News 10 March 2026 - 11 March 2026

MercadoLibre Up After Earnings, One Key Metric Keeps Focus
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MercadoLibre Up After Earnings, One Key Metric Keeps Focus

MercadoLibre shares rose 2.9% to $1,696.17 in pre-market trading Thursday, valuing the company at about $86 billion. First-quarter net revenue surged 49% to $8.8 billion, but net income fell 15.6% to $417 million as operating margin slipped to 6.9%. Management said the margin squeeze is intentional, citing heavy investment in commerce and fintech. Brazil led growth, with items sold up 56% after shipping changes.
May 28, 2026
CSL Limited Breaks Ground on $1.5 Billion Illinois Plant as Turnaround Pressure Builds
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CSL Limited Breaks Ground on $1.5 Billion Illinois Plant as Turnaround Pressure Builds

CSL Limited has begun a $1.5 billion expansion of its Kankakee, Illinois, manufacturing site, aiming to add at least 300 jobs and boost plasma-derived therapy output by 2031. The move follows an 81% drop in first-half profit and recent leadership changes. CSL also repurchased 62,472 shares for about A$9.1 million on March 10. Shares closed at A$144.56 Tuesday, up 1.65% but near a 52-week low.
March 11, 2026
South32 Ltd Looks to Bypass China for Arizona Zinc as Hermosa Nears U.S. Approval
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South32 Ltd Looks to Bypass China for Arizona Zinc as Hermosa Nears U.S. Approval

South32 plans to send zinc from its $2.16 billion Hermosa mine in Arizona to North American smelters, not China, after a key U.S. Forest Service draft approval on March 6. The company signed a non-binding letter of intent with Teck Resources to supply its British Columbia smelter. The federal review runs through April 20, with a final decision expected in July. South32 says Hermosa could produce up to five critical minerals.
March 11, 2026
Telstra Group Limited warns Australia map rules could cut 1 million sq km from coverage claims
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Telstra Group Limited warns Australia map rules could cut 1 million sq km from coverage claims

Telstra warned Australia’s draft mobile coverage-map standard would mark areas used by 1.5 million customers a month as having no service, forcing it to remove about 1 million square km from its maps. The Australian Communications and Media Authority must finalize the rules by March 31, with implementation set for June 30. The ACCC supports stricter mapping, citing unreliable current maps and risks for consumers. Optus and TPG also weighed in on the proposed -115 dBm signal threshold.
March 11, 2026
Suncorp Pushes Ahead With Buyback After Storm-Hit Half, Sets A$14.32 DRP Price
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Suncorp Pushes Ahead With Buyback After Storm-Hit Half, Sets A$14.32 DRP Price

Suncorp Group bought back 1.19 million shares for A$17.17 million on Tuesday and set its interim dividend reinvestment price at A$14.32 per share. The insurer has now spent about A$223.9 million on buybacks, with A$176.1 million left to reach its A$400 million target for fiscal 2026. First-half cash earnings fell 67% after severe weather pushed natural-hazard costs to A$1.319 billion.
March 11, 2026
Pro Medicus Ltd locks in A$40 million U.S. renewals as MedStar adds heart-imaging tools
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Pro Medicus Ltd locks in A$40 million U.S. renewals as MedStar adds heart-imaging tools

Pro Medicus’ U.S. unit renewed two imaging software contracts totaling at least A$40 million, including a five-year, A$31 million extension with MedStar Health that adds heart-imaging tools, and a separate A$9 million deal with Zwanger-Pesiri. Both contracts were signed at higher per-transaction fees and expand the company’s presence in the U.S. market.
March 11, 2026
Northern Star Resources Ltd shares rebound with gold rally, but guidance cuts still loom
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Northern Star Resources Ltd shares rebound with gold rally, but guidance cuts still loom

