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☆ 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

☆ Global dividends slide in Q3 as miners drag
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 15 (Reuters) - Global dividends fell 0.9% to $421.9 billion in the third quarter due to lower special dividends and a small number of corporations making large cuts to investor remuneration, a report showed on Wednesday. Janus said total dividends were slightly better than expected in the quarter despite lower one-off special payouts and exchange rate effects. "Special dividends have decreased, reflecting less M&A activity and the disappearance of windfall profits in sectors like mining," he added. The largest cuts to payouts were made by Brazilian oil group Petrobras (PETR4.SA) and Australian miner BHP (BHP.AX). More than half of mining companies reduced their payouts while 89% of companies overall raised their dividends or held them during the period, the report said.

Persons: Janus Henderson, Janus, Ben Lofthouse, Banks, Danilo Masoni, Elaine Hardcastle Organizations: MILAN, Petrobras, PETR4, BHP, Chemicals, China Construction Bank Corp, China Mobile, HK, Thomson Locations: Brazil, Taiwan, Czech, Asia, PetroChina, Europe

☆ Europe's bumper Q2 puts global dividend payouts on track for record year
▼ + stars: | 2023-08-29 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

This time around, the surge in global interest rates meant banks contributed half the world's dividend growth and drove a quarter of Europe's increase. At the same time, U.S. dividend growth slowed for the sixth consecutive quarter. "But the positive effect on bank margins from the end of years of ultra-low interest rates is very powerful and is driving dividend payouts". The second quarter marks a seasonal high point for Japanese dividends and payouts there rose 8.4% on an underlying basis. Its largest dividend payer, carmaker Toyota (7203.T), accounted for one third of the underlying increase with a 25% hike, despite lower profits.

Persons: Dado Ruvic, Janus Henderson, Ben Lofthouse, Lofthouse, Eli Lilly, Marc Jones, Alex Richardson Organizations: REUTERS, Companies, Global Equity, UnitedHealth Group, Intel, Blackstone, Toyota, HK, Petrobras, PETR4, Thomson Locations: Europe, Italy, Spain, Britain, Ukraine, U.S, Asia, China, Brazil, Colombia

☆ It's been a challenging year for IPOs — globally and for us, ASX CEO says
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's been a challenging year for IPOs — globally and for us, ASX CEO saysHelen Lofthouse, CEO of the Australian Securities Exchange, says there were "no surprises" in its results.

Persons: IPOs, Helen Lofthouse Organizations: Australian Securities Exchange

☆ American companies are draining their cash at the dumbest possible time
▼ + stars: | 2023-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Companies are sitting on a lot less cash than they were last year, largely because they’re spending it on share buybacks and corporate dividends. What’s happening: A new report from Moody’s Investors Service finds that nonfinancial companies’ corporate cash declined 12% last year to $2 trillion. But debt was flat year over year, meaning that companies didn’t use much of their cash reserves to pay down outstanding loans. Now that it’s more expensive to borrow, companies in the US should reconsider the amount of money they’re spending on buybacks, he added. Preventing companies from repurchasing their own shares, they argue, would free corporate cash to invest in growth and raise wages instead.

Persons: Emile El Nems, ”, Ben Lofthouse, Janus Henderson, ” El Nems, Joe Biden, buybacks, “, Brian Moynihan, Moynihan, CNN’s Poppy Harlow, Nathaniel Meyersohn, That’s Organizations: CNN Business, Bell, New York CNN — Companies, Moody’s Investors Service, Moody’s, Federal Reserve, Bank of America, Corporations, ”, CNN, Commerce Department, UBS Locations: New York, buybacks

☆ Man City edge closer to treble after FA Cup final win over Man Utd
▼ + stars: | 2023-06-03 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, June 3 (Reuters) - Manchester City moved to within one victory of completing a momentous treble as they deservedly beat arch-rivals Manchester United 2-1 in the FA Cup final thanks to Ilkay Gundogan's record-breaking double on Saturday. City captain Gundogan scored the fastest goal in FA Cup final history with a stunning volley after 12 seconds and struck what proved to be the winner seven minutes after halftime. It is the 13th time the English league and FA Cup double has been achieved. The FA Cup is so nice." It eclipsed the previous fastest FA Cup final goal scored by Louis Saha after 25 seconds for Everton against Chelsea in 2009 and City threatened to run riot against a stunned United.

Persons: Ilkay, Gundogan, Nat Lofthouse, Bruno Fernandes, Pep Guardiola's, Alex Ferguson, Guardiola, Stefan Ortega's, Erling Haaland, David de Gea, Louis Saha, Rodri, Jack Grealish, Kevin de Bruyne, Aaron Wan, Paul Tierney, Tierney, Fernandes, Ortega, Raphael Varane volleyed, De Bruyne's, De, Alejandro Garnacho, Erik Ten, Martyn Herman, Pritha Sarkar Organizations: Manchester City, Manchester United, FA, City, Bolton Wanderers, United . United, Inter Milan, Premier League, League, Champions League, Wembley, Everton, Chelsea, United, Grealish, Inter, Thomson Locations: Manchester, City, Istanbul

☆ Australian stock exchange's blockchain failure burns market trust
▼ + stars: | 2022-12-20 | by ( Byron Kaye | ) www.reuters.com time to read: +11 min

That 96% of that software is working," Hogben told a Stockbrokers and Investment Advisers Association conference, in footage seen by Reuters. More than a dozen brokers, other market participants and people directly involved in the blockchain project told Reuters the failure had shaken trust in the Australian exchange operator. After New York startup Digital Asset Holdings showed ASX executives a test transaction on its blockchain software, ASX in early 2016 signed the little-known company to begin exploratory work on an overhaul. From an initial plan to run about 12 of CHESS's 400 data transfers per transaction on blockchain, ASX decided the new system would include all 400 transfers, the person said. Its spokesperson told Reuters there was "no off-the-shelf solution available to meet the needs of the Australian market".

☆ 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.

☆ George Clooney a ajuns în spital, după ce a slăbit peste 11 kilograme pentru rolul său din The Midnight Sky
▼ + stars: | 2020-12-11 | by ( ) www.jurnal.md time to read: +1 min

Actorul câștigător al premiului Oscar a trebuit să petreacă mai multe zile în îngrijiri medicale, după ce a slăbit peste 11 kilograme pentru a juca rolul supraviețuitorului unei catastrofe globale în filmul The Midnight Sky. „Cred că m-am străduit prea mult să slăbesc rapid și probabil că nu aveam grijă de mine”, a spus actorul de 59 de ani. „A durat câteva săptămâni ca starea mea să se îmbunătățească și ca regizor nu este atât de ușor, pentru că ai nevoie de energie”, a spus Clooney. După ce a fost dus de urgență la spital cu patru zile înainte ca filmarea distopiană Netflix să înceapă, George Clooney a fost diagnosticat în cele din urmă cu pancreatită. Diagnosticul este unul care îți poate pune viața în pericol, însă actorul a fost externat în doar câteva zile, scrie libertatea.ro.

Persons: Clooney, Augustin, George Clooney

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