Australia Financial News

Australia's first Twenty20 World Cup warm-up match took an unusual turn on Tuesday when the team could only field nine players instead of the standard 11 for their game against Namibia, resulting in the chief selector and coach stepping in to complete the squad. The T20 World Cup starts on Saturday and is being held in the United States and the Caribbean. At Trinidad’s Queen’s Park Oval, the Australians secured an easy victory. They restricted Namibia to 119-9 after the African team was sent in to bat. Australia, led by David Warner’s unbeaten 54, chased down the target, scoring 123-3 in just 10 overs, winning by seven wickets. Selection chief George Bailey and fielding coach Andre Borovec, wearing unmarked shirts, joined the field after Australia captain Mitch Marsh won the toss. Bailey, 41, a former international cricketer and one of Australia’s best fielders, and Borovec, 46, a former wicketkeeper for Geelong in the Victorian Premier Cricket league, played as substitutes. Later, Cricket Australia reported that batting coach Brad Hodge and head coach Andrew McDonald also took to the field when Marsh and Josh Hazlewood spent time off.

Sensex declined 220.05 points, or 0.29%, to close at 75,170.45, while the Nifty 50 settled 44.30 points, or 0.19%, lower at 22,888.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded mixed on Wednesday tracking a similar trend overnight on Wall Street.Japan’s Nikkei 225 gained 0.18%, while the Topix was flat. South Korea’s Kospi declined 0.26% and the Kosdaq dropped 0.44%.

air ticket prices in India spiked 9 per cent in the first quarter of 2024, primarily on account of general increase in travel demand and «much stronger» economic growth, according to Australian Securities Exchange-listed FCM Travel. At the same time, FCM Travel said there was a 20 per cent jump in the premium class bookings in the January-March period compared to the same period last year, driven by sectors such as manufacturing IT as well as conglomerates. «Domestic air capacity has increased more than 3 per cent but due to the demand in travel, we have seen average ticket prices increase by 9 per cent which is attributed to a much stronger economic growth and a general increase in demand for travel,» said Sunny Sodhi, Managing Director of FCM Travel India. Popular domestic routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai, he added.

Shares are mixed in Asia after U.S. markets were closed for the Memorial Day holiday

Shares have advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States

Sensex eased 19.89 points, or 0.03%, to close at 75,390.50, while the Nifty 50 settled 24.65 points, or 0.11%, lower at 22,932.45.“Amidst the celebration, there looms a question regarding the sustainability of this bullish trend. The previous day unfolded with cautious trading, anticipating heightened volatility in the near term.

dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in Britain and the United States, but the overall mood was positive with world shares firming.

Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.

cryptocurrency company nChain was governed by a golden rule of office politics: It was not a good idea to challenge Craig Steven Wright, the chief science officer. At nChain’s London offices, Wright, an Australian computer scientist, was treated as a sort of philosopher king. He wore three-piece suits and drove a Lamborghini. A middle manager would tape Wright’s ramblings about obscure technical matters and then share the recordings with a staff of researchers, who were instructed to turn his musings into patents. Wright’s authority rested on a claim to a kind of divine significance — that he was the mysterious creator of Bitcoin. The original white paper

PTI reported.Starc, acquired by Kolkata Knight Riders for a record ₹24.75 crore, showcased brilliance during the crucial stages of the tournament. His exceptional performance yielded 17 wickets, with five crucial dismissals in the knockout matches, playing a pivotal role in propelling the Shah Rukh Khan-owned team to a commanding title victory.Also Read: IPL Final 2024: Fans react to Mitchell Starc’s ‘unplayable’ delivery to dismiss Abhishek Sharma, ‘Prime Wasim Akram’To a query from PTI as to how he would take it up from here after his best year in franchise cricket, Starc hinted that T20s could gain prominence in his roster.“For the last nine years, I certainly prioritised Australian cricket.

