Australia Financial News

31.10 / 02:39

Provident Career Experts track Big four partnerships ‘not appealing’ for juniors

Low pay and long hours have put big four accountants off the once-prized career goal of making partner, despite the outsized financial rewards on offer at the top, according to a recruiter.

31.10 / 01:15

Target track Wine Treasury Wine in $1.6b bet on California’s Daou Vineyards

Chief executive Tim Ford aims to turn California’s high-end Daou Vineyards that Treasury Wine Estates is buying in a $US1 billion ($1.6 billion) deal into a global brand like the Australian company’s flagship, Penfolds.

31.10 / 00:43

Target Bill performer reports Endeavour chair seeks ‘constructive resolution’ with pubs billionaire

Endeavour chairman Peter Hearl has told shareholders at the hotel and liquor retailer’s annual meeting in Sydney that “there is much more to do” when it comes to lifting the company’s sagging share price.

30.10 / 21:05

Citi Twitter Digital economy stage reports G-7 nations back strong supply chains for energy and food despite global tensions

Trade and economy officials from the Group of Seven wealthy democracies have strengthened their pledge to work together to ensure smooth supply chains for essentials like energy and food despite global uncertainties

30.10 / 20:13

Provident Target FIVE Booking Enterprise Bill Brookfield Brookfield finalises $1.45b debt refi for Aveo; lenders pile in

Lenders are backing Australia’s retirement living sector.

30.10 / 20:13

Target FIVE Strategy Healthcare reports PEP prepares biggest fund to date, pitches proven money-making prowess

Pacific Equity Partners is primed to start 2024 in a big way, preparing to launch its seventh buyout fund – Fund VII – in what is expected to mark the biggest fundraising so far for Australia’s largest private equity firm, Street Talk has been told.

30.10 / 20:13

Parke Healthcare vaccine Virus pop testing stake Crescent Capital claims stake in clinical trials biz Walski

Crescent Capital Partners, the acquisitive Sydney-headquartered private equity firm is making another play in its favourite sector, this time diving into a local clinical trials business, Street Talk understands.

30.10 / 17:17

FIVE Progressive CEO Strategy country cover APA links with French giant to bid for New England energy zone

APA Group has joined with France’s EDF to bid to construct NSW’s second renewable energy zone in an attempt to capture a share of the $50 billion opportunity involved with connecting wind and solar farms to the grid.

30.10 / 17:17

Waves Deloitte cover reports testing recommendations strain Insurer review uncovers forecast flaws, black-mould blowout

Australian insurers’ catastrophe plans failed to anticipate floods the size of last year’s east-coast inundation or economic logjams, according to an insurance-sector commissioned review.

30.10 / 17:17

BLOCK Action President electronic reports prevention Rare earths player asks FIRB to probe share buying

Rare earths play Northern Minerals has asked the Foreign Investment Review Board to probe whether recent share acquisitions are part of a covert attempt by Chinese interests to gain control of its strategically important assets in Western Australia.

30.10 / 09:49

regulation Bitcoin Standard Chartered-owned crypto platform Zodia launches in Hong Kong

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong.

30.10 / 09:05

Digital President innovations CCAvenue UAE launches QR Code solutions in Dubai

Infibeam Avenues, has launched a mobile-based QR code payment solution in the United Arab Emirates. The company, which runs the payment gateway brand named CCAvenue.ae (the UAE web domain) intends to tap the growing offline payments landscape in the Emirate with the product. It is the company’s first such offline payments solution for the international market.

30.10 / 08:46

Provident Manufacturing Forrester President country 2020 Wyloo, Chalice, BHP sound alarm over Biden’s Jakarta nickel deal

Some of Australia’s largest nickel producers are increasingly concerned that the Biden administration will allow their big Indonesian rivals access to incentives under the Inflation Reduction Act – a huge subsidy to encourage the transition to clean energy – as early as next month.

30.10 / 08:45

Target Binance Digital Platform coinbase BAY Bill AirTree Ventures-backed Zepto cuts jobs after cryptocurrency reset

Byron Bay fintech Zepto has laid off 20 per cent of its workforce as part of a restructure to limit its focus on controversial cryptocurrency exchanges and target areas with better growth prospects.

30.10 / 08:45

Target Manufacturing Fallout Albemarle rock reports Australia’s largest lithium mine flags output cut on weak China demand

Greenbushes, Australia’s largest hard rock lithium mine, may be forced to reduce productionas prices for the key battery metal collapse on lower Chinese electric vehicle sales.

30.10 / 08:45

Provident Booking Action Airlines pandemic Hudson travelers Qantas says it ‘does its best’, no guarantees flights will take off

Qantas has rejected the basis of the competition regulator’s case against the airline, saying customers are not buying a specific flight when they book to travel but instead a “bundle of rights” to fly and blaming its booking systems for selling trips it had already cancelled.

30.10 / 08:45

Provident Extreme Manufacturing Tritium asks Qld government for $50m-plus bailout

Embattled Brisbane fast-charging company Tritium has asked the Queensland government for an equity injection of up more than $50 million as it tries to deal with its dire liquidity issues.

30.10 / 08:45

IPO voice end market volatility IPO hopeful Cuscal flips to back-end bookbuild amid market volatility

ASX aspirant Cuscal has locked in a back-end bookbuild process, bowing to investor concerns about having their funds locked away for several weeks amid increased market volatility, Street Talk understands.

30.10 / 08:45

Provident Google Strategy Software performer voice recommendations Takeover Aussie Broadband confirms $258m takeover bid for Symbio

Aussie Broadband has made a binding offer worth up to $258 million to buy software group Symbio as the telecommunications group overtakes Vocus to become Australia’s fourth-biggest internet provider.

30.10 / 08:45

Provident Manufacturing CEO country innovations patient medicines The key to this biotech’s tilt at US fortune is pure pigs

An Australian regenerative medicine company is preparing for a major expansion in the US with a unique “collagen Velcro” sourced from high-quality pigs that repairs severed nerves.

30.10 / 04:55

Crypto regulations Standard Chartered Standard Chartered-Backed Crypto Custody Zodia Launches in Hong Kong

Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is expanding its services to Hong Kong. Zodia Custody’s foray into Hong Kong marks its latest stride into the Asia-Pacific region after announcing plans to expand into Singapore last month.

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