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By Scott Murdoch (Reuters) -Australia's corporate regulator on Tuesday approved Cboe Global Markets' bid to list new companies on its local exchange, ramping up direct competition with the Australian Securities Exchange (ASX) in the country's tough initial public offering (IPO) market. Cboe Australia, the local unit of the Chicago-headquartered exchange operator, can now list new companies, offering investors increased access to investment options such as initial public offerings and dual-listed foreign entities. ASX shares fell as much 2% to the lowest since mid-June 2024 as it faces ongoing regulatory scrutiny into its beleaguered operations. The stock closed at A$58.96, down 1.35%, while the S&P/ASX200 was off by 0.3%. The Australian Securities and Investments Commission (ASIC) launched an investigation in June into the ASX, following years of tension over a failed software upgrade and recurring trade-processing glitches. Australia's central bank said last month the ASX needed to implement major cultural and governance improvements after a 2024 trading settlement failure. "This move will provide more choice for companies to list in Australia, build more links to offshore markets and create more options for investors," ASIC Chair Joe Longo said in a statement. Heightened competition in Australian equities markets has already led to reduced trading costs and broader access to products like exchange-traded funds (ETFs), the regulator said. The ASX said it supported competition which helped to strengthen Australian's capital markets and said it already competed with CBOE in some trading categories. "Public markets play a critical role in supporting companies to raise capital for growth opportunities, and we're confident in the strong value proposition that ASX provides," ASX said in an emailed statement to Reuters. Listing fees are a major revenue source for the ASX, which in the last financial year earned A$208 million ($137.30 million) from listings, the results released in August showed. IPO fees earned in the year fell from $A20 million to $A18.9 million, according to the results. There has been $1.3 billion worth of IPOs in Australia so far this year, according to LSEG data, up from $382.6 million at the same time last year. Desite the jump, most of the funds raised in 2025 have come from just two IPOs – Virgin Australia and Gemlife – which raised almost $950 million combined. CBOE Australia currently has 20% of Australia's equity market turnover, representing almost A$2 billion of trades each day, ASIC said. CBOE Australia told Reuters in an emailed response that it was pleased to have received the regulator's approval. It operates exchanges in the U.S., Canada and the Netherlands alongside its Australian operations, according to its website. There are now four markets, including Cboe, licensed to list securities in Australia: ASX, National Stock Exchange of Australia (NSX) and Sydney Stock Exchange (SSX), ASIC said. ($1 = 1.5142 Australian dollars) ($1 = 1.5149 Australian dollars) (Reporting by Scott Murdoch in Sydney, additional reporting Adwitiya Srivastava in Bengaluru; Editing by Shailesh Kuber, Sam Holmes, Subhranshu Sahu and Kim Coghill)

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By Rocky Swift TOKYO (Reuters) -The yen weakened to a two-month low against the dollar on Tuesday as attention in Japan turned to who may join the administration of fiscal dove Sanae Takaichi after her party leadership victory. With the yen also trading at an all-time low against the euro, Japan's finance minister said authorities were watching out for excessive moves in currency markets. Takaichi, expected to become Japan's next prime minister, chose former premier Taro Aso as vice president of her ruling party. The euro remained on a fragile footing following the resignation of France's prime minister and statements by European Central Bank officials that a rate cut may be necessary. Traders will be on watch for speeches from Federal Reserve policymakers later in the day as a U.S. government shutdown squelches other data signals. As markets await more clarity on how Takaichi will structure her government, Japanese officials may try to talk the yen down from recent extremes, said Bart Wakabayashi, the Tokyo branch manager of State Street. "We'll see if the expected policies that she is tied to will come through," Wakabayashi said of Takaichi. The 150 yen per dollar mark is "a very important level, psychologically and economically." "From an economic and corporate competitive perspective, where is the Bank of Japan and the Ministry of Finance comfortable? I do believe it's at a lower level," he added. The yen slid 0.1% to 150.46 per dollar and earlier touched 150.62, the weakest level since August 1. Japan's currency also skidded to 176.35 per euro, a fresh all-time low, before rebounding slightly. Takaichi was considered to be the most dovish among five candidates in Japan's Liberal Democratic Party race on Saturday to replace hawkish Prime Minister Shigeru Ishiba. Along with her appointment of Aso to her inner circle on Tuesday, she chose former finance minister Shunichi Suzuki as secretary-general of the LDP. There remains considerable uncertainty if Takaichi, as prime minister, will be able to fully implement her agenda of looser fiscal and monetary policy, said Carl Ang, a fixed income analyst at MFS Investment Management. "One consideration is fiscal conservative Taro Aso and his faction, which were instrumental to Takaichi’s success at the LDP leadership election," Ang added. Reacting to the yen's swoon, Japanese Finance Minister Katsunobu Kato on Tuesday reiterated that currencies should move in a stable manner reflecting fundamentals.  A closely watched auction of 30-year Japanese government bonds went smoothly on the day, after yields on the debt jumped to a record high. The euro slid against the dollar and the pound in the previous session after France's new Prime Minister Sebastien Lecornu and his government resigned on Monday. The ECB may need to reduce borrowing costs slightly if the risk of inflation going too low increases, but interest rates are appropriate now, the central bank's top brass said on Monday. The dollar index, which measures the greenback against a basket of currencies, rose 0.1% to 98.23. The euro slid 0.1% at $1.1694, after a 0.3% drop on Monday. Sterling weakened 0.1% to $1.3463. The White House on Monday backed off President Donald Trump's assertion that government employees were already being laid off due to the shutdown, but warned job losses could result as the standoff looked set to stretch into a seventh day. The shutdown delayed last Friday's closely watched monthly jobs report for September and is set to postpone other key releases until the government reopens. Market attention is now focused on the Fed itself for signs of the timing and extent of more easing. Fed Vice Chair for Supervision Michelle Bowman and newly installed fellow Governor Stephen Miran are due to speak later on Tuesday, while Wednesday brings minutes from the Federal Open Market Committee's meeting for September. Markets are pricing in additional 25 basis-point rate cuts in both October and December, with probabilities of 92.5% and 81.5%, respectively, according to the CME FedWatch tool. The Australian dollar weakened 0.1% to $0.6608, while New Zealand's kiwi fell 0.3% to $0.5822. In cryptocurrencies, bitcoin fell 0.7% to $124,334.94, and ether rose 0.5% to $4,713.78. (Reporting by Rocky SwiftEditing by Shri Navaratnam and Sam Holmes)

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MUMBAI (Reuters) -The operator of India's popular unified payments interface (UPI) is the first payments system partner onboarded on PayPal's platform PayPal World, CEO Alex Chriss said on Tuesday. (Reporting by Ashwin Manikandan in Mumbai; Editing by Sonia Cheema)

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