Australia Financial News

Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve’s policy path later this month. Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street. The S&P 500 dropped 0.2% and the tech-heavy Nasdaq 100 slipped 0.3%, their first declines in five sessions.

food processing sector received foreign direct investment (FDI) of USD 368.37 million till September of the current fiscal year, Parliament was informed on Thursday. Minister of State for Food Processing Industries Ravneet Singh Bittu in a written reply to the Lok Sabha said, Ireland invested USD 83.84 million, Singapore USD 48.45 million, Mauritius USD 41.65 million, the United States USD 38.60 million, Australia USD 20.18 million, and Mexico USD 9.59 million in April-September FY25. In FY24, FDI in food processing was USD 608.31 million.

Global shares have advanced, taking their cues from another Wall Street record rally, while bitcoin edged away from its record high

Pacer Megan Schutt was the pick of the Australian bowlers with a five-wicket haul for 19 runs. The home side chased down the target with 33.4 overs to spare, with opener Georgia Voll remaining not out on 46 off 42 balls, reaching 102 for 5 in 16.2 overs.

Asian stocks were mixed on Thursday in the wake of record peaks on Wall Street as a softer read on U.S. services data boosted investor confidence in the Fed lowering interest rates. The S&P 500, Nasdaq and Dow all notched record highs overnight and bitcoin, at times a barometer of the mood, was back within a whisker of $100,000.

Rohit Sharma might take a step back to lead from the front as India look for the perfect combination to drive home the advantage against a wounded but famously resilient Australia in the day-night Test starting here on Friday. The biggest predicament is the batting order, which will need to be shaken up a bit to accommodate Rohit, returning to the side from a brief paternity break, and a fit-again Shubman Gill. But the resourceful side would be happy to have that headache than being under-strength, which was the case when they last toured and beat all expectations to come out trumps. Playing Australia in Australia tends to bring the best out of the visiting Indian team which defied all expectations to boss the series-opener in Perth, handing Australia their first loss at the Optus stadium.

Venue : Allan Border Field, Brisbane Australia Women squad - Georgia Voll, Phoebe Litchfield, Annabel Sutherland, Ash Gardner, Ellyse Perry, Kim Garth, Tahlia McGrath, Beth Mooney, Alana King, Darcie Brown, Georgia Wareham, Megan Schutt, Sophie Molineux India Women squad - Harleen Deol, Harmanpreet Kaur, Jemimah Rodrigues, Priya Punia, Smriti Mandhana, Tejal Hasabnis, Deepti Sharma, Minnu Mani, Richa Ghosh, Uma Chetry, Arundhati Reddy, Priya Mishra, Radha Yadav, Renuka Singh Thakur, Saima Thakor, Titas Sadhu Australia Women vs India Women Live Score: India Women Priya Punia 3 (14) Harleen Deol 3 (6) Australia Women Megan Schutt 1/13 (3) Australia Women vs India Women Live Score: India Women Priya Punia 1 (10) Harleen Deol 2 (4) Australia Women Kim Garth 0/2 (2) Australia Women vs India Women Live Score: India Women Harleen Deol 0 (1) Priya Punia 1 (7) Australia Women Megan Schutt 1/9 (2) Australia Women vs India Women Live Score: OUT! c Beth Mooney b Megan Schutt. Australia Women vs India Women Live Score: FOUR! Another boundary to Smriti.

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global stocks hit a record with Jerome Powell’s bullish comments that supported risk assets. Currency traders remained on alert as the French government fell after a no-confidence vote. Shares in Japan and Australia rose, while equity futures in Hong Kong were slightly lower. US equity futures were little changed after Wednesday advances for the S&P 500 and tech-heavy Nasdaq 100 nudged a gauge of global stocks to a new high.

As Rohit Sharma’s men get ready for the pink ball Test starting on Friday, ET Sport goes back in time to relive 5 key moments at the Adelaide oval.

U.S. officials are urging telecommunication companies to boost network security following a Chinese hacking operation that gave officials in Beijing access to the private texts and phone conversations of Americans

KL Rahul has refused to divulge the makeup of India's opening partnership for the second test against Australia amid speculation that he will drop down the order to make way for returning captain Rohit Sharma. Rohit missed India's comprehensive victory in the series opener in Perth to care for his newborn baby in Mumbai but has since joined the squad ahead of the pink-ball test at Adelaide Oval, which begins on Friday. Rahul filled in for Rohit at the top of the order at Perth Stadium and forged a 201-run opening stand with Yashashvi Jaiswal to put India on course for victory.

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Alex Carey has said. Australia have won 11 of their 12 pink ball tests and all seven they have played at Adelaide Oval, including a victory over India in the last home test series when they skittled Virat Kohli's team for 36. «We're excited. We should take a lot — and we do take a lot — of confidence out of our record from pink ball cricket,» Carey told reporters on Tuesday.

Asian shares are mostly higher after technology stocks pulled Wall Street to another record finish

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NASA scientists have discovered an exoplanet, Neptune-sized planet, TOI-3261 b, where a year lasts just 21 Earth hours. The ultra-hot planet makes a scorchingly close orbit around its host star, resulting in its extremely short year, NASA said. Only the fourth object of its kind ever found, the planet could reveal clues as to how planets such as these form.

The centre-left Labor government has targeted Big Tech's influence, and parliament passed a law last week that banned social media for children aged under 16. The proposed law would empower Australia's competition regulator to oversee compliance, investigate anti-competitive practices online and fine companies, Assistant Treasurer Stephen Jones said in excerpts of a speech due later on Monday.

Ultra low-cost online retailers Temu and Shein are giving Western retailers a run for their money this holiday shopping season

Rohit Sharma expressed satisfaction with his team's performance, stating that they achieved their objectives as a unit. A four-wicket haul by pacer Harshit Rana, along with commanding knocks from Shubman Gill, Nitish Kumar Reddy, and Yashasvi Jaiswal, helped India secure a five-wicket win against Australia's Prime Ministers' XI at Canberra's Manuka Oval on Sunday. Speaking at the post-match presentation, Rohit also expressed gratitude towards the crowd for their support.

social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law.The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars (C$45.5 million) for systemic failures to prevent children younger than 16 from holding accounts.The Senate passed the bill 34 votes to 19. The House of Representatives on Wednesday overwhelmingly approved the legislation by 102 votes to 13.The House has yet to endorse opposition amendments made in the Senate.