Australia Financial News

‘Living in America,’ a 1985 song performed by James Brown, captures Americans’ pride in the country’s progress and prosperity at the time. Working and living in the United States has long been a dream cherished by several global citizens. And, Indians too are not behind in making the US their home. Although, there are many ways to get US citizenship, getting an EB-5 Visa is considered to be the fastest route to settle in America.

Flight cancellations due to strong crosswinds at Sydney Airport have caused travel disruption nationwide for a second day in a row at a peak school holiday time.

June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership.

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

Insurance Australia Group has been fined $40 million for failing to pass on discounts to its policyholders, the largest such penalty in the sector.

Australia are in position to set England an imposing fourth-innings target at Lord’s, after batting their way to a big lead on a third day headlined by a major collapse from the hosts.

Pet Circle has found a deep-pocketed investor to see it through a ruff time in private markets, locking in a top-up investment from a US venture capital firm and cementing its $1 billion-plus valuation.

Australia and New Zealand for FIFA Women’s World Cup, England will host Portugal Saturday for a friendly match. After reaching Australia, the Lionesses will take on Canada in another friendly match before the kick-off of the tournament. Sarina Weigman’s team will its first match against Haiti in Brisbane on July 22.

Nathan Lyon, Australia's key spinner, has suffered a significant calf strain during the second Ashes Test and is uncertain for the rest of the series. Lyon experienced the injury while running to field a ball and had to be assisted by the physio as he left the field. Since then, he has been seen using crutches to move around and has not returned to play. Cricket Australia stated that Lyon will need a rehabilitation period after the conclusion of the current match. A decision on Lyon's availability for the remainder of the Ashes 2023 will be made once the second test match at Lord's concludes. However, Lyon may still be able to bat if required later in the match. Lyon, who claimed his 496th Test wicket by dismissing Zak Crawley in England's innings, was a key contributor to Australia's victory in the first Test at Edgbaston, taking eight wickets. Lyon is currently playing his 100th consecutive Test, making him only the seventh player in history and the first bowler to achieve this feat. His departure from the field coincided with Australia taking three wickets for 34 runs, leaving England at 278-4 by the end of day two. England captain Ben Stokes was dismissed by Mitchell Starc in the first over of the 3rd-day game. In Australia's squad, the only other spinner available is Todd Murphy, a 22-year-old off-spinner who made his debut earlier this year and has played four Tests. Murphy had an impressive performance in his first Test against India, taking 7-124, and continued to contribute throughout the series with seven additional wickets.

Canadian asset management giant Brookfield Asset Management Inc. has emerged as the world’s most acquisitive investment firm this year, as the titans of private equity increasingly stay on the sidelines.

Japan is understood to have formally requested that the Albanese government exclude Santos’ $5.8 billion Barossa gas project in the Timor Sea from Labor’s new emissions policy, fuelled by concerns about the risks it poses to supplies of gas critical to national security.

Baby formula maker Bubs, the subject of a bitter board split, will write down up to $25 million worth of inventory after its goods piled up in China.

Bubs Australia’s former board was aware that Citi had been appointed and what the terms of its mandate were as early as September 2020, emails show, contradicting claims made in documents lodged with the Federal Court as part of a lawsuit brought against two of its former executives.

Investment bankers’ fees slumped 50 per cent in the first half of the year, marking their worst six-month year-on-year showing in five years, but a series of non-deal roadshows for initial public offerings provide a sliver of hope bigger paydays are on the horizon.

Nathan Lyon is in doubt for the rest of the Ashes after the star spinner suffered a serious-looking calf injury on a disastrous day for Australia at Lord’s.

The Australian Energy Regulator has launched court action against AGL Energy for allegedly failing to have available crucial grid stability services from its coal power generators in Victoria and NSW.

Pilbara Minerals chief executive Dale Henderson says the past 12 months have been exhilarating and, not surprisingly, a little tiring.

PwC Australia has cut almost 50 roles, or 0.5 per cent of its 10,000-strong workforce, during the past week as the firm retreats to core audit, management consulting and tax compliance triggered by its ongoing tax leaks scandal.

A push to bring more competition into the Canadian grocery sector in the form of discount European brands such as Aldi and Lidl would face steep obstacles in Canada’s fragmented marketplace, experts say.

Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams.

Central Bank Digital Currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot.