Australia Financial News

Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.

Canva Inc. acquired the Affinity suite of creative software popular with Mac users, securing its biggest acquisition to date in an effort to compete with Adobe Inc. The deal, which is a mix of cash and stock, is valued at “several hundred million pounds,” Canva cofounder and chief operating officer Cliff Obrecht said in an interview with Bloomberg on Monday. It’s the biggest outlay yet by Australia’s most valuable startup, priced at $26 billion in its latest share sale, and marks a milestone in the expansion of its range of professional tools.

dollar steadied on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen closer to a test of levels that drew official market intervention back in 2022. The yen traded at 151.52 per dollar early in the Asia session, within a whisker of 151.94 where Japanese authorities stepped in during October 2022 to buy the currency.

NEW DELHI : Actis Llp’s BluPine Energy, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy, Torrent Power and JSW Group are exploring to buy Brookfield Renewable’s 1.6 gigawatt (GW) portfolio in India, two people aware of the development said. The deal is expected to have an equity value of around $800 million. JP Morgan is running the sale process for the 1.6 GW capacity, of which 1 GW is operational, while the balance 600 MW is under execution.

In 2022, I wrote a column asking why Canada couldn’t be as smart and successful as Australia. Two years later, by almost any metric, Australia continues to outperform us economically, while maintaining its social democracy and generous welfare programs.

global spread of Homo sapiens. But where did these pioneers go after leaving Africa? After years of debate, a new study offers an answer. These bands of hunter-gatherers appear to have lingered for thousands of years as a homogeneous population in a geographic hub that spanned Iran, southeast Iraq and northeast Saudi Arabia before going on to settle all of Asia and Europe starting roughly 45,000 years ago, scientists said on Monday. Their findings were based on genomic datasets drawn from ancient DNA and modern gene pools, combined with paleoecological evidence that showed that this region would have represented an ideal habitat. The researchers called this region, part of what is called the Persian Plateau, a «hub» for these people — who numbered perhaps only in the thousands — before they continued onward millennia later to more distant locales.

A British court says Julian Assange can’t be extradited to the U.S. on espionage charges unless U.S. authorities guarantee he won’t get the death penalty,

LONDON—British judges ruled that WikiLeaks founder Julian Assange can’t immediately be extradited to the U.S. to face spying charges, opening the way for months of further legal wrangling over the fate of the former hacker. Assange, 52, who has spent the past five years in a London prison, is fighting a drawn-out legal battle with the British government to avoid being sent to the U.S.

Australia has released details of the schedule for their upcoming home summer, which includes the visit of India for the five-match Test series with Perth to host the opening Test. The five-match Test series against Rohit Sharma's side will commence in Perth on November 22, with further Tests to be held in Adelaide (day-night), Brisbane, Melbourne and Sydney right up until the start of the New Year. It will be the first time since the summer of 1991/92 that Australia and India have played a five-match series as part of the Border-Gavaskar Trophy, which will provide both teams with a good opportunity to further cement their place in next year's ICC World Test Championship final.

DUBLIN (Reuters) — Online betting giant Flutter expects its core profit to jump by around 30% this year thanks to a four-fold increase at its fast-growing and market leading U.S. brand Fanduel, the world's largest online betting company said on Tuesday.

A look at the day ahead in European and global markets from Tom Westbrook

SYDNEY (Reuters) -Australia's housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia's three largest banks said on Tuesday.

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

Farmers are driving dozens of tractors in a slow-motion convoy towards Britain’s Parliament to protest post-Brexit rules and trade deals that they say are endangering livelihoods and food security

There was a sense the tide had turned when Swiss National Bank surprised markets and cut its interest rate on Thursday — the first of the central banks in the developed world to do so.

The strong trend for gold unravelled somewhat at the back end of last week thanks to a strong US dollar. As the metal retreated from the record high it had hit earlier in the week, it formed some mild bearish price action in the process, denting its short-term technical outlook.

In recent years, India has elevated to a stage where it has acquired the status of having the world’s largest overseas diaspora, with approximately 32 million NRIs and OCIs. Amongst the broad spectrum of India’s NRI network, Gulf countries continue to acquire the largest concentration, along with other countries like Singapore, the US, Canada, the UK, etc. With a plethora of NRIs moving abroad in search of better job opportunities and education, it is important to note that NRIs are taxed in India on the income generated within the country itself.

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

In recent years, India has risen to a position where it boasts the world's largest overseas diaspora, comprising approximately 32 million NRIs and OCIs. Among the diverse Indian NRI community, the Gulf countries remain the most concentrated, followed by countries like Singapore, the US, Canada, and the UK. As a significant number of NRIs move abroad in pursuit of better job opportunities and education, it's crucial to understand that they are taxed in India based on income generated within the country.

trade agreements (FTAs) with the UK and Oman are expected to figure in the commerce ministry's 100-day agenda roadmap for the new government, an official said. The ministry will also focus on issues pertaining to the exporting community with a view to promoting the country's outbound shipments. Further talks between India and Australia to expand the scope of existing economic cooperation and trade agreement (ECTA) for a comprehensive economic cooperation agreement (CECA) are also progressing at a healthy rate. The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.

Asian equities traded within narrow ranges early Monday as investors looked ahead to a busy week of economic data including the Federal Reserve’s preferred inflation gauge. China’s currency pared some of Friday’s losses following support by authorities. Shares in Australia and Hong Kong edged higher, while those in Japan and mainland China slipped. US equity futures were little changed after a muted end to the week on Wall Street with the S&P 500 declining 0.1% and the Nasdaq index rising by the same margin on Friday.