County Wayne Financial News

By Wayne Cole

Listed gas pipelines owner APA Group has clinched a deal to buy Alinta’s remote power assets in WA’s Pilbara region for about $1.8 billion, and will ask investors for $750 million to bankroll the acquisition at its results today.

Gas pipelines owner APA Group is set to make its biggest investment in electricity generation and battery storage assets, advancing its transformation into a broader Australian energy infrastructure group.

Australia’s largest steelmaker, BlueScope, will spend $1.15 billion relining a blast furnace at its Port Kembla steelworks in what chief executive Mark Vassella describes as a “bridge to the future”, with old-school steelmaking processes needed for at least 10 years.

By Wayne Cole

A look at the day ahead in European and global markets from Wayne Cole.

By Wayne Cole

The way Australians interact with their cities has fundamentally changed since the pandemic with Sundays now busier than Mondays, and evening activity significantly higher, new data from the City of Melbourne reveals.

By Jonathan Stempel

There’s a change of plans at the $2 billion auction for a majority stake in Melbourne’s EastLink toll road. Potential bidders were told last week that sell-side adviser RBC Capital Markets would delay the auction’s start date by nearly two months – from late July to late September.

(Reuters) — A look at the day ahead in European and global markets from Wayne Cole.

By Wayne Cole

By Wayne Cole

By Wayne Cole and Alasdair Pal

A severe thunderstorm watch is in effect for all of southeast Michigan on Thursday.Lapeer and Livingston counties are currently under a severe thunderstorm warning until 4 p.m. Oakland County is under a severe thunderstorm warning until 4:15 p.m. Sanilac County is under a severe thunderstorm warning until 4:30 p.m. Macomb, Wayne, and St. Clair counties are under a severe thunderstorm warning until 4:45 p.m. Washtenaw County is under a severe thunderstorm warning until 5 p.m. A Severe Thunderstorm Warning is in effect for Frankfort, Benzonia, and Thompsonville until 10:30 a.m. Thursday. Additionally, there is a Special Marine Warning for specific areas of Lake Michigan until 10:00 AM EDT. The Storm Prediction Center has upgraded southeast Michigan to the ENHANCED (3 out of 5) risk category for severe storms. During the early afternoon, a few showers and storms are expected to develop and move through the area. Following these isolated cells, a strong cold front will move in, and along and ahead of this frontal boundary, potent storm activity is likely to form. The main risks associated with any storms reaching severe limits will be damaging wind gusts and hail. Although flooding is less likely due to the storms' quick motion, heavy downpours may cause ponding on area roads. There is a possibility that if a storm becomes a supercell, an isolated tornado cannot be ruled out. Currently, we have a 2% elevated risk for a spin-up tornado according to the Storm Prediction Center.

A look at the day ahead in European and global markets from Wayne Cole

By Wayne Cole

By Wayne Cole

By Wayne Cole

An engineering company accused of partial responsibility for Flint’s lead-contaminated water in 2014 and 2015 has agreed to settle lawsuits brought by residents of the Michigan city

Openmarkets will pay the biggest penalty the corporate regulator’s market disciplinary panel has imposed, $4.5 million, after being pinged for suspicious trading and compliance failures on multiple occasions.