Australia Financial News

(Reuters) — Australian Securities & Investments Commission said on Tuesday ANZ Group Holdings was ordered to pay a A$15 million ($9.63 million) penalty by the Federal Court for misleading customers about funds available in credit card accounts.

SYDNEY (Reuters) — A union for pilots employed by Australia's Qantas Airways called for the company's chairman to resign following a host of scandals that have drawn fierce criticism from travellers, regulators, lawmakers and its own employees.

equity indices ended flat as sentiment remained fragile on concerns of higher interest rates and faltering economic growth. “We expect weakness to persist in the market amid cautiousness ahead of the monthly F&O expiry this week and economic data like India’s Infrastructure Output for the month of August US and UK Q2 GDP data and US and China manufacturing PMI data to be released," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 26 Here are key domestic and global market cues for Sensex today" Asian markets were trading mostly lower on Tuesday as concerns about China’s property sector re-surfaced.

This along with persistent selling by FIIs, rising crude prices, and a spike in bond yields dampened investors' sentiments. «We expect weakness to persist in the market amid cautiousness ahead of the monthly F&O expiry this week,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded lower by 59.5 points, or 0.30 per cent, at 19,669, signaling that Dalal Street was headed for negative start on Tuesday.

investors looking for better returns are set to buy more into Indian banks as improved margins and stable asset quality make such stocks attractive for bulge-bracket funds, said a report by S&P Global Market Intelligence. The total market value of foreign institutional investors' holdings in Indian banks has risen to ₹8.3 lakh crore as of June 30, from ₹7.7 lakh crore a year ago, said the report. The country's economic growth prospects and the lenders' solid performance are some factors driving the investor interest. Following this trend, more global investors are likely to participate. In its financial stability report, India's central bank said the asset quality of SCBs continued to improve and their GNPA ratio declined to a decade low of 3.9% in March 2023. «More investments in Indian lenders may come from Australia, Europe, Japan, South Korea and the Middle East», said the report.

Iron ore billionaire Andrew Forrest is mourning his father, Don Forrest, who died aged 95 on the family cattle station in Western Australia.

Deal makers are on alert for a round of consolidation in the flagging rare earths sector and in other critical metals as capital markets turn off the tap on exploration companies.

Newmont’s proposed acquisition of ASX-listed gold miner Newcrest is widely expected to sail past the shareholder takeover vote in two weeks. But what hasn’t been widely discussed is whether the takeover will be the biggest liquidity event on the ASX sinceSquare’s $39 billion Afterpay deal.

Erin Patterson. Three people, including Wilkinson's wife, died after the meal. Erin Patterson said that it was an accident and she had no reason to harm his relatives, whom she had invited for lunch. She too fell sick and was admitted to a hospital. The police believe that the food contained death cap mushrooms, which are lethal if consumed. Patterson is not facing charges.

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A Melbourne couple is set to face a plea trial in October for a theft charge after inadvertently receiving 10.5 million Australian dollars ($6.7 million) from Crypto.com in 2021. 

ICC World Cup 2023: India is looking in top form ahead of the ICC World Cup 2023. The batting unit is churning out big runs against a strong bowling attack and the bowlers are also grabbing wickets. The recent Asia Cup win and series win against Australia have provided the team with much more optimism.

Star Entertainment, the embattled operator of casinos in Sydney, Brisbane and the Gold Coast, is raising $750 million at a significant discount but says it will not proceed with the sale of any of its assets.

The Indian Express. Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! This goes well with the management's plan of resting some players ahead of the ICC World Cup 2023. In the first two ODIs skipper Rohit Sharma, Virat Kohli, Hardik Pandya and Kuldeep Yadav rested. "Luckily we got a fair amount of cricket at the Asia Cup.

Investors should brace for lower dividends and fewer share buybacks from the major banks if they are forced to reduce their reliance on popular, but complex, hybrid bonds to meet capital requirements.

Rugby Australia chairman Hamish McLennan says the game will have enough money to ensure its future, but the job of paying for an expensive but much-needed restructure of the game’s administration has become far harder after a historic World Cup exit in France.

iPhone 15 Pro and iPhone 15 Pro Max feature the innovative Ceramic Shield material for enhanced durability. These devices are constructed with a combination of Grade 5 titanium and aluminum substructure to achieve both increased strength and lightweight design. Unfortunately, drop-test videos shared online offer a different reality, as claimed by these YouTubers.

Youi says rising costs meant it dumped a specialised type of disaster insurance protecting its book from cumulative losses, while customer satisfaction fell amid its own premiums rising.

Canberra Airport boss Stephen Byron has called on Qantas to give a free flight to every passenger on the Canberra-Sydney route who has been stuck on the tarmac after the airline’s monthly cancellations hit a record high of almost 15 per cent.

Increased steel production in China is pushing iron ore prices higher but resulting in lower margins for Australian steel makers including BlueScope.

A projected 23 per cent increase in Australia’s sheep flock since the last drought in 2020 has created a glut that has sent prices into free fall, as farmers scramble to sell before hot weather hits this summer.