Petrol, Diesel Price Hike Alert: IOC, BPCL, HPCL Lose ₹1 Lakh Crore as Crude Shock Deepens
New Delhi, May 11, 2026, 15:32 IST India’s state-run fuel retailers have absorbed more than ₹1
Indian Railways Just Cleared ₹362 Crore For Kavach — Punjab And J&K Routes Are Next
Indian Railways has approved a ₹362-crore expansion of the Kavach automatic train protection system over 1,478 route km in Punjab and Jammu and Kashmir. The project covers key sections in the Firozpur
Canara Bank Q4 Results: Profit Falls 10%, But Bad Loans Keep Improving
Canara Bank’s Q4 standalone net profit fell 9.9% to ₹4,505.57 crore, despite a 3.9% rise in net interest income to ₹9,808 crore.
Sensex Crash Today: Why Nifty Slid Below 23,950 as Oil Shock and Modi’s Fuel Appeal Hit Dalal Street
Indian shares tumbled Monday, with the Sensex down over 900 points and the Nifty 50 falling below 23,950 after crude oil prices
Rupee Near Record Low: Oil Shock Pushes India’s Currency Past 95 Against Dollar
The rupee fell past 95 per dollar on Monday, reaching 95.1850, after oil prices surged and U.S.-Iran peace talks stalled. Brent crude
UK & AU Stock Market Today: Live Updates 11.05.2026
LIVEMarkets rolling coverageStarted: May 11, 2026, 12:00 AM EDTUpdated: May 11, 2026, 6:41 AM EDT Shoe Zone Faces Challenges as UK Retail
Coles Group Share Price Faces Monday Test as Inflation Squeeze Hits Its Sales Story
Coles Group shares closed at A$21.63 on May 8, down 0.8%, as investors assess if rising fuel and supplier costs will erode margins despite a 4% jump in third-quarter supermarket sales to A$9.8 billion. Supermarket price inflation eased to 0.8%, but Coles faces more supplier cost requests and higher freight expenses. Woolworths reported stronger sales growth but warned of slower earnings.
Cochlear Limited Shares Face A$100 Test After Shock Profit Cut: What Investors Watch Now
Cochlear shares are set to reopen near A$100 after plunging 40.7% on April 22 following a sharp profit downgrade. The company cut
Xero Shares Face Pivotal Results Week as Melio Bet Comes Into View
Xero will report FY26 full-year earnings on May 14, its first results since detailing AI and U.S. payments plans. Shares last traded
South32’s Eskom Power Deal Puts 29,000 Aluminium Jobs in Play
South32 aims to secure a new electricity deal for its Hillside Aluminium smelter by 2029, ahead of its discounted Eskom contract expiring
Santos Stock Faces A Crucial Week As Australia’s Gas Rule Tests Its LNG Growth Plan
Santos shares closed at A$7.52, down 1.44%, as investors assess the impact of Australia’s new gas reservation policy requiring exporters to supply
Longi’s First Finland Battery Goes Live as Nordic Storage Race Heats Up
Longi Green Energy Technology has launched its first Finnish battery energy storage system, a 2 MW/4 MWh unit at the Söderby Solpark solar site in the Åland Islands. The system, designed for sub-zero conditions, integrates with a 4 MW solar plant and can restart local power after outages. Grid operator Fingrid reports 1,050 MW of storage now connected nationwide. Finland is tightening rules for battery grid integration as storage demand rises.
Lynas Rare Earths Stock Is Back in Focus Before Trump-Xi Summit
Lynas Rare Earths shares last closed at A$19.44, down 2.46%, after a strong 2026 run. The U.S.-China rare-earths deal remains in effect ahead of May 14-15 talks in Beijing, keeping attention on non-Chinese suppliers like Lynas. The company reported A$265 million in March-quarter sales, more than double a year earlier. Lynas recently signed a U.S. supply deal backed by $96 million from the Pentagon.
QBE Insurance Shares Slid After 11% Premium Growth — The Pricing Signal Explains Why
QBE Insurance Group kept its 2026 outlook after first-quarter gross written premium rose 11% to US$9.2 billion. Shares fell 1.55% Friday despite reaffirmed guidance and higher premiums. Net catastrophe claims reached about US$300 million for the year to April. Investment income totaled US$500 million in the four months, with funds under management at US$36.1 billion.
WiseTech Global Stock Back on Watchlists as AI Job Cuts Test CargoWise Growth
WiseTech Global shares closed at A$42.27 on May 8, down 4.6% and far below their 52-week high, as investors react to an AI-driven restructure and uncertainty over 2,000 planned job cuts. Trading has been volatile, with shares rising 5.2% on May 5 before three sessions of losses. The company reported first-half fiscal 2026 revenue up 76% and EBITDA up 31%, citing the e2open acquisition and AI rollout.
