Australia Financial News
08.08 / 06:11
UPS
Provident
Target
Software
SpaceX
Battlefield
AI-wielding tech firms are giving a new shape to modern warfare
anti-tank weapons, rocket launchers and howitzers. But Ukraine’s use of Western information technology, including artificial intelligence (ai) and autonomous surveillance systems, has also had a powerful, if less visible, impact on Russian forces. Commercial vendors supply Ukrainian troops with satellites, sensors, unmanned drones and software.
08.08 / 04:53
Provident
FIVE
Strategy
PwC
Accenture
Deloitte
In about-face, McKinsey, BCG to appear before consulting inquiry
McKinsey and Boston Consulting Group have agreed to appear at the Senate inquiry into consulting after earlier declining to testify before the committee and failing to answer most of the questions posed by the senators about their operations.
08.08 / 04:53
08.08 / 04:47
Digital
Disney
Platform
Sony
star
cricket
NOT
Reliance, Disney Star & Sony may not have big purses for India's cricket matches at home
«We expect the Board of Control for Cricket in India (BCCI) to garner 1.6-1.9x of base price (approximately 32% higher than earlier cycle rights on a like-to-like basis, as the number of matches has come off by 15% vs the earlier cycle), as the current base at Rs 450 million per match is already 25% lower than the last cycle’s price of Rs 600 million,» Analyst Karan Taurani wrote in the report. The combined base price of TV and digital stands at Rs 3,960 crore for 88 matches to be played in the next five year cycle of 2023-2028. The TV and digital rights carry base price of Rs 20 crore and Rs 25 crore per match, respectively, Elara noted. Elara said the BCCI expects at least Rs 60 crore per game at the auction, which translates into a base price of Rs 5,280 crore via the eAuction process.«It may cancel the process if the numbers are not breached,» Taurani said.
08.08 / 03:05
Lowe's
Reuters
ANZ
show
country
economic data
Dollar creeps higher ahead of US, China economic data
China's exports are expected to fall 12.5% in July from a year earlier, based on a Reuters poll of economists, extending a drop of 12.4% in June and marking the worst reading since the early days of the pandemic in February 2020. The trade figures come a day ahead of the country's inflation reading, with markets on the lookout for further signs of deflation in the world's second-largest economy. Ahead of the data release, the offshore yuan was little changed at 7.2039 per dollar.
08.08 / 03:05
UPS
Target
MET
country
Oil prices
Oil prices edge up as production cuts keep market supported
Oil prices rose in early trade on Tuesday as supply concerns arising from production cuts by Saudi Arabia and Russia supported the market. Brent crude futures rose 37 cents, or 0.4%, to $85.71 a barrel at 0010 GMT, while U.S.
08.08 / 02:21
UPS
NASDAQ
Action
NIFTY
VIX
GIFT Nifty down 15 points; here's what changed for market while you were sleeping
"Markets are likely to trade in a range ahead of RBI policy this week. FIIs continued their selling streak for the last few days, thus keeping the upside limited. We expect sector- and stock-specific actions to continue," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,666.50, signaling that Dalal Street was headed for negative start on Tuesday.
08.08 / 01:57
UPS
Target
Reuters
NIFTY
show
Indian
inflation data
Gift Nifty, gains in Asian markets to inflation data, key triggers for Indian stock market today
inflation data on Wednesday. In Japan, official data showed the country’s household spending fell 4.2% YoY in June, compared with 4% in May, remaining in negative territory for the fourth straight month. In the US, the latest consumer price report will be released on Thursday, which is expected to offer clues about the Federal Reserve’s monetary policy path.
08.08 / 00:57
08.08 / 00:53
08.08 / 00:13
RIG
stake
play
Tri-Star lifts stake in QLD gas play after $20m raise
Tri-Star Group, a privately owned venture that is one of the pioneers of Queensland’s coal seam gas industry, has hiked its stake in Omega Oil & Gas Limited after the junior explorer ruled off a $20 million placement.
08.08 / 00:13
valuation
Canva brings in two new investors at $US25.5b valuation
Canva has added two new investors to its register following an investor secondary transaction, Street Talk understands.
08.08 / 00:13
UPS
FIVE
Enterprise
L’Oréal
Deal
Zimmermann valued at $1.5b in Advent deal
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian fashion brand at about $1 billion ($1.5 billion), people familiar with the matter said.
08.08 / 00:13
07.08 / 23:31
Strategy
Transforming superannuation, wealth & advice
As millions of Australians approach retirement a diverse cohort of investors is fast emerging, and the wealth management and superannuation sector is playing an important role in supporting the nation’s financial wellbeing. Yet there are major policy changes occurring, including additional tax on superannuation balances over $3 million, an overhaul of financial advice rules and pressure from regulators to deliver better retirement products.
07.08 / 23:09
Provident
Aware
CEO
Action
Fighting
PwC
show
Tax Office warned PwC chief Sayers to read the emails
The Tax Office first raised its concerns related to the conduct of PwC’s tax division with Luke Sayers on August 29, 2019, when second commissioner Jeremy Hirschhorn urged the firm’s then-CEO to “personally review the internal emails”.
07.08 / 21:45
Ethereum
Investments
Altcoin
CoinShares
Bitcoin
Weekly
Bitcoin funds see weekly outflows of $111M, most since March: CoinShares
Weekly cryptocurrency asset flows for the week ending Aug. 4 reconciled at $107 million in outflows, continuing a three-week negative trend totaling $134.8 million.
07.08 / 20:55
FIVE
Remark
DISH
star
How was contact restored between NASA and Voyager 2? Here’s all you need to know about the ‘shout’ across interstellar space which retrieved the spacecraft
Voyager 2 spacecraft restored communication with mission control after a period of silence. The historic probe, launched in the 1970s to explore the depths of space, received an interstellar «shout» from the ground team across a staggering distance of over 12.3 billion miles. This signal prompted the spacecraft to turn its antenna back towards Earth, reestablishing the vital connection with mission control. After weeks of silence, this successful communication is a significant achievement for the Voyager 2 mission and allows for continued monitoring and data transmission from this iconic space exploration probe.
07.08 / 20:07
UPS
Progressive
Aware
Remark
performer
play
FIFA Women’s World Cup 2023: When will England play next? Check all upcoming games of the Lionesses
England's women's national football team, known as the Lionesses, secured their spot in the quarter-finals of the Women's World Cup with a tense penalty shootout victory against Nigeria in Brisbane. The triumph set them up for a quarter-final clash against one of the two surprising teams that have shown impressive progress in the tournament. Under the guidance of coach Sara Wiegman, England has emerged as one of the favorites to lift the trophy. Topping their group and witnessing the elimination of one of their main rivals, the US, in a penalty shootout against Sweden, has bolstered their confidence. However, the team is well aware that there's still a long journey ahead, and as England fans know, hope can be a double-edged sword. The Lionesses are determined to seize this opportunity, and the Women's World Cup holds the promise of an exciting and unpredictable path for the team from this point onward.
07.08 / 19:21
UPS
Target
show
AFR readers reject Andrews’ ‘populist’ household gas ban
More than half of respondents to The Australian Financial Review’s latest reader poll say they don’t support the Victorian government’s move to ban gas connections in new houses from next year.
07.08 / 19:21
RIO
Deal
Rinehart rival trying to rewrite deal worth billions, court told
A claim by a family owned company for royalties flowing from Gina Rinehart’s Hope Downs mine relies on a “futile attempt to rewrite” a key deal between Lang Hancock and Pilbara pioneer Don Rhodes, lawyers for Hancock Prospecting say.
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