Australia Financial News
06.09 / 11:19
NOT
Sri Lanka is uncovering mass graves but not the grisly truth of its civil war
Aboriginal Australians may at last be given a say in their own affairs (Jun 29th) Japan is nostalgic for a past that was in part worse than its present (Jun 22nd) Narendra Modi is the world’s most popular leader (Jun 15th) Also: How the Banyan column got its name
06.09 / 10:17
COST
UPS
MET
BLOCK
Aviat
Airlines
NOT
‘Could not be more evasive’: Dutton targets King over Qantas
Transport Minister Catherine King says she does not recall being lobbied by former Qantas boss Alan Joyce before she blocked more Qatar Airways flights, which the Coalition says commercially benefited Qantas.
06.09 / 10:01
Provident
Waters
Extreme
Corning
Southern
From rice to palm oil, Asian crops output forecast lower as El Nino strengthens
El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies. While wheat output forecasts are being revised lower due to dry weather in Australia, the world's second largest exporter, record-low monsoon rains are expected to reduce the volume of crops, including rice, in India, the world's biggest shipper of the grain, meteorologists and analysts said. Insufficient rains in Southeast Asia, meanwhile, could dent supplies of palm oil, the world's most widely used vegetable oil, while extreme weather in top corn and soybean importer China is putting food output at risk. «We are in full-blown El Nino weather in several parts of the world and it is going to intensify towards the end of the year,» said Chris Hyde, a meteorologist at U.S.-based Maxar, which provides climate data analytics. «The weather pattern in Asia will correlate with dry El Nino conditions.» El Nino is a warming of Pacific waters which typically results in drier conditions over Asia and excessive rains in parts of North and South America. LACK OF RAINS IN INDIA, AUSTRALIA India's monsoon rains, crucial for summer crops such as rice, sugarcane, soybeans and corn, are poised to be the weakest in eight years. «The impact of El Nino is much greater than we had anticipated,» said a senior India Meteorological Department official. «This month is going to end with a deficit of over 30%, marking it as the driest August on record.
06.09 / 10:01
Provident
Manufacturing
country
Mathura, Vrindavan exported Lord Kirshna poshak (costume) worth Rs 200 crore to over 40 nations this year
Krishna and other deities, in anticipation of Janmashtami. As per a TOI report, business owners in the region have reported a surge in demand this year, with bulk orders pouring in from over 40 countries, including the US, Australia, New Zealand, the UAE, and several European nations. Some projections suggest that Janmashtami sales could exceed a staggering Rs 200 crore. Anil Agarwal, hailing from a family with a rich history in apparel manufacturing, told TOI, «In the run-up to the festival, we've shipped costumes worth crores to overseas destinations and various states across India.
06.09 / 09:38
06.09 / 09:35
UPS
Cooper
country
Support
We support India in hosting G20 summit, ready to work, improve relations: China
G20 Summit and it's ready to work with all parties to push for the success of the high-profile global conference in New Delhi this week. At the G20 summit, the spokesperson said China always attaches high importance to the grouping and actively participates in relevant activities. "We support India in hosting this year’s summit and stand ready to work with all parties to make the G20 Summit a success," she said at the conference to be held in New Delhi on September 9-10.
06.09 / 08:39
COST
UPS
NAB to cut 222 back office jobs
National Australia Bank is planning to cut 222 jobs in the personal lending, technology, corporate finance and client coverage departments.
06.09 / 08:39
06.09 / 08:39
UPS
Provident
Target
Backed
TPG Asia-backed TissuPath tangled in data breach
Global private equity giant TPG’s Australian pathology business, TissuPath, has suffered a data breach with a decade’s worth of patient request forms being released on the dark web.
06.09 / 08:39
COST
Waves
Gap
Tesla
tax breaks
Tesla’s call for tax breaks for lithium is ‘on the table’: minister
Resources Minister Madeleine King says tax breaks for critical mineral projects and lithium processing are “on the table”, as the government seeks to compete with US and allied nations for international investment.
