Australia Financial News

Rupert Murdoch has stepped down from his top roles overseeing his sprawling media empire, to make way for his chosen successor, first son Lachlan Murdoch.

Kingdom of the Planet of the Apes."

G20 Summit, India is on a roll. Both these events have been lauded by world leaders. The New Delhi Declaration by G20 leaders, the key outcome document of the summit held in the capital under India’s presidency, featured various policy aspirations that are important for all 20 economies.

(Reuters) — Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp and News Corp (NASDAQ:NWSA), ending a more than seven-decade career in which he created an empire spanning from Australia to the United States.

The Australian Securities and Investments Commission (ASIC) alleged that Bit Trade, the provider of the Kraken crypto exchange to Australian customers, did not make a target market determination before offering its margin trading product to Australian customers. Design and distribution obligations (DDO) are legal requirements for firms that offer financial products in Australia, requiring products to be designed to meet the needs of customers and to be distributed in a targeted manner. ASIC noted that Bit Trade provides credit to buy and sell certain crypto assets on the Kraken exchange, and customers are able to receive an extension of credit of up to five times the value of the assets they used as collateral. The regulator claimed that, since DDO began in October 2021, at least 1,160 customers had used Bit Trade’s margin trading product, incurring a total loss of about A$12.95 million (£6.74 million). Despite being notified of the ASIC’s concerns in June 2022, the regulator alleged that Bit Trade has continued to offer the product without making the appropriate determinations.

This registration will allow eToro to offer regulated crypto services to all EU countries on a cross-border basis from one single entity, once the EU’s Markets in Crypto-Assets Regulation (MiCA) comes into effect.

Bond traders are bracing for Treasury yields to keep pushing higher after the Federal Reserve signaled it’s likely to hold interest rates at lofty levels well into next year.

The new chief executive of Wyloo-backed Hastings Technology Metals, Paul Brown, hopes robots will be to the rare earths industry what electric vehicles are to lithium producers.

Casinonic is the best online casino Australia has to offer. But - there are several other Australian online casinos worth a spin. Let’s take a deeper look.

KL Rahul will lead the Team India squad in the first two matches. Wicketkeeper-batter Sanju Samson also will not be playing the ODI series. From Australia, Mitchell Starc and Glenn Maxwell have been ruled out of the first ODI game of the three-match series against India while Steve Smith will return to the side.

Incoming Transurban chief executive Michelle Jablko faces a more difficult task expanding the tollroad group after the competition watchdog blocked it from buying Melbourne’s EastLink motorway.

More than $9 billion of dividends from Australia’s two biggest companies are in a state of suspended animation until late next week, and Sam Wetzler reckons that’s a big opportunity.

Allegro’s Team Global Express is getting a lot of attention as the business fields inbound interest from cashed-up overseas buyers.

Qantas’ largest superannuation investors are demanding “clear accountability” from the airline’s board after it chose to reduce its former chief executive Alan Joyce’s annual pay by just $500,000 despite the company facing significant customer and regulatory acrimony.

Khalistan movement in Canada. In a Facebook post, Bishnoi's gang said that Sukhu played a crucial role in the murders of Gurlal Brar and Vicky Middukhera. The gang called Duneke a ‘drug addict’ who got a punishment for his sins, according to a report published by NDTV. The gang further warned that their enemies would not be able to survive in India or any other country, the report said.

Australia’s largest fruit and vegetable processor is set to bid farewell to public life.

Australia's regulatory body, the Australian Securities and Investments Commission (ASIC), has initiated legal proceedings against Bit Trade Pty Ltd, the provider of the Kraken cryptocurrency exchange for Australian users, for breaching design and distribution obligations related to its margin trading product.

Indian medical graduates will now be able to pursue postgraduate training and practice in countries like the United States, Canada, Australia and New Zealand. The change comes after the National Medical Commission (NMC) was granted the coveted World Federation for Medical Education (WFME) Recognition Status for a tenure of 10 years.

A post shared by Sanju V Samson (@imsanjusamson) When the squad was announced, several other cricketers like Irfan Pathan, Robin Uthappa also expressed disappointed over Samson not part of the ODI squad. In a post on X, Irfan Pathan wrote, “If I’m in place of @IamSanjuSamson right now I will be very disappointed…" -Sanju Samson made his international debut in 2014. -Despite his international debut in 2014, he has featured in less than 50 international games for India.

Investing.com-- Most Asian currencies tumbled on Thursday, while the dollar rose to six-month highs after the Federal Reserve warned that U.S. interest rates will remain higher for longer. 

traveling to Canada. “Canada is a safe country", said Canadian public safety minister Dominic Leblanc as quoted by Reuters. The Ministry of External Affairs, in an official statement, said, “In view of growing anti-India activities and politically condoned hate crimes and criminal violence in Canada, all Indian nationals there and those contemplating travel are urged to exercise utmost caution." “Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda.