Australia Financial News

Qantas chairman Richard Goyder and new chief executive Vanessa Hudson will front up at a Senate inquiry into aviation landing rights on Wednesday but former boss Alan Joyce will not appear until he returns from overseas.

New York-listed Albemarle has had its teams out on-site running the rule over Liontown Resources’ flagship lithium project and raised no red flags, according to sources close to a $6.6 billion takeover deal.

Former Myer chairman Bill Wavish is making a boardroom run at Endeavour as an independent non-executive director with the support of the hotel and liquor chain group’s biggest shareholder, Bruce Mathieson.

China is putting together the «largest» conventional military buildup since the Second World War, without clarifying the strategic purpose behind the exercise. Australia has sought to stabilise its relationship with China after a «difficult period», he said. «China is engaging in the largest conventional military buildup that the world has seen since the Second World War.

NH7 music festival, a beloved annual event since its inception in 2009, has consistently brought together a diverse range of artists from both India and around the world. The 14th edition of this celebrated festival has recently revealed its first phase lineup, which includes more than 28 local and international performers.

Army chiefs and senior officers from 30 countries including the United States met in India Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China. US Army chief Randy George said the region was «critically important», speaking to reporters alongside his Indian counterpart Manoj Pande, and vowed to boost cooperation to «maintain a free and open Indo-Pacific». Generals from Japan and Australia, which make up the «Quad» defence cooperation forum alongside Washington and New Delhi, also took part, as did Britain and France. As the generals met, China's Foreign Minister Wang Yi said that Beijing would oppose the «wanton expansion of military alliances», the latest in a string of warnings as Washington deepens security ties in the Asia-Pacific. Beijing has long said that any effort to establish a NATO-like military alliance in the Asia-Pacific would provoke conflict. Nations present at the two-day conference in New Delhi included Vietnam and the Philippines, both of which have longstanding pending territorial disputes with China. The conference, which launched in 1999, brings together army chiefs and top officers from 30 countries. India's Pande said the region faced challenges on both land and at sea. «These range from territorial disputes over land masses, or in some cases, even over artificially expanded islands to acquire real estate and establish military bases,» Pande added, in an indirect reference to China. India has also had to balance its traditional alliance with Russia — the provider of most of its arms imports, and now a source of cut-price oil — with growing ties to Washington. «The partnership between India and the US armies is vital for

Sev.en Global Investments’ raid on a majority shareholding in coal miner Coronado Global Resources could soon be followed by the acquisition of more Australian power generation and steelmaking assets.

Former partners interviewed by external lawyers investigating PwC Australia’s tax leaks scandal complain they have not been directly asked to respond to any allegations they might be subject to when the firm releases its response to the scandal on Wednesday.

Australia’s big energy retailers are warning of a dramatic increase in the number of households struggling to pay their electricity bills, with one company revealing more people are now accessing hardship programs than at the peak of the COVID-19 pandemic.

Chinese trade officials say the country’s manufacturers are vital in preventing an annual shortfall of 270 wind towers in Australia as they urge the federal government to scrap anti-dumping duties.

A Rio Tinto-controlled group has flagged the clean-up of the Ranger uranium mine, in the environmentally and culturally sensitive Kakadu National Park in the Northern Territory, will blow out beyond $2.2 billion.

(Reuters) — Pilots at Australia's flag carrier Qantas Airways' unit Network Aviation have voted in favour of taking protected industrial action in a ballot that closed on Monday night, the Australian Federation of Air Pilots told Reuters on Tuesday.

Daniel Belcher’s Redwood North is getting into the automation game.

Suncorp banking chief Clive van Horen is leaving amid a contested $4.9 billion sale of the bank arm to ANZ, but he said the move had nothing to do with the prospects of the deal proceeding.

Coronado Global Resources has a new major shareholder, after American The Energy and Minerals Group finally gave up on Australian investors’ willingness to support pure play coal stocks.

SYDNEY (Reuters) — Popular Australian tourist destination Byron Bay will limit the availability of some properties for short-term holiday rentals, as authorities try to free up homes for residents amid a nationwide housing crisis.

Investing.com-- Most Asian currencies fell slightly on Tuesday, while the dollar steadied at its highest levels for the year on growing bets that U.S. interest rates will rise further this year.

CANBERRA (Reuters) — Australian crop yields could be 4% below current levels by 2063, reducing the country's economic output by A$1.8 billion ($1.2 billion) a year, unless action is taken to mitigate the impact of climate change, Treasurer Jim Chalmers said on Tuesday.

dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit to be financed by borrowing has the 10-year Treasury yield up more than 45 basis points in September to top 4.5% for the first time since 2007. Rates markets are priced for an almost 40% risk of another Fed hike this year, against slimmer chances for another rise in Europe, and the difference has helped prop up a dollar many had bet would swiftly fall once short-term rates peaked. As U.S.

Gina Rinehart has increased her strategic stake in Liontown Resources and further complicated battery chemical giant Albemarle’s $6.6 billion takeover tilt at the lithium prize.

Qantas shares fell on Tuesday after brokers began downgrading the stock, concerned higher spending on repairing its relationship with customers and higher fuel expenses will end a run of higher profits.