Australia Financial News

While the cry for crypto regulation is becoming ever louder in much of the world, and regulation by enforcement is a controversy, a report prepared for the New Zealand Parliament has recommended a slow, agile approach. The report was commissioned by the Finance and Expenditure Committee of the New Zealand House of Representatives in 2021 and titled “Inquiry into the current and future nature, impact, and risks of cryptocurrencies.”  

Crypto exchange Binance is considering legal action against its former payment provider Checkout.com, a spokesperson for Binance told Cointelegraph on Aug. 18.

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

Ella Toone's exceptional goal propelled Sarina Wiegman's squad into the lead at halftime, only for Sam Kerr, the star of Chelsea, to even the score for the Matildas shortly after the sixty-minute mark, much to the joy of the enthusiastic home crowd. Reigning European champions, England, demonstrated unwavering determination. Lauren Hemp and Alessia Russo both found the net, securing a magnificent 3-1 victory over their longstanding rivals, making the occasion truly unforgettable. Spain is also on the cusp of their first-ever Women's World Cup final, following their victory over Sweden in the opening semi-final clash on Tuesday. Real Madrid's Olga Carmona, the team captain, delivered a dramatic late-winning strike for Jorge Vilda's side, following the cancellation of Salma Paralluelo's late goal by Rebecka Blomqvist. Here's all the crucial information leading up to the final match.

US aluminium group Alcoa has signed up to a new long-term electricity supply contract with AGL Energy for its Portland smelter in Victoria, meaning the energy-intensive plant will be at least partly reliant on coal-fired power at least through to the middle of next decade.

Private equity firms are increasingly enamoured by the professional services realm, where misfortune is stirring opportunities for the world’s buyout giants.

Financial Review journalists Neil Chenoweth and Edmund Tadros have won five awards at the NRMA Kennedy Awards for Excellence in Journalism including Journalist of the Year for their reporting on the PwC tax leaks scandal.

Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license. 

Deutsche Bank could be set to make a comeback to the Australian M&A scene after a well-heeled hire was announced to staff on Friday afternoon.

Australia-based crypto lender Helio Lending has been sentenced to a non-conviction good behavior bond for a year for falsely claiming it had a local credit license.

Suncorp will provide financial support to smash repair giant AMA in a deal the struggling chain has signed with its key insurance customer.

dollars faced a fifth straight week of losses on Friday as angst over China's ailing economy and surging U.S. bond yields saw support steamrolled by bearish bets. The Aussie was pinned at $0.6411, having shed 1.3% for the week so far to hit a nine-month trough of $0.6365.

Indian stock market is expected to open lower on Friday following selloff in global markets as rising treasury yields weighed on investors’ risk appetite. The Asian markets traded lower following an overnight decline on Wall Street after the treasury yields spiked. Concerns over China’s economic slowdown resurfaced and sentiment weakened after property developer Evergrande filed for bankruptcy protection in the US.

The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place: Whitehaven Coal.

Commonwealth Bank will launch a new payments service known as Powerboard next month, as it ramps up its competitive response to US fintechs Stripe and Block, and protects its grip on retail transaction data from Silicon Valley disruptors.

Little League World Series, a significant event for young baseball players worldwide, is set to take place from August 16 to 27 in Williamsport, Pennsylvania. It will feature 10 U.S. regional champions and 10 international regional winners, totaling 20 teams. The series consists of 38 games scheduled over a 12-day period, concluding with the championship game on August 27. Viewers can watch the games live on ESPN, ESPN2, or ABC. The tournament will run every day from August 16 to 27, except August 25, which is a designated off-day for the teams. Streaming options include Sling TV via subscription and FuboTV with a free trial. Additionally, games can be accessed on ESPN+ but require a cable login.

Matildas captain Sam Kerr has urged Australia to invest more money in grassroots football as the team’s heartbreaking loss to England at the FIFA Women’s World Cup shattereda two-decade long television ratings record.

The boss of one of Australia’s biggest mortgage brokers, Lendi Group, has unleashed an extraordinary broadside at Domain after the real estate platform said it was “actively pursuing an exit” from their joint venture, Domain Home Loans.

Commonwealth Bank-owned startup Unloan forced a former employee to work up to 60 hours a week, perform multiple roles, and then made him redundant after he complained to human resources, the staffer alleges.

Allegro Fund’s carve-up of PwC’s local operations appears to be crossing the Rubicon with the breakaway group, known as Scyne Advisory, signing up more than the 100 partners flagged as a minimum to get it off the ground.

The West Australian government has been forced to push back plans to shut down coal-fired power generation after warnings about supply shortages and summer blackouts within the next two years.