Australia Financial News

The Sydney District Court has convicted the man behind the promotion of the now-defunct crypto exchange platform BitConnect. According to the nation’s corporate regulator, he was accused of providing unlicensed financial advice.

Asian stocks were mixed as the US dollar rose after the attempted assassination of Donald Trump reinforced bets that his chances of winning the presidential election have increased. A Bloomberg gauge of the greenback’s strength against major peers climbed 0.2% in Asia while S&P 500 contracts were little changed. US Treasury futures fell, indicating yields will rise when cash trading begins in London. Cash trading of US bonds is closed in Asia due to a holiday in Japan.

Domestic markets gained for the sixth consecutive week, driven by robust earnings from IT companies. The first quarter earnings will be a key focus this week as numerous heavyweights including Infosys, Reliance, Kotak Mahindra Bank will announce their results. Additionally, analysts said pre-budget discussions are expected to contribute to market volatility.

Delhi Capitals on Saturday parted ways with head coach Ricky Ponting after seven unsuccessful years in their quest for an elusive IPL silverware, the franchise announced on social media. While it is still early days, there is every possibility that Sourav Ganguly, the current Team Director of DC, could double up as the head coach next season. «As you move on as our head coach, we are finding it incredibly difficult to put it down in words. The four things that you told us about in every huddle — care, commitment, attitude and effort, they sum up our seven years together,» DC posted on their official 'X' handle. While the franchise waxed eloquent in that emotional post about their long association with the Australian, it is learnt that Ponting was told in no uncertain terms that his performance hasn't pleased the management after being given seven years — unheard of at franchise level without results.

dollar was on the front foot on Wednesday having rebounded from a three-week low after Federal Reserve Chair Jerome Powell struck a cautious tone on how soon interest rate cuts would come. The New Zealand dollar edged higher ahead of the central bank's rate decision, with traders on alert for any signals on the timing for policy easing.

The cryptocurrency market, particularly Bitcoin, has recently experienced notable fluctuations. Currently trading at approximately $58,000, Bitcoin has shown resilience despite a broader market downturn.

US shares touched a fresh peak as economic data supported the case for Federal Reserve rate cuts. A gauge for equities in the region gained for a fifth straight session as Japan’s Topix hit a record intraday high and shares in South Korea and Australia advanced. The S&P rose 0.5% and the Nasdaq climbed 0.9% to both set new highs Wednesday in a shortened session ahead of a US holiday. Contracts for US equities were steady in early Asian trading.

IT companies will be in focus as bellwether TCS will report its first quarter earnings. «We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings will start tomorrow with TCS first to announce numbers. Thus, the IT sector is expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Suryakumar Yadav stayed put on second position in the latest ICC Men's T20I batting rankings, which also features Ruturaj Gaikwad, who made significant progress following his exploits in the ongoing away series against Zimbabwe. Suryakumar is placed second with 821 rating points behind Australia's Travis Head, who has 844 rating points. Phil Salt of England is paced third with 797 points, ahead of Pakistan skipper Babar Azam (755), Mohammad Rizwan (746) and Jos Buttler (716). Gaikwad has gained 13 places to climb to the seventh spot in the rankings on the back of a stellar 77 not out off 47 balls in a comprehensive 100-run win for India in the second T20I against Zimbabwe.

Equity markets traded in a narrow range to close with minor gains on Thursday. Analysts said the release of pre-quarterly business updates is giving confidence in healthy Q1 earnings. «We expect this ongoing momentum to continue and the Nifty to consolidate in a broader range. Investors would watch for the US Non-farm payroll and Unemployment Rate,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Benchmark 10-year Treasury yields rose nearly 14 basis points to 4.479% overnight, with analysts linking the rise to expectations that Donald Trump will win the U.S. presidency, in turn leading to higher tariffs and government borrowing.

tech stocks lifted US and global shares to new highs ahead of inflation data due later Thursday. Equities in Japan and Australia and futures for Hong Kong stocks all rose, echoing the bullish pulse on Wall Street on Wednesday that led the S&P 500 and Nasdaq 100 each more than 1% higher to records. The S&P 500 has advanced in each of the past seven sessions, its longest winning streak since November, helping propel a gauge of global equities to a record.

