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☆ Commonwealth Bank of Australia raises $794 mln worth of debt
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO:A woman walks past a Commonwealth Bank of Australia logo and ATM in Sydney, Australia, February 7, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsOct 25 (Reuters) - Commonwealth Bank of Australia (CBA.AX) on Wednesday announced the issuance of A$1.25 billion ($794.38 million) worth of subordinated notes. The issue of subordinated securities will not have a material impact on its financial position, the country's largest lender said. The bank is issuing A$550 million worth of subordinated fixed to floating rate securities and A$700 million worth of subordinated floating rate securities, both due in a decade. "The subordinated securities potentially exchange into fully paid ordinary shares of CBA if a non-viability trigger event occurs," the bank said.

Persons: Daniel Munoz, Sameer Manekar, Shailesh Kuber Organizations: Commonwealth Bank of Australia, REUTERS, Wednesday, CBA, Thomson Locations: Sydney, Australia, Bengaluru

☆ In Australia's outback, Rio Tinto prepares for a low carbon future
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +3 min

Rio Tinto hosted media to Gudai-darri's mine, plant and 34 megawatt solar farm last week, as well as its Dampier port and rail operations. At Gudai-darri, Rio will not mine below the water table in order to conserve an aquifer important to the Banjima people. Iron ore exports were worth A$124 billion ($78.79 billion) last year. Earlier this month, Aboriginal elders walked off a heritage survey on a Rio Tinto iron ore project over concerns it had played down the harm it caused them after blasting impacted an Indigenous rock shelter in August. Rio, which began shipping iron ore in 1966, shares the region with other iron ore majors including BHP Group (BHP.AX) and Fortescue (FMG.AX).

Persons: Melanie Burton, Fortescue, Rio, Miral Organizations: REUTERS, Rio Tinto, BHP Group, Thomson Locations: Rio, Dampier, Port Dampier, Perth, Australia, DAMPIER, Western Australia, Rio Tinto's, darri, Rio Tinto

☆ Indigenous group seeks to block Santos gas pipeline off Australia
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSYDNEY, Oct 24 (Reuters) - The Australian government said on Tuesday it was reviewing an emergency application filed by an indigenous group seeking to block pipeline construction for Santos Ltd's (STO.AX) $3.6 billion Barossa gas project off northern Australia. Santos, which aims to start producing gas from Barossa in the first half of 2025, did not immediately respond to a request seeking comment. In a quarterly update issued last week, Santos said an independent expert concluded that there were no specific underwater cultural heritage places along the planned Barossa pipeline route. But the Tiwi people said the pipeline will cause significant damage to ancient burial grounds, aboriginal art and other sacred ancestral sites. Santos was informed about the concerns of the indigenous elders but the company had plans to begin the pipeline construction soon, the group said.

Persons: Santos, Chris Helgren, Santos Ltd's, Tanya Plibersek, Molly Munkara, Renju Jose, Raju Gopalakrishnan Organizations: REUTERS, Rights, Thomson Locations: Vancouver , British Columbia, Canada, Australia, Barossa, Sydney

REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - China is upping the critical minerals stakes by curbing exports of graphite, a key raw material in electric vehicle batteries. There is much potential for further escalation in this unfolding critical minerals battle between China and the West. Previous restrictions on lower-grade graphite exports destined for the steel and lubricants sectors have been rescinded. The world's graphite supply chain could well be in for a similar short-term shock. Western governments are still evaluating their response, waiting like the rest of us to see how China's graphite volumes play out in the coming months.

Persons: Fabian Bimmer, Wei Jianguo, Wei, Biden, Obama, Trump, Adam Hodge, China's Wei, David Evans Organizations: Volkswagen, REUTERS, Commerce, U.S, Chips, Benchmark Minerals, U.S . Department, Department of Defense, EV, World Trade Organization, European Union, WTO, Thomson, Reuters Locations: Salzgitter, Germany, China, U.S, Alaska, Australia, Japan

☆ Australian miner South32's met coal output falls on Illawarra disruptions
▼ + stars: | 2023-10-23 | by ( John Biju | ) www.reuters.com time to read: +2 min

A sign adorns the building where Australian miner South32 has their office in Perth, Western Australia, November 19, 2015. As a result, production volumes at Illawarra operations are expected to be weighted to the second half of fiscal 2024, the miner said. Regardless, South32 kept its forecast of 4.4 million metric tons of annual metallurgical coal output from Illawarra, down from last year's 5.5 million tons. Production of metallurgical coal fell to 1.0 million tons in the three months to Sept. 30, from 1.3 million tons a year earlier. That was slightly lower than a consensus estimate of 1.1 million tons compiled by Visible Alpha.

