Australia Financial News

18.10 / 02:11

UPS FIVE Strategy economy cover reports Takeover copper Chilean copper giant in first lithium deal with $385m ASX takeover

Lithium Power International has sold itself to state-owned Corporacion Nacional del Cobre de Chile for $385 million, as the mineral-rich South American economy bulks up its critical minerals resources projects.

18.10 / 02:11

UPS Citi FIVE Southern show prevention Bankers pull back curtain on mystery plan to reshape the radio market

It was a sudden share raid that at the time made no sense in Australian media circles. ASX-listed media company ARN Media, with Jefferies at its side, quickly bought up 14.8 per cent of its arch rival Southern Cross Austereo in June this year.

18.10 / 01:09

UPS Digital DOW Fox stake Starboard pushes News Corp to sell REA Group stake

New York | Activist investor Starboard Value, which has built a position in News Corp, wants the Murdoch-family controlled media giant to separate its Australian real estate business.

18.10 / 01:09

BLOCK Progressive rock Whitehaven set to win BHP’s Queensland coal auction

Whitehaven Coal has defeated rival bidders to buy BHP’s two Queensland coal mines, Daunia and Blackwater, Street Talk can reveal.

18.10 / 01:09

COST UPS Target CEO testing Threat Woodside calls for ‘urgent’ reforms amid threat to Scarborough gas

Woodside Energy has called for “urgent” reforms to Australia’s offshore approvals process, citing the threat of delay and increased cost at its $16.5 billion Scarborough LNG project in Western Australia.

18.10 / 01:09

CEO President Oscar Department BCA boss Tim Reed to guide AFL Giants into new era

The AFL is the winner in the battle for the new chairman of Greater Western Sydney, with its preferred candidate, Tim Reed, to take the helm.

18.10 / 01:09

UPS Booking Action Chevron Enterprise prevention WA LNG strike averted through 11th-hour deal

The renewed threat of strikes at two huge Chevron-run liquefied natural gas plants in Western Australia has been averted after a deal struck with unions little more than 24 hours before industrial action was due to start.

18.10 / 01:09

FIVE Southern ARN, Anchorage to table ACMA solution with Southern Cross bid

ASX-listed ARN Media and buyout fund Anchorage Capital Partners are cutting no corners in their tilt for rival radio station owner Southern Cross Media.

18.10 / 01:09

CEO Fighting gossips Department Brad Banducci on Qantas investors’ wishlist for chair

Woolworths Group CEO Brad Banducci is being touted as a candidate to replace outgoing Qantas chairman Richard Goyder, thanks to his turnaround of the retail conglomerate and Canberra nous.

17.10 / 19:53

Ripple XRP XRP Joins Roblox Payment System as Ripple Continues Post-SEC Expansion

Ripple announced a new partnership with Roblox today, allowing the leading gaming platform to accept XRP as a form of payment. The partnership marks another important development in Ripple's ongoing business growth strategy since its legal victory over the U.S. Securities and Exchange Commission (SEC).

17.10 / 19:27

Target MET VISA Extreme cover PCB lodges formal protest with ICC over delay in journalists' visas for CWC 2023

Pakistan Cricket Board (PCB) has lodged a formal protest with the International Cricket Council (ICC) alleging delays in visas for Pakistan journalists, absence of visa policy for fans and '«inappropriate conduct» targeted at its team during the World Cup match against India in Ahmedabad on Saturday. PCB took to X (formerly Twitter) to share the news. «The Pakistan Cricket Board (PCB) has lodged another formal protest with the ICC over delays in visas for Pakistjournalists and the absence of a visa policy for Pakistan fans for the ongoing World Cup 2023.

17.10 / 18:05

UPS Provident FIVE Aware Platform Racing Aware Super has $2b green plan to dodge energy grid logjam

Aware Super expects to invest up to $2 billion in small-scale solar and batteries through a partnership with privately owned Birdwood Energy. The investment will be in a distributed energy platform that would dodge the transmission logjam, which is putting a brake on the transition to renewables.

17.10 / 18:05

UPS FIVE Southern show voice stars KIIS FM owner ARN Media teams up with PE to bid for Southern Cross

KIIS FM’s owner ARN Media is working with buyout fund Anchorage Capital Partners to lob a bid for rival radio station owner Southern Cross Media, Street Talk can reveal.

17.10 / 08:13

COST FIVE Manufacturing Parke reports Melbourne property developer buys Perth Glory

Embattled A-League club Perth Glory will be run by Melbourne property developer Robert Brij and entrepreneur John Nekic, in a multimillion-dollar deal that will attempt to make the West Australian team financially viable.

17.10 / 07:01

Provident Fallout STI cover reports guidelines ASA calls for ASX chairman to step down within a year

Pressure is building on ASX chairman Damian Roche to provide a timeline for his exit from the embattled exchange, as two shareholder advisory groups say they will only provide qualified support for his re-election to the board at its annual meeting on Thursday.

17.10 / 06:29

IPO Racing economy UBS travelers Virgin Australia’s key IPO exec resigns

Virgin Australia’s chief development officer David Marr, the executive tasked with leading the airline’s mooted IPO, has stepped down from the role.

17.10 / 06:29

UPS IPO Strategy MAT 2020 Happy days for Alceon PE’s backers as Nido lists

Ex-Think Childcare boss Mat Edwards’ latest IPO, Nido, has sent cheers through Sydney firm Alceon Private Equity’s investors.

17.10 / 05:59

COST Lowe's country prevention Why India must bid for the 2036 Olympics

India should bid to host the 2036 Olympic Games. It would boost urban and sports infrastructure and enhance India’s collective interest in athletic excellence, besides giving a boost to economic activity and tourism in particular. The key to making the Olympics a financial and economic success is detailed planning on where to hold the games, how to integrate the residences, offices and sports facilities built for the event into India’s infrastructure, and how to finance the games without adding much to the government’s spending.

17.10 / 04:37

UPS Target FIVE Extreme Software Enterprise information Salter Brothers hit the market with new tech fund

Melbourne-based fund manager Salter Brothers is eager to get in on the tech wreck.

17.10 / 04:37

UPS BLOCK Manufacturing Parke Tesla Honeywell Bosch parks Bendix Brakes on the sale block; MacCap hired

A for-sale sign is up at one of Australia’s last remaining car parts manufacturers, Ballarat-based Bendix Brakes, which is half-owned by German engineering juggernaut Bosch.

17.10 / 04:37

Provident PwC information gossips reports testing US regulator investigates PwC tax leaks after ‘untimely’ report

The powerful US audit watchdog is investigating PwC Australia’s tax leaks scandal after the local firm was more than a year late in self-reporting the matter.

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