Papua New Guinea’s opposition leader has urged the country’s premier Tuesday to fire the petroleum minister who is stepping down from office as he faces alleged domestic assault charges in Australia instead

Amazon Prime Video. According to Deadline, the show's creators, Kate McCartney and Kate McLennan, will return alongside its four leads.

PTI quoted an ICC board member as saying.Pakistan will host the ICC event from 19 February to 9 March, while 10 March has been kept as a reserve day for the final ICC event.With details pouring in, India has been placed in Group A with Pakistan, Bangladesh, and New Zealand, while Australia, South Africa, England, and Afghanistan are in Group B.Earlier, PCB chairman Mohsin Naqvi – invited to watch the T20 World Cup final in Barbados – had submitted a 15-match schedule with all of India's games kept in Lahore for security and logistical reasons, added the PTI report."The PCB has submitted the draft of the 15-match ICC Champions Trophy. Seven games in Lahore, three in Karachi and five in Rawalpindi," PTI's ICC source said."The opening match will be held in Karachi with two semifinals in Karachi and Rawalpindi, final in Lahore.

here.India cricketers have received a rousing welcome home from fans after winning the Twenty20 World Cup final in Barbados.India skipper Rohit Sharma held up the World Cup trophy after arriving at New Delhi International Airport early Thursday morning.Hundreds of supporters were gathered at the airport, many waving the national flag and chanting “India, India."There were thousands more waiting to continue the celebrations, which started Saturday and were about to ramp up.

SYDNEY—Australian businesses are dipping into savings to cover day-to-day running costs and repay debts amid higher-for-longer rates, but arrears remain low for now, the head of business banking at the country’s largest lender said. Like households, businesses built up cash buffers during the pandemic, and strong post-Covid demand supported business profitability. Recent Australian regulator data cited by UBS showed overall bank deposits fell in May, with an uptick in household savings being more than offset by contracting business and government deposits.

New Zealand's housing minister says the country will drastically ease restrictions on land use in a bid to “flood the market” with land for homes and override the powers of local councils to curb development

Novak Djokovic progressed to a record-equalling 13th Wimbledon semi-final without hitting a ball on Wednesday after Alex de Minaur pulled out injured as former champion Elena Rybakina eased through. Australian ninth seed De Minaur, 25, announced shortly after midday at the All England Club that he was «devastated to pull out due to a hip injury». It means Djokovic has now equalled Roger Federer's men's record of 13 semi-final appearances at Wimbledon as he closes on the Swiss great's mark of eight singles titles.

Foreign banks have emerged as the largest investors in India’s trillion dollar sovereign bond market in recent weeks, attracted by the nation’s economic prospects and a stable currency. They’ve bought more than 500 billion rupees ($6 billion) of debt since June 1, according to data from the Clearing Corp. of India. That far exceeds about 200 billion rupees of net inflows into index-eligible bonds in the period, and suggests global banks that typically buy as clients’ custodians have also been snapping them up for their own accounts.

AirAsia on Tuesday announced it will bring an innovative 'cinematic in-flight' experience for movie-goers to selected cinemas across the country to showcase its destinations as part of the movie-goers experience. AirAsia said the initiative is aimed at inviting travellers from India to discover the hidden gems of Asia and Australia and beyond through its network that will soon connect 16 cities in India to over 130 destinations across its network via Malaysia and Thailand. The collaboration will enhance AirAsia's outreach via more than 130 cinemas across 12 cities over the next six months, AirAsia's Chief Commercial Officer Paul Carroll. As part of this initiative, movie-goers will stand the chance to win AirAsia tickets to anywhere across its network, Carroll said, adding during this period, AirAsia will also be collaborating with more than 130 local travel content creators to showcase its destinations to Asia, Australia and beyond, spanning bustling cities, serene beaches, historic landmarks, and vibrant local cultures.