Australian Financial News

Washington | American fast-food chain Wendy’s has inked a deal with the world’s largest food franchisee and the new owner of Pizza Hut in Australia, Flynn Restaurant Group, to build 200 local Wendy’s stores starting in two years’ time.

Glencore chief executive Gary Nagle says the Albanese government’s new carbon policy is progressive by global standards and could do Australia more harm than good.

Australia’s biggest coal miner Glencore has joined Coronado Global Resources in forecasting lower production costs in the six months ahead, as evidence mounts the coal sector’s inflation crisis may have peaked.

When battery-grade lithium prices descended into a bloodbath on the new Guangzhou Futures Exchange last month, it sent ripples through the Australian bourse, tearing chunks off the share prices of lithium miners and explorers.

Big Japanese investors in Australia’s resources sector sent more than $9 billion of dividends back to Tokyo in the past year, but issued a fresh warning about the risk posed by government interventions in commodity markets.

The Times of India. The four teams bear an uncanny resemblance to former England captain Eoin Morgan's pick. In an interaction with WION, Morgan had said that he had no doubt that India and England would be among the top four teams in the ODI World Cup.

China is lifting a stifling 3-year-old tariff on Australian barley in a sign of an improving bilateral trade relationship since Australia’s government changed

Bank of America has made two high-profile changes in its investment bank, building on a successful strategy of elevating Australian bankers into broader regional roles this year.

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Australia’s financial regulator has sued trading platform eToro over one of the leveraged trading products it offered to retail investors, alleging inappropriate screening tests caused thousands of users to lose money.

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WeChat on government devices. Tuesday's report contains 17 recommendations including new transparency rules enforceable by fines, expanding an existing TikTok ban on government devices to contractors and investigating a ban on WeChat on government devices.

The Spanish owner of CIMIC, Australia’s biggest construction group, has confirmed it wants to use its stake in Barcelona-headquartered toll road operator Abertis to expand into tolling motorways in Australia.

Bendigo Bank, an Australian financial institution, has announced new rules targeting “high-risk” instant payments to crypto exchanges.

Australia. Initial theories suggested that the object was «space junk». Now, officials have identified the mysterious object as nothing but debris from an Indian rocket. The barnacle-covered object is easily the size of a small car. Read on to know more about it. The mysterious space object was found at Green Head, a town which is about 250 km / 155 miles from Perth, the capital of Western Australia. The object was earlier being guarded by the police, though it did not pose a risk to anyone. The gold-hued canister measures around 2.5 meters long and 2.5 meters wide, and is now in storage. The Australian Space Agency has revealed the object was «most likely» to be “debris from an expended third-stage of a Polar Satellite Launch Vehicle". This kind of medium-lift launch vehicle, the PSLV, is operated by the Indian Space Research Organisation (ISRO). The third stage of the vehicle is catapulted at an altitude of 264 miles.Sky News reports the Australian Space Agency as saying that officials from India and Australia are working together to «provide further confirmation to determine next steps, including considering obligations under the United Nations space treaties». Garth Griffiths, a local, told ABC News that it was a local lady and her partner who discovered the object. It was “just floating on the edge of the water and dragged it out with their four-wheel drive," he said, adding, «There were barnacles and marine life growing on it.»

Australian army helicopter that crashed Friday during a multinational exercise hit the water with a «catastrophic impact» and there is no chance its four crew members survived, officials said Monday. Australia's fleet of more than 40 of the MRH-90 Taipan helicopters, made by French Airbus, has been grounded since the crash and there are doubts any will fly again. They will be grounded until crash investigators determine what caused the tragedy.

Australian army helicopter ditched into waters off the Queensland state coast during joint military exercises with the United States, officials said Saturday. The MRH-90 Taipan helicopter went down near Hamilton Island, a Great Barrier Reef tourist resort, at about 10:30 p.m. Friday, Defense Minister Richard Marles said.

Andrew Formica (pictured), retired as CEO of Jupiter Asset Management last year.

Coinbase Chief Policy Officer Faryar Shirazad has noted the importance of regulatory clarity in Australia to position itself as a major web3 hub.

Kyle Chalmers and Emma McKeon got goosebumps.

Jason Day could not quite make it Jason’s day at the British Open – but the rejuvenated Australian golf superstar was still left thrilled after joining a host of legends with his near-miss at Royal Liverpool.