Australia Financial News
07.05 / 19:31
Cooper
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International
Air India, Lufthansa deepen ties in 'rare' code-sharing pact
Air India and Lufthansa have strengthened their relationship with the German major expanding the code-share agreement on the popular India-Australia route. Under this new pact, passengers of Lufthansa, from its hub in Frankfurt and Munich, will be able to travel to Sydney and Melbourne via Delhi and Mumbai airports on Air India.
07.05 / 11:51
07.05 / 11:51
Provident
Booking
Airlines
security
Hudson
Courts
International
Qantas agrees to pay $79 million in compensation and a fine for selling seats on canceled flights
Qantas Airways has agreed to pay $79 million in compensation and a fine for selling tickets on thousands of cancelled flights
07.05 / 11:51
markets
UPS
DOW
Trade
electronic
reports
Stock market today: World shares mostly gain after tech stocks lead Wall St higher
Markets in Europe and Asia are mostly higher after another day of gains on Wall Street led by technology stocks
07.05 / 09:47
Waters
Yellow
Trade
country
2020
Department
International
China says its military took necessary steps to warn Australia in jet incident
China said on Tuesday its military took steps to warn and alert an Australian aircraft after Australia blamed a Chinese fighter jet for endangering one of its military helicopters during an «unsafe» confrontation over the Yellow Sea.
07.05 / 07:05
markets
COST
UPS
economy
Election
show
Record immigration is colliding with housing crises across the world
economic growth is faltering. For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates. That’s now breaking down as a surge of arrivals since borders reopened after the pandemic runs headlong into a chronic shortage of homes to accommodate them. Are you immigration ready? Find out Canada and Australia have escaped recession since their Covid contractions, but their people haven’t with deep per-capita downturns eroding standards of living. The UK’s recession last year looked mild on raw numbers but was deeper and longer when measured on a per-person basis.
07.05 / 06:19
Provident
Trade
crypto tax
Bitcoin
information
reports
Australia Tax Office Sets Sights On Crypto Exchanges’ Client Data, Bank Details
The Australian Tax Office is demanding annual transaction details from crypto exchanges in a move to tackle potential tax evasion. This crackdown aims to ensure investors correctly report their crypto gains and pay any capital gains taxes owed.
07.05 / 05:25
Digital
Mobile
Bill
country
International
Profiles
NRIs from 10 countries can now make UPI payments using ICICI Banks's iMobile Pay| Here's how to use it
iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. Sidharatha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, commented on the launch, “We are delighted to partner with NPCI to launch the UPI facility on international mobile numbers through iMobile Pay. With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI.
07.05 / 02:45
markets
UPS
Waves
MSCI
Nikkei
Trade
Rate Cut
rate cut bets
Asia shares rise on rate cut bets; RBA seen turning hawkish
Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3% in early trade. Hong Kong shares traded marginally lower, having ridden a wave of heavy buying from mainland investors to lift the Hang Seng index more than 14% higher in a 10-day winning streak, its longest since 2018.
07.05 / 02:45
markets
UPS
Reuters
Waters
Gap
Trade
Yen eases despite intervention threat, Aussie steady before RBA
interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week. The Australian dollar hovered close to a two-month high versus its U.S. counterpart with the Reserve Bank of Australia widely expected to keep rates steady later in the day, and traders on watch for a more hawkish stance from Governor Michele Bullock.
07.05 / 00:27
UPS
Man
Death
wellness
travelers
Investigations
surfing
Australian
Missing Australian, American surfers found dead in well with gunshot wounds
Three surfers who went missing in Mexico over a week ago have been confirmed dead after their bodies were identified by relatives, Mexican officials announced Sunday.
06.05 / 14:35
Blockchain
Provident
Digital
security
crypto regulation
Courts
Financial
Australian
Australian Federal Court Rules Mostly in Favor of Regulator in Case Against BPS Financial
The Australian Federal Court has delivered a ruling mostly in favor of Australia’s markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme.
06.05 / 13:17
markets
wellness
Trade
President
reports
Interviews
Stocks gain ahead of central bank speeches
Stocks made small gains in holiday-thinned trading as traders turned their attention to a line-up of central bank speeches this week.
06.05 / 12:19
Progressive
Analysis
Election
trends
show
country
Voter turnout: What data says about India’s reluctant electors
As 94 Lok Sabha seats go to polls on Tuesday in the third phase of the ongoing elections, voter turnout will again be under scrutiny. The election season has had a disappointing start, with overall turnout in the first two phases lower than it was in 2019. This trend has sparked concerns over whether Indian voters are less inclined to cast their ballots amid the scorching summer heat.