Persons: South32, David Gray, Graham Kerr, John Biju, Roushni Nair, Lisa Shumaker, Jamie Freed, Subhranshu Organizations: REUTERS, Citi, Alpha, Thomson Locations: Perth, Western Australia, New South Wales, Illawarra, Bengaluru

☆ Australia's Treasury Wine surges on hopes of China revival
▼ + stars: | 2023-10-23 | by ( Archishma Iyer | ) www.reuters.com time to read: +2 min

SummaryCompanies China agrees to expedited review of wine import tariffsTreasury Wine gets set to rebuild China businessTreasury shares jump 5%Oct 23 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China, sending its shares up more than 5%, should Beijing's tariffs on Australian wine be removed as signalled by the two countries on the weekend. "Should tariffs be removed, these measures will be implemented sustainably and with the aim of growing the business in China," Treasury Wine, the world's biggest standalone winemaker, said in a statement. Treasury Wine used to make one-third of its profit in China but lost most of that business when Beijing imposed tariffs on Australian wine in 2021, after Canberra called for an inquiry into the origins of COVID-19. "If the tariffs are removed, we see this as a significant positive for the Australian wine export industry and specifically Treasury Wine," Goldman Sachs analysts said in a research note. Measures for reviving its China business would include shifting a portion of Penfolds Luxury from other markets back to China and rebuilding distribution for the Penfolds Australian entry-level luxury portfolios, the company said.

Persons: Treasury Wine, Goldman Sachs, Archishma Iyer, Lisa Shumaker, Diane Craft, Sonali Paul Organizations: Treasury Wine, Treasury, Wine Estates, Sunday China, Thomson Locations: China, Beijing, Canberra, Bengaluru

☆ Australia's South32's Q1 metallurgical coal output falls on Illawarra bottlenecks
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

A sign adorns the building where Australian miner South32 has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo Acquire Licensing RightsCompanies South32 Ltd FollowOct 23 (Reuters) - Diversified miner South32 (S32.AX) posted an 18% drop in first-quarter metallurgical coal output on Monday, as production was affected by disruptions at its Illawarra project in New South Wales. South32, the world's biggest producer of manganese, is facing operational headwinds at its Illawarra Metallurgical Coal project after the miner undertook an extended planned longwall move at the Dendrobium mine. The Perth-based miner said production of metallurgical coal, used to make steel, fell to 1.0 million metric tons in the three months to Sept. 30, from 1.3 million metric tons a year earlier. That was slightly lower than a consensus estimate of 1.1 million metric tons compiled by Visible Alpha.

Persons: South32, David Gray, John Biju, Roushni Nair, Lisa Shumaker Organizations: REUTERS, South32, Illawarra Metallurgical Coal, Alpha, Thomson Locations: Perth, Western Australia, New South Wales, Illawarra, Dendrobium, Bengaluru

☆ Opinion | With War in Israel, the Cancel Culture Debate Comes Full Circle
▼ + stars: | 2023-10-23 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +6 min

Today, with people still struggling to understand the contours of this deeply complicated conflict, the book seems essential. “Because that was absolutely the ambition of the book, to depict real people” rather than villains and saints. Because I admire “A Day in the Life of Abed Salama” so much, I agreed to moderate a talk with Thrall this Thursday in Brooklyn. And in a time of war, particularly a war shrouded in fiercely competing narratives, free speech is more important than ever. And supporters of Israel are hardly alone in creating a censorious atmosphere; particularly on college campuses, it is Zionists who feel silenced and intimidated.

Persons: Nathan Thrall’s, Abed Salama, ”, Thrall, Salama, Beber Vanunu, Dany Tirza, Jamal Khashoggi, ” Thrall, “, Abed Salama ”, I’ve, it’s, ” Andrea Grossman, Viet Thanh Nguyen, Nguyen, gestured, ” Nguyen, didn’t Organizations: New York, West Bank, Crisis, The Guardian . American Public Media, Israel, Boston Palestine Film, Hilton, U.S . Campaign, Palestinian, University of California Locations: Israel, Saudi, Brooklyn, United States, Britain, Angeles, The, 92NY, Manhattan, Palestine, ”, Houston, Gaza, Davis

