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Markets news from Australia, New Zealand, and the wider Pacific.
A single sentence buried in the ASX Listing Rules can force a company to announce bad news within minutes of finding out. Here is how Australia's continuous disclosure regime actually works.
A shareholder who owns 100 shares wakes up owning 150, yet the company's total value has not changed by a rupee, dollar, or euro. Here is why a bonus issue is arithmetic, not wealth creation, and how that differs from a dividend.
A newly listed New Zealand company priced its initial public offering at the top of its indicated range after strong institutional interest.
A single suspicious order rarely triggers an investigation on its own. Here is how exchange surveillance systems actually piece together unusual trading patterns, and what happens once a flag gets raised.
A company listing shares and a fund manager offering units both hand investors a disclosure document, but the paperwork, the risks disclosed and the rules behind each are worlds apart.
Yields on longer-dated Australian government bonds slipped following a debt sale that drew solid investor demand.
Franking credits attach a record of company tax already paid to Australian dividends, changing their after-tax value depending on who receives them.
Australia's benchmark equity index advanced as strength in resources and banking shares offset caution in defensive sectors.