Australia Financial News

Cash-strapped fast-charging company Tritium will close its Brisbane factory and consolidate its operations in the United States to save itself.

Qantas supplied the competition regulator with details of more than 10,000 flights it had cancelled three days before its chairman, Richard Goyder, allowed former chief executive Alan Joyce to sell shares worth $17 million.

National Australia Bank lifted cash profit by 8.8 per cent to $7.7 billion for the 2023 financial year and boosted its final dividend to 84¢ a share, but pointed to a “more challenging environment” in its second half and for 2024.

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West Australia’s Wildcat Resources was rounding up investors for an $80 million equity injection on Thursday morning, a little over a week after Chris Ellison’s Mineral Resources picked up a 19.85 per cent stake in the company.

(This story originally appeared in on Nov 07, 2023)

Asian share markets rallied on Thursday and the dollar was weaker after most U.S stocks edged higher and the S&P 500 recorded its longest winning streak in two years, with investors on high alert for signs that global interest rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, although up 4.6% so far this month. The yield on benchmark 10-year Treasury notes reached 4.5059% compared with a U.S.

US Federal Reserve officials and softer labor data led to growing expectations the central bank had reached the end of its rate-hike cycle. On Wednesday, the domestic equity markets closed with nominal gains amid mixed global cues. The Sensex ended 33.21 points, or 0.05%, higher at 64,975.61, while the Nifty 50 gained 36.80 points, or 0.19%, to settle at 19,443.50.

World Cup titles during a 241-match career. A winner of two ICC Women's Cricket World Cup trophies and five ICC Women's T20 World Cup titles, Lanning bows out of the game at the age of 31 having amassed more than 8000 runs across all formats for her country.

euro was near a 15-year high on the yen and was firm against the dollar on Thursday, following hawkish remarks from European policymakers and the prospect of falling energy prices. At $1.0703 the common currency withstood a rising greenback after the European Central Bank's chief economist said he had not seen enough progress in taming inflation. Overnight, the euro touched its highest since 2008 at 161.73 yen, having broken out since the Bank of Japan left short-term rates on hold last week as investors see the pair as safer than navigating the risk of an intervention in dollar/yen. The euro is also up 0.5% this week to 87.14 pence. Ireland's central bank chief Gabriel Makhlouf said on Wednesday further interest rate hikes should not be excluded, something markets do not expect at all, while Bundesbank President Joachim Nagel said the «late mile» to the inflation target may be the toughest. «While the market has been focusing on the prospects of rate cuts from (G10 central banks) next year, many of the respective central bankers have been pushing back against this speculation,» said Rabobank senior strategist Jane Foley. «As long as inflation remains above target, policy makers are likely to want to keep alive the risk of further tightening particularly since a significant drop in market rates could worsen inflationary risks.» The unloved yen failed to get much of a boost from a fall in U.S.

Onafriq is using Ripple’s crypto-enabled payments technology to open up three new payments corridors between Africa and the rest of the world.Customers of PayAngel in the UK, Pyypl in the Gulf Cooperation Council, and Zazi Transfer in Australia can use the technology for remittance and business payments to recipients in 27 countries across Onafriq’s pan-African network.The firms say that their partnership will bring faster, more efficient, and cost-effective international money transfers to Africa, accelerating financial inclusion across the continent.Dare Okoudjou, CEO, Onafriq, says: “Our mission is to make borders matter less when it comes to payment within, to, and from Africa.

India vs Pakistan, ICC World Cup 2023: India has been great in ICC World Cup 2023 as the Rohit Sharma-led squad finished on the top of points table. South Africa and Australia are in second and third position, while New Zealand, Pakistan, and Afghanistan will fight the battle for the last berth in the semi-finals. With one semi-final between South Africa and Australia almost finalized, the suspense remains on India's possible opponent and the heart of Indians obviously want it to be our biggest rival Pakistan.

Crypto payments giant Ripple has partnered with fintech Onafriq for cross-border payments between Africa and the rest of the world.

Glenn Maxwell against an emerging Afghanistan team in the ICC World Cup has left the cricket world astonished as the Aussie batsman singlehandedly chased down 292 after the team slumped to 91 for seven in 18.3 overs. Maxwell finished his highest ODI knock and slammed his first-ever ODI double-century as the cricketer hit 21 fours as well as 10 sixes. Indian batsman and former captain Virat Kohli took to his Instagram and wrote: «Only you could do this.

Australia's second-largest internet provider, Optus, came when her cat's wifi-powered food dispenser failed to serve breakfast at 6:10 a.m. and her pet woke her. For disability pensioner Chris Rogers, who needs painkillers for a knee injury that prevents him from working, the problem became apparent when he drove 30 minutes to the pharmacist and his electronic prescription could not be filled.

physiotherapist, Nick Jones, played a crucial role in Glenn Maxwell's remarkable World Cup knock against Afghanistan on Tuesday night. Despite suffering from multiple cramps, Maxwell pushed through and delivered an unbeaten 201 runs, propelling Australia into the semifinals. Jones, who has been working with the Australian team for the past two years, knew that the key to Maxwell's success was to minimize his running and focus on his shots.

ICC World Cup 2023: Australia's all-rounder Glenn Maxwell single-handedly took his team to the semi-finals as he crushed Afghanistan with an unbeaten 201. Australia was in a dire position at 91/7 and Afghanistan almost took the game home when the Big Show arrived on the crease and he was just unstoppable. Despite injuries, Glenn Maxwell kept slamming boundaries and finally took his team to victory.

Only sunscreen and XXXX Gold in Christmas presents this year for KKR dealmakers, who are about to spend their summer doing due diligence in Queensland.

National Australia Bank, ANZ and Westpac have lifted interest rates for borrowers after the Reserve Bank raised the official cash rate by 0.25 of a percentage point on Tuesday to 4.35 per cent.

Origin Energy’s biggest shareholder, AustralianSuper, has been described as “the worst climate blocker since Clive Palmer” after the fund resolved to reject a near-$20 billion takeover bid for the electricity and gas supplier.

Magellan Financial shareholders have registered a large protest vote against the fund manager’s board, with the company’s new chairman, Andrew Formica, urging investors to focus on the company’s strong balance sheet and its plans for the future.