Stuart Condie

Octopus will own almost 14% of the separated Kraken, which counts EDF among its customers.

SYDNEY—British renewable-energy startup Octopus Energy will spin off utility management platform Kraken Technologies at a valuation of $8.65 billion. Octopus raised $1 billion in its first stand-alone funding round for Kraken, an artificial-intelligence p... See more

SYDNEY—ANZ Group will pay the largest combined penalties ever secured by Australia’s corporate regulator, over risk failures and widespread misconduct including in the handling of a US$9.26 billion government bond sale. The Australian Securities and Inves... See more

SYDNEY—Australia’s will cut shipments in China and the U.S., strip out costs and exceed its debt-leverage target for up to two years due to lower industrywide demand. The owner of Penfolds and luxury California producers Daou and Frank Family Vineyards sa... See more

SYDNEY—Australia’s stock-exchange operator’s response to its serious and repeated failings has been compromised by its focus on shareholder returns, the country’s securities operator said. The Australian Securities and Investments Commission on Monday sai... See more