Australia Financial News

Boards have been warned to consider the toll on the natural environment from the way they do business as part of directors’ duties under the Corporations Act.

Fresh from a capital injection from the billionaire Forrest family, Australian fashion designer Camilla Franks has taken a $20 million-plus payday from her eponymous resort-wear brand.

London | The federal government is reluctant to step in with a bailout for Tritium, the embattled maker of electric vehicle chargers, while the company’s managers and investors are still working out next steps, Industry Minister Ed Husic has said.

US Fed outcome. Markets would react to the Fed's interest rate decision and economic data to be released during the day. «The comments from Chair Jerome Powell will take the spotlight as it will provide insights into Fed’s next move. Also, investors would watch out for BOE’s interest rate decision to be announced on Thursday,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded lower by 33.5 points, or 0.17 per cent, at 19,218.50, signaling that Dalal Street was headed for positive start on Thursday.

US Federal Reserve kept interest rates unchanged. Hopes that the US central bank is done with rate hikes fueled optimism among investors. The domestic equity indices ended lower on Wednesday, extending their losses for the second consecutive session.

World Cup 2023 match at Wankhede Stadium, Mumbai. The India vs Sri Lanka Mumbai ODI is a day-night match starting at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

Love Island Games is set to premiere on November 1, 2023, at 9 p.m. ET on Peacock. The episode will be available for live streaming and later viewing. For viewers on the west coast, it will air at 6 p.m. PT and at 8 p.m. CT for Midwesterners. To watch Love Island Games on Peacock, tune in at 9 p.m. ET, with a total of 17 episodes in this season. New episodes will be released from Sundays through Fridays at the same time, excluding Saturdays. The finale is scheduled for Monday, November 20, 2023. Throughout the month of November, keep your evenings open to catch up on the Islanders' drama. The episode release schedule is as follows: Episode 1 – Wednesday, Nov. 1 Episode 2 – Thursday, Nov. 2 Episode 3 – Friday, Nov. 3 Episode 4 – Sunday, Nov. 5 Episode 5 – Monday, Nov. 6 Episode 6 – Tuesday, Nov. 7 Episode 7 – Wednesday, Nov. 8 Episode 8 – Thursday, Nov. 9 Episode 9 – Friday, Nov. 10 Episode 10 – Sunday, Nov. 12 Episode 11 – Monday, Nov. 13 Episode 12 – Tuesday, Nov. 14 Episode 13 – Wednesday, Nov. 15 Episode 14 – Thursday, Nov. 16 Episode 15 – Friday, Nov. 17 Episode 16 – Sunday, Nov. 19 Episode 17 – Monday, Nov. 20 Former cast members from Love Island USA, Love Island UK, Love Island Australia, and more are coming together for a spin-off of the popular reality series. Hosted by Maya Jama and narrated by Iain Stirling, the group will face dating, eliminations, recouplings, and newcomers' arrival for a «second shot at love» while competing in challenges. A total of 26 islanders will participate, including familiar faces like Eyal Booker from UK season 4, Ray Gantt from USA season 1, and Tina Provis, winner of Australia's season 3 and 4.

SYDNEY (Reuters) -Australia's Origin Energy said on Thursday it had received a sweetened takeover bid from a Brookfield consortium, valuing the power producer at A$16.40 billion ($10.49 billion), days after its top shareholder rejected the previous offer.

South Africa scored 428/5 against Sri Lanka: South African batters are playing ICC World Cup 2023 in beast mode as they scored the highest score in the history of the World Cup against Sri Lanka. Quinton de Kock, Rassie van der Dussen, and Aiden Markram smashed centuries, which is also the first time in the history of the World Cup when three players of a team completed their tons. 2.

Macro trades have bounced back to become the best performing hedge fund strategy in the third quarter, turning a page on a dismal first half that saw economic uncertainty weigh on managers.

Rafah border point. Militant group Hamas, which controls the Palestinian territory, said earlier Wednesday it expected some foreigners and dual nationals to be allowed into Egypt.

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Shaheen Afridi asserted his dominance in the ODIs by becoming the No.1 50-over format bowler in the latest rankings as he continues to lead the charge for the Men in Green in the ongoing World Cup. Afridi has lived up to the expectations for Pakistan at the ODI World Cup and his three-wicket haul against Bangladesh made him the joint leading wicket-taker for the tournament alongside Australia spinner Adam Zampa as the pace spin duo have claimed 16 wickets each in the campaign.

As of match number 31, the points table positioning has only got more interesting with no team having secured a place after six games played by each one. The hosts India are leading the table with remaining undefeated so far in the tournament and have 12 points in their kitty. Meanwhile, South Africa boast a splendid Net Run Rate (NRR) of +2.032 and 10 points in six matches. New Zealand and Australia are in the third and fourth position respectively with 8 points and a minor difference in the NRR. That said, three league matches left for each team except Pakistan and Bangladesh, signal significant and genuine chances for teams including Afghanistan, Sri Lanka and Netherlands to claim a semifinals’ spot.

Two little-known Queensland businessmen have become the beneficiaries of hundreds of millions of dollars in dividends paid by their private coal operations, with one, Sam Chong’s Jellinbah Group, paying out $900 million in returns to its owners in the past 12 months alone.

Domino’s Pizza Enterprises chief executive Don Meij says the company will spend this year “rebuilding”, telling shareholders at its annual meeting in Brisbane that a cost-cutting program was on track.

Westpac’s brand-new business banking boss Anthony Miller says the fate of many struggling small firms will hinge on the Christmas and new year trading period when consumers will absorb further potential tightening from the Reserve Bank next week.

BHP chairman Ken MacKenzie plans to lead Australia’s biggest company until at least 2025, taking him to the brink of the nine-year limit he has championed within the miner’s boardroom.

Long-serving Greenhill managing director Simon McConnell has jumped to Luminis Partners, Street Talk can reveal. This is the first time the corporate advisory firm has employed someone in Melbourne.

The prudential regulator has blasted Western Australia’s customer-owned insurer RAC Insurance, saying it suffered from “significant weaknesses” in decision-making at board level.

Carolyn Kay, a veteran financial services director and a former Future Fund board member, has been named the next chair of Rothschild Australia