Northern Star Resources rose 2.6% Tuesday as Australian gold stocks rebounded, with the gold index up 2.5% and the ASX 200 gaining 1.6%. The miner is still trading below January levels after cutting FY26 production guidance and raising cost forecasts due to operational issues. Spot gold climbed 1.9% to $5,231.79 an ounce. S&P Dow Jones Indices will add Northern Star to the S&P/ASX 20 on March 23.
March 11, 2026
NASA satellite crash today: Van Allen Probe A heads for Earth years earlier than expected
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NASA satellite crash today: Van Allen Probe A heads for Earth years earlier than expected

NASA's retired Van Allen Probe A was expected to re-enter Earth's atmosphere Tuesday evening, with debris possibly surviving the descent, according to the U.S. Space Force. NASA estimated a 1 in 4,200 chance of harm to people. The probe is returning years ahead of schedule due to increased atmospheric drag from solar activity. The exact timing and location of re-entry remain uncertain.
March 11, 2026
Wesfarmers Limited’s Bunnings Expands Auto Range With 500 New Products in Fresh Growth Push
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Wesfarmers Limited’s Bunnings Expands Auto Range With 500 New Products in Fresh Growth Push

Bunnings will add 500 automotive products and expand floor space for the category by 30% across Australia and New Zealand, raising its in-store range to over 1,200 items. The move intensifies competition with specialist auto retailers as Wesfarmers seeks to maintain growth amid uneven consumer spending. Wesfarmers shares rose 1.47% to A$75.46 on Tuesday. Bunnings generated A$10.7 billion in revenue in the half-year to December 31.
March 11, 2026
Santos Limited greenlights $357 million Moomba Central Optimisation project to cut costs, extend Cooper Basin gas output
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Santos Limited greenlights $357 million Moomba Central Optimisation project to cut costs, extend Cooper Basin gas output

Santos Limited and Beach Energy approved a $357 million investment to overhaul the Moomba gas hub in South Australia’s Cooper Basin, replacing seven compressor stations with a single electric-driven facility. Santos expects over $600 million in savings and a 40,000-tonne annual cut in Scope 1 emissions. The project’s economics partly depend on finalising a gas supply deal with South Australia. Completion is targeted in three years.
March 11, 2026
Fortescue Ltd Completes Alta Copper Deal, Deepening Peru Copper Bet
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Fortescue Ltd Completes Alta Copper Deal, Deepening Peru Copper Bet

Fortescue Ltd has acquired all remaining shares of Alta Copper for C$1.40 each, valuing the Peru-focused copper developer at about C$139 million. Alta shares will be delisted from Toronto, Lima, and OTCQX exchanges. Fortescue’s Cañariaco copper project in Peru is not expected to start production until next decade. The company posted a 23% rise in first-half profit to $1.91 billion in February.
March 11, 2026
Macquarie hires former Ares executive Eli Appelbaum for EMEA lending push as private credit strains deepen
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Macquarie hires former Ares executive Eli Appelbaum for EMEA lending push as private credit strains deepen

Macquarie Group has hired Eli Appelbaum from Ares Management to lead its EMEA lending and asset finance business as it expands private credit operations in the region. The firm recently funded AI infrastructure projects, including a €117 million commitment to Polarise’s Munich data center. Macquarie reported less than £50 million exposure to the collapsed UK lender Market Financial Solutions. Industry defaults and fund withdrawals have increased.
March 10, 2026
ANZ Group Holdings to Reopen Chinchilla Branch as Pressure Builds on Big Banks to Keep Regional Services
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ANZ Group Holdings to Reopen Chinchilla Branch as Pressure Builds on Big Banks to Keep Regional Services

ANZ Group will reopen its Chinchilla branch in regional Queensland in the second half of 2026, following the closure of the town’s Suncorp Bank agency on May 29. The move comes after ANZ’s A$4.9 billion purchase of Suncorp Bank and amid government restrictions on regional branch closures until July 2027. ANZ said it will support Suncorp customers during the transition.
March 10, 2026
NASA Satellite Crash Alert: Van Allen Probe A Set for Earth Re-Entry With Low Risk to People
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NASA Satellite Crash Alert: Van Allen Probe A Set for Earth Re-Entry With Low Risk to People

