Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 13, 2023 12:47 am ET|WSJ Pro SYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure. Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems … Read more

Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. “Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial … Read more

ANZ’s Profit Flat, Increases Dividend

Updated Nov. 12, 2023 5:45 pm ET SYDNEY—ANZ Group Holdings said its annual net profit was flat on a year earlier, but the bank increased its dividend even as higher interest rates impact economic activity. The Australian major lender reported a statutory profit of 7.1 billion Australian dollars (US$4.51 billion) for the 12 months through … Read more

Basic Materials Roundup: Market Talk

Updated Nov. 10, 2023 5:23 pm ET The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1405 ET – Wheaton Precious Metals missed on adjusted earnings, but only due to timing of sales. National Bank of Canada’s Shane Nagle says in a report … Read more

EQT Plans to Take Japan’s Benesse Private in Over $1 Billion Deal

Swedish investment company EQT plans to take Japanese education services provider Benesse Holdings private in a deal valued at more than $1 billion, by teaming up with the company’s founding family. EQT said Friday that one of its funds would spend 207.95 billion ($1.37 billion) to buy Benesse shares through an tender offer as part … Read more

Tech, Media & Telecom Roundup: Market Talk

Updated Nov. 8, 2023 4:52 pm ET The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1622 ET – Disney is cutting costs faster than it expected. CEO Bob Iger hinted with third-quarter earnings three months ago that the company was … Read more

E.ON Raises Investment Target But Expects Price Reductions to Hit Earnings

E.ON raised its investment target for the full year but said it expects fourth-quarter earnings to suffer the impact of price reductions for electricity and gas customers. The German energy company said Wednesday that it plans to invest a total of 6.1 billion euros ($6.53 billion) from previously EUR5.8 billion. From 2023 to 2027, investments … Read more

Tech, Media & Telecom Roundup: Market Talk

Updated Nov. 7, 2023 4:58 pm ET The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1637 ET – GXO Logistics reports revenue up 8% year in 3Q to $2.5 billion as more companies outsource their distribution operations to third-party logistics … Read more

Health Care Roundup: Market Talk

Updated Nov. 7, 2023 12:32 pm ET The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 1144 ET – Hims & Hers Health’s weight management business will be launched in time for the January rush when people often set new year’s … Read more

China’s Exports Tumble Again in Fresh Sign of Economic Trouble

Updated Nov. 7, 2023 3:38 am ET SINGAPORE—China’s exports fell for the sixth straight month, adding to pressure on Beijing to boost spending at home as a big rise in global interest rates and wars in Ukraine and the Middle East weigh on the world economy. The figures add to signs the Chinese economy is … Read more