Australia Financial News

MA Moelis Australia has made two additions to its equity research team, with a focus on resources and industrials research.

Proxy adviser Institutional Shareholder Services (ISS) is advising its clients to oppose plans to spill Bubs Australia’s existing board and install a new one that includes former a2 Milk executive Peter Nathan.

Wimbledon 2023 semi final: Defending champion Novak Djokovic on Friday powered through to the finals, his ninth time, after defeating Italy's Jannik Sinner. Djokovic served his way out of potential trouble to beat Jannik Sinner 6-3, 6-4, 7-6 (4) in the semi-finals on Friday. Friday's semi-final win puts Djokovic closer to a record-equalling eighth Wimbledon title.

Bluey season 3 fans are curious about the number of episodes in the series and the release schedule for new episodes. Bluey is a children's show that revolves around the adventures of a blue dog and her family. Bluey season 3 consists of 50 episodes. Viewers are eagerly anticipating the new episodes, and early viewers have cautioned that fans are «not prepared» for what's to come in the heartwarming show's third season. The latest batch of episodes from season 3, often referred to as season 3B, has finally arrived in the United States, nearly a year after their initial premiere in Australia. These ten episodes continue the storyline from the first third of the season, which premiered in Australia in 2021 and in the US in 2022. The final third of the season is currently being aired in Australia. While Bluey is primarily targeted at children, its themes have resonated with adults and parents, making it a hit among a wider audience. Following the release of episodes 28 to 39 on Disney Plus on Wednesday, July 12, numerous US viewers who watched the episodes promptly shared their feelings of «heartbreak» specifically regarding episode 31.

Retirement services provider Ascensus announced Thursday that Nick Good will become president of the company effective Sept. 5.

The leading cryptocurrency Bitcoin failed to rally with global markets this week triggered by cooling US inflation. The recent decoupling of Bitcoin from the global markets has left investors worried about the token’s outlook. 

By Natalie Grover

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Ben Roberts-Smith v Nine was the first part of the “defamation trial of the century”. Now it’s Ben Roberts-Smith v Justice Anthony Besanko.

The Australian Airports Association says Qantas is growing its margins at about ten times the rate of grocery giant Woolworths and warned that pent-up travel demand won’t last forever, calling on the government to act on industry concentration that has worsened since the pandemic.

A Gold Coast company targeted in a payday-lending regulatory investigation has reinvented itself as a business running daily cash-draw prizes of $250 for members paying as little as $5 a week.

Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees.

Investing.com-- Most Asian currencies rose on Friday, while the dollar hit a 15-month low against a basket of currencies as weak U.S. inflation readings saw investors pricing in fewer interest rate hikes this year.

The owner of one of NSW’s biggest coal power stations has delayed its potential closure date by four years to 2033, as expectations mount that Origin Energy’s huge Eraring plant will have to run for longer as the snail’s pace of the transition to low-carbon energy takes its toll.

Global strategy consulting firm McKinsey says it has not had any formal complaints of bullying or sexual harassment in its Australian office in the past five years, and just three allegations of employee misconduct.

Investing.com-- Most Asian stocks rose further on Friday, capping off a positive week on signs of cooling U.S. inflation, with focus now turning to upcoming data offering more cues on the Chinese economy. 

Also read: Japan Accuses Australia of Betrayal in Fight Over Natural-Gas Exports Lowe will leave office on September 17, marking the end of his 43-year career at the central bank. Lowe is due to accompany Chalmers to a Group of 20 meeting in India next week. "This is a history-making appointment, Michele Bullock will become the first woman to ever lead the Reserve Bank in this country," said Chalmers reported Reuters.

inflation data reinforced hopes that the Federal Reserve is approaching an interest-rate peak. In the US, data showed the producer price index climbed 0.1% in June, its smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. A separate report showed initial claims for state jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight.

Federal Reserve was close to the end of its rate hike cycle due to easing inflation. The dollar index, which measures the U.S. currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022.

Gold prices on Friday were set for their biggest weekly gain since April, as the U.S. dollar hovered close to a more than one-year low on bets the Federal Reserve will soon hit the brakes on interest rate hikes. Spot gold was steady at $1,958.45 per ounce by 0051 GMT, and up 1.8% for the week.

Former Network Ten political editor Peter van Onselen has lost a contract breach lawsuit against his former employer over a scathing column he wrote in The Australian.