Australia Financial News

24.08 / 05:15

COST UPS star Inside Gold miner’s rubble now worth ‘a couple of billion’

Gold miner Northern Star says its stockpile of once worthless rubble is now valued at $2 billion thanks to the approval of its Superpit mill expansion in Kalgoorlie lowering the cost of processing the precious metal.

24.08 / 05:15

UPS Ford Volkswagen Tesla Toyota Rich Lister pockets $17m in record payout from car profits boom

Australia’s largest car dealership group, Eagers Automotive, is paying out a record first-half dividend to shareholders including Rich Lister Nick Politis, who will collect $17 million because he owns 27.6 per cent of the company.

24.08 / 02:21

COST UPS Booking Patrick stage Qube sees ‘modest’ growth ahead as container imports decline

Logistics group Qube warns that volumes of imported container goods are falling and growth will weaken this financial year after saying income earned from handling cars, grain and commodities helped lift annual net profit 32 per cent to $167.9 million in the year just ended.

24.08 / 02:21

UPS IPO Digital Williams Software show 2024 Alex Bank, Munro Footwear: Meet Ord’s IPO Class of 2024

It may be August but next year’s initial public offering pipeline is already revving up.

24.08 / 02:21

COST UPS Digital Manufacturing stage Slattery green lights Sydney to Perth undersea cable construction

Megaport chairman Bevan Slattery has given the green light to start construction on an undersea connection from Sydney to Perth, signing with Alcatel Submarine Networks to build the 5000 kilometre cable.

24.08 / 02:21

UPS AMD Carlyle Carlyle goes all in on biotech Opthea; MST launches $80m capital raise

Carlyle Group and its life sciences arm Abingworth are doubling down on their investment in Australian biotech Opthea in an ongoing bid to get the company’s lead therapeutic candidate OPT-302 to market, Street Talk understands.

24.08 / 02:15

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

«Overall, we expect global uncertainty to keep the market range bound. However, action could continue in banking and financial Services ahead of the RBI policy meeting minutes release and bank loan growth data,» 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 start GIFT Nifty on the NSE IX traded 7.5 points, or 0.04 per cent, higher at 19,512, signaling that Dalal Street was headed for muted start on Thursday.

24.08 / 01:35

COST UPS IPO Manufacturing Fighting Backed TPG-backed Morrow Sodali eyes tie-up with US peer ahead of IPO

Proxy advisory Morrow Sodali is eyeing a potential tie-up with Alliance Advisors, a move designed to beef up the business ahead of a possible Wall Street initial public offering.

24.08 / 01:35

Provident MET Enterprise The real-world application of AI in retail

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24.08 / 01:35

COST UPS Lowe's Target CEO Reject Shop reinstates dividends, installs Clinton Cahn as CEO

Australia’s largest discount variety retailer, The Reject Shop, has reinstated dividend payments and intends to undertake a further on-market share buyback of up to $10 million, after posting higher sales and profit.

24.08 / 01:35

Strategy Remark KKR Australian KKR offloads Australian Venue Co to PAG Asia Capital for $1.4b

Australian Venue Co, the operator of dozens of hotels and bars including The Esplanade in St Kilda and Bungalow8 and Cargo in Sydney, will be acquired by PAG Asia Capital for around $1.4 billion, sources said.

23.08 / 23:55

COST UPS CEO Mobile Vodafone end Is this the end for iiNet? TPG to dump brands as profit slides

TPG Telecom plans to dump some of its brands and products to cut costs after its interim profits slid 71 per cent to $48 million.

23.08 / 23:55

UPS Provident Lowe's CEO Oscar Future Future Fund leads push into high-grade corporate debt

The Future Fund has doubled to $1 billion its exposure to domestic corporate debt over the past year, as returns on offer in the at-times risky asset class hit their highest level in 15 years.

23.08 / 23:55

UPS Digital Platform Apple Software Dreams Blackbird backs New Zealand Airbnb hopeful with Big Apple dreams

Blackbird Ventures has backed a little-known New Zealand subletting platform Kiki, as the startup tries to take a bite of the Big Apple.

23.08 / 22:53

COST UPS Target Booking CEO judo Judo Bank ‘on clear path to scale’ says its CEO

Judo Bank said its margins will shrink as cheap funding rolls off, but expects lending to small businesses to grow after delivering a full-year net profit eight times higher than a year earlier.

23.08 / 22:53

COST Waters HSBC cover social Deal More than 40 banks commit to AirTrunk’s $4.6b debt deal

More than 40 banks have piled into data centre operator AirTrunk’s $4.6 billion novel debt deal linked to its carbon, energy and water usage, snapping a lacklustre year for Australian borrowers in sustainable financing markets.

23.08 / 19:13

UPS Provident Digital PayPal CEO Bitcoin PayPal is shifting Aussie dollars onto crypto exchanges

PayPal will make it easier to invest in crypto as major banks remain cool on the space, under a deal with Independent Reserve that will allow its customers to use a credit card to send Australian dollars to its digital currency exchange.

23.08 / 19:13

UPS Provident Manufacturing Chevron Wesfarmers wages gas supply war on Woodside

Wesfarmers has singled out Woodside Energy in an escalating row over domestic gas supply in Western Australia, warning the situation in the state is putting investment in critical minerals processing at risk.

23.08 / 19:13

UPS FIVE Booking APA cover APA rules off institutional leg of $750m raise for its big M&A bet

It’s not often that pipelines owner APA Group offers up discounted stock to investors. But when it does, it sure can pull a crowd.

23.08 / 18:25

Binance Tether USDT Asia Bitcoin Mining Difficulty Unstoppable Domains ATH Bitcoin Wallets lazarus Today in Crypto: Bitcoin Mining Difficulty Hits ATH, Unstoppable Domains Launches Unstoppable Messaging Based on Web3 Domains, Binance.US Partners with MoonPay for USD-to-Crypto Conversion, US FBI Identifies 6 Lazarus-Linked Bitcoin Wallets

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

23.08 / 17:41

COST Will TDS apply despite capital loss from sale of property?

I am working in Australia and had invested ₹15 lakh in a residential property in India in January 2018. I now plan to sell the property for ₹18 lakh. Can the buyer deduct tax at the time of payment despite this transaction leading to a capital loss due to indexation? —Name withheld on request There has been a fair amount of debate in the past on whether TDS (tax deducted at source) is to be made on the entire amount of sale consideration or only on the portion of income chargeable to tax.

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