Australia Financial News

Qantas is increasing airfares to offset the rising cost of fuel and the weaker Australian dollar, as escalating tensions in the Middle East threaten to return the price of crude to $US100 ($158) a barrel.

VanEck has lent its voice to institutional investor resistance to Origin Energy’s $18.7 billion takeover offer from Brookfield and EIG Partners, declaring it will reject the deal unless it is increased amid mounting opposition.

Just five months after launch, Blackwattle Investment Partners is flexing its acquisition muscle.

Australian miner Lynas Rare Earths says it will temporarily shut down most of its operations in Malaysia for upgrades while dealing with a legal battle with the Malaysian government over its operating license

Australia and Pakistan full squad: Australia World Cup squad: Pat Cummins (c), Steve Smith, Alex Carey, Josh Inglis, Sean Abbott, Cameron Green, Josh Hazlewood, Travis Head, Marnus Labuschagne, Mitch Marsh, Glenn Maxwell, Marcus Stoinis, David Warner, Adam Zampa, Mitchell Starc.Pakistan World Cup squad: Babar Azam (c), Shadab Khan, Fakhar Zaman, Imam-ul-Haq, Abdullah Shafique, Mohammad Rizwan, Saud Shakeel, Iftikhar Ahmed, Salman Ali Agha, Mohammad Nawaz, Usama Mir, Haris Rauf, Hasan Ali, Shaheen Afridi, Mohammad Wasim.When and where to watch the Australia vs Pakistan encounter? The Australia vs Pakistan match will air live on Indian television via Star Sports channels. Indian viewers can also enjoy free live streaming of these matches on the Disney+Hotstar app and website.

HANOI (Reuters) -Police in Vietnam have arrested six people accused of violating mining regulations, including the chairman of a company at the heart of efforts to develop Vietnam's rare earth industry, seizing 13,715 tons of rare earths ores.

Poshmark informed customers that it will be closing its India business on October 26. The US-based e-commerce firm, which specialises in the sale of second-hand products, had launched its India operations in September 2021, as part of a wider international expansion into markets such as Australia. The firm is also reportedly closing operations in Australia and the UK.

Five major proxy advisers recommend investors reject Qantas’ executive pay scheme and have demanded more details over why the board has not sanctioned the airline’s management financially over an adverse High Court ruling and its flight credits saga.

HSBC is relocating private bankers from Singapore to Australia as Wall Street returns in force to try to bank more of the country’s ultra-high net worth individuals and secretive family offices.

Australia’s advertising industry has asserted itself as a bigger force than the accommodation and fast food sectors in economic output, pre-empting a crackdown by the Albanese government on gambling and wagering advertising.

SYDNEY, — Immediately recognisable by its sails glistening over the waters of Sydney Harbour, the UNESCO-listed Sydney Opera House is one of the world's most photographed buildings. Officially opened in 1973 and celebrating its 50th anniversary on Friday, 'The House' as it's affectionately known, has wowed generations of audiences with world-class performances inside one of the greatest architectural structures of the 20th century. Former architect and now part-time tour guide Peter Sekules' appreciation for the Sydney Opera House started as a five-year-old when his parents first took him to see the shiny white sails under construction, inspiring a life-long love of architecture. «I remember this unusual shaped building coming out of the peninsula...because a lot of the buildings and houses I was living in were all squares and rectangles and then there was this very funny shape of a building,» Sekules told Reuters from inside the Sydney Opera House Concert Hall. As part of the 1956 Opera House international design competition, 233 designs were submitted by architects from around the world with Jorn Utzon from Denmark chosen as the winner. Construction began in 1959 with the project meant to take four years to complete, but after Utzon resigned due to a change in government, design differences and a blow out in costs, the structure took 14 years to complete. «When I read some of his inspirations for the Opera House, he said he really wanted to make it a contrast to all the squares and rectangles which I was brought up with and to really make this as a piece of sculpture,» Sekules said.

(Reuters) — Australia's Lynas Rare Earths reported a 21.8% fall in first-quarter revenue on Friday, hurt by lower product prices and continued accumulation of inventory.

World Cup 2023, broadcast by Star Sports, has seen a surge of 22 per cent in viewership, marking a significant milestone with over 59 billion minutes of watch-time in first 11 matches. According to company's official statement, the premium audiences have played a substantial role in this surge. Viewers in NCCS A (National Consumer Classification System A) have increased by 40 per cent, while NCCS B has grown by 24 per cent.

Stockbroker Canaccord Genuity is bulking up its equity research team with two new hires.

Lithium developer Liontown Resources will take on $760 million of further debt and issue up to $420 million of new shares in a heavily discounted raising, under a plan to complete construction of its Kathleen Valley mine in Western Australia without the deep pockets of Albemarle.

By Divya Rajagopal and Neha Arora

While the first and second quarters saw many companies exceeding market expectations, the third-quarter forecasts are notably more conservative.

(Reuters) -The Australian Shareholders' Association will vote against a bunch of resolutions, including the nomination of Qantas Chief Executive Officer Vanessa Hudson (NYSE:HUD) as a director of the airline and its remuneration report, it said on Thursday.

Taylor Swift’s Australian ticket sale is over, and so is the sale process for Ticketek-owner TEG.

Washington Attorney General Bob Ferguson’s long-running legal case against the thrift store chain Savers Value Village turned out to be no bargain, as the state has been ordered to pay the company nearly $4.3 million in legal fees

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks