Australia Financial News

29.08 / 08:01

Lowe's Booking Pool show track end Non-bank borrowers at the pointy end of mortgage stress

Borrowers with a mortgage at a non-bank lender are more stressed than those with major banks and regulators will step in if they pose a “broader systemic risk” to the financial system, the prudential watchdog says.

29.08 / 08:01

UPS FIVE Progressive Southern Albanese hands $3b to decarbonise remote WA

The federal government will pour billions of dollars into Western Australia’s north-west energy grid to spur a private sector transition to renewable power in the state’s mining heartland.

29.08 / 08:01

COST UPS Action cover electronic Lynas hit with cost blowout on rare earths plant

Lynas Rare Earths blames inflationary pressures, approval delays and deadlines imposed by Malaysian authorities for a big cost blowout on a downstream processing plant under construction in Western Australia.

29.08 / 06:33

FIVE Metro Beyond the boom

Australian infrastructure is at a tipping point. Policymakers are rethinking how and where they spend money, Infrastructure Australia is being overhauled, tolling systems are being reviewed, and new bodies like the High Speed Rail Authority and National Construction Industry Forum are being created to plan for the future.

29.08 / 06:33

UPS Manufacturing Strategy Albemarle voice Billionaire MinRes boss charts new course for lithium

Mineral Resources is in talks with car makers about joining forces in lithium after ditching battery chemicals giant Albemarle as a partner in processing as it tries to divert its mineral output away from China.

29.08 / 06:07

Adoption Survey ChatGPT Consumer surveys show a growing distrust of AI and firms that use it

Consumers are developing a widening “trust gap” with companies using artificial intelligence, with many airing concerns about the potential unethical use of the technology, according to a new Salesforce survey.

29.08 / 06:01

UPS COMPOSITE Toyota track Stock market today: Asian shares mostly rise as attention turns to earnings, economies

Asian shares are mostly rising as markets shift their attention from the U.S. Federal Reserve to earnings and economic reports

29.08 / 05:35

COST Williams CEO Strategy performer Lark banks on luxury drinkers to get it out of the red

The new chief executive of Tasmanian whisky company Lark Distilling Co expects high-end drinkers to keep spending in tougher economic times in Australia, as he banks on an expansion into Asia to reverse a tumble into the red.

29.08 / 05:35

IPO Provident Manufacturing CEO JPMorgan SoftBank Deal Why the world’s biggest IPO matters to Australia’s deal makers

SoftBank-backed British semiconductor and chip manufacturer Arm will start investor meetings next week, ahead of what is slated to be the year’s biggest initial public offering.

29.08 / 05:35

COST Provident Lowe's Digital Google Apple Apple says the banks are just whinging about cost of Apple Pay

Apple says the fees it charges Australian banks for using Apple Pay are not a money making exercise, and should be regarded as good value given the tech giant’s digital wallet reduces fraud rates and improves payment experiences for people who transact on iPhones.

29.08 / 04:57

COVID rsv Canadian doctors brace for another ‘tripledemic’ – COVID-19, RSV and influenza

As Canadians continue to enjoy the last bit of summer’s sun-soaked days, doctors say they are bracing for a potential “tripledemic” of influenza, respiratory syncytial virus (RSV) and COVID-19, signalling the imminent arrival of respiratory flu season.

29.08 / 04:13

COST UPS Provident FIVE performer Zip loss narrows, volumes rise as BNPL adapts to downturn

Zip Co is still running a hefty annual loss but reported record transaction volumes and revenue, despite the discretionary spending slowdown, suggesting there may still be some life in the buy now, pay later sector.

29.08 / 04:13

COST UPS Manufacturing CEO performer Milklab owner Noumi’s annual loss narrows

Noumi, the manufacturer of MilkLab and other plant-based dairy products which formerly traded as Freedom Foods, posted a narrower annual net loss of $46.9 million as it advances a turnaround for the business having nearly went under two years ago.

29.08 / 04:13

UPS IPO Booking Southern Chariot Corp kicks off IPO capital raise; eyes October listing

Say hello to the ASX’s newest lithium explorer.

29.08 / 02:53

Strategy BAY RBC show tenor Asian stocks economic data Asian stocks climb with economic data in focus

Asian stocks broadly rose after US equities moved higher, with traders awaiting a raft of economic figures over the next few days for clues on the outlook for global central bank policy. An Asian equity gauge climbed 0.5%, supported by gains in Hong Kong, Japan and Australia. Shares in mainland China fell at the open, before heading into positive territory.

29.08 / 02:39

DNA Australian Australian doctors find live parasitic worm in woman's brain

AFP, Following the woman's struggle with memory lapses, perplexed doctors conducted an MRI scan. The scan revealed an unusual abnormality at the frontal part of her brain, leading to the astonishing discovery of an eight-centimetre (three-inch) roundworm known as Ophidascaris robertsi. AFP noted that researchers have clarified that this type of roundworm is commonly found in kangaroos and carpet pythons but not in human beings.

29.08 / 02:03

UPS Strategy NIFTY SENSEX Nikkei KOSPI US stocks 5 things that changed for market overnight: Gift Nifty, US stocks, Japan's jobless rate to global cues for Sensex today

Indian stock market is expected to open on a strong footing Tuesday led by positive global cues as Asian markets traded higher, while the US stocks also gained overnight. Investors await the release of key economic data this week that will guide the market going ahead. On Monday, the domestic benchmark equity indices Sensex and Nifty ended higher, snapping two-day losing streak, amid largely positive global cues after China announced steps to give a boost to its market.

29.08 / 01:33

COST UPS Citi Entertainment star Australia's Star Entertainment swings to annual profit, debt falls

(Reuters) — Australia's Star Entertainment Group swung to an annual profit on Tuesday as operating conditions continued to stabilise and revenues improved across segments, also helping the cash-strapped casino operator significantly reduce its debt levels.

29.08 / 01:13

UPS FIVE CEO PwC Accenture Deloitte show The firms with the most misconduct complaints, and the least

Staff at KPMG and Deloitte are most willing to lodge workplace complaints and least likely at Accenture, misconduct data disclosed by the nation’s five major consulting firms show. EY and PwC sit in the middle of the pack.

29.08 / 01:13

UPS Australian Australian Pacific Coal in equity raise to restart Dartbrook mine

Australian Pacific Coal, which saw Nathan Tinkler, Matt Latimore and the Paspaley family lock horns in a heated takeover battle last year, was out pitching a $12 million equity raising to investors on Tuesday morning to restart its Dartbrook mine in Hunter Valley.

29.08 / 00:39

Doctors pull 8-centimetre-long live worm from patient’s brain during surgery

A woman who underwent brain surgery for a host of medical complaints got far more than she bargained for when doctors pulled an eight-centimetre-long live worm from her brain.

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