Australia Financial News

Macquarie is conducting “unexpected serial layoffs” at its banking and financial services arm, creating unease about the breadth of the job cuts.

The $6 trillion provider of Australia’s oldest exchange-traded fund has slashed its management fees, a move that brings its costs in line with its faster growing competitors.

One of Australia’s biggest retailers, Cotton On, backed by billionaire Nigel Austin, is advancing its international push after opening more than 100 overseas stores last year.

World Cup matches in the two megacities. “BCCI is sensitive to environmental concerns. I took up the matter formally with the ICC and there won’t be any fireworks display in Mumbai, which can add to the pollution level," said BCCI secretary Jay Shah in a statement on Wednesday.

EY Australia has outed itself as the big four accounting firm that employed a former partner being sued for allegedly promoting tax exploitation schemes and revealed he took more than $700,000 in unauthorised payments related to the allegations.

The era of 25 per cent increases in pay, sign-on bonuses and junior lawyers playing firms off against each other is over, as flatter revenues and a softer labour market turn the balance back in favour of employers.

Aussie Broadband’s wholesale telecommunications business, which provides services to third parties to resell, will account for almost a third of its operations after it sealed a deal to buy software group Symbio for $262 million.

ASX-listed fund manager Regal Partners acquired a 50 per cent stake in global commodities financier Taurus Funds Management which will lift Regal’s assets under management to $8 billion.

One ofTritium’s biggest shareholders, Brian Flannery, says the company has left it too late to reduce its ongoing costs and should have closed its Brisbane factory a year ago and moved all manufacturing to the United States.

Deal makers rifling through the racks of Australia’s fashion industry have found their next target. Street Talk understands 16 parties are trying on affordable fashion retailer Vine Apparel for size, put up for sale by FTI Consulting in August.

World Cup before the deadline closed, soccer's global governing body said on Tuesday. FIFA had invited bids from Asia and Oceania for the tournament by October 31, and Saudi Arabia announced it would bid only minutes after the announcement on October 4.

World Cup 2023, will clash at the Maharashtra Cricket Association Stadium in Pune. Both these teams have had a great tournament so far. South Africa have won 5 out of their 6 matches, losing only to the Netherlands.

New Zealand will take on South Africa on November 1 in the 32nd ODI World Cup 2023 match at MCA Stadium, Pune. New Zealand vs South Africa Pune ODI is a day-night match and will start at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

«Going forward, US Fed policy outcome which is due on Wednesday would provide cues to the mark,» 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 muted start GIFT Nifty on the NSE IX traded lower by 9 points, or 0.05 per cent, at 19,131, signaling that Dalal Street was headed for muted start on Wednesday.

By Jamie McGeever

The race to buy Balmaine Gold, owner of Ballarat’s last gold mine, has narrowed to a handful of bidders from at least 25 who took an early look.

Blackstone and Vista Equity Partners bested a crowd of offshore sponsors and strategics at the eleventh hour to secure Energy Exemplar, the tearaway energy analytics business owned by The Riverside Company.

Rugby Australia will investigate whether it spent too much money on the World Cup amid concerns that hundreds of thousands of dollars were used for executive accommodation and sponsorship events.

Mike Cannon-Brookes’ investment partner in Sun Cable, Quinbrook Infrastructure Partners, plans to build a polysilicon plant in Queensland costing up to $10 billion to supply solar panel manufacturers.

Pioneer Credit is suing PwC Australia for almost $32 million in losses and damage, the latest chapter in a long-running dispute between the listed debt collector and its former auditor over the way its financial assets were valued.

Christopher Nolan's "Oppenheimer" is making a comeback on Imax screens near you for a one-week encore presentation. Starting Friday, the blockbuster historical drama will return on the big(gest) screen, including six Imax 70mm film locations across US, United Kingdom and Australia. Reemerging during a tranquil phase for the box office, at a time of no major releases over the weekend, «Oppenheimer» is expected to reclaim much of the Imax spotlight. Disney's superhero spectacle "The Marvels," is likely to dominate Imax theaters upon its release on November 10. Starring Cillian Murphy as the renowned «father of the atomic bomb,» «Oppenheimer» amassed a staggering $946 million globally, becoming the third-highest-grossing film of the year and the second-highest-grossing R-rated film in cinematic history. During the press tour last summer, Nolan championed the use of Imax cameras, leading ardent fans to journey across state lines in pursuit of the optimal viewing experience.