Finance News – Australia
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AEMO warns of potential blackouts for Queenslanders ahead of summer
The Australian Energy Market Operator has highlighted upcoming difficulties in maintaining stable electricity supply in Queensland during the summer, which could impact market oper...
Read Full Article →Butler expects blindsided states to match $2b pledge for Thriving Kids program
The federal health minister anticipates that states and territories will contribute funding equal to $2 billion to support a new initiative aimed at transitioning children with dev...
Read Full Article →ATM supplier pulls machines amid money laundering concerns
Over one hundred automated teller machines have been taken out of tobacco retail locations in Australia due to worries about their potential use in unlawful financial activities.
Read Full Article →Commonwealth Bank backtracks on AI job cuts, apologises for 'error'
The bank acknowledged its mistake in identifying certain customer service positions as unnecessary due to AI implementation, leading to an apology and potential reconsideration of...
Read Full Article →Live: ASX to rise while Wall Street sells tech
Australian equities are expected to open with gains as U.S. markets experience declines in technology stocks, reflecting a shift by investors toward sectors with comparatively lowe...
Read Full Article →The TWU’s millions: How much will sacked Qantas workers get?
The substantial penalty imposed on Qantas highlights the potential compensation amounts that the dismissed employees may receive as a result of the legal ruling addressing unfair t...
Read Full Article →I found the best supermarket. It treats you like it’s a communist dictatorship
The practices of major supermarket chains influence consumer spending patterns and market competition, ultimately affecting pricing strategies and the overall economic landscape wi...
Read Full Article →Strickland shifts focus after $45M equity sale of WA gold project
Following the $45 million equity sale of its Western Australia gold asset to Gateway Mining, Strickland Metals plans to concentrate its efforts on opportunities in Serbia, while sh...
Read Full Article →Bold banking pivot starts to reap rewards for BNK
BNK Banking Corporation’s strategic shift towards digital services and restructuring of its lending portfolio has contributed to improved profitability and strengthened its financi...
Read Full Article →‘Radical left court’: Trump lashes delay to controversial BHP, Rio Tinto project
The prolonged postponement of the BHP and Rio Tinto initiative could impact investor confidence and potential revenue streams for the companies involved in this long-standing dispu...
Read Full Article →ASX set for gains, AI stocks weigh on Wall Street; $A drops
Stocks linked to artificial intelligence experienced declines on Wall Street, contributing to overall market weakness, while the Australian dollar fell amid expectations of positiv...
Read Full Article →ANU rules out further forced redundancies
The university aims to reduce expenses by $250 million overall, currently saving $60 million through lowered salaries, with $40 million still needed, while deciding against additio...
Read Full Article →Live: ASX to recover as tech slump drags Wall Street lower
The Australian stock market is anticipated to rise modestly despite declines in major US technology firms, as investors respond to global market shifts and potential monetary easin...
Read Full Article →Petroleum tax refund boosts Pilot coffers by almost $4M
Pilot Energy's finances have improved by nearly $3.9 million following a tax reimbursement related to the suspension of output at the jointly operated Cliff Head oil site.
Read Full Article →Trump’s tariffs and anti-vaxxer clash with Australia’s $130b health giant
The recent drop in CSL’s stock reflects its extensive workforce reduction, while ongoing tensions involving trade policies and vaccine debates contribute to uncertainties surroundi...
Read Full Article →Dateline unearths six new breccia pipes at US Colosseum gold play
The discovery of multiple breccia pipes at the Colosseum project suggests an expanded mineralized zone, which could enhance the project's overall valuation and future revenue poten...
Read Full Article →Almost an ounce of gold per tonne in Star’s latest WA drill program
Star Minerals’ recent drilling at Tumblegum South in Western Australia revealed high-grade gold concentrations, indicating potential economic value and contributing positively to t...
Read Full Article →ClearVue deals solar facades into Middle East construction market
ClearVue Technologies' agreement with a Dubai manufacturer enables expanded regional production of its solar facade technology, potentially increasing market presence and revenue o...
Read Full Article →ASX extends losses; BHP rebounds, CSL tumbles
The Australian stock market continued to decline midday as major companies like BHP showed gains while others, including CSL, experienced significant declines following a series of...
Read Full Article →BHP profits take a hit as prices fall for Australia’s mining exports
The decline in demand from China and ongoing trade tensions have negatively impacted the revenue generated by Australia's mining sector, leading to reduced earnings for major compa...
Read Full Article →Jury finds Victorian business owner guilty of $87k tax scam
The court determined that the defendant unlawfully obtained a substantial refund from the tax authorities, impacting government revenue by nearly ninety thousand dollars through fr...
Read Full Article →Queensland government strikes deal with mining giant to defer coal royalties
The agreement allows the mining company to delay payments on coal royalties, with the government expecting repayment plus interest, although the specific timeline for repayment rem...
Read Full Article →Inside job: Why Saudi Arabia is losing its appetite for oil
Saudi Arabia’s decreasing enthusiasm for oil production could significantly impact global energy markets and investment trends, reflecting shifting economic priorities and potentia...
Read Full Article →Pacgold snaps up Queensland gold-antimony project
Pacgold Ltd’s acquisition of full rights to the St George project in Queensland could enhance its portfolio by adding a high-grade gold and antimony resource with strong mineral po...
Read Full Article →Lithium set for higher pricing after Chinese crackdown
The reduction in lithium availability due to regulatory actions in China is expected to influence global market prices by tightening supply and potentially increasing costs for rel...
Read Full Article →NAB flags $130m hit from ‘payroll issues’, including wage underpayments
The banking institution disclosed a significant financial impact due to discrepancies in employee compensation and has initiated a comprehensive evaluation of payroll processes to...
Read Full Article →‘Wrong kind of sorry’: Qantas hit with $90m penalty for illegally sacking 1800 workers
The court imposed a record-breaking $90 million penalty on Qantas, including a $50 million payment to the Transport Workers’ Union, highlighting the severe financial consequences o...
Read Full Article →ASX flat on weaker mining, energy stocks; BlueScope slumps
The Australian stock market remained steady as declines in mining and energy sectors offset gains, while corporate earnings and a substantial penalty against Qantas influenced inve...
Read Full Article →The billionaire with an ‘amazing story’ who changed Trump’s mind
A high-profile meeting between President Trump and a wealthy entrepreneur led to a notable shift in leadership decisions at Intel, potentially influencing the company’s future fina...
Read Full Article →Soaring energy costs threaten Future Made In Australia, steel boss warns
Rising electricity and gas expenses are heavily impacting local manufacturing profitability, with BlueScope experiencing a substantial decline in annual earnings, signaling serious...
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