United Nations resident coordinator dated Sunday, the acting director of the South Pacific island nation’s National Disaster Center said the landslide “buried more than 2000 people alive" and caused “major destruction."Estimates of the casualties have varied widely since the disaster occurred, and it was not immediately clear how officials arrived the number of people affected.Australia prepared on Monday to send aircraft and other equipment to help at the site of a deadly landslide in Papua New Guinea as overnight rains in the South Pacific nation’s mountainous interior raised fears that the tons of rubble that buried hundreds of villagers could become dangerously unstable.Australian Defense Minister Richard Marles said his officials have been talking with their Papua New Guinea counterparts since Friday, when a mountainside collapsed on Yambali village in Enga province, which the United Nations estimates killed 670 people. The remains of only six people had been recovered so far.“The exact nature of the support that we do provide will play out over the coming days," Marles told Australian Broadcasting Corp.“We’ve got obviously airlift capacity to get people there.

₹24.75 crore, earlier faced sharm criticism for not delivering despite being the most expensive player in IPL history. However, his performances in two knock-out games have been “paise vasool" for KKR fans.“This is my public apology for putting shade at starc in initial matches," wrote one fan while another called it the “Best delivery of this season for sure".“This ball was unplayable...

dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-rate currencies and supporting the dollar while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

traded sideways throughout the session to close with a loss of 17 points at 22951 levels on Friday. «We expect the market to witness a gradual up-move and see some volatility next week as both election and earning season are nearing the end,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Also Read: UK polls: Rishi Sunak announces proposal of new National Service model for 18-year-oldsHowever, he added that the new estimated death toll was ‘not solid’ because it was based on the average size of the region's families per household.The UN agency's representative said that there are an estimated 150-plus houses now buried.

U.N. migration agency estimated on Sunday as rescue efforts continued. Media in the South Pacific nation north of Australia had previously estimated Friday's landslide had buried more than 300 people. The International Organization for Migration (IOM) said earlier on Sunday that only five bodies had been retrieved from the rubble.

Kolkata Knight Riders and Sunrisers Hyderabad on Sunday at Chennai's MA Chidambaram Stadium, former Australia cricketer Shane Watson said that the Pat Cummins led-side has a slight advantage but the Knight Riders are favourites to lift the title. KKR finished the league stage on the top of the points table with nine wins, three losses and two no results, giving them 20 points. They earned a direct spot in the final by defeating SRH in the qualifier one. SRH got a second shot at the title in the qualifier two against Rajasthan Royals (RR) and they made the most of it by defeating the Men in Pink by 36 runs. Both teams have been incredible with the bat this season. KKR and SRH have posted six 200-plus totals this season, three each. SRH also made the highest IPL total over, 287/3 against Royal Challengers Bengaluru (RCB). When the tournament is all said and done, it will be looked at as something game-changing, something that could bring a paradigm shift to the way T20s are played and the credit will go to these two teams.

IPL campaigns in 2012 and 2014, will have the chance to win the trophy for the third time.The following day, May 27, is the final deadline to apply for the post of head coach of the Indian cricket team. The Board of Control for Cricket in India (BCCI) earlier revealed that Rahul Dravid, currently on extension as Head Coach, would have the chance to reapply for the post.

Also Read: Viral video: Thieves use bike to steal goods from moving truck, netizens draw Dhoom parallelOn this day in 1999, during India’s World Cup match against Sri Lanka in Taunton, Sourav Ganguly and Rahul Dravid forged a spectacular partnership of 318 runs for the second wicket. This stand set a record for the highest partnership in ODIs at the time.

IPL, it has come down to this. The Sunrisers Hyderabad will take on Kolkata Knight Riders for this year’s bragging rights. It was probably not the first pick of experts, pre-tournament, to make it to the final, but it was not the last. The primary reason for this is SRH’s acquisition of Pat Cummins. As a bowler, Cummins is world-class, but his efficacy is highest in Test cricket. Cummins can hit a long ball but you would not go as far as putting him in the bowling allrounder category.

WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said. The issue came up for discussion during the meeting of the WTO's agriculture committee on May 23-24 in Geneva.