A$111.86 million. Operations: Falcon Metals Limited has not reported any distinct revenue segments. Market Cap: A$111.86M Falcon Metals Limited, with a market cap of A$111.86 million, is pre-revenue and currently unprofitable. Despite this, the company maintains a debt-free status and has sufficient cash runway for 1.8 years if free cash flow continues to decrease at historical rates. Its short-term assets of A$10.4 million exceed both short-term liabilities (A$518.3K) and long-term liabilities (A$71.7K), indicating solid financial management in covering obligations without leveraging debt. However, investors should be aware of its high share price volatility over the past three months and increased weekly volatility from 21% to 34% over the past year. Navigate through the intricacies of Falcon Metals with our comprehensive balance sheet health report here. Explore historical data to track Falcon Metals' performance over time in our past results report. NRW Holdings Simply Wall St Financial Health Rating: ★★★★★☆ Overview: NRW Holdings Limited, with a market cap of A$1.54 billion, offers diversified contract services to the resources and infrastructure sectors in Australia through its subsidiaries. Operations: The company's revenue is generated from three main segments: Mining (A$1.56 billion), MET (A$853.22 million), and Civil (A$776.06 million). Market Cap: A$1.54B NRW Holdings Limited, with a market cap of A$1.54 billion, generates substantial revenue across its Mining (A$1.56 billion), MET (A$853.22 million), and Civil (A$776.06 million) segments, demonstrating robust operational capabilities in Australia's resources and infrastructure sectors. The company exhibits strong financial health, with short-term assets exceeding both short-term and long-term liabilities, and interest payments well-covered by EBIT at 7.5 times coverage. Despite an unstable dividend track record, earnings have grown significantly by 29.9% over the past year—surpassing industry growth—and are forecasted to continue expanding annually at 8%. Click here and access our complete financial health analysis report to understand the dynamics of NRW Holdings. Examine NRW Holdings' earnings growth report to understand how analysts expect it to perform. ReadyTech Holdings Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: ReadyTech Holdings Limited offers technology-based solutions in Australia and has a market cap of A$296.55 million. Operations: The company's revenue is derived from three main segments: Workforce Solutions (A$32.30 million), Government and Justice (A$43.21 million), and Education and Work Pathways (A$41.90 million). Market Cap: A$296.55M ReadyTech Holdings Limited, with a market cap of A$296.55 million, derives revenue from Workforce Solutions (A$32.30 million), Government and Justice (A$43.21 million), and Education and Work Pathways (A$41.90 million). Despite being unprofitable with a negative Return on Equity (-11.19%), the company has reduced its debt to equity ratio significantly over five years to 30.5%. Debt is well covered by operating cash flow at 66.7%, though short-term assets fall short of covering both short-term and long-term liabilities. Analysts anticipate earnings growth of 50.81% annually, suggesting potential future improvement in financial performance. Get an in-depth perspective on ReadyTech Holdings' performance by reading our balance sheet health report here. Evaluate ReadyTech Holdings' prospects by accessing our earnings growth report. Turning Ideas Into Actions Click here to access our complete index of 457 ASX Penny Stocks. Searching for a Fresh Perspective? The end of cancer? These 26 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:FAL ASX:NWH and ASX:RDY. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19 hours ago
- Business Wire
Ideagen Announces Acquisition of WorkSafe Guardian to Expand EHS Solutions and Protect Lone Workers
NOTTINGHAM, England--(BUSINESS WIRE)-- Ideagen, a global leader in health, safety and risk management software, has announced the acquisition of WorkSafe Guardian (WSG), an Australian-based provider of lone-worker safety solutions. The addition of WorkSafe Guardian to our portfolio demonstrates our commitment to investing in powerful safety solutions that help businesses protect their staff and operations and address a growing segment of worker safety concern. Share The move enhances Ideagen's portfolio of environmental, health, safety and quality (EHSQ) solutions while reinforcing its presence in the Asia-Pacific region. Speaking about the acquisition, Ideagen CEO, Ben Dorks, said: 'Lone workers are often the most vulnerable of any workforce, either because they are going into unpredictable environments or because it's difficult to alert help if they get into difficulty. 'Organizations have a duty to protect their people, but this is a challenge when the nature of their work takes them into situations they can't control. For industries like health and social care, agriculture or construction, this is a daily occurrence. 'The addition of WorkSafe Guardian to our portfolio demonstrates our commitment to investing in powerful safety solutions that help businesses protect their staff and operations and address a growing segment of worker safety concern.' With more than 15% of the global workforce estimated to be classified as a lone worker (source: National Safety Council), the need for innovative safety systems to protect this workforce has never been greater. Greg Lindner, Co-founder and Director of WorkSafe Guardian, said: 'Joining Ideagen represents an important milestone for WorkSafe Guardian. It provides us with an incredible opportunity to bring our innovative solutions to a much broader global audience, while also enabling us to offer our customers an expanded portfolio of tools and resources to address their compliance needs. 'We're excited to combine our expertise with Ideagen's global network and industry-leading solutions, ensuring we continue to deliver exceptional value and support to our clients.' WorkSafe Guardian advanced lone-worker safety solution offers an app-based service that provides 24/7 monitoring, real-time emergency response and reporting features. By combining their industry expertise with Ideagen's global reach and innovative EHS platform, this acquisition will streamline safety management processes and reduce risks for businesses. The acquisition aligns with Ideagen's broader mission to empower organizations with cutting-edge software to enhance operational excellence and drive compliance in risk-heavy environments. From healthcare professionals working alone on home visits to field workers in utilities and construction, the Ideagen WorkSafe Guardian suite will deliver integrated tools designed to safeguard team members wherever their responsibilities take them. This is Ideagen's fifth acquisition of 2025 and underscores Ideagen's commitment to building a robust suite of solutions existing within its Asia-Pacific footprint, which already includes Beakon (acquired earlier in 2025), Ideagen Damstra (January 2024), Ideagen Plant Assessor (January 2024), Ideagen OpCentral (November 2023), Ideagen Lucidity (October 2023), Ideagen OnePlace Solutions (May 2023) and Ideagen CompliSpace (December 2021). About Ideagen Ideagen is a trusted leader in governance, risk and compliance software, supporting organizations globally with solutions that enhance operational performance, address regulatory requirements and mitigate risk. Serving industries including healthcare, manufacturing, energy and financial services, Ideagen's products empower businesses to operate with confidence in an unpredictable world. Learn more at
