Australia Financial News

10.08 / 14:51

Provident Target country Renewables pension Exclusive-Canadian pension funds explore $6 billion sale of renewables firm Cubico -sources

By Isla Binnie and Andres Gonzalez

10.08 / 14:05

Citizens VISA Airlines country boost China Lifts Ban on Group Tours to U.S. and Other Countries, in Boost to Global Travel Industry

HONG KONG—China lifted restrictions on group tours to the U.S., Australia, South Korea and Japan on Thursday, a move that is set to boost global tourism after three years of pandemic restrictions. China’s Ministry of Culture and Tourism added almost 80 new destinations to a list of countries approved for group travel on Thursday, with immediate effect. The countries were the third batch of places that group tours led by travel operators can now visit, including some in East Asia that are among the most popular destinations for Chinese holiday makers.

10.08 / 13:43

UPS Mobile awards performer Ahead of 54th convocation, IIT Delhi sets milestones for upcoming year

Abu Dhabi and Jhajjar, flexibility in existing courses and overall wellness of students are the top focus areas for Indian Institute of Technology Delhi for next year, director Rangan Banerjee told ET. The revision in curriculum will see inclusion of sustainability and communication skills which would most likely have credits as part of the existing courses. «We are still deciding how to incorporate these relevant subjects,» Banerjee said on the sidelines of a pre-convocation press briefing.

10.08 / 13:09

Provident Stealth India, Japan, US, Australia to hold first Malabar naval exercise off Australia

Maritime Self Defence Force (JMSDF) and the Royal Australian Navy (RAN) will participate in the excercise, it added. The Malabar series of maritime exercise commenced in 1992 as a bilateral exercise between Indian Navy and US Navy and has grown in stature over the years to include four prominent navies in the Indo-Pacific Region. The 2020 edition witnessed the maiden participation of the Royal Australian Navy (RAN).

10.08 / 11:53

COST UPS Target Strategy Costs Dollar weakens ahead of CPI, energy costs back on the agenda

By Alun John and Brigid Riley

10.08 / 11:33

Provident Stealth Indian Indian ships to participate in Malabar Naval Exercise in Australia

INS Sahyadri and INS Kolkata will participate in Exercise MALABAR 2023, which is being hosted by the Royal Australian Navy from August 11 to 21. Other than India, US Navy (USN), Japan Maritime Self-Defence Force (JMSDF) and the Royal Australian Navy (RAN) are also participating in the exercise, according to the statement released by the Ministry of Defence. It is pertinent to mention here that this is for the first time that the Royal Australian Navy is hosting the exercise.

10.08 / 10:55

Action Citigroup show country inflation data Eyes on US inflation data, commodity prices rise

Global stocks climbed while Treasuries traded flat as investors awaited US inflation data for cues on the Federal Reserve’s next steps. European gas prices advanced on concern about potential industrial action in Australia.

10.08 / 10:33

COST UPS CEO Platform Cettire founder $60m richer after earnings update

Investors piled into online retailer Cettire, pushing up the stock by 12 per cent on Thursday, after founder and chief executive Dean Mintz flagged the positive momentum from 2023 has continued into the new financial year with luxury shoppers still spending.

10.08 / 08:45

UPS Provident Progressive Chase show Deal Lost Care a2 Plus’ US partner claims $200m in lost profits from failed deal

The founder of Care A2 Plus changed product labelling approved by regulators in the United States, delaying the delivery of baby formula, the company’s distribution partner has alleged.

10.08 / 08:33

UPS IPO BAY UBS Insignia Financial Credit Suisse ECM boss lands at E&P Financial

E&P Financial is beefing up its equity capital markets business with a key hire, bringing on Credit Suisse head of ECM Hamish Whitehead.

10.08 / 08:33

UPS Target BLOCK Chase Renewables Renewables group seeks to divest Queensland pipeline

Ambitious pan-Asian renewable energy developer Carbon Resilience is seeking to capitalise on the rush to secure early-stage renewable development assets, kicking off a sales process for its 14-gigawatt development portfolio in Queensland.

10.08 / 08:33

COST Gap ANZ track country New Zealand regulator fingers banks’ ‘persistently high profitability’

The “persistently high profitability” of Australia’s banks operating in New Zealand will be under increased scrutiny after the country’s competition regulator drew attention to the issue as it prepares for a major inquiry.

10.08 / 08:33

JPMorgan UBS Telstra Moelis MA Moelis poaches real estate banker from JPMorgan

MA Moelis Australia has lured a real estate banker from JPMorgan, as it builds its talent bench.

10.08 / 08:15

UPS VISA Airlines country China lifts bans on group tours to US, Japan and other key markets

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

10.08 / 07:59

UPS Target Waters Career awards NIMBYs, a pub and Zimmermann. The most Sydney property story ever

When Alemais owner Lesleigh Jermanus and her retail veteran husband Chris Buchanan set their sights on converting a historic pub into the fashion brand’s first store, the pair kicked a hornet’s nest of community opposition.

10.08 / 07:59

VISA awards AFR journalist recognised

Education editor Julie Hare has been awarded the Universities Australia Higher Education Journalist of the Year 2023 by the National Press Club.

10.08 / 07:59

COST Target MET Citizens ANZ Deal Financial MA Financial venture capital arm pens $20m deal with energy start-up

MA Financial’s growth ventures business has inked a $20 million raise in energy start-up Upstream.

10.08 / 07:59

Provident Target MET PwC Deloitte show country place PwC spin-off Scyne wins place on federal cloud computing panel

PwC Australia spin-off Scyne Advisory has replaced the embattled big four firm as a pre-vetted supplier of cloud computing services for the Commonwealth, and its consultants have won new work from a federal and Victorian departments.

10.08 / 07:59

Chase show country star cover Insurers run hot as investors chase rising premiums

Insurers are the unlikely stars of this profit season, prized by investors for their ability to push higher premiums on to policyholders, after years in the equity market wilderness.

10.08 / 07:59

UPS Citi Provident cover Power Backed Courts Spin City! TPG-backed Morrow Sodali courts power PR firm Domestique

Domestique – the corporate communications firm founded and run by Lauren Thompson, Jim Kelly and Ross Thornton – is in the crosshairs of private equity-backed shareholder engagement and governance advisory firm Morrow Sodali.

10.08 / 07:59

UPS Target Platform Chase Renewables Project Diamond: Renewables group seeks to divest QLD pipeline

Ambitious Pan-Asian renewable energy developer Carbon Resilience is seeking to capitalise on the rush to secure early-stage renewable development assets, kicking off a sales process for its 14-gigawatt development portfolio in Queensland.

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