06.09 / 08:39
UPS
Waters
JPMorgan
UBS
APA
Albemarle
JPMorgan’s Julian Peck steers investment bank to year’s biggest deals
Less than a year since returning to banking, Julian Peck, JPMorgan’s head of investment banking for Australia and New Zealand, has hit the ground running with large deals, but admitted there is work to do for the US bank to claw market share away from rivals like Goldman Sachs and Morgan Stanley.
06.09 / 07:47
Australia clears law to challenge the monopoly of main market operator ASX
The main category of ASX's business of operation include four divisions, ie listings, markets, technology and data, and securities and payments.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
06.09 / 07:31
NFT
Artists
Justin Bieber hit track becomes NFT for royalty-sharing
On Sep. 7, the blockchain-centric music tech platform anotherblock and the co- producer of the track Andreas Schuller, also known as Axident, will drop the track “Company” as an NFT with only 2,000 available.
06.09 / 05:45
Blockchain
COST
UPS
Provident
Digital
Racing
chess
ASX’s new CHESS oversight group put on notice by Greg Medcraft
Former ASIC chairman Greg Medcraft has urged the leader of the ASX’s new clearing and settlement advisory group, Alan Cameron, to make sure the exchange does not abandon blockchain technology and be left behind in the global capital markets technology arms race.
06.09 / 05:45
UPS
FIVE
BLOCK
Mobile
Enterprise
Vic bus bigwig Ventura lures offshore bidders despite contract risk
Victoria’s biggest bus operator Ventura Group is understood to be fielding interest from at least two overseas bidders, despite questions raised around its ability to retain juicy government contracts come 2028.
06.09 / 04:51
UPS
Digital
CEO
Limelight
NOT
I will not be surprised if Brent@$100 in September : Peter McGuire
Peter McGuire, CEO, XM Australia, says “the uncertainty across the whole sector was severely sold down as far as the producers were concerned. It has rallied very strongly in the last couple of months from that early $70s all the way through to early 90s. There seems to be further upside ahead of it. Many traders are now saying $100 is achievable in September, and I would not be surprised if it takes that number out.”What is leading to the crude rally and do you see an escalation above $90 on Brent?Yes, a couple of things.
06.09 / 02:51
Platform
Fintech Upstreet throws in the towel
Upstreet, a local fintech that rewards shoppers with fractional shares on the ASX and US stock exchanges when buying everyday items, has shut shop seventeen months after it raised $3 million from investors.
06.09 / 02:07
COST
UPS
Provident
Manufacturing
show
Australian
Australian economy grows slightly more than expected in Q2
Investing.com-- The Australian economy grew a touch above expectations in the second quarter, data showed on Wednesday, as strong exports and infrastructure spending helped offset the impact of sticky inflation and high interest rates.
06.09 / 02:07
COST
show
Australia Q2 economy posts modest growth, eases recession fears
(Refiles to fix typo in headline)
06.09 / 01:45
UPS
Reuters
SoftBank
NIFTY
SENSEX
6 things that changed for market overnight: Gift Nifty, oil price rally to global market cues for Sensex today
Indian stock market is expected to open on a cautious note Wednesday amid mixed global cues. While Asian markets traded mixed, US stock indices ended lower overnight as a rally in crude oil prices stoked inflation worries. Investors remained cautious as crude oil prices surged to 10-month high levels after Saudi Arabia and Russia announced to extend their voluntary oil production cut through the end of the year.
06.09 / 00:51
UPS
CEO
audience
Macquarie
Macquarie revises outlook as asset sales push out to second half
Macquarie Group’s asset management arm downgraded its short-term outlook as it expects returns from potential asset sales to push out into the second half of the investment bank’s 2024 financial year.
breaking news about Australia
What is the current situation in Australia?
In Australia, the spotlight is on local government initiatives that spark public discussion.
Where can I find reliable news about Australia?
We publish verified updates about the situation in Australia, based on information from trusted sources.
What shapes the media agenda in Australia?
The news landscape of Australia is shaped by the region’s internal dynamics, reflecting its specific characteristics.