City Melbourne Financial News

26.10 / 09:21

MET Man Platform ANZ country Ex-ANZ employee among suspects in huge money-laundering ring

A former ANZ employee is among seven people accused of running Australia’s biggest money-laundering ring and faces life in jail if convicted, as former Howard government minister Gary Hardgrave said he had been left “shocked and duped” for backing the business.

26.10 / 00:07

UPS Man Platform LinkedIn Rolex Sky News country ‘Shiny shopfronts’ led police to bust $10b Chinese crime ring

The opening of a Chinese currency remitter in Sydney’s CBD in the middle of the pandemic sparked a police investigation which has allegedly exposed Australia’s biggest money-laundering ring, with ties to cyber crime, drug running, cryptocurrency and violent crime.

15.10 / 20:57

UPS FIVE Southern show audience Kyle and Jackie O to take on Melbourne in new $200m KIIS FM contract

Kyle Sandilands and Jackie Henderson are poised to sign a record, 10-year contract cementing their controversial and sometimes obscene breakfast radio show at KIIS FM, and extending their reach into Melbourne.

15.10 / 09:35

UPS show stage hospital Vineyard Levantine Hill lands on opportunistic credit fund’s radar

Yarra Valley winery Levantine Hill, maker of $600 bottles of chardonnay and owned by Melbourne property grandees, has pricked the ears of a special sits credit fund.

15.10 / 09:35

UPS Manufacturing CEO ANZ innovations Big four-backed growth fund hunts for cutting-edge investment ideas

Fast-growing small and medium businesses requiring more capital to grow should consider partnering with a $540 million private equity-style fund backed by banks and the federal government, its chief executive says.

14.10 / 17:39

VISA Banner show blues travelers India-Pakistan match: A little bit of green in a sea of blue

Mohammad Uzair and Asif Syed Ali were a rare sight in Ahmedabad — two Pakistan fans in an Indian dominated crowd of around 120,000 witnessing the biggest show in cricket. The friends had travelled from their homes in Houston for Saturday’s World Cup clash, vowing to match their counterparts “chant for chant”. The two joined Mohammad Basheer, also from the United States, as part of the small number of Pakistan fans at the Narendra Modi Stadium, the biggest cricket stadium in the world. Visa delays have denied virtually all Pakistan fans — especially from across the border — the chance to travel to India despite having World Cup match tickets. “All’s well that ends well,” said US passport holder Uzair. “Finally, we are here but how? Don’t ask.

13.10 / 07:57

UPS Citi performer singer reports ICC World Cup 2023: What to expect from the India vs Pakistan match; performances, past records, live-streaming details

statement on its website. Ahead of the match, Ahmedabad police have also issued a notification designating the city a “no-drone zone", Times of India report stated. There was no opening ceremony held for the ICC Cricket World Cup which is being hosted in India, however, a pre match event has been planned by the BCCI ahead of the India vs Pakistan match.

13.10 / 02:13

UPS show Takeover Newcrest investors approve $17 billion Newmont takeover

By Scott Murdoch

13.10 / 00:11

Provident MET Platform Avid Celebrity audience Rich Lister accused of encouraging ‘incredibly inappropriate’ behaviour

Ed Craven, the young Rich Lister and founder of one of the world’s biggest online casinos, Stake.com, has been accused of encouraging inappropriate behaviour towards a woman on his live-streaming platform, Kick.

11.10 / 07:17

UPS Manufacturing UBS Coronavirus show BHP optimistic on steel demand, iron ore

BHP’s chief commercial officer Vandita Pant is optimistic China’s housing market policies could buoy already strong demand for iron ore, generating “strong momentum” for the steel-making commodity into next year.

10.10 / 22:11

Provident MET Aware Action Exodus pandemic Goyder to leave Qantas next year in board exodus

Qantas chairman Richard Goyder has bowed to shareholder pressure and agreed to leave the embattled airline’s board next year, joined by two of his fellow directors.

10.10 / 01:43

Ford Volkswagen BMW Mercedes-Benz Toyota Experts Rich Lister Nick Politis in $245m sale of BMW, Mercedes dealerships

Rich Lister Nick Politis will pocket $245 million from the sale of some privately owned car dealerships in Victoria to the ASX-listed group Eagers Automotive, in which he has a 27.6 per cent stake.

09.10 / 18:03

UPS Assurant Strategy country outbreak reports In a world of turmoil, Labor reassures that gas exports are a priority

Resources Minister Madeleine King says fresh outbreaks of conflict overseas underline Australia’s importance as a trusted supplier of gas, as she pushed back on industry concerns that the Albanese government was more focused on destroying demand for gas than stoking investment in new supply.

09.10 / 08:59

COST Target CEO Remark reports travelers Mitsubishi CEO calls for ‘stable’ investment climate in Australia

Mitsubishi, one of Japan’s biggest investors in Australian resources, has called on the Labor government to ensure a stable investment environment, warning the clean energy transition needs to be approached with caution.

09.10 / 01:03

UPS President Department BHP says ‘nuclear renaissance’ helps Olympic Dam expansion case

BHP chief executive Mike Henry says stronger uranium prices will boost the business case for an expansion of South Australia’s Olympic Dam copper precinct, which would in turn allow BHP to grow its uranium output.

05.10 / 15:27

COST Waves FIVE HSBC country shock Posthaste: What the global bond meltdown means to you — and your mortgage

The selloff in government bonds in recent days is being called the “one of the most violent recalibrations” of the bond market in recent years, and the shock waves are being felt around the world.

05.10 / 06:31

COST UPS folk 2020 patient Global miner BHP to focus on cost cuts, patient on M&A

By Melanie Burton

04.10 / 15:43

Lowe's ETF Strategy HSBC gatherings Global bond sell-off gains pace, Treasury yields at 16-year high

A sell-off in global bond markets gathered pace, driving yields to the highest level in more than a decade as traders brace for an extended period of tight monetary policy.

03.10 / 23:31

Lowe's Target Tencent country 2020 reports The Glassdoor post that spelt out Airwallex grief

The internal dissent within Airwallex was so intense that senior executives at the global payments giant had to acknowledge the issues in an all-staff meeting at its Melbourne office following an anonymous review that called it “the first company to make me believe suicide is the best course of action”.

03.10 / 18:41

COST UPS Citi Provident President Pallas evokes Paris in defence of $200b rail project for Melbourne

Victorian Treasurer Tim Pallas has compared the controversial $200 billion Suburban Rail Loop to the 200-kilometre Grand Paris Express currently under construction, but conceded the Labor government’s project might not be completed in his lifetime.

03.10 / 18:41

UPS Citi RBC cover pop Shaw and Partners names two new hires

Mid-tier stockbroker Shaw and Partners is on a hiring spree, adding to its research and equity capital markets teams.

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