Australia Financial News

13.07 / 10:11

UPS Provident Reuters Digital Racing SPY In Asia data flows are part of a new great game

Okinawa. The digital bonds that bind Asia are in many ways tighter than ever. The region’s appetite for data is growing at an even faster pace than the rest of the world’s.

13.07 / 08:59

UPS JPMorgan Assurant Software PwC PayDay Potentia Capital still waiting on $900m payday from Micromine sale

Silence truly is deafening at Potentia Capital’s $900 million deal to sell its mining software business Micromine.

13.07 / 08:49

UPS Fighting AUD International Support Australian 10-year-old Australian girl battles "most painful condition," gets international support for treatment

Bella Macey, a 10-year-old girl from Australia, is bravely fighting Complex Regional Pain Syndrome (CRPS), known as the «most painful condition» known to mankind. Bella's family revealed that the condition developed after a blister on her foot became infected and inflamed during their first overseas trip.

13.07 / 07:29

Progressive Aware Strategy Forrester UBS RIO Forrest split ‘won’t destroy’ Fortescue, investors say

Big investors in Fortescue Metals said the miner can sail through the breakdown of executive chairman Andrew Forrest’s marriage and the subsequent ownership reshuffle that has given Nicola Forrest control of the single biggest Fortescue stake.

13.07 / 07:29

CEO Enterprise U.K.'s Domino's Pizza Group names new CEO

(Reuters) -Domino’s Pizza Group (LON:DOM) said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operator of the pizza chain, will join the UK firm in August as its chief executive.

13.07 / 07:29

UPS Provident Target CEO Strategy Parke Power Deal Japan’s Inpex in $654m green power deal

Japan’s Inpex Corporation has plunged into renewable energy development in Australia with an investment of more than $650 million, significantly reducing its concentration in the under-pressure gas sector.

13.07 / 06:45

Aware UBS exits State Street’s insto sales, trading head exits

There’s movement on State Street’s institutional equities desk. Sydney-based David Hunter, who headed sales and trading for State Street Global Markets’ local institutional equities desk, has left after 12 years.

13.07 / 06:45

COST UPS Action Airlines Enterprise Pilots Qantas says it didn’t have to pay pilots, even if it saved money

Qantas saved about $80,000 in training costs for every pilot who missed out on a promotion when the airline last hired externally, but refused to compensate those who it wanted to pass over when it restarted operations after the pandemic.

13.07 / 06:45

COST UPS Provident FIVE Manufacturing Origin secures $70m for Newcastle hydrogen project

The federal government is tipping $70 million into Origin Energy’s green hydrogen project in Newcastle, which would help cut emissions at Orica’s manufacturing operations in NSW while also providing carbon-free fuel for buses and heavy trucks.

13.07 / 06:45

COST UPS CEO Covenant Gold miner St Barbara’s balance sheet brightens

Under pressure gold miner St Barbara delivered full-year production at the top end of its forecast range for 2023.

13.07 / 06:45

UPS MET BLOCK Deloitte Covenant Macquarie Deal Murray & Roberts’ RUC deal drags on; Macquarie takes a peek

It’s one step forward, two steps back for Johannesburg-listed Murray & Roberts’ attempts to buy back Perth-based RUC Cementation Mining Contractors out of administration.

13.07 / 04:19

Waves Deal Tokyo touchdown for Enel Australia’s 50pc sale; deal at $655m val

Italian renewables player Enel is expected to sign terms this afternoon to sell 50 per cent of Enel Green Power Australia to Japan’s INPEX in a deal that values the entire business at €400 million ($655 million) including €140 million debt.

13.07 / 02:53

UPS Murray & Roberts Australia in receivership; McGrathNicol takes keys

Turns out things have moved faster at RUC Cementation Mining Contractors than Street Talk anticipated. Macquarie’s refusal to tip in about $50 million as asset-backed lending, reported by this column on Thursday, was enough to wipe out Johannesburg-listed Murray & Roberts’ attempts to buy Perth-based RUC out of administration and return money due to creditors.

13.07 / 02:53

UPS FIVE Aviat CEO Airlines Boeing Six months in, Bonza cuts routes while it waits for more planes

Less than six months after it began operating, Bonza says it will cut five routes from its schedule while it waits for new planes to arrive after they finish operating in the northern hemisphere summer later this year.

13.07 / 02:03

UPS NASDAQ NIFTY TCS VIX GIFT Nifty down 10 points; here's what changed for market while you were sleeping

IT stocks will be in focus as markets will react to TCS and HCL Tech earnings released late yesterday. Another IT major Wipro is slated to declare its results later in the day. 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 10.5 points, or 0.05 per cent, lower at 19,554.50, signaling that Dalal Street was headed for muted start on Thursday.

13.07 / 01:51

UPS FIVE NASDAQ NIFTY NVIDIA Indian inflation data Gift Nifty, Asian markets to inflation data - check out key triggers for Indian stock market

India’s consumer price index (CPI) inflation rose for the first time in five months to 4.81% in June 2023, which was higher than the street's expectations of 4.58%. The inflation came in at 4.81% versus 4.31% in May 2023 and 7.01% in June last year. Market will also take cues from the corporate earnings for the quarter ended June 2023 with IT major Wipro to announce its results later today. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 13th July Japan’s Nikkei 225 rose 0.36%, while the Topix gained marginally.

12.07 / 20:27

FIVE Apple How two ‘besties’ almost got away with scamming millions from NAB

As a team of police was searching Helen Rosamond’s terrace house in April 2018, they made an eye-popping discovery. Inside one of the Sydney businesswoman’s two safes was a million-dollar cheque. It was in a National Australia Bank envelope labelled “bank cheque Rosemary Rogers.”

12.07 / 19:57

Facebook UPS Digital Google Platform Why India needs a policy for fair revenue-sharing between Big Tech and digital publishers

Take Google and Facebook. The two aggregate and distribute news and content that others create, and directly or indirectly monetise the resulting traffic, while the publisher gets little or inadequate share. This lopsided system has sparked a debate worldwide on whether and how revenue should be shared between the original producers and distributors of content.

12.07 / 19:09

UPS Williams Assurant Align Forrester Andrew and Nicola Forrest to pursue separate lives

Australia’s richest couple, Andrew andNicola Forrest, have separated but insist the strategic direction of the mining giant they control, Fortescue Metals Group, will not be affected by their decision to pursue independent lives.

12.07 / 15:59

Reuters Progressive Software Enterprise Interface Marvell Broadcom European Commission Deal Broadcom's $61 billion VMware deal wins conditional EU antitrust OK

By Foo Yun Chee

12.07 / 15:29

NFT defi Blockchain Game Blockchain gaming platform creates refundable NFT program

Blockchain gaming startup Spielworks has partnered with the Web3 platform Mycelium Network to launch a program that allows full refunds for nonfungible token (NFT) purchases.

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