2h ago
Australia’s unemployment rate rises to 4.6% in August as full-time jobs fall by 6,000
Australia’s unemployment rate rose unexpectedly to 4.6% in August, above forecasts of 4.5%. Full-time employment fell by 6,000, while the participation rate increased to 67.1%. The figures were released ahead of the Reserve Bank of Australia’s interest-rate decision next week. RBA Governor Michele Bullock has said unemployment would need to rise into a 4.5% to 5% range to help ease inflation pressure.
2h ago
3h ago
Australia’s unemployment rate rises to post-COVID high of 4.6% in August
Australia’s unemployment rate rose to 4.6% in August from 4.5% in July, marking its highest level in the post-COVID period. The participation rate climbed to 67.1%, near the record high. RBA governor Michele Bullock has said an unemployment rate between 4.5% and 5% would help cool the labour market and ease inflation pressures. Some economists say the increase in unemployment is not enough to stop the central bank raising rates next week.
3h ago
3h ago
TC Energy shares fall 14.4% over three months as dividend yield rises to nearly 4.2%
TC Energy shares have fallen 14.4% over the past three months, lifting the dividend yield to nearly 4.2%. The company announced a $560 million sale of its Guadalajara-Manzanillo Pipeline in Mexico, with the deal expected to close in the first half of 2027. After the sale, TC Energy will still operate a 3,300-kilometer pipeline network in Mexico that transports nearly 8.7 billion cubic feet of natural gas per day.
3h ago
3h ago
GeoPark secures noteholder consents to amend terms of 8.750% senior notes due 2030
GeoPark said it has obtained the required consents from holders of its 8.750% senior notes due 2030 and expects to pay a consent fee on September 29, 2026. The company plans to pay $2.50 per $1,000 principal amount to eligible holders who submitted consents before the expiration time. Separately, GeoPark is acquiring Grupo Gilinski’s 95% stake in the holding company for the Bare field opportunity in exchange for newly issued shares, after Grupo Gilinski-affiliated entities recently bought about 28% of GeoPark’s outstanding common shares.
3h ago
3h ago
Wall Street closes lower as yields rise; S&P 500 ends down 0.75% and Nasdaq falls 1.13%
U.S. stocks ended lower on Wednesday, with the S&P 500 down 0.75% at 7706, the Nasdaq down 1.13% at 26936 and the Dow off 0.68% at 51511. Oil prices climbed nearly 4% as Iran’s president told the United Nations that Tehran would never surrender to U.S. pressure. Energy shares rose against the broader decline, while higher Treasury yields weighed on technology stocks, with Alphabet and Amazon among the biggest drags, according to the report.
3h ago
3h ago
McDonald’s to invest $8.5 billion over 10 years to modernize restaurants and expand protein-focused menu
McDonald’s said Wednesday it will invest $8.5 billion over the next decade to modernize restaurants worldwide and roll out higher-protein items such as a grilled chicken sandwich and wraps. The company also plans to automate more tasks, including inventory and scheduling, to improve kitchen efficiency. With fast-food traffic flattening, CEO Chris Kempczinski said growth will depend on taking share from rivals and boosting productivity. McDonald’s shares fell nearly 5% on Wednesday, marking their biggest one-day drop since April 2025.
3h ago
4h ago
South Bow posts US$175 million in Q2 distributable cash flow, covering a roughly 5.8% dividend
South Bow generated US$175 million in second-quarter distributable cash flow and paid US$104 million in dividends, implying a payout ratio of about 59%. After stronger-than-expected first-half results, management raised its 2026 distributable cash flow guidance to roughly US$665 million. Based on the current dividend, that would translate to a full-year payout ratio of about 63%. The stock’s dividend yield is roughly 5.8%, with cash flow coverage described as ample.
4h ago