Australia Financial News

Virgin Australia says the federal government’s “hard to understand” decision not to allow Qatar Airways to fly more services into Australia has undermined its ability to compete with Qantas.

WA gold miner Red 5 Limited isn’t resting on its laurels after listed peer Silver Lake Resources’ sharemarket raid earlier this month. The purchase of an 11 per cent stake by Luke Tonkin’s Silver Lake didn’t just put Red 5 into play, it threw down the gauntlet to Raleigh Finlayson’s Genesis Minerals.

Companies extracting hydrogen from underground in Western Australia will be charged a royalty in future under a refresh of the state’s hydrogen strategy.

The cost of building Allkem’s three flagship projects – one in Canada and two in South America – has blown out by $US413 million ($640.7 million) because of higher labour and material expenses, the lithium hopeful says.

Five Eyes partners" prior to Canadian Prime Minister Justin Trudeau's allegations against India regarding the killing of a Khalistani extremist Hardeep Singh Nijjar on Canadian soil. David Cohen, the US Ambassador to Canada, confirmed this revelation in a televised interview. «I will say this was a matter of shared intelligence information,» he said.

yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected. The yen fell to a more than 10-month low of 148.49 per dollar and remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year's. The Japanese currency had fallen more than 0.5% on Friday after the BOJ maintained ultra-low interest rates and stuck to its dovish stance, while Governor Ueda similarly stressed the need to spend more time assessing data before raising interest rates. «I don't think the level matters that much and will be the trigger (for intervention).

Sensex and Nifty 50 ended lower for the fourth consecutive session on Friday weighed down by weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a percent. “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards defensive and large-caps.

Australia and the UK. As Indians students explore alternative destinations amid heightened India-Canada tensions, the trio is likely to benefit the most if the situation doesn't improve soon, more than half-a-dozen educational consultants told ET. All of them said a large number of Indian students who were looking to study in Canada are now looking at other options due to the deteriorating situation, lack of safety and uncertainty about the immediate future. The US is the first choice for many. «Given the speed at which the situation has escalated, almost every student who was considering Canada is keeping a back-up option,» said Karan Gupta, founder of study abroad career consultancy Karan Gupta Consulting.Variety of Courses in US «A majority of these students will apply to the US,» he said.

market on weak global cues and substantial selling by foreign investors. The current week marks the September month's F&O expiry, which is expected to bring about volatility in the market. «The factors that have influenced the markets last week may continue to exert some pressure in the current week too,” said Joseph Thomas, Head of Research, Emkay Wealth Management. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded lower by 45 points, or 0.23 per cent, at 19,687.50, signaling that Dalal Street was headed for positive start on Monday.

Qantas says it will spend at least an additional $80 million fixing services issues at the same time that fuel costs have risen $200 million, the first hit to profits as it attempts to repair its deteriorating relationship with customers.

Australia’s record 40 to 6 loss to Wales at Lyon is a disaster for Australian Rugby.

The worlds of Lucy Jackson and Nikki Westcott from We the Wild Ones and Blue Mountains artist Stephen Travers couldn’t be further apart at first glance.

Lyon | Wales romped into the quarter-finals of the Rugby World Cup with a record 40-6 victory over Australia on Sunday (6.48am on Monday AEST) that left the twice-world champion Wallabies heading for a pool stage exit for the first time.

TPG Capital’s $1.8 billion buyout offer for Australia’s largest funerals company is clearing a string of potential hurdles, with an independent expert saying the $12.70 per share cash offer is “fair and reasonable”.

The government’s suite of media reforms are a “feeding frenzy” that will hit Foxtel hard while protecting the interests of free-to-air networks says Patrick Delany, the boss of the News Corp-controlled pay television business.

Matt Tripp, the wealthy bookmaker who launched Betr with News Corporation last year, says he is still interested in buying ASX-listed PointsBet after his wagering business turned its first profit.

The Victorian auditor-general will deliver its findings about VicTrack’s fibre-optic sensors venture, described by the Liberal Party as “a case study in funny money”, in the next three months after missing its June deadline.

Mint explains: In 2022, an estimated 277,291 foreign tourists landed from Canada in India. This makes the country the fifth largest source nation for tourists behind the US, Bangladesh, UK and Australia. The number of tourists from Canada has grown over three-fold from 2021, when only 80,437 tourists had come.

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 Following this, skipper KL Rahil (52 off 38 balls) and Ishan Kishan (31 off 18 balls) maintained the momentum. But it was SKY (72 not out off 37 balls) who gave all the adrenaline rush to his fans. In the last 10 overs, India yielded 103 runs, which led it to their highest-ever total against Australia in ODIs.

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 After the explosive knock by SKY, an old video has gone viral on social media, featuring Suryakumar and Green during their Indian Premier League (IPL) days. Green in the video can be seen jokingly saying "If you're bad, SKY is my dad", which left the Indian batter in splits. Meanwhile, after winning the toss, Australia chose to bowl first.

Shubman Gill and Shreyas Iyer dominated the Australian bowling and played some majestic shots to hit individual centuries that helped India post its highest score of 399-run against Australia in the second ODI being played in Holkar Cricket Stadium, Indore. Australia managed to get opener Ruturaj Gaikwad out cheaply 8 (12) and then Shreyas Iyer 105 (90) joined Shubman Gill 104 (97) to steady the ship. The duo hit scintilating boundries across the park to stitch a 200 runs partnership. After the departure of Gill and Iyer, India captain KL Rahul and Ishan Kishan maintained the momentum against the potent Australian attack, which looked somewhat out-of-sorts as Indian batters displayed their full-flurry of shots.