Australia Financial News

31.08 / 08:45

COST UPS performer dividend Takeover Costa delays dividend call with takeover offer up in the air

Costa Group will keep shareholders in the dark about a potential dividend payment and the outcome of takeover discussions with private equity firm Paine Schwartz Partners for at least another fortnight.

31.08 / 08:45

FIVE Extreme Banner EMR performer New Sandfire boss says M&A must pass ‘very’ high bar

New Sandfire Resources managing director Brendan Harris says acquisitions would need to be extremely attractive to distract him from the task of getting the company’s two new mines performing to their full potential.

31.08 / 08:45

COST Provident CEO performer stage Adamantem’s Koczkar says private equity investing should be easier

Adamantem Capital chief executive Rob Koczkar has asked the Albanese government to lower barriers to entry for investment into private equity, and wants to see a simpler process for business owners exploring merger and acquisition options.

31.08 / 08:45

UPS FIVE Merit Strategy Albemarle rock dividend Lithium miner IGO claims $1.1b Greenbushes dividend

Cashed-up West Australian lithium miner IGO has rewarded investors with a hefty dividend after its share of earnings from the world’s largest hard rock lithium mine surged. It signalled plans to double down on its onshore battery metal processing.

31.08 / 08:41

business Art Adoption Binance F1 Binance scouts art for Pierre Gasly’s F1 helmet at Abu Dhabi GP

The winner of a new art competition hosted by Binance will see their design featured on the helmet of racing driver Pierre Gasly from the Alpine Formula One team during the Abu Dhabi Grand Prix on Nov. 26, 2023.

31.08 / 08:05

Provident Target MET show Dreyfus to name and shame pro bono laggards

The Albanese government will name and shame law firms that do not meet national pro bono targets, and is warning the laggards they could lose lucrative government work.

31.08 / 08:05

COST Provident Align ANZ voice Over-regulation strangling smaller bank competition: Bligh

Australian Banking Association chief executive Anna Bligh says over-regulation of the financial sector is strangling smaller lenders with compliance costs and making it tougher for them to compete with the big four banks.

31.08 / 08:05

UPS Provident MET Strategy Forrester New Fortescue hire Kwasi Kwarteng barred from advising on UK affairs

Kwasi Kwarteng, the United Kingdom’s former chancellor, has been barred from advising his potential new employer, mining magnate Andrew Forrest, about UK energy affairs and lobbying the British government.

31.08 / 08:05

UPS Provident Lowe's Progressive Manufacturing Industry fearful on dialled-up grid warnings

Manufacturers unnerved by warnings of potential blackouts as early as this summer have called for urgent intervention to remove roadblocks to new renewable energy projects and slow the retirement of coal-fired power stations.

31.08 / 06:23

business regulation SEC Court Lawyer Courts Crypto may see second wind in the US as courts 'rein in the SEC' — Lawyer

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.

31.08 / 04:21

UPS Backed Gary Paykel-backed NZ biotech launches capital raise; Ords on ticket

New Zealand-based biotech Auckland BioSciences is in the market seeking to raise $NZ10 million ($9.2 million) from high net-worth-investors.

31.08 / 04:21

COST UPS Target FIVE Strategy Regal closes out Magellan short

Magellan Financial has one less short seller to worry about.

31.08 / 04:21

UPS IPO Booking cover Inside Corporate law ‘needs some love’: Freehills partners

For Herbert Smith Freehills partners Tony Damian and Amelia Morgan, the opportunity to shape the debate on corporate law reform was too good to pass up.

31.08 / 03:47

UPS Provident MET Career Manufacturing country Lobby Uranium Why Australia should enrich uranium at home: mining lobby

Uranium should be added to Australia’s critical minerals list and the government should consider domestic enrichment of the nuclear fuel, according to the Minerals Council of Australia.

31.08 / 03:47

COST UPS Power ‘Infinitely higher’: Andrews blames ‘clunkers’ for power bill crunch

Daniel Andrews has warned Victorians to brace for much higher power prices during the energy transition, after the energy market operator identified the state as at key risk of blackouts this summer because the system is running behind on its conversion to renewable energy.

31.08 / 02:01

UPS NASDAQ NIFTY VIX GIFT Nifty down 10 points; here's what changed for market while you were sleeping

Investors would closely watch the GDP data due later in the evening. «Given mixed global cues and derivatives monthly expiry, Nifty is likely to remain in consolidation mode while sector rotation would lead to stock-specific action,» 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 muted startGIFT Nifty on the NSE IX traded 10 points, or 0.05 per cent, lower at 19,468.50, signaling that Dalal Street was headed for muted start on Thursday.

31.08 / 01:45

COST UPS CEO Enterprise Australia Post delivers $200m loss, sinks into red

Australia Post has delivered a $200 million loss, its first major structural loss in more than 30 years, with the losses forecast to continue unless the federal government drastically cuts services.

31.08 / 01:45

COST Provident MET Barrett track dividend Harvey Norman full-year profit slides, dividend slashed

Australia’s largest white goods and home retailer Harvey Norman has posted a double-digit slide in profits and dividends over fiscal 2023, meeting its lower June guidance, and says its on track to deliver it Malaysian expansion plan.

31.08 / 01:37

UPS NASDAQ NIFTY SENSEX 5 things that changed for market overnight: Gift Nifty, US GDP among key global cues for Sensex today

Indian stock market is expected to open higher on Thursday amid positive global cues. Asian markets gained following overnight rally on Wall Street as weak US GDP data resurfaced expectations of a pause in interest rate hike by the US Federal Reserve. Meanwhile investors will watch for India’s April-June quarter GDP data set to be released later today.

31.08 / 00:11

COST UPS Entertainment dividend Silver Silver Lake mulls healthy dividend for TEG as sales process drags on

Silver Lake is evaluating a potential debt deal to pay itself a dividend out of Ticketek owner TEG, its entertainment portfolio company that has been the subject of an estimated $2 billion sale campaign for at least three months.

31.08 / 00:11

Apple Fallout PwC country Inside Australian Can PwC’s Australian business survive the tax leaks scandal?

Before the tax leaks scandal broke this year, PwC was the dominant professional services group in the country.

what's happening in Australia

What is the current situation in Australia?

In Australia, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about Australia?

We publish reliable reports about the situation in Australia, based on information from regional journalists.

What shapes the media agenda in Australia?

The news landscape of Australia is shaped by key decisions by local authorities, reflecting its unique context.