☆ Australia's Treasury Wine looks to rebuild China business after tariff review
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Oct 23 (Reuters) - Australia's Treasury Wine Estates (TWE.AX) said on Monday it is well placed to rebuild its business in China, should tariffs by China of the country's wine be removed, as signalled by the Australian government on Sunday. The Australian government, which is currently rebuilding its economic ties with Asia's largest economy, had said that an expedited review of tariffs on Australian wine into China will commence and is expected to take up to five months. "Should tariffs be removed, these measures will be implemented sustainably and with the aim of growing the business in China," the company said in a statement. Some of the measures for Treasury Wine to build its China business include a re-allocation of a portion of Penfolds Luxury from other global markets back to China and to re-build its distribution for the Penfolds Australian entry-level luxury portfolios. The world's biggest standalone winemaker used to derive a third of its profits from China, before anti-dumping and subsidy tariffs of up to 212% were imposed on Australian wine in late 2020.

Persons: Archishma Iyer, Lisa Shumaker, Diane Craft Organizations: Wine Estates, Treasury Wine, Treasury, Thomson Locations: China, California, Australia, Bengaluru

☆ 92nd Street Y cancels talk by Pulitzer-winning author who backs Palestinians
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +3 min

Writing on Instagram, Nguyen said he learned at 3 p.m. that the event had been canceled by the 92NY. "Their language was 'postponement,' but no reason was given, no other date was offered, and I was never asked," Nguyen wrote. "I spoke about my book, yes, but also about how art is silenced in times of war and division because some people only want to see the world as us vs them," Nguyen wrote on Saturday. And writing is the only way I know how to grieve." Reporting by Lucia Mutikani, David Ljunggren and Joseph Ax; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Viet Thanh Nguyen, Christopher Lightfoot Walker, Nguyen, I've, 92NY, Lucia Mutikani, David Ljunggren, Joseph Ax, Daniel Wallis Organizations: Hamas, REUTERS, New York City, Reuters, Thomson Locations: Palestine, Israel, Palestinian, Mineola , New York, U.S, New York, Gaza, Nguyen, American, Manhattan

China's decision may escalate trade disputes globally and spur other countries to prioritize research into alternative sources and materials, industry executives said. "We see China's move as a potential catalyst to highlight the urgency of improving (U.S.) graphite supply," said John DeMaio, president of Graphex Group's (6128.HK) graphene division. It has graphite supply deals with Syrah Resources (SYR.AX) and is looking for other sources, DeMaio said. Synthetic graphite could account for nearly two-thirds of the EV battery anode market by 2025, Benchmark Mineral Intelligence estimates. Chief Operating Officer Hans Erik Vatne told Reuters recently that developing synthetic graphite production is costly, but that is the price to pay to reduce reliance on China.

Persons: Fabian Bimmer, John DeMaio, Graphex Group's, DeMaio, Tesla, Hans Erik Vatne, Rob Anstey, Alvin Liu, Akash Sriram, Ernest SCheyder, Nick Carey, Christina Amann, Marie Mannes, Gilles Guillaume, Ilona Wissenbach, Ben Klayman, Josie Kao Organizations: Volkswagen, REUTERS, Syrah Resources, Magnis Energy Technologies, Mineral Intelligence, Reuters, EVs, BMO Capital Markets, BMW, Volvo, Renault, General Motors, Ford, Thomson Locations: Salzgitter, Germany, China, Warren , Michigan, West, U.S, Europe, Oslo, Norway, Bengaluru, Houston, London, Berlin, Stockholm, Paris, Frankfurt

☆ Australia's Lynas plans temporary shutdown of Malaysia ops, shares fall
▼ + stars: | 2023-10-20 | by ( Echha Jain | ) www.reuters.com time to read: +3 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. Shares of the miner closed 1.9% lower, after falling as much as 2.7% to A$6.24 mid-trade, the stock marked its lowest since May 3. It will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium (NdPr) to about 10,500 metric tons per annum. The world's largest producer of rare earths outside China also reported a 21.8% drop in its first quarter sales revenue to A$128.1 million ($81.04 million). NdPr production for the quarter came in at 1,526 rare earth oxide tonnes (REOt), compared with 1,045 REOt a year earlier.

