Australian shares advanced on Wednesday, buoyed by gains across financials, gold, energy, and mining sectors after the Reserve Bank of Australia (RBA) reduced interest rates as widely expected. The S&P/ASX 200 Index rose 0.6% to 8,393.1 points during the trdaing session, extending the previous …

Shares of Nufarm Ltd (ASX:NUF) crashed 24% to AU$3.04 on Wednesday morning, hitting a 52-week low, after the agricultural chemical and seed company reported a sharp decline in first-half profit and announced a strategic review of its Seed Technologies division. The company released its …

Shares in Mayne Pharmaceuticals (ASX:MYX) plummeted 29.78% to AU$4.55 in morning trade on Wednesday after Cosette Pharmaceuticals, its prospective acquirer, raised concerns about a possible “material adverse change” in Mayne’s financial condition, threatening to withdraw from the AU$672 million takeover deal. The dramatic sell-off …

The AU$3.7 billion takeover bid by South African mining giant Gold Fields for its Australian partner Gold Road Resources (ASX:GOR) has cleared a major regulatory hurdle, with Australia’s Foreign Investment Review Board (FIRB) granting its approval for the proposed acquisition. Gold Road confirmed on …