Australia Financial News

17.07 / 04:57

UPS restrictions Endeavour slumps on profit hit from Victorian pokies restrictions

Shares in Endeavour were down more than 10 per cent in trade on Monday amid investor concerns about the impact of new poker machine restrictions in Victoria, the largest market for the company’s pubs division.

17.07 / 03:39

Provident Target Gap Cyber APRA demands boards improve oversight of cyber risks

The prudential regulator wants boards to sharpen oversight of accountability for cyber breaches, finalising a new standard on “operational risk management” which seeks to fortify the financial sector from hacks such as the one that devastated Medibank Private.

17.07 / 03:39

COST UPS Lowe's Target Fighting Support Peak interest rate to support Bullock, says Comyn

Commonwealth Bank chief executive Matt Comyn says incoming Reserve Bank governor Michele Bullock’s job will be easier than it was for Philip Lowe, given the cash rate is forecast to peak after one more interest rate increase.

17.07 / 02:51

UPS Strategy Parke Dollar licks wounds as China data looms

dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further. Chinese growth data and loan-rate settings are due later in the session, ahead of U.S. retail sales and British inflation later in the week and a slew of central bank meetings next week.

17.07 / 02:29

UPS DOW COMPOSITE NIFTY KOSPI Indian Gift Nifty, Asian shares, cautious Fed to corporate results, among key global cues for Indian stock markets

US Federal Reserve continued to sound cautious, with Governor Christopher Waller Thursday saying that he expected two more rate hikes this year to bring inflation down to the 2% goal, though more good data on prices could obviate the need for the second hike. Also Read: Q1 earnings, global cues & more: Key triggers for stock markets this week Japanese markets are closed for a holiday. China's Shanghai Composite Index declined 0.58% to 3,219.02, while the Shenzhen Composite Index dropped 0.34% to 2,051.13. South Korea’s Kospi dipped 0.43%, while Hong Kong’s Hang Seng index futures were trading around 100 points lower at 19,319.

17.07 / 01:11

UPS Provident Target Solomonic RIO Deal Traditional owners at war with Fortescue sign big green energy deal

Traditional owners embroiled in a high-stakes legal battle with Andrew Forrest’s Fortescue Metals Group have signed a deal to develop one of Australia’s biggest renewables projects in partnership with Philippines-listed ACEN.

17.07 / 01:11

COST UPS CEO PwC Metro Immunic Andrews urged to re-examine PwC’s Suburban Rail Loop analysis

PwC’s initial analysis on the benefits of Victorian Premier Daniel Andrews’ $125 billion Suburban Rail Loop should be re-examined, given ballooning construction costs and wages, questionable economic benefits and a funding black hole, transport experts warn.

16.07 / 20:25

Target BLOCK Binance Digital Platform ANZ Binance in the crosshairs as NAB bans ‘high-risk’ crypto exchanges

National Australia Bank will block payments to high-risk cryptocurrency exchanges, which is understood to include Binance, from Monday in an effort to reduce the instances of fraud and scams at the financial institution.

16.07 / 20:25

FIVE Aviat CEO Airlines Strategy Boeing Fastenal Fasten your seatbelts, Bonza fields inbound interest

The private equity interests behind Bonza, the latest to try its hand at breaking into the ultra-competitive Australian aviation market, are considering whether to bring in new capital partners to back the airline’s expansion into a full-scale domestic carrier.

16.07 / 20:25

FIVE Booking Career Action Fighting Pool Two investigative reporters go from collaborators to competitors

For five years they reported and defended one of the great stories of modern Australian journalism. Their celebrated collaboration didn’t survive victory.

16.07 / 20:25

UPS Provident Chase Lawsuit embroils IAG over Gupta’s Liberty Steel ‘$3b debt’

IAG allegedly agreed to insure billions of dollars in debts at Sanjeev Gupta’s steel companies despite increasing public concerns about his conglomerate’s rapid growth.

16.07 / 13:17

BLOCK Reuters Microsoft Mobile Nano Broadcom reports Deal Activision 4 big deal reports: FTC falls flat in attempt to block Microsoft-Activision

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: uncertainties loom around the Microsoft-Activision deal; Broadcom-VMware receives EC approval; Exxon Mobil to acquire Denbury; and Stratasys receives a sweetened offer from 3D Systems.

16.07 / 11:27

UPS Digital Platform TikTok Less than 8pc of the ABC’s flagship news viewers are under 40

More than 80 per cent of the broadcast viewers for the ABC’s marquee news program, the 7pm bulletin, are over 55 years old – with a staggering two-thirds of viewers older than 65, internal data circulated to managers shows.

16.07 / 11:27

COST UPS Twitter Mobile SpaceX Telstra Future Deal Optus’ satellite phone deal is a future win, but has muted impact now

Optus has been on a tear. First, the telecommunications company spoiled Telstra’s plan to boost its coverage in the bush with airspace from TPG Telecom by convincing the Australian Competition Tribunal it would be bad for the marketplace.

16.07 / 11:27

UPS Provident FIVE Man VISA Millions frozen in venture capital land as investor visas go awry

Prospective migrants hoping to secure a pathway into Australia on venture capital-linked visas have had millions of dollars frozen or say they have had applications rejected because of botched funding agreements.

16.07 / 11:27

Booking Career Enterprise ANZ Lawyers Why these lawyers, bankers and fund managers love the Matildas

For Danielle Funston, a partner at Maddocks law firm, watching Sam Kerr and the Matildas at this month’s World Cup does not just offer her a fun way to spend time with her two daughters.

16.07 / 11:27

UPS NASDAQ Matthews Deal PlayUp searches for $10m as it untangles itself from FTX deal

PlayUp, a fantasy sports gambling outfit once backed by the family of former prime minister Malcolm Turnbull, is searching for investors to back a $10 million capital raise after a failed effort to list in the United States.

16.07 / 11:25

UPS Provident Cooper NOT PM Modi's France and UAE visits not just 'high on optics' but also 'high on substantive outcomes': Minister Puri

BJP on Sunday termed Prime Minister Narendra Modi's recent visits to France and the UAE «successful» and said they were not just «high on optics» but also «high on substantive outcomes». Prime Minister Modi on Saturday returned after «successful» visits to France and the United Arab Emirates.

16.07 / 10:03

Ball bowling Jasprit Bumrah seen bowling full-throttle in nets, is it return of India's most celebrated pacer?

KL Rahul remained out of the squad for most of the time. Also, the accident of Risabh Pant created a void in the wicketkeeping side, but what most hurt was the injury of ace bowler Jasprit Bumrah. Bumrah last appeared for the Indian side in a T20I series against Australia in September 2022.

16.07 / 08:57

Citi Waves Citizens Google Action Fighting Mobile Indian We can expect more turbulence ahead in Indian diaspora politics

Diaspora politics is going to get a lot more complicated and recent turbulence is an indicator of the policy challenges ahead. Pro-Khalistan protests in the US, UK, Canada and Australia have descended into vandalism, arson, rioting, incitement to assassination and inter-group violence. Last year, there was Hindu-Muslim communal violence in Leicester.

16.07 / 07:23

UPS CEO Racing Deal Backed Leo Lithium, backed by Chinese giant, inks $520m deal to mine in Africa

Leo Lithium, an ASX-listed lithium explorer backed by China’s biggest producer of the commodity, has signed a $US348 million ($520 million) contract for the construction of its major development in Mali.

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