Australia Financial News

19.10 / 07:23

Citi Provident Airlines 2020 Journalist says she was detained for 3 years in China for breaking an embargo

Australian journalist Cheng Lei says she spent more than three years in detention in China for breaking an embargo with a television broadcast

19.10 / 06:49

COST Action Enterprise Infinity Instagram show Threat Costs ASX Wolf faces ASIC bankruptcy threat over court costs

Globe-trotting sharemarket influencer Tyson “ASX Wolf” Scholz is being threatened with bankruptcy over a $450,000 debt to the corporate regulator.

19.10 / 06:49

COST Citi Lowe's Aware Bill Kick global miner Glencore out of Mount Isa: Katter

Independent federal MP Bob Katter said the Queensland government should “boot” global miner Glencore out of Mount Isa and let other potential owners take over its leases after the Swiss giant announced it wouldclose its copper mines by 2025.

19.10 / 05:39

Citi Target CEO Action hospital information Woolworths target PETstock to divest stores, vets after ACCC red flag

Woolworths’ partial acquisition of PETstock has hit a competition snag forcing it to divest a package of stores and veterinary hospitals to try to win approval from the regulator, which found historical transactions by the pet retailer may have breached competition laws.

19.10 / 04:43

UPS Bill performer poker reports recommendations Big super funds against pubs billionaire’s Endeavour shake-up

Pubs billionaire Bruce Mathieson’s campaign for a shake-up of the Endeavour Group board has suffered another blow.

19.10 / 04:43

COST UPS Provident CEO social New Transurban boss Michelle Jablko wants to reward drivers

New Transurban boss Michelle Jablko plans to offer more incentives such as car hire and car wash discounts to users of the toll road group’s Linkt accounts to encourage drivers to keep paying for its roads despite the high cost of living.

19.10 / 04:43

COST UPS economy Bill track Inside Konvoy Kegs raises $13m, expects more brewers to go bust

Australia has too many brewers and more beer makers will hit the wall financially, predicts the boss of Konvoy Kegs, which rents kegs to 600 brewers in Australia and Asia and just raised $13 million to fund expansion into the United Kingdom and Ireland.

19.10 / 04:37

Lowe's economy show performer track country Asia FX nurses steep losses as dollar firms before Powell speech

Investing.com-- Most Asian currencies were muted on Thursday, nursing steep overnight losses as the dollar firmed tracking a spike in Treasury yields before a closely-watched address by Federal Reserve Chair Jerome Powell.

19.10 / 03:07

UPS Remark performer blues shock Rohit’s men look to continue winning streak in World Cup clash against Bangladesh

Bangladesh on Thursday. The team currently is in an unstoppable groove and look favourites in the coming match.

19.10 / 02:49

Reuters Entertainment NIFTY SENSEX reports 6 things that changed for the stock market overnight - Gift Nifty to spike in US Treasury yields

BSE Sensex closed 551.07 points, or 0.83%, lower at 65,877.02, while the NSE Nifty 50 declined 140.40 points, or 0.71%, to settle at 19,671.10. “Profit booking ensued in Indian markets, spurred by weak global sentiments and escalating Middle East tensions. A sudden rise in the tension has led to instability in energy prices.

19.10 / 02:39

COST Citi Racing Parke Bill country Reality check, as Country Garden sells down a barely started Australia project

By Byron Kaye

19.10 / 01:31

Provident CEO Remark track reports testing guidelines ASX board narrowly avoids second strike, chair re-elected for last term

ASX’s board of directors has narrowly avoided a second strike at its annual meeting on Thursday, with 21 per cent of shareholders voting against the remuneration report in a strong protest vote as the exchange struggles to restore trust after it announced it had bungled the CHESS replacement project 11 months ago.

19.10 / 01:31

Provident Manufacturing ICE Frozen out: Sara Lee calls in administrators

Iconic frozen baked goods and desserts brand Sara Lee has called in the administrators, hiring FTI Consulting to sell or restructure the business and keep its manufacturing presence alive in Australia.

19.10 / 01:31

COST Booking Chase UBS Albemarle Liontown begins crossings for $400m equity raise; touts $760m debt

UBS began wall crossing fund managers for lithium developer Liontown Resources’ emergency capital raising on Wednesday evening, seeking $400 million from equity capital markets to go alongside $760 million in debt.

19.10 / 01:31

UPS BLOCK Aviat Airlines economy Labor backflips on aviation monitoring after Qantas drops opposition

Treasurer Jim Chalmers has reinstated the competition watchdog’s mandate to monitor Qantas and Virgin Australia, as a Coalition motion to extend a probe into aviation was blocked by the Greens and independent senator David Pocock.

19.10 / 01:31

UPS Career Bill reports recommendations Bill Wavish slams proxy firm CGI Glass Lewis over Endeavour report

Bill Wavish, who is seeking to become a director of Endeavour Group, has slammed a report by proxy firm CGI Glass Lewis casting doubt over his ability to serve as a competent director, telling shareholders to ignore its recommendation to vote against his election.

19.10 / 01:31

COST UPS Matthews RIO Rio opens door to working with POSCO on green iron plant in Pilbara

Rio Tinto is open to working with Korea’s POSCO on green iron production in Western Australia, where it is trying to boost output from its newest and most technologically advanced mine.

19.10 / 01:31

UPS Eagle rock reports BofA, Jefferies bankroll Whitehaven’s winning bid for BHP coal

Wall Street banks Jefferies and Bank of America are understood to be the lenders behind Whitehaven Coal’s winning $US3.2 billion bid for BHP’s Queensland coal mines, Blackwater and Daunia.

19.10 / 01:18

Citi Reuters M&As Australian Australian regulator probes PETstock's prior M&As ahead of Woolworths deal

(Reuters) -Australian competition watchdog said on Thursday PETstock's certain completed acquisitions made between 2017 and 2022 raise significant concerns, as the regulator reviewed the pet retailer's stake sale to Woolworths Group.

18.10 / 22:53

UBS country reports Australia's Santos posts over 7% sequential rise in quarterly revenue

(Reuters) — Australia's Santos Ltd on Thursday reported a 7.5% rise in third-quarter revenue from the preceding quarter, helped by increased crude oil volumes and higher prices.

18.10 / 22:17

BLOCK Aviat country Australia's Qantas drops plans to buy mining charter operator Alliance Aviation

(Reuters) — Australia's Qantas Airways said on Thursday it will drop the A$611 million ($387 million) plans to buy out charter flight operator Alliance Aviation Services after the country's competition regulator blocked the deal in April.

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