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West Australian
13-05-2025
- Business
- West Australian
ASX rallies to 11-week high on a temporary tariff pause
A trade deal between the US and China led to a rally on the ASX, with energy and information technology stocks leading the way. The benchmark ASX 200 index gained 35.50 points or 0.43 per cent to 8,269, with six of the 11 sectors finishing in the green. The broader All Ordinaries also jumped 43.70 points or 0.52 per cent to 8,510.70. The Australian dollar jumped 0.71 per cent and is now buying 64.16 US cents. Australia's sharemarket jumped after US President Donald Trump announced the White House was cutting tariffs to 30 per cent and China's tariffs will be reduced to 10 per cent for the next 90 days. Businesses directly linked to the US or China were among the major winners during Tuesday's trading. Payment providers Block shares soared 5.86 per cent to 84.90 while Zip also jumped 8.77 per cent to $198, on the back of the trade pause which is predicted to boost US consumer activity. Corporate Travel Management, which previously flagged pressures on its US business also soared 9.94 per cent to $13.27 as did fellow travel business Flight Centre also finished higher up 5.21 per cent to $13.74. Kitchen appliance maker Breville Group initially soared following the trade announcement before settling up 7.76 per cent to $32.77 on trade boost. The major miners also jumped, with BHP finishing up 2.11 per cent to $39.21, climbing 2.13 per cent to $119.85 and Fortescue Metals leading the way up 2.66 per cent to $16.60. Capital. Com senior financial market analyst Kyle Rodda said the Australian market followed a strong bounce in US markets. 'There was some strength in energy and tech stocks matching the rally we saw on Nasdaq overnight and overall a much more buoyant market sentiment,' he said. 'There was some confidence in the outlook that although there might be a hit to global growth, perhaps it will be little more than a short, shallow downturn and investors can look beyond that and go back into equities.' Mr Rodda said the market was jumping on cyclicals which could be the winners from the trade announcements. 'Energy is a really clear example just because of how much oil prices moved and how much downside there was for oil if tariffs remained in place and global trade slowed considerably,' he said. The 'risk on' market rally had an impact on some of the more defensive parts of the market with consumer staples, telcos and utilities underperforming. The two major supermarket chains were among the most heavily sold off with Woolworths shedding 3.7 per cent to $31.56 and Coles slumping 3.4 per cent to $21.52. It was also a mixed day for Australia's big four banks, with the index overall underperforming, although still closed in the green, rising 0.1 per cent. On a positive note, Westpac gained 1.8 per cent to $31.64 and ANZ added 0.5 per cent to $28.51 while CBA dipped 0.6 per cent to $166.14 and NAB fell 0.2 per cent to $35.61. Pharmaceutical stocks also rebounded from a steep sell-off in recent weeks, on the back of Mr Trump signing an executive order to slash the price of prescription drugs in the US. This is thought to have an impact on prices other countries will pay for their medicines including Australia. Clarity Pharmaceuticals soared 15.3 per cent to $2.57, while Telix Pharmaceuticals were up 3.64 per cent to $25.36. In corporate news PolyNovo was among the top gainers surging 14.3 per cent to $1.67 after announcing a successful human trial on its BTM device used to treat and manage type-1 diabetes.
Yahoo
13-05-2025
- Business
- Yahoo
ASX jumps on latest Trump move
A trade deal between the US and China led to a rally on the ASX, with energy and information technology stocks leading the way. The benchmark ASX 200 index gained 35.50 points or 0.43 per cent to 8,269, with six of the 11 sectors finishing in the green. The broader All Ordinaries also jumped 43.70 points or 0.52 per cent to 8,510.70. The Australian dollar jumped 0.71 per cent and is now buying 64.16 US cents. Australia's sharemarket jumped after US President Donald Trump announced the White House was cutting tariffs to 30 per cent and China's tariffs will be reduced to 10 per cent for the next 90 days. Businesses directly linked to the US or China were among the major winners during Tuesday's trading. Payment providers Block shares soared 5.86 per cent to 84.90 while Zip also jumped 8.77 per cent to $198, on the back of the trade pause which is predicted to boost US consumer activity. Corporate Travel Management, which previously flagged pressures on its US business also soared 9.94 per cent to $13.27 as did fellow travel business Flight Centre also finished higher up 5.21 per cent to $13.74. Kitchen appliance maker Breville Group initially soared following the trade announcement before settling up 7.76 per cent to $32.77 on trade boost. The major miners also jumped, with BHP finishing up 2.11 per cent to $39.21, climbing 2.13 per cent to $119.85 and Fortescue Metals leading the way up 2.66 per cent to $16.60. Capital. Com senior financial market analyst Kyle Rodda said the Australian market followed a strong bounce in US markets. 'There was some strength in energy and tech stocks matching the rally we saw on Nasdaq overnight and overall a much more buoyant market sentiment,' he said. 'There was some confidence in the outlook that although there might be a hit to global growth, perhaps it will be little more than a short, shallow downturn and investors can look beyond that and go back into equities.' Mr Rodda said the market was jumping on cyclicals which could be the winners from the trade announcements. 'Energy is a really clear example just because of how much oil prices moved and how much downside there was for oil if tariffs remained in place and global trade slowed considerably,' he said. The 'risk on' market rally had an impact on some of the more defensive parts of the market with consumer staples, telcos and utilities underperforming. The two major supermarket chains were among the most heavily sold off with Woolworths shedding 3.7 per cent to $31.56 and Coles slumping 3.4 per cent to $21.52. It was also a mixed day for Australia's big four banks, with the index overall underperforming, although still closed in the green, rising 0.1 per cent. On a positive note, Westpac gained 1.8 per cent to $31.64 and ANZ added 0.5 per cent to $28.51 while CBA dipped 0.6 per cent to $166.14 and NAB fell 0.2 per cent to $35.61. Pharmaceutical stocks also rebounded from a steep sell-off in recent weeks, on the back of Mr Trump signing an executive order to slash the price of prescription drugs in the US. This is thought to have an impact on prices other countries will pay for their medicines including Australia. Clarity Pharmaceuticals soared 15.3 per cent to $2.57, while Telix Pharmaceuticals were up 3.64 per cent to $25.36. In corporate news PolyNovo was among the top gainers surging 14.3 per cent to $1.67 after announcing a successful human trial on its BTM device used to treat and manage type-1 diabetes. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
WNS Wins Five 2025 AI Excellence Awards
NEW YORK & LONDON & MUMBAI, India, March 27, 2025--(BUSINESS WIRE)--WNS (Holdings) Limited (NYSE: WNS), a digital-led business transformation and services company, today announced that it has won five awards at the 2025 Artificial Intelligence Excellence Awards presented by Business Intelligence Group. WNS received these awards, which recognize companies committed to innovation and advancing artificial intelligence (AI), at both the product and organizational levels as follows: Hospitality (Product): WNS Corporate Travel Management, an industry-first modular platform powered by Gen AI that empower organizations to streamline operations, improve customer experience, and drive business outcomes. Augmented Intelligence (Product): SKENSE Research Genie, an AI-powered, multi-agent research assistant that generates research reports, helping insurance underwriters assess risk more efficiently. Knowledge Management (Product): KnowRA+, a Gen AI-powered tool that enables service agents to eliminate delays, predict needs, and deliver seamless interactions. Automated Planning and Scheduling (Product): WNS Malkom, an AI-powered shipping automation platform that streamlines logistics by seamlessly integrating with client systems to eliminate manual tasks, optimize workflows, and deliver superior business outcomes. WNS Malkom leverages advanced AI technologies including RPA, IDP, and Generative AI. WNS Analytics (Organizational, Machine Learning): WNS Analytics enables business decision intelligence for more than 250 global companies through industry-specific productized services that combine Artificial Intelligence and Human Intelligence (AI+HI). "We are excited to be recognized with five awards from Business Intelligence Group at their 2025 AI Excellence Awards. WNS remains committed to harnessing the transformative potential of artificial intelligence across diverse domains and industries to drive meaningful insights and business outcomes for our clients. These awards highlight our efforts to effectively integrate technology, including AI and GenAI, into everything we do," said Keshav R. Murugesh, Group CEO, WNS. "The AI industry is evolving rapidly, and it is through the efforts of companies like WNS that we see real-world applications driving change," said Russ Fordyce, CEO, Business Intelligence Group. "Their work exemplifies the kind of innovation and leadership that is shaping the future of artificial intelligence." The Artificial Intelligence Excellence Awards celebrate the most innovative companies, technologies, and professionals who are leading the way in AI innovation. Winners are selected by a panel of industry experts who evaluate nominees based on their creativity, impact, and measurable success in AI-driven solutions. About Business Intelligence Group The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization's proprietary and unique scoring system selectively measures performance across multiple business domains and rewards those companies whose achievements stand above those of their peers. For more information, visit About WNS WNS (Holdings) Limited (NYSE: WNS) is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of December 31, 2024, WNS had 63,390 professionals across 66 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States. For more information, visit or follow us on Facebook, Twitter, LinkedIn, and Instagram. Safe Harbor Provision This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on Contacts WNS CONTACT:Investors: David Mackey EVP – Finance & Head of Investor RelationsWNS (Holdings) Limited+1 (646) Media: Archana Raghuram EVP & Global Head – Marketing & CommunicationsWNS (Holdings) Limited+91 (22) 4095 pr@ BUSINESS INTELLIGENCE GROUP CONTACT:Eliana StarbirdChief Nominations OfficerBusiness Intelligence Group+1 (909) 529-2737contact@ Sign in to access your portfolio
Tourism Breaking News
24-03-2025
- Business
- Tourism Breaking News
Satguru Travel and Tourism wins ‘Fastest Growing Travel Management Company – Bahrain'
Post Views: 58 Satguru Travel and Tourism won the title of 'Fastest Growing Travel Management Company – Bahrain' at the seventh edition of the Arabian Travel Awards 2024. 'Winning the Fastest Growing Travel Management Company 2024 award is a proud milestone for Satguru Travel. It boosts our credibility, showcases our dedication to excellence, and enhances marketing efforts to attract new clients. The award also opens doors to networking opportunities, fostering collaborations for further growth. As this is our first time receiving this prestigious award, it has greatly enhanced our credibility and visibility in the market. This recognition validates our commitment to excellence and inspires our team to continue setting benchmarks for innovation and customer satisfaction in the travel industry.' – Jacob Mathew, Head of Bahrain Branch, Satguru Travel & Tourism WLL – Bahrain
