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Australia s Dexus records statutory net loss of A$597 2 million in July-December 2023, ET RealEstate

CEO Darren Steinberg said he believed the office sector was nearing the bottom, which should in turn help unfreeze a market that has seen very few sales as buyers wait to see how far prices will fall.

New south walesSam holmesShinjini ganguliEchha jainDarren steinbergLewis jacksonRepresentative imageVisible alphaJamie freedDarren steinberg

Australian office owner Dexus reports half-year loss as property slide continues

Australian real estate firm Dexus reported its second steepest half-yearly loss since 2008 on Wednesday as higher rates slashed roughly A$600 million off its large portfolio of office towers. .

New south walesSam holmesDarren steinbergEchha jainLewis jacksonShinjini ganguliVisible alpha

South32 approves $2 16 billion Taylor deposit investment, posts HY profit slump

Australian diversified miner South32 Ltd approved a $2.16 billion investment on Thursday for its Taylor zinc-lead deposit and reported a 93% drop in its first-half underlying earnings. .

United statesSneha kumarJosie kaoEchha jainShinjini ganguli

Macquarie posts lower nine-month profit, says commodities head to step down By Reuters

Macquarie posts lower nine-month profit, says commodities head to step down By Reuters
investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.

New south walesSimon wrightHenry jenningsJohn storeyShemara wikramanayakeNicholas okaneEchha jainPraveen menonMacquarie groupMacquarie capitalNicholaso kaneMacquarie asset management

Evergrande EV unit suspends talks with Dubai s NWTN on redrafting deal

In August, the electric vehicle unit of China Evergrande had agreed to issue 6.18 billion new shares to NWTN to support its parent's restructuring plan. If the transaction had been completed, NWTN would have held a 27.50% stake in NEV, while China Evergrande's interest would have been diluted to 46.86%. NEV said if it decides to proceed with the subscription deal with NWTN, the parties will renegotiate the amendments to certain key terms.

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