Australia Financial News

Industrial action is set to disrupt operations from Thursday at one of Queensland’s biggest power stations, posing a fresh threat to the east coast’s electricity grid already under strain due to an extended unit closure.

Countries that don’t emulate the US and provide financial incentives to kick-start renewable energy projects risk missing out on billions of dollars of investment, the global boss of UK-listed engineering group John Wood has warned.

climate action, the Asia-Pacific needs to start delivering on ambitious emissions targets. The Asia-Pacific's greenhouse gas emissions keep rising and in some respects the region is going backwards. Climate action was the only Sustainable Development Goal (SDG 13) in which outcomes went backwards in the Asia-Pacific between 2015 and 2023. Progress towards Sustainable Development Goal 13, taking «urgent action to address climate change», has been a case of two steps forward, one step back in the Asia-Pacific. Over the past two years, countries in the Asia-Pacific have made strides: China and Indonesia have undertaken to transition their economies to net zero by 2060, Australia and most Southeast Asian countries by 2050. China has massively invested in renewable energy.

Australia's High Commissioner to India Philip Green on Monday said people are the living bridge between the two countries and that India is the first country to return to and beat pre-pandemic levels of travel to Australia. He said direct flights between the two countries have nearly tripled. «People are the living bridge between Australia and India. Australian PM @AlboMP was one of 100,000 Australians to visit India this past year, double the number before COVID-19.

Whitehaven Coal has confirmed it is in the running to acquire BHP’s major Daunia and Blackwater coal mines in Queensland after a major investor alleged the company had selectively briefed some of its shareholders and suggested the market was “misinformed”.

Yellow Brick Road chairman Mark Bouris says the “misunderstood nature” of the mortgage broking business is to blame for investors steering clear of his company, and going private is the only way to fix the problem.

South African cricketer Quinton de Kock has confirmed his intention to retire from One Day Internationals (ODIs). De Kock, who has been a part of the South African cricket setup for over a decade, disclosed that the monetary temptation of T20 leagues had played a significant role in his decision. Although the player has represented the South African team loyally for 11 years, he stated that the financial benefits of T20 leagues are hard to overlook, particularly as he nears the end of his career.

solar panels and controlling nuclear-fusion reactions—are all turning to AI in order to augment or accelerate their progress. The potential is enormous.

By Vidya Ranganathan

Indian stock market indices, Sensex and Nifty are likely to open lower on Monday following weak global cues. Asian markets traded lower, while the US stock markets ended in the red last week. Foreign capital outflows, elevated crude oil prices and inflation concerns may cast shadow over the market, while strong domestic macroeconomic data with lower CPI and wholesale inflation are likely to provide comfort.

Investing.com-- Most Asian stocks fell on Monday as investors remained broadly risk-off before a string of major central bank rate decisions this week, with the Federal Reserve being the main point of focus.

Firetrail’s Oscar Hutchinson will be striding around the investment manager’s Sydney offices with an extra spring in his step.

«We expect the overall positive momentum to continue especially in the large cap while sectoral rotation is likely to be seen in the broader market,» 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 positive startGIFT Nifty on the NSE IX traded 21 points, or 0.10 per cent, at 20,187.50, signaling that Dalal Street was headed for positive start on Monday.

Putting women’s sports on a government list designed to keep key games freely accessible for Australians would be a mistake, entrenching a “grass ceiling” on the players and sporting codes, Foxtel says.

Brisbane-based battery company Redflow has won a $4.38 million deal with the United States Department of Defense to repower a solar microgrid at an airbase in New York state, in what it hopes will be a string of lucrative deals at their bases around the world.

The a2 Milk Company has cancelled the exclusive manufacturing and supply rights for most of the infant formula supplied by New Zealand’s Synlait, as tensions between the two groups worsen.

Paine Schwartz Partners has cut the amount it is prepared to pay for Costa Group, Australia’s largest fruit and vegetable processor.

ASX-listed Alligator Energy launched a $23 million capital raising on Monday morning with its broker Bell Potter in tow.

Rio Tinto has quietly entered the lithium land grab unfolding in Western Australia as it looks to secure its future in battery minerals, racking up exploration tenements spanning more than 145,000 hectares in the red-hot jurisdiction that has minted billionaires and fanned takeover battles.

Australia has lost its reputation for being at the cutting edge of financial markets technology, and its restoration requires the ASX to face more competitive pressures and for regulators to encourage blockchain’s homegrown adoption.

Carbon markets are going to be a key tool as Australia, and the world, race towards interim net-zero targets. NAB chief climate officer, Jacqueline Fox, says as a major business bank, with a large market share in agribusiness, NAB has strong insights into both the supply and demand sides of the carbon market in Australia.