Persons: Dado Ruvic, Lynas, Anwar Ibrahim, Echha Jain, Adwitiya Srivastava, Roushni Nair, Devika Syamnath, Jacqueline Wong Organizations: REUTERS, 10,500tpa, Malaysian, Thomson Locations: Malaysia, Lynas Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

☆ Former U.S. Rep Amash says relatives killed in Gaza church air strike
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] A view at the Greek Orthodox Saint Porphyrius Church that was damaged by an Israeli strike, where Palestinians who fled their homes take shelter, in Gaza City, October 20, 2023. REUTERS/Mohammed Al-Masri Acquire Licensing RightsOct 20 (Reuters) - Former U.S. Representative Justin Amash said on Friday that several of his relatives had been killed when a Greek Orthodox church in the Gaza Strip was hit overnight by an Israeli air strike. "May God watch over all Christians in Gaza — and all Israelis and Palestinians who are suffering, whatever their religion or creed." Palestinian officials said at least 500 Muslims and Christians had taken shelter from Israeli bombardments in the Greek Orthodox Church of St. Porphyrius, and the Hamas-run government's health ministry said 16 were killed. Israel has besieged Gaza since Hamas killed 1,400 people in southern Israel on Oct. 7.

Persons: Mohammed Al, Masri, Justin Amash, Amash, Porphyrius, Jerusalem, Donald Trump, Joseph Ax, Daniel Wallis Organizations: Saint Porphyrius, REUTERS, Former U.S, St, Hamas, Republican, U.S . House, Libertarian Party, United Nations, Thomson Locations: Gaza City, Former, Gaza, Palestinian, Michigan, U.S, Israel

☆ Vietnam rare earths arrests include key figure in bid to build industry
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Luu Anh Tuan, Chairman of mining company VTRE in his Hanoi office with samples of rare earth oxides in Hanoi, Vietnam September 7, 2023. REUTERS/Francesco Guarascio/File Photo Acquire Licensing RightsHANOI, Oct 20 (Reuters) - Police in Vietnam have arrested six people accused of violating mining regulations, including the chairman of a company at the heart of efforts to develop Vietnam's rare earth industry, seizing 13,715 tons of rare earths ores. VTRE has partnered with Australian mining companies Australian Strategic Materials (ASM) (ASM.AX) and Blackstone Minerals LTD (BSX.AX), which were not involved in the investigation. ASM signed a binding agreement in April with VTRE for the purchase of 100 tons of processed rare earths this year, and committed to negotiating a longer-term supply deal. Vietnam is planning to organise auctions for concessions at its largely unexploited rare earths mines, which are considered to contain the world's second biggest deposits of the critical minerals used in electric cars and wind turbines.

Persons: Anh Tuan, Francesco Guarascio, Yen Bai, VTRE, Blackstone, Dong Pao, Tuan, Doan Van Huan, Khanh Vu, Edmund Klamann, Martin Petty Organizations: REUTERS, Rights, Police, Earth JSC, Duong Group, Ministry of Public Security, Strategic Materials, Blackstone Minerals LTD, Blackstone, ASM, Australian, Thai Duong Group, Thomson Locations: Hanoi, Vietnam, Rights HANOI, Vietnamese, Yen, Lai Chau, Yen Bai

☆ Former U.S. Rep Amash Says Relatives Killed in Gaza Church Air Strike
▼ + stars: | 2023-10-20 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Former U.S. Representative Justin Amash said on Friday that several of his relatives had been killed when a Greek Orthodox church in the Gaza Strip was hit overnight by an Israeli air strike. "May God watch over all Christians in Gaza — and all Israelis and Palestinians who are suffering, whatever their religion or creed." Amash, a Palestinian-American, represented Michigan as a Republican in the U.S. House of Representatives from 2011 to 2021. A vocal critic of former Republican President Donald Trump, Amash left the party in 2019 and later joined the Libertarian Party. Israel has besieged Gaza since Hamas killed 1,400 people in southern Israel on Oct. 7.

Persons: Justin Amash, Amash, Porphyrius, Jerusalem, Donald Trump, Joseph Ax, Daniel Wallis Organizations: Reuters, Former U.S, St, Hamas, Republican, U.S . House, Libertarian Party, United Nations Locations: Former, Gaza, Palestinian, Michigan, U.S, Israel

☆ Australia's Lynas announces planned shutdown of Malaysia ops
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 20 (Reuters) - Australia's Lynas Rare Earths (LYC.AX) said on Friday there will be a planned shutdown of all its operations in Malaysia except its mixed rare earth carbonate processing plant in the December quarter. The company also reported a 21.8% fall in first-quarter revenue, hurt by lower product prices and continued accumulation of inventory. The company will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium to about 10,500 tonnes per annum. ($1 = 1.5808 Australian dollars)Reporting by Echha Jain and Adwitiya Srivastava in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Lynas, Echha Jain, Adwitiya Srivastava, Devika Organizations: REUTERS, Malaysian, Mt, Thomson Locations: Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

