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Caterpillar to Acquire Australia’s RPM Global for $730 Million
By David Winning
SYDNEY--Mining software company RPM Global said it has agreed to a takeover by U.S. giant Caterpillar that values its equity at some 1.12 billion Australian dollars (US$730 million).
RPM Global said Caterpillar is offering A$5.00 per share in cash. That represents a 33% premium to RPM Global's share price on Aug. 28, just before it announced Caterpillar was interested in acquiring the company.
Denise Johnson, Caterpillar's president of Resource Industries, said RPM Global's software complements its own technologies, especially in areas such as asset management, fleet management and autonomy.
"Together, we have the potential to enhance mine site operations for our customers, unlocking even greater value," Johnson said.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
October 12, 2025 17:50 ET (21:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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Researchers Finally Identified Where Gluten Reactions Begin : ScienceAlert
For roughly one in every hundred people, even tiny amounts of gluten can trigger severe symptoms and pose serious health risks.
While a domino effect of immunological reactions can be traced back to their genetic roots, multiple contributing…
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‘Phantom of the Opera’ West End performer was 46
Ben Lewis, who played the Phantom in the long-running “Phantom of the Opera” production in London’s West End, has died. He was 46.
Tributes from the British-Australian actor’s friends and fans around the world filled an online tribute page, shared…
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Google apps on iOS get Account menu redesign
Following Android, most Google apps on iOS now have the redesigned Google Account menu and switcher.
Previously, tapping the profile picture in the top-right corner of every Google application would open a floating window…
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IceCube reports on its most comprehensive neutrino search
High above the ice at the South Pole, a detector the size of a city block listens for some of the quietest messengers in the universe. In its latest analysis, the IceCube Collaboration combined 14 years of track data and 10 years of cascade data…
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Daredevil Delivers A New Style Of DPS To ‘Marvel Rivals’
Halfway through season 4, Hell’s Kitchen’s Man Without Fear is making his Marvel Rivals debut. As the newest melee duelist, his arrival makes Season 4 the season of the melee characters, as his predecessor, Angela, also…
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Glaciers Are Fighting Against Climate Change – But They Are Losing the Battle – SciTechDaily
- Glaciers Are Fighting Against Climate Change – But They Are Losing the Battle SciTechDaily
- Mountain glaciers recouple to atmospheric warming over the twenty-first century Nature
- Study reveals glaciers’ self-cooling abilities will peak this…
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Bank warning after ANZ customer blocked from account after ignoring message: ‘Declined’
ANZ customer Chloe Ferrari was blocked from her bank account after she ignored requests to provide her information, believing it was a scam. (Source: TikTok, @chloefferrari/Getty) An ANZ customer was left unable to pay for a coffee after she ignored a seemingly “suspicious” text message from the major bank. Aussies have been warned that if they dismiss these types of requests from their bank, they could end up blocked from their accounts.
Banks will reach out to their customers from time to time asking them to confirm their personal details. This is part of industry-wide Know Your Customer or KYC requirements which were introduced in recent years to help combat fraud.
An ANZ spokesperson told Yahoo Finance these simple messages to customers are a regulatory requirement, which comes under the Anti-Money Laundering and Counter-Terrorism Financing Act.
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“Under regulatory guidelines, banks are required to verify and regularly update customer information to help prevent fraud, money laundering, and other financial crimes,” the spokesperson said.
“This process generally involves customers confirming or updating their contact details within a specified timeframe.”
Online creator Chloe Ferrari was recently blocked from her ANZ bank account for ignoring the request.
“I was getting multiple text messages from ANZ saying if you don’t click this link and confirm your details, then all withdrawals from your account are gonna be blocked,” the Melbourne woman said.
ANZ’s messages will generally let customers know they need them to complete its ‘Know Your Customer requirements’ and may ask them to log into their internet banking or app and follow the prompts.
Do you have a story to share? Contact tamika.seeto@yahooinc.com
Ferrari has been a customer of ANZ since she was 13 and, thinking it was a scam, ignored the messages.
“The day comes, the day that they say my account’s going to be blocked… I go to pay for my coffee… declined. Declined, $6.40,” she said.
“Yeah, my account is fully blocked. It actually was ANZ, they did just wanna confirm my details.
“But anyways it was ANZ, my fault.”
Ferrari shared the story on social media with many other Aussies saying they’d received similar messages and also assumed it was some kind of scam.
“The exact same thing happened to me. Totally thought a scam till I couldn’t pay for my groceries. Called them and it really was them, been with them over 15 years and never had to before,” one person commented on her video.
“Omg that happened to me so I rang and the lady said it’s a real thing,” another said.
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Week Ahead for FX, Bonds: Eyes on U.S. Government -2-
The MAS uses the exchange rate as its policy tool to curb inflation and support growth, given Singapore’s trade-dependent economy. Separately, Singapore will also release its September nonoil domestic exports data on Friday.
Malaysia
Malaysia will release third-quarter advance GDP figures and September trade data. Economic growth likely slowed to 4.3% in the third quarter from 4.4% in the previous quarter, as leading indicators point to weaker private consumption and softer imports of consumer goods, ANZ economists said.
While business approvals rose sharply in the first half, sentiment weakened in the third quarter across manufacturing and services, and slower capital goods imports suggest softer investment growth. Nominal imports fell faster than exports, likely improving net export slightly, though external demand remains subdued, ANZ added. The bank maintained its full-year growth forecast at 4.3%.
Malaysia's export growth may remain subdued in September amid global uncertainty and U.S. tariffs imposed in August, said TA Securities analyst Farid Burhanuddin. However, Malaysia's diversified export base, particularly strong trade ties with Asean, China, and other emerging markets, should help offset weaker U.S. demand, he added.
India
India will release inflation data on Monday, which is widely expected to show that price growth has resumed cooling after an uptick in August. A CPI print below the central bank's target could fuel expectations for more rate cuts ahead.
DBS economists forecast headline inflation to have eased to 1.5% on year in September from 2.1% the month before, taking the quarterly average slightly below the RBI's projected 1.8%.
"Global energy prices have also been subdued, offsetting the spillover risks from a weak rupee, while precious metals continue to stay buoyant," they said.
Wholesale price index data on Tuesday will round out the inflation picture. On Wednesday, attention will turn to trade figures for September, as India remains in talks with the U.S. over tariffs. DBS economists expect exports to moderate, leaving the trade deficit wide at $24 billion.
Any references to days are in local times.
Write to Emese Bartha at emese.bartha@wsj.com and Jihye Lee at jihye.lee@wsj.com
(END) Dow Jones Newswires
October 12, 2025 17:14 ET (21:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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