Bloomberg Business

Redox, Shareholders Seek Up to $280 Million in Australia IPO

Australian chemical distribution firm Redox Pty Ltd. and a group of its shareholders are seeking to raise as much as A$424 million ($280 million) in an initial public offering, potentially setting up Australia’s largest listing this year.

Australia Rate Outlook in the Air as Inflation Still Untamed

Economists and money markets are divided over which way Australia’s central bank will move Tuesday as lingering price pressures and recovering home prices suggest a hike may be needed while weaker activity and rising unemployment argue for a pause.

US-China Handshake Fails to Stem Fears of Conflict in Asia

A highly anticipated defense forum in Singapore kicked off with a friendly handshake between Pentagon chief Lloyd Austin and Chinese Defense Minister Li Shangfu. It ended Sunday with few other signs of optimism that the world’s biggest economies could avoid an eventual collision.

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