☆ Australian Shareholders' Association to vote against Qantas CEO's nomination as director
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Phil Noble///File Photo Acquire Licensing RightsOct 19 (Reuters) - The Australian Shareholders' Association will vote against the nomination of Qantas (QAN.AX) Chief Executive Officer Vanessa Hudson as a director in the company, it said on Thursday. Hudson, who used to be the chief financial officer at the national carrier, was appointed as its first-ever female CEO in May this year, taking over from Alan Joyce. read moreThe carrier is dealing with multiple legal and regulatory actions, which led to the resignation of Joyce and chairman Richard Goyder. The association intends to vote for the nomination of Doug Parker, the former CEO of American Airlines (AAL.O), as a director. Shares of the national carrier are down around 21% on a year-to-date basis.

Persons: Phil Noble, Vanessa Hudson, Hudson, Alan Joyce, Joyce, Richard Goyder, Doug Parker, Archishma Iyer, Mrigank Organizations: Qantas, Melbourne International Airport, REUTERS, Australian Shareholders, Association, American Airlines, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Australia's Lynas announces planned shutdown of Malaysia ops, shares fall
▼ + stars: | 2023-10-19 | by ( Echha Jain | ) www.reuters.com time to read: +3 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Lynas to conduct planned shutdown of Malaysia opsCo to upgrade NdPr production in Malaysia to 10,500tpaQtrly sales revenue slips 21.8%Shares fall as much as 2.7%Oct 20 (Reuters) - Australia's Lynas Rare Earths (LYC.AX) said on Friday it planned to shut all operations in Malaysia except a mixed rare earth carbonate processing plant in the December quarter, with minimal volumes of the raw material processed during the shutdown. Shares of the miner fell as much as 2.7% to A$6.24 by 0045 GMT, the lowest since May 3. It will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium (NdPr) to about 10,500 tonnes per annum. NdPr production for the quarter came in at 1,526 rare earth oxide tonnes (REOt), compared with 1,045 REOt a year earlier.

Persons: Dado Ruvic, Lynas, Anwar Ibrahim, Henry Jennings, Echha Jain, Adwitiya Srivastava, Devika Syamnath, Jacqueline Wong Organizations: REUTERS, Co, 10,500tpa, Malaysian, Marcustoday, Thomson Locations: Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

☆ Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
▼ + stars: | 2023-10-18 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. Qantas shares fell 2.7% to A$4.7 in early trade, whereas Alliance shed around 1%. He added that Qantas is dealing with a brand crisis, a part of which is tied to perceptions that the company acts anti-competitively. Qantas is not the only airline that is aiming to expand charter service offerings with smaller peer Regional Express Holdings (REX.AX) buying charter operator National Jet Express in July 2022. ($1 = 1.5785 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Gregg Porteous, Tim Waterer, Kyle Rodda, Rishav Chatterjee, Shailesh Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Qantas, Qantas Airways, Aviation Services, Australian Competition, Consumer Commission, Alliance, KCM Trade, Capital.com, Regional Express Holdings, National Jet Express, Thomson Locations: Australia, Bengaluru

Yonatan Manor, president of Boston University Students for Israel, said failure to denounce Hamas was akin to supporting Nazis. Younger Americans are much less likely than older generations to support Israel. Support for Israel has grown among all Americans since 2014, when clashes between Israel and Hamas led to thousands of deaths, the vast majority Palestinians. One member, a Middle Eastern Jewish student at Barnard College who requested anonymity for safety concerns, said the organization's ethos underscores the conflict's complexity. Raffi Ivker, a Jewish student at George Washington University, said he believed neither side "has clean hands."

