Australia Financial News

Large-scale childcare operators with heavy head office costs or that load up on debt for an acquisition binge have been put on notice about increasing federal scrutiny.

Nifty 50 closing above 19,500. The relief rally in the Indian markets was led by healthy PMI data and falling crude oil prices. “The positive signal from the PMI data and the correction in the crude price boosted the market sentiment.

PwC Australia chief executive Kevin Burrowes will appear at the Senate inquiry into consulting next Thursday, the first time anyone from the firm has testified at the federal level since the extent of its tax leaks scandal became public in May.

Bankers are resigned to another year of weak bonuses as a global glut in deal making across mergers and acquisitions and capital markets slims fees at investment banks.

Qantas says it has extended a Chairman’s Lounge membership to every secretary and deputy secretary in the federal bureaucracy, as well as the chair and chief commissioners of key government agencies.

The VetPartners auction is nearing the end of its very short lifespan.

(Reuters) — Australian gold miner Newcrest Mining (OTC:NCMGF) on Friday said Newmont Corporation, its suitor for a proposed A$26.2 billion ($16.68 billion) buyout, had received all government regulatory approvals required for the deal to go through.

BHP says electric vehicle manufacturers are not yet willing to pay a “green premium” to recognise the sustainability credentials of nickel mined in Australia, at a time when surprisingly large volumes of Indonesian nickel have dragged down prices for the metal to a two-year low.

global markets on Thursday, the US stocks were little changed ahead of the jobs data, while European equities gained as bond yields and oil prices declimed. MSCI's gauge of stocks across the globe was down 0.17%. Recently, global markets were hit due to hawkish comments from central banks and strong US economic data bolstering bets that interest rates will stay elevated for a longer period.

A record-breaking fine has pushed Openmarkets to a $5.2 million loss, but the brokerage’s chief executive, Dan Jowett, says the Sydney-based company is still powering towards a Nasdaq listing by early next year.

Eddie Jones and the Wallabies have spent this week preparing for the remote possibility of making the Rugby World Cup quarter-finals after a disastrous campaign. Their chances hinge not on their own performance, but a mathematical miracle in Portugal’s upcoming game against Fiji.

Cocoon Data, a local encryption and data protection company, has put its secure-file-sharing business on the market as it pivots to focus its attention on a new API encryption service for software developers.

Finally, after a protracted recapitalisation process, there’s movement at Accolade Wines, the country’s second-largest wine group behind Treasury Wine Estates.

Heavyweight proxy advisers have given the green light for a takeover of lithium explorer Essential Metals, as activity in the sector heats up with Gina Rinehart building a significant stake in Liontown Resources.

The Matildas’ record-breaking FIFA Women’s World Cup campaign has contributed to a near $1 billion recovery in the brand value of Optus, almost erasing the catastrophic falls after last year’s cyberattack.

Bell Rock Capital Management, the major Whitehaven Coal shareholder campaigning against the proposed purchase of two BHP mines, says it believes UBS has given the transaction an “excessive valuation”.

Alex Scott is in a relationship with pop star Jess Glynne, as per a report in 'The Sun'. The report has been claimed that the superstar singer and ex-England footballer have been seeing each other since August 2023. They were on a series of dates before and after the Women’s World Cup. They partied alongside David Beckham and Victoria Beckham at their exclusive Netflix documentary premiere after-party at The Twenty Two in West London on Tuesday, October 3.

An image of King Charles III will soon appear on Australian coins, more than a year after the death of his mother Queen Elizabeth II

Oil prices dipped on Thursday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil output cuts, keeping supply tight. Brent crude oil futures fell 68 cents, or 0.8%, to $85.19 a barrel by 11:07 a.m. ET (1507 GMT).

Pamela Anderson has joined a growing list of celebrity women embracing the no-makeup trend, and Jamie Lee Curtis believes there's much to be gained from her example. Curtis, aged 64, took to Instagram on Sunday to give a shoutout to Anderson, aged 56. She shared a photo of the former "Baywatch" star showcasing her natural beauty at the Isabel Marant Spring/Summer 2024 womenswear fashion show in late September, where she appeared to be makeup-free. Curtis wrote, tagging Anderson, «THE NATURAL BEAUTY REVOLUTION HAS OFFICIALLY BEGUN!» She went on to express her admiration for Anderson's courageous and rebellious act of showing up without any makeup. Anderson is not the only public figure who has recently embraced a more natural appearance.

The dollar fell against all of its major peers before pivotal US payroll data due Friday, but strategists say the pullback may just be temporary.