Australia Financial News
08.08 / 13:21
08.08 / 12:01
Deal
LNG Japan Agrees $880 Million Deal to Join Giant Gas Project
(Bloomberg) — LNG Japan Corp. agreed a deal worth as much as $880 million for a stake in a giant natural gas project off Australia, a new step to secure supply of a fossil fuel the nation expects to retain a key role in its energy mix.
08.08 / 11:01
COST
UPS
Aviat
Airlines
Aviation white paper boss quits
The head of the federal government’s eagerly anticipated aviation white paper has resigned, raising more doubts about the government’s willingness to act on growing competition concerns in the airlines sector.
08.08 / 08:43
Target
MET
FIVE
Action
PwC
show
approved
PwC approved retirement payments for Peter Collins despite TPB leaks finding
PwC Australia gave former partner Peter Collins a one-off “termination payment” and initially approved ongoing retirement payments for him late last year, despite the Tax Practitioners Board finding he had shared secret government information.
08.08 / 08:43
COST
UPS
Citi
Airlines
Singapore Airlines plans a jump in flights to Australia
Singapore Airlines is ramping up its flights into Australia to meet booming demand from travellers, with plans to add 4700 seats a week next year in a move that should help to ease the cost of international airfares.
08.08 / 08:43
COST
Lowe's
Target
Australian
Glencore says inflation moderating, Australian coal dominates
Australia’s biggest coal miner Glencore has joined Coronado Global Resources in forecasting lower production costs in the six months ahead, as evidence mounts the coal sector’s inflation crisis may have peaked.
08.08 / 08:43
HSBC
tenor
Deal
AirTrunk puts finishing touches on year’s biggest loan deal
Data centre business AirTrunk and its big-bank syndicate are poised to rule off the whopper $4.76 billion sustainability-linked loan launched in mid-June.
08.08 / 08:25
IPO
Target
Career
Platform
Enterprise
show
China’s stimulus plans won’t work – and that’s bad news for us
Analysts are slashing their forecasts for iron ore prices – Australia’s most lucrative export – as it becomes increasingly clear that Beijing is struggling to revitalise its frail economy.
08.08 / 08:25
COST
UPS
Provident
Waters
CEO
Strategy
Sporting
French sporting goods giant Decathlon doubles local losses
Losses at the local operations of French sporting giant Decathlon, which doubled in the last financial year, have prompted its parent to provide a letter of support, according to new accounts lodged with the regulator.
08.08 / 07:49
08.08 / 07:49
COST
UPS
country
voice
Woodside signs up Japan for $16.5b LNG project
Two major Japanese investors have struck a $US500 million ($763 million) deal to buy into Woodside Energy’s $16.5 billion Scarborough LNG project in Western Australia, shrugging off warnings from green groups about the environmental and commercial risks involved with the project.
08.08 / 07:49
Provident
MET
Aware
CEO
PwC
cover
NOT
Former PwC chief Luke Sayers ‘does not recall’ being told to review firm emails
Luke Sayers “does not recall” the Australian Tax Office ever asking him to review internal emails relating to the firm’s troubled tax division and said he was acting to “address the ATO’s concerns” during his time as chief executive of PwC Australia.
08.08 / 07:49
UPS
Provident
PwC
Finance hires consultant to advise government on its consultants
The Department of Finance has hired a consultant to consult on how best to deal with other consultants.
08.08 / 07:49
COST
Target
Southern
social
dance
Brolgas won’t stop Victoria’s energy transition: Andrews
Daniel Andrews says he is confident Victoria can meet its ambitious renewable energy targets despite warnings that strict environmental rules set for a $1 billion wind farm project in the state’s south-west threaten to hinder the energy transition.
08.08 / 07:49
08.08 / 07:49
Platform
show
audience
Matildas’ win over Denmark most-watched TV moment of the year
Two heart-stopping goals from Caitlin Foord and Hayley Raso propelled the Matildas to a convincing win over Denmark in the FIFA Women’s World Cup on Monday, but the Aussies defeated another rival on the night: themselves.
08.08 / 07:49
awards
Solomonic
country
exclusive
compensation
Yindjibarndi compensation claim is ‘misconceived’, court told
A claim for compensation from the Yindjibarndi people over mining on their lands in Western Australia’s northwest is misconceived and should be dismissed, the Federal Court has been told.
08.08 / 07:49
COST
MET
Extreme
RIO
Coronado declares coal price floor in a ‘dire’ steel market
The chief financial officer of Queensland coal miner Coronado, Gerhard Ziems, says coking coal prices are close to a floor amid “dire” global steel markets deflated by China’s weakening trade pulse.
08.08 / 07:49
COST
BLOCK
Entertainment
ANZ
star
valuation
Barrenjoey valuation eyed ahead of Magellan FY numbers
Magellan Financial Group is set to report its annual results next week, giving investors the opportunity to dig into its embattled funds management business. But plenty of scrutiny will be on its most off-piste investment: Barrenjoey Capital Partners.
08.08 / 07:49
UPS
Lowe's
electronic
rock
Lynas seeking new mines, leaving nothing to waste
Kalgoorlie | Lynas Rare Earths is looking for acquisitions to capitalise on the needs of its customers, including the US Department of Defense, which are anxious to wean themselves off China products.
08.08 / 07:49
UPS
Provident
Platform
MasterCard
Enterprise
open
Open banking provides unique opportunities for small business
A new paradigm in financial services called open banking is improving the lives of small business owners and their customers. It is making it easier for small firms to win new customers, run their operations and manage their finances.
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