Australia Financial News

The corporate regulator is suing a new Gold Coast payday lending scheme that allegedly involved $70 million in fees on almost $34 million in loans.

Zen Energy, Ross Garnaut’s renewable energy retailer, has lured a Macquarie Asset Management dealmaker to its C-suite while it lines up potential backers via Azure Capital.

equity markets witnessed decent gains on Friday with both the benchmark indices ending around half a percent higher. The Nifty 50 ended the month of September with a gain of 2% while the Sensex rose 1.5%. Investors will now focus on the Reserve Bank of India’s (RBI) monetary policy outcome this week and the upcoming quarterly earnings.

auto stocks will remain in focus with monthly sales numbers. Further, a RBI policy meeting is scheduled this week, which will likely shape the market direction. «Overall we expect the market to trade in a broader range as the higher oil price has rekindled the worry over inflation and might result in a prolonged high interest rate environment,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 26 points, or 0.13 per cent, at 19587.5, signaling that Dalal Street was headed for negative start on Tuesday.

UK companies a 4 billion pound ( USD 4.9 bn) contract to design and manufacture a nuclear-powered attack submarine as part of the country's AUKUS programme with Australia and the United States, Al Jazeera reported. The first of the submarines will be delivered into service in the UK in the late 2030s and the first Australian ones will follow in the early 2040s. The SSN-AUKUS program aims to enhance the capabilities of the UK, Australia, and the US to counter regional security challenges, particularly from China in the Asia-Pacific region, Al Jazeera reported. UK's Defence Ministry in a statement on Sunday said that the contract with BAE Systems, Rolls-Royce and Babcock «represents a significant milestone for both the UK and the trilateral AUKUS programme as a whole». It said that the new submarines, known as SSN-AUKUS, «will be the largest, most advanced and most powerful attack submarines ever operated» by the Royal Navy and will «combine world-leading sensors, design and weaponry in one vessel». The plans for SSN-AUKUS were unveiled in March by the leaders of Australia, the UK and the US and came as the three countries ramped up their efforts to counter China in the Asia Pacific region. The nuclear-powered vessels — which have far greater stealth and range and mark the first time Washington has shared nuclear-propulsion technology with a country other than the UK — represent a significant upgrade to Australia's current diesel-powered fleet, as per Al Jazeera. Previously, Australian Defence Minister Richard Marles described the AUKUS deal as «the biggest step forward in our military capability that we've had since the end of World War II». Through the AUKUS, Washington intends to sell Canberra up to five of its

Early 2023 was a relatively unstable period for debt markets fuelled by increasing interest rates, regional US bank failures and rising inflation. As a result, a number of local issuers turned to the US private placement (USPP) market in larger numbers than previous years.

As BHP’s auction for Daunia and Blackwater gets to the pointy end, owners of other coal assets in the M&A pipeline are starting to get their ducks in a row.

Battery-powered mine trucks would haul less ore and spend less time on the road than diesel-fuelled alternatives, delivering a productivity hit of between 19 per cent and 33 per cent to Australia’s biggest export industry.

Goldman Sachs has named Aaron Lamshed as its head of equity capital markets in Australia and New Zealand, as Ian Taylor swaps investment banking for a C-suite role at his client APM Human Services.

Online bookmaker Betr has begun the slow process of paying tens of millions of dollars to its customers after the young start-up’s 100-1 promotion caused the largest payout in sports gambling history.

India in a murder case of a globally wanted criminal. But his worryingly cavalier ways have thrown the spotlight on the faulty instincts within the ‘Five Eyes’ (FVEY) to target India at a time when it’s a partner in every other folder on the table.

Snail girl era: Why I’m slowing down and choosing to be happy rather than busy'.

CNBC report. Other than falling trend of travelling in many countries, leisure travelling continues to be popular in countries like China, Mexico, Japan, and Brazil, reported CNBC citing Morning Consult’s “The State of Travel & Hospitality" study published in September. At the global level, the falling interest in travelling in most of the countries can be explained by the fading away of the phenomenon of ‘revenge travelling’.

Westpac has grown its mortgage book ahead of its rivals for the third month running, accelerating competition between retail banks where margins are already under intense pressure.

Tim Dean manages a precast factory in the Snowy Mountain town of Cooma, population 7514, and says it is “a great place to work and to live”.

Peter Alexander, the Premier Investments-owned sleepwear brand targeting an overseas expansion is worth between $999 million and $1.59 billion, according to investment bank analysts working to place a valuation on the business ahead of a potential spin-off and ASX listing.

Australian coal export sales will fall faster than expected because higher volumes over the next two years will not be enough to offset a 46 per cent collapse in shipment values, official forecasts show.

Unseasonably warm and sunny weather has helped push coal power generation to a new low, further undermining the economics of ageing plants that are being forced to ramp down through the day to avoid losses but are still needed to keep the lights on.

As the Chainlink (LINK) community gather in Barcelona for SmartCon 2023, price action has taken a -5% tumble, as LINK's 16-month range continues to hold strong despite ANZ Bank partnership - but with fearful under-water bag-holders once again asking 'is Chainlink going to zero?' - find out in this LINK price analysis. 

Singapore, Australia, France, and Sweden are witnessing an increasing volume of score reports from Indian TOEFL test takers and emerging as new destinations of interest, according to the Educational Testing Service (ETS). The top two destinations for TOEFL test takers in India since 2017 have been the United States and Canada. Till 2019, Germany was at the third spot and the UK at the fourth spot. However, from 2020 onwards, the two countries have switched positions. «While the top five countries chosen by Indian TOEFL test takers have remained nearly consistent over the last 5-6 years. Apart from the top destination countries, emerging countries for Indian test takers include Singapore, Australia, France, and Sweden. These countries have seen an increasing volume of score reports from Indian test takers,» Sachin Jain, the Country Manager of ETS India and South Asia, told PTI. The Princeton-based ETS, which conducts the Test of English as a Foreign Language (TOEFL) and Graduate Record Examination (GRE), said the trend reflects shifting aspirations of people.

By Karin Strohecker and Sumanta Sen