Australia Financial News

All the pieces have fallen into place at Vector Metering, the smart metering play now half-owned by Queensland Investment Corporation.

United Malt has avoided the fate of a lower bid from French suitor Malteries Soufflet despite the Australian-based supplier of a key ingredient in beer having posted disappointing earnings during due diligence.

Jonny Bairstow's wicket was like a turning point in the game after which Ben Stokes was pushed to take some risks and eventually loose his wicket. Fans are divided on social media with some calling it against the spirit of the game while others sharing videos of England playing against the ethical code. It was the 52nd over and England was playing on 193/6 with skipper Ben Stokes playing a remarkable innings.

Bubs Australia says its key distributor in China is seeking to claw back more than $20 million from the troubled baby formula company as refund for ageing stock sitting unsold in its warehouses.

Flight Centre boss Graham Turner says domestic business travel is strong despite ongoing cancellation issues includingmore than 100 cancelled flights at Sydney Airport over the weekend as the school holidays began.

Non-bank lenders Victorian Mortgage Group, Pepper Money and Bluestone have some of the most delinquent mortgage books in Australia, with arrears over or near 5 per cent as rate rises exert further pressure on households.

Matildas veteran Kyah Simon has completed the unlikeliest of comebacks to win a spot in Australia’s Women’s World Cup squad, nine months after tearing a ligament in her knee.

JPMorgan’s head of sponsors and co-head of general industrials, Duncan Mann, has been hired by Miles Advisory Partners.

Costa Group, the country’s largest horticultural company, is set to call time on the ASX with the board on track to recommend a takeover offer from New York private equity firm Paine Schwartz Partners as early as this week.

Chemicals distributor Redox’s $1.3 billion initial public offering on Monday was the first ASX listing north of $100 million in more than a year, leaving bankers hopeful the deal will coax more floats from Australia’s capital markets pipeline.

Ramelius Resources, the operator of the Mount Magnet gold mine, is expanding with a buyout offer for Musgrave Minerals, which is developing a project in the same region in Western Australia.

ECM teams, warm up your engines. The IPO market may be creaking open after 18 months – depending on how Redox ends its first day of trading.

Australia’s most successful Olympic sailor Mat Belcher was a natural fit to lead Australian sailing apparel company, Zhik, when he retired after the Tokyo 2020 Olympic Games.

As HBO’s award-winning drama series Succession returns for its fourth and final season on Sunday, you may not realize that the show was inspired by families behind some of the biggest media empires.

Shares of lithium producers plunged Friday after Chile, the second-largest lithium producer in the world, proposed nationalizing its production of the rare earth metal, a key component of electric vehicle batteries.

semiconductor supply chain, claimed a new study by SBI Research titled «The Beginning of a New World Order of Collaborative Knowledge Economies» on Monday. The comments on the back of India securing $825 million for a new chip assembly and test facility in India by American chip maker Micron Technology. “India at present has a negligible share in semiconductor supply chain.

artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools:AUSTRALIA Seeking input on regulations The government is consulting Australia's main science advisory body and considering next steps, a spokesperson for the industry and science minister said in April.BRITAIN Planning regulations The Financial Conduct Authority, one of several state regulators that has been tasked with drawing up new guidelines covering AI, is consulting with the Alan Turing Institute and other legal and academic institutions to improve its understanding of the technology, a spokesperson told Reuters.

Non-Resident Indians (NRIs) play an instrumental role in bolstering India’s economy. With inward gross remittances, they are fueling the country’s investment scenario and fattening foreign exchange reserves. Being a progressive economy, India has established itself as a leader in inward remittances by becoming the first country to touch the $107.5-billion mark in 2022.

Going to the right university is as important to your potential career in finance as drinking water, eating food, or even breathing. But which universities are best? It’s a question that has plagued students for years.

Thames Water’s travails this week are shining a harsh light on what has hitherto been a highly lucrative place to work: Macquarie's European infrastructure business. 

By Alex Lawler and Natalie Grover