Mineral Resources Stock Faces a New Debt-Repair Test After COO Move and POSCO Lithium Push
Mineral Resources has named Darren Killeen as chief operating officer, a new role reporting to Managing Director Chris Ellison. Shares closed Friday at A$69.55, down 2.5%. The company’s lithium joint venture with POSCO has reached formal agreements, with completion now expected in the first half of FY2027. Net debt dropped to about A$4.5 billion at March 31.
Fortescue’s $1 Billion Court Test Arrives as Rio Tinto Locks In Pilbara Solar Deal
The Federal Court will rule Tuesday on compensation for the Yindjibarndi people over Fortescue’s Solomon Hub mine in Western Australia, with claims exceeding A$1 billion. Fortescue argues compensation should be capped at about A$8.1 million. The dispute follows a 2017 judgment affirming Yindjibarndi native title rights. Rio Tinto recently signed a solar energy deal with the Yindjibarndi ahead of the ruling.
Goodman Group Just Bought a Newark Brewery. The Real Prize Is Land, Power and Logistics
Goodman Group has acquired Anheuser-Busch’s former Newark brewery for about $360 million, securing 86 acres near Newark Liberty International Airport. Public filings show $317.4 million of the price attributed to land, $43.6 million to buildings. Anheuser-Busch shifted production and offered 475 affected workers roles elsewhere. Goodman plans to redevelop the site for logistics and data centers.
Woolworths Group’s 700-Store Recycling Comeback Lands as Trust Fight Deepens
Woolworths Group’s revived soft-plastics recycling program now runs in over 700 supermarkets across five Australian states, collecting about 40 million pieces since February. The scheme follows REDcycle’s 2022 collapse and comes as Woolworths faces ACCC allegations of misleading price claims and trims its 2026 earnings outlook. Coles and Aldi are also rolling out similar bins as the industry rebuilds collection systems.
Wesfarmers Stock Just Got Hit: Why Bunnings and Kmart Prices Are Back in Focus
Wesfarmers shares closed at A$72.25 on May 8, down 1.95%, as oil-driven cost pressures and freight surcharges weigh on the group. CEO Rob Scott warned some prices will rise, especially for building supplies tied to petrochemicals. The S&P/ASX 200 fell 1.51% Friday, its worst day since March, with Wesfarmers among the major drags. Brent crude settled at US$101.29 a barrel after fresh Gulf tensions.
Ripple XRP ETFs Hit $1.32B in Inflows — Why the Token Still Hasn’t Caught Up
U.S. spot XRP ETFs saw $6.04 million in net inflows on May 8, bringing total inflows to $1.325 billion since launch. Canary Capital’s XRPC was the only fund with net inflow that day, now totaling $438 million historically. XRP traded near $1.50, up 5.76% over 24 hours, with a market value of about $92.9 billion. Ondo Finance completed a cross-border tokenized U.S. Treasuries redemption using the XRP Ledger.
Telstra Group Limited’s $1.25 Billion Buyback Is Nearly Spent. Here’s What Investors Are Watching
Telstra disclosed A$12.2 million in additional share buybacks for May 8, bringing total spending to about A$1.08 billion under its current A$1.25 billion program. The buyback comes as Telstra raises mobile prices by up to A$5 a month. Shares closed at A$5.31 on May 8, down 0.38%. The next major update is due with annual results on August 13.
Australia Stock Market Week Ahead: ASX 200 Faces Budget, Wages and Oil Test
The ASX 200 dropped 1.51% to 8,744.4 points on Friday, erasing nearly A$50 billion from Australian equities ahead of a week packed with budget, wage, and confidence data. The Reserve Bank of Australia raised the cash rate to 4.35% on May 5, citing inflation pressures from higher fuel prices. Treasurer Jim Chalmers will deliver the federal budget Tuesday night, with A$2 billion earmarked for new housing supply.
UK Stock Market Today: FTSE 100 Faces GDP Test After Third Weekly Drop
The FTSE 100 closed Friday at 10,233.07, marking its third consecutive weekly decline. Investors await UK GDP data due Thursday, with energy prices and Middle East tensions weighing on sentiment. Sterling rose and gilt yields fell after Prime Minister Starmer confirmed he would stay in office. Vodafone, Greggs, Burberry, and National Grid are among stocks in focus this week.
Evolution Mining Share Price Jumps 7% in Week as Gold and Copper Rally Put EVN Back in Focus
Evolution Mining shares closed last week up 7.4% at A$13.05, outperforming other major ASX gold miners. The company reported A$406 million in March-quarter cash flow and moved to net cash of A$42 million, with no debt repayments due until FY29. Gold and copper production for the quarter reached 170,000 ounces and 11,000 tonnes, respectively. Evolution expects full-year gold output on track but copper at the low end of guidance.
PLS Group Limited (ASX:PLS) Shareholder Shake-Up: MUFG Filing Puts Lithium Stock Back in Focus
Mitsubishi UFJ Financial Group disclosed a 5.11% voting stake in PLS Group Limited, according to May 8 ASX filings. State Street also increased its holding to 9.77%. PLS reported record March-quarter production of 232,436 dry metric tonnes of spodumene concentrate and reaffirmed 2026 guidance. The company recently closed a US$600 million senior unsecured note issue due 2031.