NASA said its defunct Van Allen Probe A satellite, weighing 1,323 pounds, is expected to re-enter Earth’s atmosphere around 7:45 p.m. EDT Tuesday, with some debris likely to survive. Officials say there is no targeted landing area and the exact timing remains uncertain. The mission ended in 2019, years earlier than planned, after increased solar activity accelerated the craft’s descent. NASA maintains the risk to the public is low.
March 10, 2026
Westpac Banking Corporation Sees Consumer Sentiment Lift, but Late-Week Drop Sets Up RBA Test
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Westpac Banking Corporation Sees Consumer Sentiment Lift, but Late-Week Drop Sets Up RBA Test

Australian consumer sentiment rose 1.2% in March, but late survey responses showed a sharp drop as Middle East tensions escalated, Westpac said Tuesday. The Westpac-Melbourne Institute index reached 91.6, while a rival ANZ-Roy Morgan measure fell to 73.4, its lowest since July 2023. Westpac reported A$1.9 billion in unaudited December quarter profit, but flagged housing supply and inflation as ongoing concerns.
March 10, 2026
National Australia Bank Survey Shows Australian Business Confidence Turns Negative After RBA Hike
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National Australia Bank Survey Shows Australian Business Confidence Turns Negative After RBA Hike

Australian business confidence fell to -1 in February, its first negative reading in 11 months, according to NAB’s monthly survey, while business conditions stayed at +7 and sales rose. The decline followed the Reserve Bank of Australia’s Feb. 3 rate hike to 3.85%. NAB’s first-quarter cash earnings climbed 16% to A$2.02 billion as business banking volumes increased. Inflation pressures persisted, with purchase and labour costs up 1.5% for the quarter.
March 10, 2026
Commonwealth Bank of Australia Says Wage Growth Held at 3.1% Ahead of RBA Rate Call
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Commonwealth Bank of Australia Says Wage Growth Held at 3.1% Ahead of RBA Rate Call

Commonwealth Bank of Australia reported internal wage growth steady at 3.1% for the year to February and about 21,000 jobs added last month. The Reserve Bank meets March 16-17, with markets pricing a 50% chance of another rate hike after February’s increase to 3.85%. Major banks have already passed on higher rates to home-loan customers. CBA’s data shows stable wages despite a tight labor market.
March 10, 2026
BHP Group Ltd Succession Spotlight Sharpens as Geraldine Slattery Emerges in Twin CEO Race
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BHP Group Ltd Succession Spotlight Sharpens as Geraldine Slattery Emerges in Twin CEO Race

BHP Australia President Geraldine Slattery is under consideration to succeed BHP CEO Mike Henry and is also a contender for the top job at Woodside Energy, according to reports from The Australian and Reuters. Woodside is interviewing candidates and plans to name a CEO in early 2026. BHP has not commented on succession. The miner’s next production update is set for April 22.
March 10, 2026
CoreWeave rolls out flexible AI cloud pricing after capex selloff rattled investors
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CoreWeave rolls out flexible AI cloud pricing after capex selloff rattled investors

CoreWeave launched Flex Reservations and Spot instances Tuesday, expanding its AI cloud offerings as it ramps up spending to $30–$35 billion in 2026. Shares rose 0.7%. The company’s revenue backlog reached $66.8 billion at the end of 2025, but management warned the rapid build-out will pressure margins. Flex Reservations is in preview; Spot is generally available.
March 10, 2026
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Stock Market Today

  • Animoca Brands Expands AI Trading Vision with Strategic Investment
    May 28, 2026, 6:23 AM EDT. Animoca Brands, a leader in digital entertainment and blockchain gaming, has expanded its AI trading capabilities through a new strategic investment. The move aims to enhance its presence in the automated trading sector, integrating artificial intelligence to optimize trading strategies. This expansion reflects Animoca's commitment to leveraging AI technology to drive innovation in financial markets. The strategic backing signals increased confidence from investors in the growth potential of AI-driven trading platforms within the broader digital ecosystem.