Australia Financial News

01.08 / 06:59

UPS BAY Albemarle rock stake US lithium mining giant Albemarle nabs stake in Patriot Battery Metals

New York-listed Albemarle has nabbed a stake in dual-listed lithium hopeful Patriot Battery Metals, making the US giant the biggest shareholder in the explorer just three weeks after Patriot weathered a short-seller attack.

01.08 / 05:21

Citi Digital Aware Manufacturing country beautiful social Sunny days: Bondi Sands offloaded to Japan’s Kao for $450m

Homegrown self-tanner and skincare brand Bondi Sands has been offloaded to Japan’s chemical and beauty giant Kao Corporation in a cash deal estimated to be worth $450 million.

01.08 / 05:21

COST UPS Provident Extreme cover Customers Labor inaction leaves customers wasting money on insurance

Labor’s delay in acting on a recommended overhaul of financial advice laws is leaving Australians stranded with unnecessarily expensive life insurance or without cover they need, insurers warn.

01.08 / 05:21

COST UPS Target Manufacturing Mobile show Deal H2X Global hydrogen vehicles in $86m US funding deal

H2X Global, an Australian hydrogen fuel cell-powered vehicle company, will receive up to $86 million in capital over the next two years from Nebraska-based Verde Mobility as it targets commercial production by 2025.

01.08 / 03:41

COST UPS Provident Manufacturing country Reliance Industries boost Brookfield Reliance Industries, Brookfield sign pact to boost renewable energy manufacturing in Australia

Reliance Industries and Brookfield Asset Management have entered into an initial agreement with the aim of exploring opportunities for manufacturing renewable energy and decarbonization equipment within Australia. The Memorandum of Understanding (MoU) seeks to accelerate as well as de-risk Australia's energy transition by enabling local production of clean energy equipment, including PV modules, long duration battery storage, and wind energy components, the Indian conglomerate said in a press statement.

01.08 / 03:41

UPS Citi Manufacturing CEO Parke stage Singapore’s CapitaLand looks to enter realty funding

CapitaLand is looking to enter real estate funding and scale the renewable energy segment as it continues to expand its portfolio of office and industrial parks, Sanjeev Dasgupta, CEO, CapitaLand Investment India and CapitaLand India Trust, told ET. The company currently has about 22 million square feet of business parks and about 7.5 million square feet of industrial parks. It plans to scale up the portfolio to 50 million square feet in the next three years.

01.08 / 03:23

Manufacturing Power Brookfield Reliance signs MoU with Brookfield for renewable power equipment manufacturing in Australia

Reliance Industries Ltd (RIL) has signed a Memorandum of Understanding (,OU) with Brookfield for onshore renewable power and decarbonization equipment manufacturing in Australia. (This is a developing story)

01.08 / 01:35

DOW NIFTY Nikkei KOSPI Oil prices Indian Gift Nifty, Asian markets to rising crude oil prices - key triggers for Indian stock market today

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 1st August Japan’s Nikkei 225 gained 0.15%, while the Topix was flat. South Korea’s Kospi rose 0.66% and the Kosdaq added 0.48%. Hong Kong’s Hang Seng index futures traded around 270 points higher at 20,348, hinting a stronger open.

01.08 / 01:31

COST UPS Manufacturing country exclusive Biden doubles Lynas funding to more than $300m

Lynas has hadits US government funding more than doubled as the Biden administration accelerates its mission to secure supplies of rare earths.

01.08 / 00:59

Progressive Chase love Celebrity Matildas win over Canada smashes viewer record

The Matildas’ crucial victory against Canada in the FIFA Women’s World Cup has broken another historic ratings record, with more than 2 million viewers watching a female team sports match for the first time.

01.08 / 00:09

Provident cover Inside Leak Billionaire Joe Lewis’ representatives deny Aussie beef leak

Two key representatives of Joe Lewis, the UK billionaire indicted last week for insider trading in the US, have denied leaking confidential information while on the board of Australian beef giant AACo.

31.07 / 23:11

UPS Target Microsoft Software show Ben Thynne, family offices pile into AI biz

Australia’s ultra-rich are getting in on the AI craze, snapping up a stake in Brisbane-based automation infrastructure business MakerOps.

31.07 / 23:11

Career Executive NAB taps Asia division executive for corporate and institutional bank

National Australia Bank has drafted in a key executive from its Asian business for its second-largest division, corporate and institutional banking, which is often spotted around big capital markets deals.

31.07 / 23:11

FIVE Ball Remark Duke Celebrity performer Time Was this the third-best Ashes series of all time?

England have squared the 2023 Ashes series 2-2, with one draw, after defeating Australia by 49 runs in the afternoon of the final day of the last Test at The Oval.

31.07 / 23:11

UPS Gap Entertainment Enterprise PEP Hoyts suitor PEP lines up debt funding for $700m bid

We might be nearing closing credits for the Hoyts sale process.

31.07 / 21:25

UPS COMPOSITE DAX Nikkei show Global markets update: US shares edge higher on strong earnings

Europe European stocks gained on Monday, led by rise in healthcare shares and on easing euro zone inflation in July. The pan-European benchmark STOXX 600 rose 0.1%. Britain’s FTSE 100 rose less than 0.1% at 7,699.41.

31.07 / 19:03

UPS Provident Fallout track Inside Rich Listers, Chemist Warehouse in ‘game changer’ pharmacy plan

The wealthy couple who built cancer care giant Icon Group before selling it to private equity are partnering up with Chemist Warehouse for what they describe as a “game changer” idea to operate pharmacies inside Australia’s hospitals.

31.07 / 19:03

COST Action show country Kerry Stokes, Seven forced to hand over Roberts-Smith case emails

Seven West Media chairman Kerry Stokes and his commercial director Bruce McWilliam will be forced to hand over thousands of their emails exchanged with Ben Roberts-Smith’s legal team as Nine pursues Seven West Media for the costs of the disgraced soldier’s failed defamation action.

31.07 / 18:37

Reuters Ball Fighting Chase Cummins Celebrity Bid for Ashes series win falls in a heap

Australia’s wait to win an Ashes series in England will extend to at least 26 years after falling at the final hurdle with a 49-run defeat at The Oval.

31.07 / 18:37

COST UPS Provident Waters Parke Southern Victoria left to go it alone on gas ban to new homes

Victoria will go it alone on its ban of natural gas in new homes from next year, with other state governments rejecting the move on Monday.

31.07 / 13:19

UPS FIVE Progressive Ball stage star Australia destroy Canada to surge into World Cup last 16

Australia surged into the Women's World Cup last 16 on Monday with Hayley Raso scoring twice in a 4-0 battering of Canada as Nigeria joined them in the knockout phase. Olympic champions Canada were dumped out at the hands of a fired-up Australian team who knew they had to win in Melbourne to progress. They did it in style, their big victory putting them through as Group B winners, meaning they will probably avoid European champions England in the next round.

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