Australia Financial News

euro hit a two-week low on Tuesday as a worsening downturn in euro zone business muddied the bloc's rate outlook against a still-hawkish European Central Bank (ECB), while the dollar rose ahead of this week's trio of major central bank meetings. The offshore yuan strengthened in early Asia trade, following comments from China's top leaders on Monday pledging to step up policy support for its flailing economy. The euro was shaky at $1.1063, up just 0.02% having slumped to a two-week low of $1.1059 earlier in the session, after a survey on Monday showed euro zone business activity shrank much more than expected in July, reigniting recession fears.

Investing.com-- Most Asian stocks kept to a tight range on Tuesday as markets awaited more cues from a Federal Reserve meeting this week, while Chinese markets rose sharply after top officials promised more policies to support growth. 

New Zealand-founded investment bank Jarden and Japanese giant Nomura have hashed out terms to extend their strategic alliance signed in May 2021.

Virgin Australia workers have ramped up their campaign for better conditions and a bid to secure shares in its initial public offering.

equity market remained weak amid mixed corporate results for the June quarter. “We expect some cautiousness ahead of the US Fed meeting where a 25 bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital.

The corporate watchdog has accused fund management giant Vanguard of misleading investors in its $1 billion-plus ethical bond product about the sustainability of its assets.

Pilbara Minerals expects to settle on a new partner in downstream lithium processing within the next five months as it continues to boost production at its Pilgangoora mine in Western Australia.

Mining pioneer Peter Wright did his share of heavy lifting when he and Pilbara icon Lang Hancock set about building what would become a multibillion-dollar iron ore empire, a court heard on Monday. So Wright’s descendants should share equally in the royalty payments that still flow from their partnership, their lawyer said.

China's top leaders signaled they will ease property policies and adopt a plan to resolve local debt risks to help boost the economy as the recovery falters. The Communist Party's 24-member Politburo its top decision-making body led by President Xi Jinping vowed at a key economic policy meeting to optimize and adjust policies for the property sector.

The anime adaptation of One Piece has been produced by Toei Animation since 1999 and has been broadcasted in over 90 countries, making it one of the most beloved anime series globally. The latest episode of One Piece, episode 1069, left fans with an exciting cliffhanger, building anticipation for episode 1070. However, viewers will need to wait patiently as the show takes a one-week break before revealing the next chapter. This temporary delay may indicate that One Piece episode 1070 will be one of the series' most thrilling segments.

Australia says it will buy 20 new C-130 Hercules planes from the United States in a $6.6 billion deal that will increase by two-thirds the number of the Australian air force’s second-largest heavy transport aircraft

₹2700 crore. “With a campus area of approximately 123 acres, the IECC complex has been developed as India’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the IECC Complex finds its place among the top exhibition and convention complexes in the world," the PMO said.

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.

Bidders in the $US3.5 billion-plus ($5.2 billion) auction for BHP’s Queensland coal mines – Blackwater and Daunia – are competing to woo five Japanese commodities houses to join their camps.

Upstart financial services challenger Alex Bank is set to go cap in hand to investors for a<a href=«https://www.google.com/url?sa=t&rct=j&q&esrc=» https:> second multi-million dollar capital

New Zealand family of five purchased the tickets that took the sales total to 1.5 million for the Women's World Cup on Monday. Soccer's world governing body says the tournament being co-hosted by Australia and New Zealand is on track to be the best attended in the competition's history.FIFA said the 1,500,000th ticket went to Auckland woman Maria Strong, who bought tickets for her husband and three children to attend Italy's Group G win over Argentina at Eden Park as part of a family celebration for her son's 12th birthday. In a statement, FIFA said the sales target had been surpassed within the first five days of the month-long tournament, setting the 2023 edition on course to surpass 2015 in Canada for the record attendance.

The three-day comatose mode for markets ahead of the Federal Reserve’s rate decision is on, with oil prices barely moving Monday amid debate on what the central bank would say about — rather than immediately do — with rates when it meets Wednesday.

New Delhi: The central government has stepped up exploration and production of critical minerals in the country with number of licences given to find domestic deposits, union minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi said on Monday. In a written reply to a question in Rajya Sabha, the minister said that the government has released a list of 30 critical minerals for India and would focus on exploration and subsequent production of these.

Transport Minister Catherine King says she will review whether Turkish Airlines can add more flights to Australia, blaming the carrier for failing to submit a formal request before it was set to announced expanded services.

Andrew Forrest has lost a key lieutenant who served in fix-it roles and executive positions within his business empire for almost a decade, rising to chief financial officer at clean energy arm Fortescue Future Industries.