Australia Financial News

Pilbara Minerals has raised the prospect of paying a special dividend and buying back shares after the lithium miner produced what chief executive Dale Henderson described as an “incredible set of numbers” in 2022-23.

Madrid | Spanish soccer boss Luis Rubiales on Friday refused to quit for grabbing star player Jenni Hermoso’s head and kissing her on the lips after Spain’s Women’s World Cup victory, leading 56 national team members to mutiny and the government to denounce his “macho actions”.

Motoring groups have urged the Albanese government to adopt a cautious approach to emissions reforms, after research was released indicating the cost of electric vehicles pitched at the mass market would still be up to 50 per cent more expensive than regular vehicles in 2030.

IDFC First Bank has won the title sponsorship rights for all BCCI matches for domestic and international cricket for the next three years for ₹4.2 crore per match, two people aware of the matter said. The Board of Control for Cricket in India had issued its invitation to tender for the rights earlier this month after Mastercard Inc. exited in March as title sponsor for team India.

HS Prannoy extracted the last ounce of energy from his reservoir to stun two-time defending champion Viktor Axelsen of Denmark in a thrilling 68-minute quarterfinal to ensure a medal for India in the World Badminton Championship here on Friday. In a nail-biter, Prannoy once again showed his big-match temperament as he fought back from a game down to outwit the world No.

IDFC FIRST Bank has bagged the title rights for home international series of the Board of Control for Cricket in India (BCCI), announced the Indian cricket board on 25 August, adding the private lender would pay a sum of ₹4.2 crore per international game. The BCCI said that the contract will commence for a three-year-long period starting from the three-match ODI series that India will host against Australia.

Cricket in India (BCCI) has awarded the title sponsorship rights for all BCCI international and domestic home matches to banking company IDFC First. According to sources privy to the development, IDFC First will pay Rs 4.2 crore per match, which translates to Rs 235.2 crore for the 56 matches that the Indian cricket team will play during the three-year cycle. The base price for the title sponsor rights was Rs 2.4 crore per match, which worked out to Rs 134.4 crore for the three-year period. IDFC First's per-match fee will be higher than the Rs 3.8 crore per match that MasterCard and Paytm paid during the previous cycle from September 2019 to March 2023. Apart from IDFC First, Sony Pictures Networks India was the only other bidder. It had bid Rs 2.4 crore per match, which was the base price set by the BCCI for the title sponsorship rights. Earlier, fantasy sports platform Dream11 had bagged the lead sponsor rights for the Indian cricket team for a base price of Rs 358 crore. In a statement, the BCCI said that the sponsorship and the activations around the title sponsor are aimed at enhancing IDFC First’s connection with cricket lovers across the country and beyond. The title sponsorship will kick off with the 3-match ODI series against Australia, scheduled to begin next month. The three-year title sponsor rights will kick off in September this year and end in August 2026.

Australian government has swiftly moved to close a visa loophole that allowed international students to enroll in less expensive vocational courses upon their arrival in the country. Effective immediately, this loophole will be sealed. International students often took advantage of a provision known as the «concurrent study» rule, which permitted them to pursue additional courses alongside their primary studies, with the aim of enhancing their job prospects through short-term programs. However, recent investigations have brought to light a significant number of students misusing this rule, choosing to abandon their university studies in favor of more affordable courses. According to data, there has been a notable surge in concurrent study enrollments during the first half of 2023, totaling 17,000, compared to a combined total of 10,500 for the same period in both 2019 and 2022.Education Minister Jason Clare stated, «This change will work to stop predatory 'second' providers from enrolling students before they have studied for the required six months at their first provider.»

Epic Games’ video game, the Fortnite Chapter 4 Season 4, has been known to users for a while now. Reports say that the official story and/or Battle Pass trailer will be revealed during the Fortnite downtime. But there are some teasers and leaks on social media.

The Associated Press. Rubiales, 46, is expected to stand before representatives of Spain’s regional federations, clubs, players, coaches, and referees in Madrid at noon local time. Local media reports stated that he is expected to step down.

Investing.com — Most Asian currencies fell on Friday, while the dollar surged to two-month peaks as markets hunkered down ahead of more signals on monetary policy from the Jackson Hole Symposium.

By Lewis Jackson and Praveen Menon

It’s no longer “on” and then “off” when it comes to Australia’s coal power stations, as developments this week have made clear.

First it was a resurgence of vinyl records. Then film photography. Now print magazines are fashionable again, relaunching in Australia and attracting millions in luxury advertising revenue after years out of business. But while they’re back, it is with a different audience, purpose and model.

Indian stock market is expected to open lower on Friday tracking losses in global peers amid a rise in US Treasury yields as traders await Federal Chairman Reserve Jerome Powell’s speech for clues on the interest rate outlook. Asian markets traded lower, while US stocks ended in the red on Thursday as investors sentiment turned cautious. On Thursday, the Indian benchmark equity indices, Sensex and Nifty, closed lower on profit booking in shares of select heavyweights.

«Nifty in the meantime is expected to remain in a narrow range with some stock-specific action 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 18.5 points, or 0.10 per cent, higher at 19,311.50, signaling that Dalal Street was headed for positive start on Friday.

The CEO of Australian crypto exchange Independent Reserve says it has turned to payments giant PayPal to hedge against increasing bank restrictions against crypto exchange payments.

Aussie Broadband managing director Philip Britt has forecast further consolidation and says the telecommunications group is going after Telstra’s customers as annual net profits quadrupled to $21.7 million.

Strategy consulting firm McKinsey has admitted to 15 workplace misconduct complaints in the past five years at its Australian offices, including one of sexual harassment, and says it has settled a discrimination claim from a fired employee.

Indiabulls Housing Finance has repaid ₹2,232 crore of external commercial borrowings (ECBs) raised in 2018 from Barclays, Japan's MUFG and Sumitomo Mitsui Banking Corp, Taiwan's CTBC and Australia and New Zealand Banking Group (ANZ), bringing to an end a deleveraging process the company started after IL&FS had foundered in 2018. Chief executive Gagan Banga said with the repayment on Thursday, the company has repaid all of its $3 billion foreign currency borrowings availed of in the last few years and will now shift focus to growing its assets under management (AUM). «From here on our debt repayments are merely ₹400 crore to ₹700 crore a month. This will be more than comfortably covered by repayment from the loan portfolio.

Opposition Leader Peter Dutton has put the Albanese government’s move to block more Qatar Airways flights to Australia on the political agenda, saying it had provided “no coherent reason” for the decision.