Australia Financial News

20.07 / 08:47

UPS Provident UBS Arrow show Deal Billionaire Bastas buys out pharma partners in $1b deal; UBS on hand

Billionaire businessman Dennis Bastas is closing in on full control of the two pharmaceuticals groups he jointly owns with Canada’s wealthy Sherman family, in what’s understood to be a $1 billion deal.

20.07 / 08:47

Citi LGBT Celebrity shootings show performer cover New Zealand take surprise lead in World Cup opener

New Zealand have taken a surprise lead against Norway in the opening game of the FIFA Women’s World Cup.

20.07 / 07:19

COST UPS Citigroup guidance Centre Flight Centre upgrades guidance as corporate earnings outpace leisure

Flight Centre exceeded its profit guidance, thanks to corporate travel earnings at a record level, even though the market for business travellers is still in recovery mode.

20.07 / 07:19

UPS Art Discover NAB fraudster gets 15 years for ‘breathtaking’ scheme

National Australian Bank fraudster Helen Rosamond has been sentenced to 15 years in jail for a scheme “breathtaking in its audacity” that embezzled millions of dollars with the help of a former chief of staff to two bank bosses.

20.07 / 07:19

COST UPS Provident Macquarie stake Macquarie pulls pin on pursuit of big stake in EnergyAustralia

Macquarie has ended discussions with Hong Kong’s CLP Group over the possible purchase of a 50 per cent stake in EnergyAustralia, the country’s third-largest electricity and gas supplier, sources said.

20.07 / 07:19

UPS CEO Racing Strategy performer star lazarus The life and times of Jason Yetton, banking’s Lazarus

At Westpac, what is old is new again. The return of Jason Yetton – who will take the reins of Westpac’s retail bank for the second time next month – represents one of the great comebacks in Australian banking.

20.07 / 06:13

UPS Reuters show performer reports surges Chinese yuan Asia FX rises, Chinese yuan surges amid intervention reports

Investing.com — Most Asian currencies rose on Thursday as a rebound in the dollar paused, while the Chinese yuan shot up amid reports of government intervention to support the battered currency.

20.07 / 06:01

UPS CEO Airlines Sydney Airport urges intervention on ‘slot-hoarding’

Domestic travel is being hampered by delays and higher fares at the same time as more international competition is pushing tourist numbers higher, Sydney Airport says.

20.07 / 06:01

Target Microsoft ANZ Lawyers Lawyers warned on ‘goldilocks’ regulation of AI

Law firms should have “responsible” systems in place for artificial intelligence as Australia moves towards a “goldilocks” approach on the regulation of tools such as ChatGPT, says the legal chief of tech giant Microsoft.

20.07 / 06:01

UPS Waves Digital Racing Downsized Zip races after revenue jumps in June

Under-pressure buy now, pay later group Zip recorded revenue and transaction growth in the double digits for the June quarter, sending its shares 9 per cent higher on Thursday.

20.07 / 06:01

BLOCK Action RBC ACCC inches closer to blocking $2b Healius-ACL merger proposal

The competition regulator has raised concerns that the merger of pathology companies Australian Clinical Labs and Healius will adversely affect prices, increasing the chance it will eventually knock back a proposed deal to combine the country’s second and third-largest collection centre businesses.

20.07 / 06:01

COST UPS Provident Merit Align Albemarle MinRes pulls plug on lithium megadeal

Chris Ellison’s Mineral Resources has pulled out of a billion-dollar deal that would have seen it acquire a stake in lithium hydroxide plants in China owned by its partner, battery chemicals giant Albemarle.

20.07 / 06:01

UPS Target NIC PEP country exclusive Deal Pacific Equity Partners’ gun SAF team seek exclusivity on new $1b deal

Private equity firm Pacific Equity Partners is in late-stage talks to buy lifestyle communities business Serenitas, put up for sale by investment bank Goldman Sachs.

20.07 / 06:01

COST Provident Mobile Enterprise Telstra Telstra slashes 472 jobs as it automates more operations

Telstra will spend the next two weeks consulting with employees after confirming it will cut 472 jobs so it can automate operations and compete harder with software-based rivals for business customers.

20.07 / 06:01

UPS show performer star Endeavour beats Victorian pokies deadline, job losses possible

Endeavour Group chief executive Steve Donohue will reduce gaming hours in its Victorian pubs by the end of next month, in an attempt to show states it can be proactive on harm minimisation for gamblers, and beat the Victorian government’s deadline.

20.07 / 04:29

Twitter Fighting love ICC shares photo of Shah Rukh Khan with World Cup trophy, gets overwhelming response from fans

Jawan. “This is the legacy of SRK, ICC acknowledges him as King Khan. And who better than the biggest face of India to unveil the World Cup trophy," one Twitter user wrote.

20.07 / 02:49

UPS Boeing show country Sterling takes a beating; dollar gains ground

In Asia, markets also had their focus on China's loan prime rate (LPR) decision, where it is expected to keep the lending benchmarks unchanged after the central bank stood pat on a key policy rate earlier this week. The British pound was last 0.02% lower at $1.2936, after tumbling more than 0.7% on Wednesday in the wake of data that showed Britain's high rate of inflation falling more than expected in June to its slowest in over a year at 7.9%. That pulled back market expectations of further aggressive rate hikes from the Bank of England (BoE), with the prospect of UK rates rising above 6% now likely off the table.

20.07 / 01:37

Target Apple track Inside Time Is it time to get real on Australia’s 2030 climate targets?

Just over a year ago, Prime Minister Anthony Albanese announced the country’s new climate targets to the world — reducing emissions by 43 per cent and ensuring the power grid is 82 per cent renewable by the end of the decade.

20.07 / 01:37

UPS Microsoft Pool love country Decibels and drinking: why this global law firm loves Aussies

Decibels and drinking are two things that Australians are renowned for at global law firm K&L Gates, according to its US-based managing partner, Jim Segerdahl.

20.07 / 01:23

UPS RIO stage Q4 BHP Q4 iron ore production misses estimates, sales weaken

Investing.com-- BHP Group (NYSE:BHP) (ASX:BHP), the world’s largest miner, said on Thursday that its fourth quarter iron ore production inched higher from a year ago, while weakness in major market China also saw sales of the steel-making product weaken.

19.07 / 23:37

Nike audience Meet the million-dollar Matildas (both of them)

A world-leading female footballer’s salary and endorsements with Nike and EA Sports earned Matildas skipper Sam Kerr $3.3 million last year, a pay packet that is estimated to be over 10 times more than her Australian teammates.

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