Australia Financial News

Investing.com — Most Asian currencies rose on Thursday, benefiting from weakness in the dollar after the Federal Reserve hiked interest rates as expected, but also downplayed expectations for a U.S. recession this year.

By Rae Wee

Jarden logged $71 million in firm-wide revenue for its first quarter ended June 30, a sharp turnaround from March when expenses weighed on the New Zealand-headquartered firm.

By Harish Sridharan

Jack Gance, the billionaire co-founder of Chemist Warehouse and Bubs Australia’s second-biggest shareholder, demanded to know why the board spent what he claimed was $5 million defending itself from a failed governance coup.

Fortescue Metals expects to set a fifthconsecutive iron-ore export record in the year ahead, after beating analysts’ estimates and delivering to the top end of its target for the year to June 30.

London | ASX-listed junior miner Adriatic Metals has almost doubled its estimate for the size of its silver-zinc-lead-gold mine in Bosnia-Herzegovina, claiming that this catapults the mine into the global top tier.

Rohit Sharma is hoping that star pacer Jasprit Bumrah who has been out of action since September last year, can get enough playing time before the ODI World Cup in October this year. Jasprit Bumrah has been out of action since September 2022 owing to his injury and missed the ICC Men's T20 World Cup 2022 in Australia. He also missed the Indian Premier League (IPL) 2023, a tournament in which he represents Mumbai Indians (MI).

ESG-flavoured superannuation and investments start-up Future Super has tapped E&P Corporate Advisory to drum up fresh capital, telling investors it can more than double its assets to $25 billion in the next three years.

The showdown between the Wrights and Rineharts over billions of dollars of mining royalties has attracted a galaxy of legal talent to the West Australian Supreme Court at a cost of at least $250,000 a day.

equities bounced back after three days of muted trade on buying at lower levels and select heavyweights. «Markets will react to Fed’s commentary. Further, monthly F&O expiry along with a slew of corporate earnings, could keep the market a bit volatile,» 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 muted startGIFT Nifty on the NSE IX traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for muted start on Thursday.

US Federal Reserve raised interest rates to their highest level in over 22 years while keeping the doors open for another rate hike. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation. The Fed chair Jerome Powell also hinted at a possibility of further increases, going ahead.

New Delhi: Unseasonal rains in the June quarter unfavorably impacted The Coca-Cola Company’s business in India but the beverage major kept its growth outlook for the market “intact". “India business was unfavorably impacted by unseasonable rain and cooler temperatures in the quarter. However, the growth outlook remains intact," James Quincey, Chairman and CEO of The Coca-Cola Company said during the company’s post earnings call on Wednesday.

MUMBAI : British officials negotiating a free trade agreement (FTA) are advocating bottling their whisky ‘in transit’ in a third country for reasons related to cost, logistics, and ‘premium-ness’ of the products, a person aware of the development said. Negotiations on alcoholic beverages assume significance as India considers opening its vast market to countries such as the UK, Australia, Canada, and the European Union (EU) under the FTA route. India emerged as the world’s largest consumer of scotch whisky—a key UK export—last year.

The board of AACo says it has sought legal advice after insider trading charges were brought in the United States against the Australian beef giant’s largest shareholder, British billionaire Joe Lewis.

whales have died after being stranded in the shallow water along the beach of Cheynes in Western Australia. Confirming the incident, the Parks and Wildlife Service of Western Australia said that many long-finned pilot whales were found on the beach of the southern coast Tuesday morning. In the videos posted on social media platforms, some whales are seen flapping their fins while others are seen huddling together. The authorities have urged the people to keep away from the sea beach warning them of ‘large sick whales or waves or large machines’. The long-finned pilot whales are found in the Southern Hemisphere and North Atlantic Ocean. It is not yet known why the pods weres stranded, but scientists and biologists are confused about the behavior of the whales who huddled together before being stranded. They feel that the whales might have been scared of a predator like a large whale. Scientists have observed that the toothed whales use their sonar to navigate and they are more likely to get stranded compared to non-toothed whales. This is not the first time that whales have died after getting stranded on the beach. More than 200 whales were stranded on the beach of Tasmania last year September. Prior to this, 450 whales got stranded in 2020 on the beach of Tasmania in Australia.

It’s stops and starts in the tussle between TPG and InvoCare, the ASX-listed funerals business the private equity suitor is hoping to mop up.

Sinéad O’Connor, the gifted Irish singer-songwriter who became a superstar in her mid-20s but was known as much for her private struggles and provocative actions as for her fierce and expressive music, has died at 56.“It is with great sadness that we announce the passing of our beloved Sinéad. Her family and friends are devastated and have requested privacy at this very difficult time,” the singer’s family said in a statement reported Wednesday by the BBC and RTE.Recognizable by her shaved head and elfin features, O’Connor began her career singing on the streets of Dublin and soon rose to international fame.

Coca-Cola Company on Thursday said it has registered growth in the beverage market in India despite having a challenging summer with rains, its Chairman and CEO James Quincey said. In the June quarter, China was affected due to specific local conditions and recovery was slowed in the second quarter. Consumer confidence is below the pre-pandemic level, he added.

Dr Reddy's on Wednesday said it plans to use net surplus cash for acquisitions and product innovations targeting India, emerging markets and US. The drug maker has a net cash surplus of Rs 5000 crore as of June 30, 2023. «A part of it would be used for India and emerging markets primarily for licensing and product acquisitions,» said Erez Israeli, CEO of Dr.

Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the Securities and Exchange Commission's jurisdiction, as many crypto advocates complain of the agency's perceived overreach. His committee is expected to consider that bill during a markup on Wednesday, while the House Agriculture Committee will consider the same bill on Thursday.