Australia Financial News

While thefocus for the moment is — rightly, on the long working hours of juniors investment banking divisions after the death of Leo Lukenas (whom Bank of America says didn't work long hours, but whom a headhunter now says was seeking to find a new job for that very reason), there were reminders yesterday that young bankers aren't alone in being expected to grind. 

Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal. 

A Belgian court has ruled that all assets in the country belonging to American investment group 777 Partners can be seized, in the latest legal setback for the embattled company that owns Standard Liège and several other soccer clubs

Vaccines manufacturer Serum Institute of India (SII) on Friday said it is acquiring 20 per cent stake in IntegriMedical, to advance needle-free injection system technology. IntegriMedical has developed a US patented needle-free Injection System (N-FIS) that utilises high-velocity jet stream using mechanical power to effectively and consistently administer biologics and drugs, Serum Institute of India (SII) said in a statement. The company, however, did not disclose the financial details of the transaction. The innovative drug delivery solution aims to alleviate pain during administration, providing needle-phobic patients with a stress-free experience.

Miami-based investment company, which has also seen its airline in Australia grounded in recent weeks and faces a massive fraud lawsuit in New York. Belgian media reported that the court authorized the seizure of all 777 Partners's assets in the country, including Standard’s accounts and shares, as well as shares in Immobilière Standard de Liège, which owns the Maurice Dufrasne stadium. The court declined to comment when contacted by The Associated Press.

acquisition of Haifa port in Israel, which has pounded Gaza after a shock attack by Hamas, sparked the Norges decision. A fourth of India's total cargo is handled by APSEZ, which owns a total of 14 ports including in Israel, Australia and Sri Lanka. An email sent to Norges seeking comment went unanswered.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

Mahendra Singh Dhoni's captaincy, India lifted the last ICC title in 2013, the Champions Trophy, when they defeated hosts England in a rain-curtailed final. Under Dhoni's leadership, India clinched the 2007 and 2011 ICC Men's T20 World Cups. However, the country has not won an ICC trophy since 2013, though it did manage to reach the final of the home ODI World Cup last year and lost to Australia.

Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down. His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.

special court has dismissed a plea by the Metals and Minerals Trading Corporation of India (MMTC) seeking the registration of an FIR by the CBI in connection with alleged corruption in the import of coal from an Australian company at inflated rates in 2009, officials said Thursday. The PSU had sought directions to the CBI to register an FIR in matter which is now being investigated by the central probe agency by registering a preliminary enquiry. A preliminary enquiry is the first step by the agency to ascertain if there is prima facie enough material in the allegations to warrant a full-fledged investigation through an FIR or a regular case, they said. The plea was dismissed by the special court which said it does not have power to direct the CBI to register an FIR and investigate the case.

J&J and AstraZeneca shots that were later pulled from the market, contain a component that can trigger blood clots in genetically susceptible individuals, scientists reported Wednesday in a letter to the New England Journal of Medicine. Researchers are now aiming to identify the specific component and attempt to remove it through genetic engineering, the report said.

Coinbase exchange is having big plans in developing services that targets Australia’s $600 billion self-managed pension sector, Bloomberg reported.

Also Read: Viral video shows wild bull attacking woman as she tries to save her belongings; netizens ask, 'How dumb can you be?' "A big Indian community of students doesn’t come with a “homely" feeling. It comes with toxic Indian patterns: Too much drama, lack of professionalism, no good role models, no leadership or responsibility towards juniors, self-centred behaviour, “group-ism", back bitching, no seriousness towards the future.

dating app or do you go with the flow? Dating App Tinder has revealed in one of their surveys that both men and women have misconceptions about what the other wants. This has been reported by ‘USA Today’. The Green Flags Study which was released on Wednesday surveyed over 8000 heterosexual men and women in the US, Canada, UK and Australia to understand the preferences of each other and found out that individuals are quick to make assumptions of the opposite sex.

PSUs) are readying a coordinated strategy to secure overseas critical mineral assets. Coal India Ltd. (CIL), National Mineral Development Corporation (NMDC), ONGC Videsh Limited (OVL), besides Khanij Bidesh India Ltd.

Mercedes-Benz NXT, the German automotive giant’s Web3 arm, is launching a new non-fungible token (NFT) collection in partnership with Mojito, a suite for creating NFT marketplaces.

BCCI is keen to secure him as the new coach of the Indian cricket team, a prospect that could bring a new era of success. Ricky Ponting, who led Australia to the World Cup twice, is also in the race, and as per a REVSPORTZ, BCCI has informally communicated its wishes to the batter. The report added that the response from both Stephan Fleming and Ricky Ponting hasn't been positive.

Australian government announced on Tuesday the introduction of a new innovation visa to attract exceptionally talented workers, replacing a controversial investor migrant program deemed economically ineffective. The changes, revealed in the annual budget by Treasurer Jim Chalmers, form part of a comprehensive overhaul of Australia's migration system aimed at drawing skilled workers and top talent while curbing overall immigration. Think you check all the immigration boxes? Find out The new visa will replace the Global Talent visa program, which is set to end in late 2024. The government emphasized its goal «to target exceptionally talented migrants who will drive growth in sectors of national importance.»

Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governments will discuss the joint exploration of critical minerals such as lithium.

Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices.

₹1,600–1,800 crore in advertising revenue for Disney Star, the official media rights holder this season, similar to the previous tournament in Australia two years ago. Multiple media planners told Mint that the revenue figure will likely stay unchanged from the 2022 season despite the number of matches and teams being higher this time. This is because for the Indian audiences, some matches will start early in the morning, which could make it difficult for the broadcaster to grab eyeballs.