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Top related persons:
Francis Mascarenhas - 1 Nifty - 1 Sohini Goswami - 1 David Gray - 1 Joe Longo - 1 Helen Lofthouse - 1 Himanshi - 1 Chris Reese - 1
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Search resuls for: "Australian bourse"


7 mentions found


☆ Indian shares set for muted opening; TCS, Cipla in focus
  + stars: | 2023-11-20 | by ( Sethuraman N R | ) www.reuters.com   time to read: +2 min
The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.
Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru
☆ Australian bourse operator partners with TCS for long due trading software overhaul
  + stars: | 2023-11-19 | by ( Himanshi Akhand | ) www.reuters.com   time to read: +3 min
A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsNov 20 (Reuters) - Australian bourse operator ASX Ltd (ASX.AX) said on Monday it entered a deal with TATA Consultancy Services (TCS) <TCS.NS> to design and replace its trading, clearing and settlement system, after months of backlash since pulling a blockchain-based overhaul of the system last year. The estimated cost for the first release of the Clearing House Electronic Subregister System (CHESS) project is between A$105 million ($68.33 million) and A$125 million, to be incurred over multiple years, ASX said. ASX's initial attempt to overhaul CHESS earned rebuke from the Australian Securities and Investments Commission (ASIC) and Reserve Bank of Australia, with the regulators demanding more thorough reporting on plans to update the 30-year-old software. ($1 = 1.5366 Australian dollars)Reporting by Himanshi Akhand in Bengaluru Editing by Chris Reese and Diane CraftOur Standards: The Thomson Reuters Trust Principles.
Persons: David Gray, Joe Longo, Helen Lofthouse, Himanshi, Chris Reese, Diane Craft Organizations: Australian Securities Exchange, REUTERS, TATA Consultancy Services, Australian Securities and Investments Commission, Reserve Bank of Australia, Accenture, TCS, Thomson Locations: Sydney, Australia, Australian, Bengaluru
☆ Bourse operator ASX on track for worst day in 11 years on higher cost outlook
  + stars: | 2023-06-06 | by ( Navya Mittal | ) www.reuters.com   time to read: +1 min
June 6 (Reuters) - ASX Ltd (ASX.AX) lifted its capital expenditure outlook for fiscal 2024 on Tuesday, sending shares of the Australian bourse operator on track for their worst day since August 2012, if losses hold. Shares of ASX slipped as much as 10.1% to A$60.74, hitting their lowest since Jan. 16, 2019. The operator forecast its capital expenditure to come in between A$110 million ($72.74 million) and A$140 million for fiscal 2024, and revised its fiscal 2023 expense growth outlook to 12% - the top-end of its previous view. ASX has earmarked higher expenses to replace its Clearing House Electronic Subregister System (CHESS) software, for which the stock exchange operator submitted a report on Monday. ($1 = 1.5122 Australian dollars)Reporting by Navya Mittal in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Navya Mittal, Sherry Jacob, Phillips Organizations: Australian bourse, Citi, Thomson Locations: Bengaluru
☆ Bourse operator ASX flags $172 mln hit from clearing software replacement halt
  + stars: | 2022-11-16 | by ( Simon Jessop | ) www.reuters.com   time to read: +1 min
Nov 17 (Reuters) - Australian bourse operator ASX Ltd (ASX.AX) said on Thursday it would take a pretax charge of up to A$255 million ($172 million) in the first half, as it derecognises the software being developed to replace its ageing clearing and settlement system. The replacement has been halted following a review of the project and independent findings that led ASX to conclude there were "significant technology, governance, and delivery" challenges. The software was intended to replace ASX's Clearing House Electronic Subregister System (CHESS) to improve functionality and efficiency, and adopt global standards, the bourse says on its website. All current activities on the replacement project have been paused as ASX revisits the solution design, the bourse said. It also appointed Tim Whiteley, a technology transformation executive, as the new project director for the next phase of the replacement project.
☆ Bourse operator ASX flags $172 mln hit on halting clearing software replacement
  + stars: | 2022-11-16 | by ( Simon Jessop | ) www.reuters.com   time to read: 1 min
Nov 17 (Reuters) - Australian bourse operator ASX Ltd (ASX.AX) said on Thursday it would take a pretax charge of between A$245 million and A$255 million ($165 million-$172 million) in the first half as it derecognises the software aimed to develop to replace its ageing clearing and settlement system. ($1 = 1.4841 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
☆ Australia's Star says regulator-named manager to run Sydney casino
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +2 min
SummarySummary Companies Star's Sydney casino license to be suspended on Oct. 21Manager appointed for Sydney casino for 90 daysFine after Star failed to prevent money laundering, criminal activityStar fined $62 million as part of disciplinary actionSYDNEY, Oct 17 (Reuters) - Australia's Star Entertainment Group (SGR.AX) said on Monday a regulator-appointed manager would be stepping in to run its Sydney casino after an investigation by an independent commission found it had failed to prevent money laundering and criminal activity. The firm was fined A$100 million ($62 million) by the New South Wales Independent Casino Commission (NICC), which also suspended its license to operate the casino in Sydney, effective Oct. 21, Star said in a statement. Register now for FREE unlimited access to Reuters.com RegisterThe suspension period will be crucial for Star to prove its merit to hold a casino license. Weeks' authority as a manager of Star's assets are limited to the operational needs of the casino. Australia's gambling industry has been in the spotlight in recent years, with public inquiries lashing its biggest casino operators due to lapses in money laundering protections.
☆ Australia casino firm Star to be fined $62 million following inquiry
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +1 min
SYDNEY, Oct 17 (Reuters) - Australian casino firm Star Entertainment Group (SGR.AX) was fined A$100 million ($62 million) on Monday following an independent inquiry which found it failed to prevent money laundering and criminal activity in its Sydney casino. The New South Wales Independent Casino Commission (NICC) also cancelled Star's licence to operate the Sydney casino effective Friday, and will appoint a person to manage the casino pending the return of its licence. "The appointment of the manager means that the Star Casino will remain open and all staff will remain employed," NICC Chief Commissioner Philip Crawford said during a media conference. The decision to slap Star with the maximum fine possible comes on the first day on the job for Star's new chief executive, Robbie Cooke. Australia's gambling industry has been in the spotlight in recent years, with public inquiries lashing its biggest casino operators due to lapses in money laundering protections.
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