Australia Financial News

14.08 / 19:37

UPS Citi Waters Action Software Simulation Lazard Riverside seeks buyers for $US1b energy business; hires Lazard

Plenty of action in the energy sector – and it’s not just restricted to the generators and retailers. Institutional investors – from Brookfield Asset Management and EIG at Origin Energy and Macquarie at EnergyAustralia – may be looking at those major assets, but Street Talk has found another significant opportunity being marketed by Lazard.

14.08 / 19:37

COST Provident Action Assurant Hawkins Inside The $500m debacle: How insurer IAG missed risk warnings

Top finance veterans, including current Commonwealth Bank director Peter Harmer, declared for years insurer IAG had sound risk-management systems while regulatory debacles costing $500 million ticked away internally.

14.08 / 19:37

COST UPS MET Action cover net zero Farmers can’t afford net zero, says Rinehart

Australia’s richest person, Gina Rinehart, says farmers and the agriculture sector cannot afford the transition to net zero and governments should step in to cover most of the costs.

14.08 / 19:37

UPS Provident Waves Deal BDO USA partners in line for windfall after $2b debt deal with Apollo

New York | Senior partners at accounting firm BDO USA are in line for a big windfall after the arrangement of a $US1.3 billion ($2 billion) debt deal with Apollo Global Management, according to people familiar with the situation.

14.08 / 19:37

UPS Citi BLOCK ANZ Deal Bendigo-Suncorp talks ‘not appropriate’ amid appeal to $4.9b ANZ deal

Bendigo & Adelaide Bank boss Marnie Baker says the regional lender will only circle back with a renewed competitive bid for Suncorp’s bank if the appeals tribunal rejects ANZ’s $4.9 billion all-cash takeover offer.

14.08 / 19:37

COST UPS Oscar performer track Costs Renovators put the brakes on $11b market as costs crunch spending

Australia’s $11 billion renovations market is at the start of its first significant downturn in a decade amid a broader construction crunch and as interest rate increases and rising costs crimp spending on building.

14.08 / 08:15

Digital Amazon Platform Apple film audience exclusive Here’s Where To Watch 'Barbie' 2023 Movie Online Streaming

Since its release, Barbie has made a huge impact on pop culture and fans can’t seem to get enough of the movie. Many are wondering where they can stream the Greta Gerwig-directed film. Without further ado, here’s where you can stream Barbie online.

14.08 / 06:31

Platform Action Chevron country Australia regulator allows union to ballot workers for strike at Chevron LNG platform

SYDNEY (Reuters) — Australia's labour regulator cleared the way for strike action at Chevron (NYSE:CVX)'s Wheatstone platform if workers vote in favour of such a step, fuelling concerns the country's exports could be cut.

14.08 / 06:05

COST Provident Lowe's Barrett cover Bowen won’t fund BHP’s early coal closure

Energy Minister Chris Bowen has rejected BHP’s request for taxpayers to help fund the early closure of one of Australia’s biggest thermal coal mines, signalling he wants a $1.9 billion fund to reduce pollution rather than the nation’s productive output.

14.08 / 02:27

Lowe's Reuters NIFTY SENSEX 6 things that changed for market overnight: Gift Nifty, FII selling to global market cues for Sensex today

Indian stock market is expected to open lower on Monday following weak global cues and is likely to consolidate further. Benign domestic macroeconomic data and outflow of foreign capital is likely to weigh on markets. Investors may react to June factory output growth slipping to a 3-month low, while trade cautiously ahead of other key economic data releases in this holiday-truncated week, including wholesale price index (WPI) and July retail inflation data, exports and imports numbers and forex reserves data.

14.08 / 00:57

UPS Reuters PayDay Caseys Celebrity star Trump National Cameron Smith pockets $7.3m in LIV victory at Trump National

Australian golf star Cameron Smith has enjoyed another monster multi-million-dollar payday with a runaway seven-shot victory at LIV Golf Bedminster in New Jersey.

14.08 / 00:57

UPS Provident Fallout PwC Exodus restrictions PwC partners hit with restrictions if they try to move to rivals

PwC partners who have recently left for rival consultancies say they are being hit with unreasonable restrictions that prevent them from providing services to new clients and withhold part of their pay to make sure they comply.

13.08 / 23:17

COST UPS Action Pool cover Households may abandon insurance as premiums soar

Some households may choose to abandon home insurance altogether as premiums soared 28 per cent in the past year and up to 50 per cent in high-risk areas such as flood zones, according to a new report.

13.08 / 23:17

Provident Digital CEO Platform Apple show country Returns Apple returns fire on CBA, defends payment service from new regulation

Apple says the federal government’s plan to regulate its payment services is a dangerous overreach and is being driven by the self-interested misrepresentations by major banks about how the iPhones work.

13.08 / 23:17

COST track 2024 Aurizon looks forward to 2024 after annual profits slide 46pc

Aurizon has forecast higher coal and bulk haulage volumes in the year ahead after the rail group’s annual net profit fell 46 per cent to $276 million.

13.08 / 23:17

COST UPS Mobile performer Drop JB Hi-Fi flags sales drop after record year

JB Hi-Fi says sales weakened in July after reporting a 4.3 per cent jump in revenue last year to $9.63 billion – higher than some estimates. Annual earnings and profits fell, leading to a lower dividend.

13.08 / 22:09

Target FIVE Action Strategy ANZ performer Energy transition to ‘reshape bank balance sheets’: Ken Henry

The economic transformation that climate change is forcing on the economy will “reshape the balance sheets of the Australian banks” and “some will fare better than others”, former National Australia Bank chairman Ken Henry says.

13.08 / 20:01

Blockchain Binance Digital Extreme Platform ANZ social Crypto platforms a ‘getaway’ for half of scam proceeds

Half of all proceeds from fraud and financial scams in Australia are being washed through cryptocurrency platforms, according to data from the Australian Financial Crimes Exchange.

13.08 / 20:01

UPS Gap performer blues accounting Accounting firm Kelly Partners bankers up for strategic review

ASX-listed accounting group Kelly Partners has hit the ground running on its mooted strategic review, drafting in Jefferies Australia to consider capital structure and ownership options to solve its valuation blues.

13.08 / 20:01

UPS Provident VISA Platform Action Chevron Woodside rejects union claims it is looking for ‘scab’ labour

Trade unions claim Chevron and Woodside Energy are seeking to source “scab” labour to ward off the risk that a strike leads to a cut in gas production in Western Australia, escalating tensions amid the brewing industrial action.

13.08 / 20:01

UPS Action Discover TikTok show social TikTok GST fraud hit on Tax Office blows out to $4.6b

The Tax Office has admitted paying out more than $1.6 billion in fake GST claims as part of a $4.6 billion fraud based on a simple scheme promoted on social media platform TikTok – a total that is twice previous reports and the biggest tax fraud in Australian history.

breaking news about Australia

What is the current situation in Australia?

In Australia, the spotlight is on major events that impact the interests of residents.

Where can I find reliable news about Australia?

We publish verified updates about the situation in Australia, based on information from official representatives.

What shapes the media agenda in Australia?

The news landscape of Australia is shaped by key decisions by local authorities, reflecting its unique context.