Australia Financial News

Domestic markets faced selling pressure for a second straight day on Thursday. However, a recovery in the last hour helped the indices to close flat. «Overall strength is seen in the market as every dip is being bought, supported by strong domestic flows aided by FIIs buying in the last few days,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Neil Gaiman, one of the shining stars of the literary world, best known for modern-day classics such as ‘Good Omens’, ‘The Sandman’, ‘Coraline’ etc has been charged with sexual assault. Two women had accused the eminent author of rape. Gaiman had denied the allegations, claiming that all their encounters were consensual. He is currently being investigated by the New Zealand police. According to British tabloid Tortoise Media, the allegations span two decades. The first woman, a 23-year-old named Scarlett, claimed that she was assaulted by Gaiman at his residence in Australia in 2022. She was employed as a nanny to his son.

economic data continued to point to slowing growth, although that gave little relief to the yen, which was pinned around a 38-year low that kept the market on alert for government intervention. The euro held not far off a three-week high against the greenback, and sterling firmed ahead of UK elections later in the day.

Investing.com-- Australian consumer sentiment worsened in early-July, coming close to its weakest level since the COVID-19 pandemic as sticky inflation saw consumers grow more fearful of higher interest rates.

Singapore, July 11: Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company has successfully acquired Lithium and REE (Rare Earth Elements) exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia.

TurboTax-parent company Intuit said on Wednesday it will let go of about 1,800 employees, or 10 per cent of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

test cricket to six or seven teams and using the 20-overs format as the vehicle to spread the game were some of the views aired at a symposium organised by the Marylebone Cricket Club (MCC) on Sunday. Test cricket's dwindling appeal outside India, England and Australia has coincided with the proliferation of lucrative T20 leagues across the world. Although test cricket at the top level still often produces drama, the brevity and action-packed nature of 20-overs cricket has quickly made it the preferred format for the game's new fans.

Canada is a highly preferred migration destination worldwide, according to recent data. The North American country has become the world's most sought-after immigration destination after more than 1.5 million people looked for information on moving there online in the last year. The stunning scenery and good standard of living in Canada are major factors in this fascination, as per the reports in The New York Post.

By Simran Arora and Chris Warner

«In the coming week, we expect stock and sector-specific action as the market starts taking cues from Q1FY25 earnings. On the macro front, investors will look out for inflation data that will be released by India, the US, and China,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones

tennis player Rohan Bopanna and his Australian partner Matthew Ebden crashed out of the Wimbledon 2024 after their defeat in the second-round match on Saturday. The Indo-Aussie duo of Bopanna-Ebden conceded defeat to Hendrik Jebens and Constantin Frantzen of Germany 6-3, 7-6(7-4). The game lasted for one hour and 18 minutes. Bopanna and Ebden failed to control the match in the opening stage and gave their opponents Jebens and Frantzen a 4-1 lead without any struggle.

President Vladimir Putin and include some who’ve been sanctioned over the war that’s now in its third year.Vagit Alekperov, key shareholder and former president of oil giant Lukoil PJSC, topped the list with about 186 billion rubles in dividends. He is sanctioned by the UK and Australia, but has so far avoided US and European Union penalties.Billionaires Alexey Mordashov, of Severstal PJSC, and Vladimir Lisin, of Novolipetsk Steel PJSC, were next with 148 billion and 121 billion rubles respectively of dividend income.

Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF).

to reach 700 Test wickets earlier this year during England's five-Test tour of India.Former English pacer Stuart Broad said that the 41-year-old could have half an eye on overtaking the late Australian great Shane Warne's tally of 708 wickets. He, however, added that Anderson's real focus would still be on England winning the match.Stuart Broad is a long-time bowling partner of James Anderson and had made an emotional exit across London at The Kia Oval last summer.On Anderson's impending retirement, Broad was quoted by Sky Sports as saying, “He might have half an eye on Shane Warne's Test wicket tally of 708 if he has a really good week but he will just want to walk off the pitch winning the game.""I know he is nearly 42 and this will be his 188th Test but he will feel some nerves this week, no doubt.

interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path. Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd record this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains in megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.

Papua New Guinea’s sidelined Petroleum Minister Jimmy Maladina has pleaded not guilty to assaulting a woman during a domestic dispute in Australia

Five weeks annual leave is an idea whose time may have come. A decade ago, a Productivity Commission inquiry into Australia's industrial relations system, recommended governments periodically «examine whether there are any grounds for extending the existing 20 days of paid annual leave». Now, with the Shop Distributive and Allied Employees Association pushing for an extra week of annual leave for 1.3 million retail and fast food workers, the issue may be about to get a serious hearing.

critical minerals and their processing besides battery production, Commerce Secretary Sunil Barthwal said on Monday. Both countries have signed an interim free trade agreement and are in negotiations to expand that into a comprehensive pact, he said. «We are looking at how we can integrate our (India and Australia) economies in terms of battery production, in terms of mineral production, in terms of mineral processing, in terms of vehicle production,» the secretary said here at a conference on the roadmap for vehicle electrification. He also said that the government has taken a series of steps to promote domestic manufacturing of electric vehicles (EVs) and strengthened the ecosystem around that like boosting charging infrastructure.

euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter growth figures knocked the yen lower. Marine Le Pen's far-right National Rally (RN) party won the first round of France's parliamentary elections on Sunday, exit polls showed, although analysts noted the party won a smaller share of the vote than some polls had initially projected.

education has petered off a little in the light of job shortages, visa issues and higher living expenses abroad, many a parent is continuing to save for this goal without considering either the financial feasibility or practical problems of living and finding employment in these destinations. If you, too, are looking at this option, it is important to check if this goal is worth the effort you may be putting into it. Since this decision has the potential to wreak havoc with your finances and create uncertainty for your child, it’s best to consider the following factors before you proceed.