australia

Australian miner BHP Group has said that it is no longer considering a combination of the two mining giants and will instead focus on organic growth. Anglo American is in the process of a merger of equals with Teck Resources.

The funds were raised to further support the firm’s cleaner energy supply to remote mining sites across Australia; this is the first debt fundraising from Octa Group.

The Australian iron ore giant is looking to decarbonise from proceeds raised by the transaction; the landmark deal comes as the US steps back from green investing.

The loss-making Singapore-based airline, 49% owned by Qantas, has been hit by supplier costs, airport fees, aviation charges, and growing capacity and competition in the region; Qantas, which has been impacted by Cyclone Alfred, said Singapore remains a "critical hub".

Read on for the winners of the 29th iteration of the FinanceAsia Awards, across Australia and New Zealand.

The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.

Sydney-based Ben Connolly will step up from his real estate role, while Philippe Perzi will join from Goldman Sachs where he was managing director and head of FIG.

The Australian bond market has seen a record start to the year, with A$69bn being issued so far in 2025, with robust investor liquidity and tightened spreads.

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