Persons: Kevin Khadavi, David, Louis, Haniah, –, They've, we've, Israel, Christopher Iacovetti, Nat Turner's, Black, Hadia Khatri, Raffi Ivker, Josh Joffe, Joseph Ax, Gabriella Borter, Jason Lange, Paul Thomasch, Howard Goller Organizations: Columbia University, REUTERS, Stanford University, Washington University, Social, Boston University Students for Israel, Reuters, U.S, University of Chicago, Virginians, Jewish, Eastern, Barnard College, George Washington University, Washington , D.C, Stanford, Thomson Locations: Gaza, New York City, U.S, St, Palestine, Israel, Yonatan Manor, Washington ,, New York, Washington

☆ Virgin Australia's IPO executive David Marr resigns
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ Corporate Australia takes Indigenous support into its own hands after poll defeat
▼ + stars: | 2023-10-17 | by ( Byron Kaye | ) www.reuters.com time to read: +4 min

[1/2] Voters walk past Vote Yes and Vote No signs at the Old Australian Parliament House during The Voice referendum, in Canberra, Australia, October 14, 2023. At an Oct. 14 referendum, Australians overwhelmingly voted down a proposal to create a constitutionally-protected Indigenous parliamentary advisory body, known as the Voice. Without a political solution, it is now up to the companies themselves to pursue strategies to address entrenched disadvantage in Australia's 3.8% Indigenous population, corporate leaders and political researchers said. Indigenous reconciliation remains largely unresolved in Australia which, unlike New Zealand, Canada and the U.S., never signed a treaty with its first inhabitants after European arrival. The companies could now "take meaningful corporate actions to close the gap, such as by hiring and retaining Indigenous staff and systematically co-designing projects that impact Indigenous Australians," she added.

Persons: Tracey Nearmy, there's, Rob Scott, Scott, Geraldine Slattery, Ross Piper, it's, Intifar Chowdhury, Estelle Parker, Byron Kaye, Melanie Burton, Sonali Paul Organizations: Old Australian, House, The, REUTERS, Rights, Kmart, Target, Airline Qantas, First Nations, BHP, Australia, Australian, Australian National University, Responsible Investment Association Australasia, Thomson Locations: Canberra, Australia, New Zealand, Canada, U.S, Melbourne

☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

[1/3] A view of a sign supporting Democratic candidate for Virginia State Senate District 27 Joel Griffin on a lawn in Stafford, Virginia, U.S. October 3, 2023. Democrats argue even a 15-week limit is unacceptable and warn that Republicans might seek to restrict abortion further in the future. Every seat in the state Senate and House is on the ballot in November, and control in each chamber is likely to come down to a handful of competitive districts. Like other Democrats in the state, Griffin has made protecting abortion rights a pillar of his campaign. Reporting by Gabriella Borter in Stafford, Virginia and Joseph Ax in New York Editing by Colleen Jenkins and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Joel Griffin, GABRIELLA BORTER, Britainy Riggins, Riggins, Griffin, forestalling, Glenn Youngkin's, Donald Trump, Todd Gilbert, Susan Swecker, Monica Gary, Tara Durant, AdImpact, Griffin's, Durant, Zack Roday, Mary Jane Mitchell, Roe, Gabriella Borter, Joseph Ax, Colleen Jenkins, Aurora Ellis Organizations: Democratic, Virginia State, District, REUTERS, U.S, Virginia Republicans, Republican, Gallup, Democratic Party, States, Virginia Public, Republicans, Marine Corps, Twitter, Reuters, Youngkin's PAC, Democrat, Air Force, Wade, Thomson Locations: Stafford , Virginia, U.S, STAFFORD , Virginia, Republican, Virginia, U.S ., Stafford, New York

☆ Tycoon’s lithium grab leaves investors hanging
▼ + stars: | 2023-10-16 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Australia’s richest person has stifled Albemarle’s (ALB.N) A$6.6 billion ($4.2 billion) pursuit of lithium producer Liontown Resources (LTR.AX) with deft use of the country’s takeover rules. At A$3 a share, the offer represented a near-100% premium to Liontown’s undisturbed price. And because she never paid more than the A$3 a share Albemarle put on the table, her share purchases did not count as a superior offer. CONTEXT NEWSU.S.-based lithium producer Albemarle on Oct. 16 said it has abandoned its A$6.6 billion ($4.2 billion) offer for smaller Australian rival Liontown Resources, citing “growing complexities associated with the proposed transaction” as a reason. The firm said that in building its stake it never paid more than A$3 per share, the same price as Albemarle’s takeover offer.

Persons: Gina Rinehart, Kent Masters, Rinehart, Albemarle, Masters, Liontown, Kathleen, It’s, Hancock, Lisa Jucca, Katrina Hamlin, Thomas Shum Organizations: MELBOURNE, Reuters, Liontown, Kent, Liontown Resources, Thomson Locations: Western Australia, Hancock, Liontown

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