Australia Financial News

10.07 / 10:23

Target FIVE Patrick Local HNWs, instos in Next Capital’s Fund V, final close at $375m

Mid-market private equity firm Next Capital has locked in $375 million for its latest fund, which saw domestic investors account for more than half of commitments and a final close ruled off last week.

10.07 / 10:23

UPS Target CEO Strategy Magellan fund’s hold on institutional investors shrinks to $5b

Magellan is down to managing just $5 billion for institutional clients in its flagship global equities strategy, analysts at Macquarie estimate, after the fund suffered further outflows in June despite a turnaround in performance.

10.07 / 10:23

COST Provident Deal Can’t afford it: Crown warns changes to AUSTRAC deal could be fatal

Casino giant Crown Resorts has warned the Federal Court it cannot afford a hefty $450 million fine for breaching anti-money laundering and counter-terrorism laws unless it can be paid in instalments over a two-year period without incurring interest.

10.07 / 10:23

UPS Provident CEO PwC Deloitte Political Donations PwC to ban political donations over tax leaks scandal

PwC Australia will cease most of its political donations as part of a plan to rehabilitate its public image amid the ongoing tax leaks scandal, depriving the major political parties of contributions worth an average of more than $200,000 a year.

10.07 / 05:59

UPS Waves Energy drink under scrutiny for containing caffeine of 6 Coke cans, 2 Red Bulls. Doctors alert, ‘potentially risky for…’

AP. “But buyer and parents beware because it’s a serious health concern for the kids it so feverishly targets." PRIME, a highly popular energy drink endorsed by two prominent YouTube stars, made waves upon its release last year.

10.07 / 05:55

UPS Ball Flushing Champagne problems as Wimbledon asks fans to cork it when players serve

Champagne is such a Wimbledon problem. Someone got the timing wrong Sunday at the oldest Grand Slam tournament, where the bubbly helps wash down the strawberries and cream. «Ladies and gentlemen, please, if you are opening a bottle of Champagne don't do it as the player is about to serve.

10.07 / 04:07

Citi Provident Mobile Remark Nestle Man-made materials in nests can bring risks for birds: Study

research, 176 bird species around the world use a variety of anthropogenic materials in their nests. Birds use our leftover or discarded materials all over the world. Seabirds in Australia use fishing nets in their nests, ospreys in North America use baler twine, city birds in South America use cigarette butts, and common blackbirds in Europe collect plastic bags to use in their nests.

10.07 / 03:09

Provident Digital Aware Platform Oracle Equifax Australia's competition watchdog puts data brokers on radar

Australia's competition watchdog on Monday asked consumers, businesses and other relevant stakeholders to provide their views about the business practices of data brokers in an attempt to regulate the country's digital platform services sector. The Australian Competition and Consumer Commission (ACCC) will consider products and services supplied by major data brokers including Oracle, Equifax, Ireland headquartered Experian and global tech firm LiveRamp among other several providers to make a report on the sector.

10.07 / 02:05

UPS Reuters JPMorgan NIFTY Indian inflation data Gift Nifty flat, Asian markets rise ahead of inflation data; check out key global cues for Indian stock market

inflation data this week, including the US consumer price index, and the start of another corporate earnings season. Bond markets were volatile after a recent sell-off drove yields to multi-year highs in the US, making equities less attractive in comparison. In the US, the June CPI report is scheduled to be released on Wednesday, which is forecast to show headline inflation slowed to its lowest level since early 2021 at 3.1%, with the core easing to 5.0%, Reuters reported.

09.07 / 20:05

COST Target Action Strategy No nukes in Qld: Crisafulli rejects Dutton’s plan

Queensland Liberal National Party leader David Crisafulli has rebuffed federal leader Peter Dutton’s push to repurpose the state’s retiring coal-fired power stations for nuclear power, saying it will never get off the ground without bipartisan support.

09.07 / 20:05

Facebook UPS Provident Twitter Target Facebook to wade into Voice referendum with funding

Meta will provide a one-off funding increase to its news offering in an attempt to crack down on misinformation in the lead up to the referendum over whether to introduce an Indigenous Voice to parliament.

09.07 / 18:35

Target Action BAY Khalistan Indian Threat 11 Indian Missions were on high alert due to Khalistan threat

Khalistani elements on Saturday. While no untoward incident took place as the countries responded with a show of strength and kept mobs at bay, India is looking for such strong security measures as a matter of norm to deal with future threats as well.

09.07 / 14:45

UPS Citi BLOCK Parke Billionaire Kerry Stokes wants to buy a public road

Media and mining billionaire Kerry Stokes is trying to buy a public road, understood to be part of an effort to quietly expand the footprint of his influential private office in the middle of Perth.

09.07 / 14:45

UPS IPO Aviat CEO Airlines Boeing Virgin boss Hrdlicka eyes IPO window, ‘no rush’ to float

Virgin Australia chief executive Jayne Hrdlicka says there is “no pressure” when it comes to timing the airline’s plan to go public, dismissing the arrival of aviation’s super profits era as the upshot of typically cyclical airline earnings.

09.07 / 14:45

UPS Lowe's Booking ANZ testing ANZ the odd one out on mortgage stress testing exceptions

ANZ will remain an outlier on mortgage stress-testing rules compared to its rivals, believing that relaxing lending criteria for refinancing borrowers would be a marketing exercise that would have little effect.

09.07 / 14:45

COST UPS FIVE NASDAQ Manufacturing Why the price of your favourite chocolate might jump soon

Chocoholics may be in for a shock at the checkout after the price of cocoa soared to a 12-year high and heavy rain across West Africa accelerated the spread of a rot-causing disease.

09.07 / 14:45

FIVE Reuters Man Ball Chase Third Test in balance after advantage is squandered

Australia have squandered a perfect chance to ram home their advantage in the third Test at Headingley, letting England back into the Ashes after two poor sessions.

09.07 / 14:45

Target FIVE Fighting Assurant Chase Head saves Australia, but England have whip hand

A swashbuckling Travis Head knock has kept Australia in the third Ashes Test, but Pat Cummins’ men must conjure their own Headingley fightback to secure the urn.

09.07 / 14:45

Target FIVE VISA Highways NEM Energy transmission rollout 1200km behind schedule

Australia’s national transmission infrastructure rollout is more than 1200 kilometres behind its fast-paced transition target, and is equally unlikely to meet 2030 targets for a slower-paced rollout.

09.07 / 10:59

UPS Citi Action Yellow Limelight Khalistan foreign strain Canada, UK, Australia, US witness surge in pro-Khalistan demonstrations. Will this strain India's foreign relations?

pro-Khalistani groups demonstrated controversial posters. The rally used controversial posters inciting violence with images of the Indian High Commissioner Vikram Doraiswami and Dr Shashank Vikram, Consul General of India in Birmingham, news agency PTI reported. However, it is to be noted that all the protests have fizzled out sooner than expected, also owing to the visible police presence in all the countries.

09.07 / 06:15

UPS Waves ‘Stop supporting Khalistani terrorists’: Indians wave Tricolor in Canada | Watch

pro-Khalistani protests in Canada, the Indian community members on Saturday gathered outside the consulate holding the Tricolor in their hands to protect their diplomats and the consulate office. They were raising slogans like “Bharat Mata Ki Jai", Vande Mataram", “Long Live India", and “Khalistan Murdabad". The community members also carried placards on which several quotes against Khalistanis were written.

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