Australia Financial News

A group of Indigenous Australian Rules football players, led by 1980s legend Phil Krakouer, launched a landmark class action against the AFL on Friday, claiming the game failed to protect players from vile racial abuse on the field that resulted in life-altering damage.

Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.

Asia Cup 2023: This is not a very great start for Pakistan's ODI team. The team which entered the Asia Cup 2023 with the confidence of No.1 ODI team in the world rankings is now eliminated from the Asia Cup after Sri Lanka's nail biting finish and victory by 2 wickets.

Develop Global boss Bill Beament has lashed out at an independent expert finding that its takeover offer for lithium hopeful Essential Metals is “not fair but reasonable”.

Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.

Hong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row. 

Federal Energy Minister Chris Bowen says electric planes will be in the skies and a green hydrogen industry will be up and running by the end of the decade, as Australia charts its course to net zero carbon emissions by 2050.

Sales at Metcash are continuing to grow – underpinned by food, alcohol and hardware – but the wholesale distributor has warned higher interest rates are pushing consumers to cheaper products and impacting confidence.

PwC Australia’s leadership is trying to stem a rising tide of partners leaving by enforcing a rule that obliges senior staff involved in a “group departure” to a rival firm to pay back the fees they generated in the previous year.

rupee ended at 83.03 a dollar. The dollar jumped overnight after US retail sales increased 0.6% in August versus an estimated 0.2% rise. “USDINR is expected to rise towards the higher end of the consolidation range 82.80-83.20 amid firm dollar.

Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the good vibes from expectations that tightening campaigns by the world's biggest central banks were close to over. The dollar stuck close to a six-month peak from overnight against major peers, buoyed by robust U.S. economic data, while the euro sagged following the European Central Bank's signal that Thursday's rate hike was probably the last this cycle. Crude oil hit a fresh 10-month top. MSCI's broadest index of Asia-Pacific shares rallied 0.84%. Japan's Nikkei jumped 1.33% to a two-month high. Hong Kong's Hang Seng added 1.2%, and mainland Chinese blue chips rose 0.2%, flipping from early small losses. Australia's stock benchmark surged 1.75%. U.S.

dollar was on the front foot in Asia on Friday, retaining overnight gains against peers after strong U.S. economic data and an ECB rate hike, with traders' attention warily turning to a data deluge from China. U.S.

Indian stock market is expected to open higher Friday led by positive global cues amid improved domestic investor sentiment. Asian markets traded higher, while the US stock market ended with gains overnight amid easing fears of recession in the world’s largest economy. On Thursday, the domestic benchmark equity indices ended at record high level with the Nifty closing above 20,100-mark.

«Overall, we expect the market to maintain its positive trend on the back of strong domestic macroeconomic data. However, bouts of volatility cannot be ruled out given mixed global cues,» 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 12 points, or 0.06 per cent, at 20,229.50, signaling that Dalal Street was headed for positive start on Friday.

FIFA Best Men's Coach Award 2023? The nominations for the coach award have been unveiled with Pep Guardiola leading the shortlist. Others who have made it to the shortlist include Barcelona boss Xavi Hernandez, who won the league title in his first full season as in-charge of the club. AC Milan manager Simone Inzaghi, former Napoli boss Luciano Spalletti and Ange Postecoglou are on the shortlist. Ange Postecoglou won a historic treble with Celtic last season and is now managing Tottenham. Pep Guardiola made history last season when he became the first man to win trebles. He won trophies with two different clubs after guiding Manchester City to success at home and abroad. The Manchester City manager also made it to the shortlist last year but finished behind Argentina coach Lionel Scaloni, who took away the top prize after winning the World Cup in Qatar.

Ex-Carlyle Australia boss Simon Moore’s private equity firm Colinton Partners has set the wheels in motion for what could be a $350 million exit at its cleaning services business Dimeo.

Transport Minister Catherine King has refused to provide documents explaining her decision to deny Qatar Airways additional landing rights to the Senate, citing public interest immunity.

Kuwait has warned the Albanese government that its proposed ban on live sheep exports is effectively futile because the emirate will not buy any more chilled meat from Australia and will simply source livestock from other countries instead.

On 24 August 2023 The Australian Financial Review published an article concerning insider trading charges brought against Mr Duncan Stewart.

Incoming Reserve Bank governor Michele Bullock has updated her register of personal interests after failing for more than a year to declare she was a member of the exclusive Qantas Chairman’s Lounge.

CBS fall line-up for 2023 offers a mix of scripted and unscripted content, including some highly anticipated shows. Here's a breakdown of what you may consider to watch.