Australia Financial News

Investing.com-- The Japanese yen fell sharply on Tuesday after the Bank of Japan maintained its ultra-dovish stance and offered no cues on a planned pivot, while broader Asian currencies were muted as a post-Federal Reserve rally cooled. 

When asked directly what would drive them to take a new job, employees’ answers are focused on functional factors, with pay the overwhelming top choice, followed by benefits and perks, work/life balance, work they enjoy and care about, and better career learning opportunities, finds a survey of 11,000 employees from eight countries (US, Canada, UK, France, Germany, Australia, Japan, and India) conducted by Boston Consulting Group (BCG).

Today, the industry comprises only 4 crore unique investors who have around 15 crore folios. MF AUM as a percent of GDP stands currently at 14%. In comparison, countries like China (23%), South Africa (45%) and Brazil (72%) are significantly ahead. Developed markets like the US, France and Australia stand north of 100% on this metric. Clearly more than 4 crore people in India can invest in mutual funds. Over 50 crore people have an OTT subscription, over 25 crore ordered food online last year and over 20 crore have shopped online. I would argue that all these people can certainly start a Rs 500 monthly SIP in mutual funds. At a very conservative estimate, at least 20 crore people in India can be mutual fund investors. Affordability is not the issue. So why are more people not investing in one of the most transparent, well-regulated investment opportunities in the country? I am certain that everyone who is ordering food online is aware of mutual funds and can invest, but for some reason many do not take the next step of considering it as an investment avenue. Why?

Japan’s Prime Minister Fumio Kishida has pledged to lead efforts to simultaneously achieve decarbonization, economic growth and energy security in Asia

By Scott Murdoch and Melanie Burton

Australian financial services firm Macquarie is looking to enter the credit space in India by launching a non-banking financial company (NBFC) as part of an electric vehicle (EV) platform it is planning to set up in the country. The NBFC will help commercial fleet operators avail credit and address a major gap in India’s EV ambitions, two people aware of the matter said. Macquarie will soon apply for a licence with the Reserve Bank of India (RBI), the two people said.

By Rae Wee

NEW DELHI : Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, on Monday announced a complete integration of the acquired Vitaris’ biosimilars business in 120 countries, a year ahead of schedule. The firm had acquired the American pharmaceutical company’s biosimilars business in November 2022.

Josh Hazlewood, who has been tipped to create ripples in auction room, will be available for IPL 2024 only from the first week of May, as per the BCCI intimation to the teams. Hazlewood, who played an integral role in Australia's recent ODI World Cup win, will be away in March and April as the pacer and his wife are expecting their first child. Hazlewood, who was released by the Royal Challengers Bangalore, has been bracketed in the top-of-the-line Rs 2 crore base price category in the player auction to be held in Dubai on Tuesday.

Biocon Biologics completes integration of Viatris' biosimilar business in 120 countries Biocon Biologics on Monday said it has completed integration of the acquired Viatris' biosimilar business in 120 countries, a year ahead of schedule. The company said over 10 emerging markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe. Around 70 emerging markets were integrated in July, the North America business transitioned in September and the European business in November. Biocon Biologics has made several key leadership appointments, built new capabilities and infrastructure from the ground up and set up dedicated teams to address the growing needs of patients and customers through self-led and partner or distributor-led commercial models. Biocon Biologics will now have a commercial footprint across 120 countries with a direct presence in the US, Canada, Europe and 9 key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

India vs South Africa, 2nd ODI: Team India pacers Arshdeep Singh and Avesh Khan entered the world of One Day International (ODI) cricket with a bang as the 'dangerous' South African batters collapsed against the two young seamers. KL Rahul-led young Team India won the first ODI with 8 wickets and will look to seal the series on Tuesday. As KL Rahul looks to recover from the scars of a 0-3 series defeat in 2022, the second ODI will also see one new face as Rajat Patidar or Rinku Singh are preparing for their ODI debut.

FanCode will exclusively livestream the latest edition of Dream11 Super Smash 2023-24, New Zealand's T20 league beginning on December 19, 2024, the company said on Monday. The Super Smash features six men’s and women’s teams.

fire-charred decade. In polls of 12 rich countries by Pew, an American think-tank, the share of respondents who said it was a “major threat" rose in every country except South Korea, where it was already high (see chart 1). Clear majorities everywhere bar Israel agreed with this description.

Mumbai Indians replaced Rohit Sharma as the captain and named Hardik Pandya as the new captain. Coming back to the IPL 2024 auction, as per statement issued by the IPL, “Out of 333 players, 214 are Indians and 119 are overseas players of which 2 players are from associate nations.

₹15.00 cr net in India. With this, the film has crossed ₹500 mark in India collection, Sacnilk.com report shows the film has collected a total of ₹512.94 crore in India net. The report also showed that the film saw an overall 24.97 percent occupancy in Hindi language while 24.27 percent in Telugu language.

BOJ) kicked off its two-day monetary policy meeting, with traders nervously awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose monetary settings. In the broader market, currencies started the week on a cautious note after large swings last week mainly driven by a slew of central bank meetings, which included rate decisions from the Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE). The yen fell 0.2% to 142.41 per dollar in early Asian trade, reversing some of the nearly 2% gain it made last week on the back of the dollar's decline. The Japanese currency has had a volatile few weeks as markets struggle to get a grip on how soon the BOJ could phase out its negative interest rate policy, with comments from Governor Kazuo Ueda earlier this month initially sparking a huge rally in the yen. That was later reversed on news that a policy shift was unlikely to come as early as December, and investors now await Tuesday's BOJ decision for further clarity on the bank's rate outlook. «The meeting will be relevant and important in terms of what the BOJ does, and there are some in the market that still expect that maybe there's a surprise,» said Rodrigo Catril, senior FX strategist at National Australia Bank. «We tend to lean to the idea that they're still on wait-and-see mode… for more evidence, in particular the labour market and wages growth are rising towards the 2% level, at the minimum. »The best case scenario would be for the bank to set the stage for things to come in 2024, conditional on these economic outcomes being delivered." Against the euro, the yen edged 0.1% lower to 155.11.

Analysts said the coming weeks will see the direction of the market influenced significantly by the flow of funds from foreign investors. Here's breaking down the pre-market actions: STATE OF THE MARKETS

Justin Roiland to the mind-bending plots that have unfolded, the latest season has been a rollercoaster of emotions. As the finale, titled 'Fear No Mort,' approaches, let's delve into the details, ensuring you don't miss the epic conclusion.

Australia has announced the a new «Skills in Demand» visa. This new visa, set to replace the Temporary Skills Shortage (Subclass 482) visa, will offer three distinct pathways designed to attract temporary skilled migrants vital to Australia's national productivity.

Christmas in Mumbai is when you see nuns buying dried fruit at Crawford Market. Like many other Christmas cake bakers, they clearly believe that the best-dried fruit, in quality and value, is still found among the vendors here. Dried fruit is intrinsic to Christmas, whether in cake, pudding or mince pies, where ‘mince’ means chopped-up dried fruit.

India vs South Africa, 1st ODI: After delivering a strong performance in the 3rd T20 international against Proteas, Team India is all set for the 1st One Day International (ODI) against South Africa at Wanderers Stadium in Illovo, Johannesburg. The selectors have made some last-minute changes in the ODI team and let's see if the young Team India under KL Rahul can make some impact in the absence of senior players like Virat Kohli and Rohit Sharma. Ahead of the ICC World Cup 2023, KL Rahul successfully led Team India in the ODI series against Australia.