Australia Financial News

The fallout from the abrdn Australia restructure continues.

Athena Home Loans – the start-up mortgage lender attempting to challenge the dominance of the major banks by offering lower rates to good borrowers – is raising $20 million from existing investors using a funding mechanism that lets it keep its valuation in a falling market.

Berlin | Mining and clean-energy billionaire Andrew Forrest is poised to set up a new battery manufacturing hub in the US, as Fortescue Future Industries tries to reap the benefits of President Joe Biden’s $US369 billion ($550 billion) Inflation Reduction Act.

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R Balki's directorial venture 'Ghoomer', starring Abhishek Bachchan and Saiyami Kher, will lift the curtain on the 2023 Indian Film Festival of Melbourne (IFFM) on August 12. According to the makers, the film narrates «a triumphant story of a paraplegic sportsperson (Kher), who excels as a cricketer under the guidance of her coach (Bachchan).» The story is co-written by Balki, known for 'Cheeni Kum' and 'Ki and Ka', with Rahul Sengupta and Rishi Virmani. In a joint statement on Monday, Balki and Bachchan said they are honoured to open the IFFM with 'Ghoomer'. «It's indeed an honour and pleasure for us that 'Ghoomer' will be the opening film at the IFFM. Ghoomer is a story of turning adversity into advantage. A story of innovation when faced with extermination. »'Ghoomer' is a tribute to sport and the reservoir of human resilience. It's only fitting for a film that believes that 'Sport makes life worth living' to be launched in the sport capital of the world, Australia, land of the MCG. Welcome to the first preview of 'Ghoomer'," they said.

By Julie Zhu

Growth in consulting work is slowing as high inflation causes clients to cut costs at the same time the PwC tax leak scandal fuels a reputation crisis in the industry and the federal government tightens up on public sector work.

US Federal Reserve to increase interest rates by 25 basis points this month. Meanwhile, several Fed officials said additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the US central bank's current monetary policy tightening cycle is getting close, Reuters reported. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 11th July In Japan, Nikkei 225 gained 0.6% and the Topix rose 0.3%.

Sky News Australia, “I think that the marriage is very nearly finished."  In a separate post on Instagram, Larsen compared the Duchess of Sussex to British-American musician Slash of the rock bank Guns N' Roses and referred to her again as his friend. In past, the Duchess’ father had criticised her and Prince Harry over their treatment of the royal family.  “It amazes me that they go on Oprah Winfrey for hours and talk and expose things they shouldn't be exposing to anyone.

Swiss private markets investor Partners Group has taken a punt on a seasoned investment banker as it seeks to hone its focus in the Australian market.

Manufacturers called for baseload coal power stations to be kept running longer to keep electricity supply secure as the pace of the energy transition needed to meet 2030 climate targets falls far behind.

Bigger, faster, stronger. The next-generation Boxer armoured vehicles being made in Australia by German defence giant Rheinmetall are in high demand in armies around the world.

Last week saw more rules and regulations emerge regarding digital assets. Thailand’s Securities and Exchange Commission issued new rules requiring digital asset service providers to warn customers of risks associated with cryptocurrency trading. The warning message must be clearly visible, and before customers can use the service, the business operator must arrange for the users to give consent and acknowledge the risks. Apart from a trading risks disclaimer, the new guidelines prohibit service providers from using customers’ funds for lending or investment.

An influencer-backed energy drink that has earned viral popularity among children is facing scrutiny from lawmakers and health experts over its potentially dangerous levels of caffeine

Bleach TYBW part 2 episode 2 or Episode 15 in the overall series is scheduled to be released online on July 15 at 11:00 PM (JST). This anime series airs on a weekly basis every Saturday. Viewers can watch Bleach on streaming platforms such as Crunchyroll and Netflix. On July 8, Bleach TYBW part 2 episode 1 or epiosde 14 overall was released raising curiosity among fans. Once the episode is released in Japan, it will become available for streaming in various time zones. Viewers in the US and other parts of the world can watch Bleach TYBW Episode 15.

It appears Street Talk’s eagle eye missed one defence major lurking in the data room of takeover target Austal.

The country’s market operator has asked Patriot Battery Metals to respond to claims by an activist short-seller that the lithium explorer has manipulated its stock price and “over-touted” the size of its reserves.

Western Australian copper junior Cyprium Metals was asking investors for a $35 million cash injection on Monday morning, offering to part with shares at a whopping 63.6 per cent discount to the last close.

Private adviser LGT Crestone will lose access to UBS’ analyst research now that the Swiss bank is returning to Australia’s wealth management scene through its takeover of Credit Suisse.

The gas industry says the federal government is “taking control” of the market with its new mandatory code governing all sales of the fuel on the east coast and must now act to ensure new supply is opened up to head off looming shortfalls.

St Albans | Cameron Smith has enjoyed the perfect tune-up to defend his British Open title, ending a win drought with another money-spinning victory at the latest LIV Golf event at the Centurion Club.