06.05 / 08:45
community
Celebrity
innovations
cricket
Sporting
athletics
Pat Cummins introduces Mumbai to the New Balance experience
India,- New Balance, one of the world’s fastest growing sports brands, unveils its newest retail concept at Linking Road, Mumbai alongside celebrated cricketer,Pat Cummins.The launchhighlights New Balance's strategic expansion plans, under the newly launched India subsidiary,of broadening its global presence and making significant strides within India. The unique retail concept embodies New Balance at the intersection of sports and culture catering to both, the fashion influencers, and the elite athletes. The new store intends to offer a dynamic retail experience highlighting the brand’s quality craftsmanship and its consistent strive for innovation.
06.05 / 01:37
markets
Reuters
Booking
wellness
Trade
reports
recommendations
Indian stock market: 8 key things that changed for market over weekend - Gift Nifty, US jobs data to Nasdaq rally
Read here: Week Ahead: Q4FY24 Results, FII activity, macro data, global cues among key market triggers this week On Friday, the Indian stock market benchmark indices ended around a percent lower, dragged by profit booking across sectors as well as losses in heavyweight stocks. The Sensex dropped 732.96 points, or 0.98%, to close at 73,878.15, while the broader Nifty 50 settled 172.35 points, or 0.76%, lower at 22,475.85. “Nifty 50 after marking a new high at 22,794 levels, witnessed profit booking and came under pressure.
05.05 / 18:32
FIVE
country
International
cricket
NOT
ICC chief expresses concern on Afghanistan not having a women's team in T20 World Cup, says 'Until something changes'
Cricbuzz quoted Aldrice as saying the media in Dhaka. ALSO READ: India and Pakistan to clash again in October: Check Women's T20 World Cup 2024 schedule "Until something changes, that will remain the situation.
05.05 / 16:17
Progressive
WhatsApp
India, Australia in Group A of Women's T20 WC; Scotland qualify
India were on Sunday placed in Group A alongside defending champions Australia, New Zealand, Pakistan in the Women's T20 World Cup, which will be held in Bangladesh from October 3-20 this year. With all their group matches scheduled to be played at Sylhet, India will open their campaign against New Zealand on October 4 and face off against arch-rivals Pakistan on October 6 as the ICC announced the schedule for the ninth edition of the Women's T20 WC. India's next assignment will be against yet-to-be-identified Qualifier 1 team on October 9 while their clash against six-time world champions Australia will be on October 13. «Each side will play four group matches at the tournament, with the top two teams from each group progressing to the cut-throat semi-finals on 17 and 18 October ahead of the Final in Dhaka on 20 October,» the ICC posted on its website.
05.05 / 11:51
Entertainment
country
International
cricket
Sporting
India and Pakistan to clash again in October: Check Women's T20 World Cup 2024 schedule
Women's T20 World Cup 2024 schedule: The International Cricket Council (ICC) on Sunday announced the schedule for the upcoming Women's T20 World Cup 2024. The ninth edition of the marquee event will be held between October 3 and 20 in Bangladesh. The high-voltage India vs.
05.05 / 11:19
markets
COST
MET
Research
Met coal imports from Russia jump nearly three-fold in last 3 fiscals
metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm. Russia's share in India's metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 per cent from around 8 per cent in 2021-22, research firm Big Mint said in a statement. The import of metallurgical coal, which includes coking coal and pulverised coal injection (PCI), from Russia, stood at 5.1 MT, accounting for 8 per cent of India's total imports of 65.6 MT of the commodity in 2021-22. Metallurgical coal imports from Russia rose to 11.3 MT in 2022-23, accounting for 16 per cent of 69.9 MT met coal imports in that year. In 2023-24, met coal imports from Russia were 15.1 MT or 21 per cent of total met coal imports of 73.2 MT. Australia, a major supplier of met coal to India, saw a decline in the commodity's exports to India. Australia supplied 50.7 MT of met coal in FY22, or 77 per cent of the total imports of India. Met coal shipments dropped to 42.2 MT in FY22, while market share also declined to 60 per cent. In the last fiscal, met coal imports from Australia dropped further to 40.4 MT, resulting in a market share of 55 per cent.
05.05 / 07:27
Ball
Career
wellness
performer
country
social
International
IPL 2024: Parthiv Patel criticises Glenn Maxwell after RCB vs GT, gets brutally trolled in return, ‘stop this agenda’
IPL 2024: Parthiv Patel conducted a poll on X (formerly Twitter) to see his followers’ take on Glenn Maxwell. Users were given two options to choose between Maxwell as an Australian great or a great IPL player. The results were overwhelmingly in favour of Maxwell playing for his country.
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