Australia Financial News

15.08 / 03:31

UPS Citi Lowe's Nov country Dollar firm, yuan slides after China unexpectedly cuts rates

China's central bank unexpectedly cut key policy rates for a second time in three months on Tuesday to shore up the country's sputtering economy. The yuan weakened as far as 7.3115 per dollar for the first time since Nov. 4 in offshore trading, before bouncing back as major state-owned banks were seen selling dollars to support the local currency.

15.08 / 03:15

COST UPS Career PwC Deloitte audit EY audit pay rates stay the same despite inflation

The starting pay for most auditing staff in parts of EY’s financial services division will not increase this year, at the same time the firm has told clients that “significant wage inflation” had forced it to increase its audit fees.

15.08 / 03:15

UPS Provident Target Progressive Action Gap Debelle attacks ‘complacency’ in carbon reduction efforts

Fortescue Future Industries director Guy Debelle has accused the federal government of lacking urgency in backing up climate targets with actual measures to drive decarbonisation, saying that another horrendous summer of bushfires might be needed to galvanise Canberra into action.

15.08 / 02:29

UPS BLOCK Digital Waters Strategy electronic Macquarie Macquarie and Max Beck sell Active Utilities to Germany’s Patrizia

Macquarie Asset Management and Melbourne’s Beck Corporation have agreed to sell Active Utilities to German real estate asset manager Patrizia.

15.08 / 02:29

FIVE Career stage cover Macquarie’s head of resources research jumps to Argonaut

Perth-headquartered resources specialist Argonaut has dipped into Macquarie’s sell-side ranks to appoint a new head of research.

15.08 / 01:37

COST UPS Target Progressive CEO Buyback NAB flags higher loan losses, unveils $1.5b buyback

National Australia Bank raked in $1.9 billion in cash earnings over the June quarter, while reporting a “modest” deterioration in the quality of loans and lower margins from home loan competition.

15.08 / 01:01

UPS Waves FIVE COMPOSITE An ESG shake-up is coming for the crucial JORC mining code

Mining companies will need to disclose more information about the potential for environmental issues or native title disputes to affect future development of mineral discoveries, under proposed changes to the guidelines that underpin Australia’s biggest export industry.

15.08 / 01:01

COST Provident awards show stage track Inside KPMG staff improperly shared Defence material with colleagues

A KPMG staff member had a laptop that contained Defence information stolen from their driveway in 2019, while another KPMG staffer forwarded material improperly to colleagues at the firm.

15.08 / 00:07

COST UPS Target FIVE CEO Barrett Returns Temple & Webster returns to growth

Home furnishings e-commerce company Temple & Webster restored sales growth to double-digits in the new financial year, after its sales and profit tumbled over fiscal 2023.

14.08 / 22:55

COST CEO Immunic show social CSL profit rebounds on plasma, blockbuster drug sales

Blood products giant CSL has lifted full year underlying profit 10 per cent to $US2.61 billion ($4 billion) after a surge in sales of its core immunoglobulin division led by blockbuster therapies Privigen and Hizentra.

14.08 / 22:55

COST UPS Ford performer dividend Power Wine Penfolds power enables Treasury Wine Estates to lift dividend

A strong performance from the high-end Penfolds division has helped Australia’s largest wine group Treasury Wine Estates withstand a tougher consumer spending environment, with demand for more expensive wines still robust even after price rises.

14.08 / 22:55

UPS Backed valuation Holmes à Court-backed super fund rules off raise at $225m valuation

ESG-flavoured superannuation and investments start-up Future Super has ruled off its series C round, securing fresh capital from new and existing investors at a $225 million valuation.

14.08 / 22:55

Aware Platform Fallout TikTok track cover social ATO ATO secrecy review expanded to cover TikTok fraud

A Treasury review into secrecy laws that bind the Tax Office will consider the fallout from a $1.6 billion tax fraud scheme executed via TikTok, as federal Labor promises enhanced rules to protect taxpayers.

14.08 / 21:13

performer stage star Time England vs Australia: See kick-off time, how to watch FIFA Women's World Cup Semi-Final match on TV, live stream

England is set to face a challenging test against co-hosts Australia as they compete for a spot in the final. Sarina Wiegman’s team overcame a deficit to defeat Colombia, shortly after Australia's victory over France in a dramatic penalty shootout. Despite some inconsistent performances in the tournament, England holds significant experience on this stage and currently carries momentum. However, prevailing over the co-hosts is a formidable challenge. The game holds immense importance, intensified by the substantial home support rallying behind Australia.

14.08 / 19:49

Provident Action DELL country Carver Discounts Australian Customers Australian court fines Dell unit $6.5 million for misleading customers on discounts

By Navya Mittal

14.08 / 19:37

SUN Landmark Solomonic country social rock Fortescue has ‘stolen’ and ‘destroyed’ Yindjibarndi land: elder

Fortescue Metals Group had “stolen” and “destroyed” Yindjibarndi land, a visibly upset traditional owner told the Federal Court during an on-country hearing in a landmark compensation case.

14.08 / 19:37

UPS MET RIO show cover Rinehart defrauded her children in ‘calculated’ scheme, two of them claim

Australia’s richest person Gina Rinehart engaged in a “calculated and deliberate fraud” of her own children by transferring away from them the rights to valuable mining tenements in the 1990s, their lawyers claim.

14.08 / 19:37

UPS COP DiRT Premium Delta Big line of West Australia’s Delta Lithium trades at 23pc premium

West Australian explorer Delta Lithium delivered some aftermarket excitement on Monday evening, as brokers crossed a line worth 11 per cent of the company at a hefty premium.

14.08 / 19:37

Provident CEO Airlines Remark stage country More flights ‘good for travellers and exporters’

Exporters as well as travellers would benefit from expanding flights to Australia, especially from the Asia-Pacific and the Middle East, Melbourne Airport’s chief executive said.

14.08 / 19:37

FIVE Man CEO Instagram show track Returns Ex-Mayfair head Mawhinney’s new website pitches double-digit returns

A website owned by serial fund promoter James Mawhinney that says it helps Australians spot scams has been pitching an investment of its own to users – touting returns of between 10 and 15 per cent to potential financiers.

14.08 / 19:37

COST CEO Southern country social ‘Give Gold Coast the money’: Katie Page backs joint Commonwealth Games

Harvey Norman chief executive Katie Page has become the latest high-profile executive to throw support behind another Gold Coast Commonwealth Games, urging the Victorian government to give the money it was planning to spend to mayor Tom Tate.

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