Northern Star Resources Stock: $500 Million Buyback Runs Into One Hard Question
Northern Star Resources shares closed at A$21.16 Friday, down 2.49% and far below last year’s high, as investors weigh a A$500 million buyback against rising costs at its Kalgoorlie mill expansion. March-quarter gold sales reached 380,807 ounces at an AISC of A$2,709 per ounce. FY26 project capital at KCGM rose to up to A$700 million on cost inflation and construction delays.
Woodside’s $30 Billion Browse Gas Bet Hits Decision Point as Australia Eyes Bigger Tax Take
Woodside Energy’s $30 billion Browse gas project could face a federal decision as early as next month, according to government documents. The company has begun pre-FEED engineering and issued invitations to tender for floating production facilities. Treasurer Jim Chalmers said the Petroleum Resource Rent Tax will generate higher revenue than forecast, with no changes planned to existing tax rules.
ANZ Group Shares Go Ex-Dividend Monday as 83c Payout Tests Profit Turnaround
ANZ Group shares will trade ex-dividend on Monday, cutting off new buyers from the A$0.83 interim payout due July 1, partially franked at 75%. The bank reported a flat statutory first-half profit of A$3.65 billion, with cash profit up 6% to A$3.78 billion. ANZ closed May 8 at A$36.79, down 1.5%. CEO Nuno Matos said cost cuts are on track, with 78% of 3,500 planned job exits completed.
CSL Limited Share Price Faces New Test After A$1.06 Billion Buyback Ends
CSL Limited completed an on-market buyback of 6.4 million shares for A$1.06 billion, ending near a low point for its stock, which last closed at A$119.88. The buyback follows delays in the CSL Seqirus spin-off and weaker U.S. flu vaccine demand. Interim CEO Gordon Naylor took over after an 81% drop in first-half profit. U.S. military vaccine mandate changes have added pressure on CSL’s vaccine business.
Westpac Banking Corporation’s New RBA Call Points to Two More Rate Hikes
Westpac now expects the Reserve Bank of Australia to raise rates in August and September, not June and August, citing persistent fuel-driven inflation. The shift follows Westpac’s A$3.41 billion first-half profit miss and higher bad-debt provisions. The RBA lifted its cash rate to 4.35% on May 5, warning that fuel costs are feeding into broader inflation. Other major banks remain split on the timing of further hikes.
NAB’s Monday Deadline: National Australia Bank’s $1.8 Billion Capital Push Comes Due
National Australia Bank shareholders have until 5 p.m. AEST Monday to elect for the discounted dividend reinvestment plan, which aims to raise about A$1.8 billion after a weak half-year result. NAB will raise variable home-loan rates by 0.25 percentage point from May 15. Cash earnings for the half fell 26.3% to A$2.64 billion. The bank’s credit impairment charge doubled to A$706 million.
Commonwealth Bank of Australia Rate Rise Hits This Week as Borrowers Face Delayed Mortgage Pain
Commonwealth Bank of Australia will raise variable home loan rates by 25 basis points on Friday, lifting its standard owner-occupier rate to 8.80%. The move follows the Reserve Bank of Australia’s cash rate hike to 4.35% and comes ahead of CBA’s quarterly trading update on May 13. Other major banks, including Westpac and NAB, will also raise mortgage rates this month. Variable business loan rates at CBA will increase from May 15.
Macquarie Group Profit Surge Has One Catch Investors Can’t Ignore
Macquarie Group reported a 30% rise in full-year profit to A$4.85 billion, beating forecasts on strong commodity trading and asset sales. Profit for the six months to March 31 surged 93% to a record A$3.19 billion. The Commodities and Global Markets division’s net profit contribution jumped 49% to A$4.22 billion. Macquarie shares last closed at A$239.23 on Friday, down 1.09%.
BHP Group’s AI Iron Ore Fix Unlocks 1 Million Tonnes as Investors Chase Copper, AI Exposure
BHP’s AI-powered computer vision system in Western Australia has delivered nearly 1 million tonnes a year in extra iron ore output, according to Chief Digital Officer Mikko Tepponen. The technology cut crusher downtime by 20% and reduced disruptions by up to 60%. BHP shares last traded at A$57.95, down 0.97%. The company will release its next operational review on July 16.
AMD Stock Rally Hits a New Intel Problem After Apple Chip Deal Report
Intel shares jumped 13.9% after a Wall Street Journal report said the company reached a preliminary chip-making deal with Apple, though neither company confirmed the agreement. AMD closed up 11.4% following strong earnings and raised forecasts for AI server demand. Investors are watching how the Apple-Intel deal could affect AMD’s momentum and the broader U.S. chip market. U.S. markets were closed Sunday.