Australia Financial News

SYDNEY (Reuters) — Australian consumer sentiment rebounded to a 20-month high in February as a slowdown in inflation fuelled hopes interest rates had finally peaked and boosted spending intentions, a survey showed on Tuesday.

(Reuters) -Australian financial conglomerate Macquarie Group (OTC:MQBKY) on Tuesday said its fiscal 2024 year-to-date net profit after tax fell «substantially» due to weakness in its commodities and other market-facing businesses.

India Electronics & Semiconductor Association (IESA) and the India SME Forum- have supported the continuation of prohibition of imposing customs duties on electronic transmissions at the World Trade Organization (WTO), citing it to be important for supply chain resilience post Covid. The two industry bodies made this submission to the global trade watchdog as part of a consortium of around 170 global associations. The submission comes amid India and South Africa pushing hard for the prohibition to end as it leads to revenue loss and are keen on an outcome on the issue before the WTO's 13th ministerial conference (MC13) later this month. The moratorium on customs duties on electronic transmissions is in place since 1998. Around 105 countries, including the US, the UK, Australia, China, and Japan favour this prohibition. «Continuation of the moratorium is also important to supply chain resilience for manufacturing and services industries,» the associations said.

₹50,000 crore, and exports (globally) would be just ₹1,500 crore. That is puny compared to the overall ghee market in India, which was estimated to be ₹3.2 trillion in size in 2023, according to data from market research firm IMARC, a large part of which is in the unorganized space. The market is expected to grow to ₹6.9 trillion by 2032, at a compounded annual growth rate (CAGR) of 8.72% from 2024.

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LONDON (Reuters) — The dollar was steady on Monday as a holiday in most major Asian markets subdued the start of what could turn into a busy week, with all eyes on U.S. inflation data for clues on when the Federal Reserve may start to cut rates.

An Australian court has dismissed allegations relating to Block Earner’s DeFi “Access” service in a legal case brought by the Australian Securities and Investments Commission (ASIC).

By Clyde Russell

Investing.com-- Most Asian currencies moved in a tight range on Monday as market holiday across most of the region kept trading volumes limited, while the dollar fell slightly before key inflation data due this week. 

Investing.com-- Shares of Australian pharmaceutical giant CSL Ltd (ASX:CSL) tumbled on Monday after it said that a phase 3 trial for a drug to treat second heart attacks had failed to meet its primary endpoint in efficacy.

Investing.com-- Asian stocks kept to a tight range on Monday with a bulk of major markets in the region closed for the Chinese New Year, while losses in pharmaceutical giant CSL (OTC:CSLLY) dragged Australia’s ASX 200 lower. 

Super Bowl 58 in Las Vegas this Sunday promises to be an exciting event. The game features the high-powered offence of the Kansas City Chiefs, led by quarterback Patrick Mahomes, tight end Travis Kelce, and coach Andy Reid. As reported by AP, they'll be facing off against the San Francisco 49ers, led by quarterback Brock Purdy, running back Christian McCaffrey, and defensive star Nick Bosa.

kiwi dollars were subdued in holiday thinned trade on Monday, while traders looked ahead to a central bank speech in New Zealand that could make or break market bets for another hike given the huge shift in market pricing last week. Most of Asia including China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Vietnam and Malaysia are closed for holidays.

Student accommodation platform Amber has raised $21 million in its first round of institutional funding, led by Mumbai-based private equity firm Gaja Capital. The round comprises $18.5 million in fresh equity and the remaining in venture debt from Lighthouse Canton and Stride Ventures.

By Archishma Iyer

Ind vs Aus U19 Finals Live Score Updates: The young Team India is just 190 runs away from creating history and bringing another ICC World Cup home for the record sixth time. The team bowled impressively to restrict Australia to 253 runs in the first innings, and Adarsh Singh is leading India's batting toward the target. Australia has clinched some crucial wickets, especially of skipper Uday Saharan, but Indian batters are looking in control and one good partnership can bring them close to the victory line.

Australia skipper Hugh Weibgen elected to bat against defending champions India in the final of the U-19 World Cup here on Sunday. India, who are vying for a recording-extending sixth title, are unchanged. Australia have made one change, bringing in Charlie Anderson for Tom Campbell. Teams:

India vs Australia Live Score Updates, U19 World Cup Final: Ind vs Aus, The U19 Indian cricket team – led by Uday Saharan – is all set to face Hugh Weibgen-led Australian U19 cricket team in the final of the 2024 Under-19 World Cup at the Sahara Park Willowmoore Cricket Stadium in South Africa's Benoni on 11 February.India are U19 WC defending champions and have won the U19 World Cup title 5 times – 2000, 2008, 2012, 2018, and 2022. On Sunday, the Indian team will aim to create history by winning it for the sixth time.Both the finalists have arrived at this stage unbeaten.

ALSO READ: India vs Australia U-19 World Cup Final: Date, squads, where to watch, other details On the contrary, Australia defeated Namibia, Zimbabwe and Sri Lanka in the Group stage. In the Super Sixes, Australia dismantled England by 110 runs (DLS method) and had a no-result match against West Indies due to rain.

ICC U-19 World Cup when they face Australia in the summit clash here. On November 19 last year, an Australian team left Rohit Sharma and his band teary-eyed on a global stage and for the Uday Saharans, Sachin Dhas, Musheer Khans and Saumykumar Pandeys, beating an Aussie team would certainly be very sweet. «No, we are not thinking about revenge. We are firmly focussed on present and we neither want to dwell on past or look too far ahead,» skipper Saharan recently told PTI Bhasha in Benoni. The Aussies have a quartet which could spell trouble for India and they are skipper Hugh Weibgen, opener Harry Dixon, seamers Tom Straker and Callum Vidler, the consistent performers during this edition.

₹3 crore after the English pacer was ruled out of the T20 league for undisclosed reasons. “Lucknow Super Giants (LSG) named Shamar Joseph as a replacement for pacer Mark Wood for the upcoming edition of the TATA Indian Premier League (IPL) 2024. Joseph will join LSG for ₹3 Crore.