Australasia

Anglo American has agreed to sell its Australian based steelmaking coal business to US firm Peabody Energy for around $3.8bn.

The banking veteran has joined the real estate and investment firm in Sydney from Deutsche Bank; he will relocate to Singapore in 2025.

The former head of Citi’s Apac equity derivatives trading will relocate from Singapore to Hong Kong and cover Asia South, Japan, Asia North and Australia.

The move by Australia to phase out the bonds may reflect the unusually high level of retail investor holdings of AT1 instruments in the country, Fitch Ratings said.

Sydney-based Dann to lead SocGen’s sustainable finance unit across Asia Pacific after previously running Australia and New Zealand.

The Credit Suisse crisis shows that the bonds don't necessarily provide stability to banks and investors as designed; APRA has proposed a different capital framework from January 1, 2027.

The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.

The bank has made several appointments across markets' sales, asset-backed securitisation & financing, G10 rates trading and corporate access.

EQT invests in Australian tech education firm Compass; HKEX's H1 2024 results; iron ore slowdown sees BHP diversify; Canada to slap tariffs on Chinese EVs, steel and aluminium; HKIC invests in Thailand.