Finance News – Australia
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Third NSW government agency this past week flags job cuts
Despite the recent addition of 500 roles, approximately 100 non-teaching positions at TAFE NSW are set to be eliminated, reflecting ongoing budget adjustments within state agencies...
Read Full Article →ASX set to dip as Wall Street’s winning streak ends; Oil surges
The anticipated decline in the Australian stock market reflects a broader cautious sentiment following the pause in US market gains, while rising oil prices may impact energy-relat...
Read Full Article →Owners of most profitable pokie machine club in NSW taken to court
The company operating the top-earning pokie machine venue in New South Wales faces legal action from the federal financial crime authority due to concerns surrounding its financial...
Read Full Article →Cricket Australia considering private ownership and expansion in BBL
Cricket Australia is evaluating potential changes to the Big Bash leagues, including new ownership models and growth opportunities, aiming to enhance revenue streams and strengthen...
Read Full Article →ATO reviewing how it decided to waive $950k owed by former PM's company
The tax authority is reassessing its prior choice to cancel significant financial obligations for a former prime minister's business, aiming to ensure fairness and maintain public...
Read Full Article →Annual inflation hits 2.1pc in June quarter, down from 2.4pc in March
The decrease in the underlying inflation rate suggests a potential easing of price pressures, which may influence monetary policy decisions and affect borrowing costs for consumers...
Read Full Article →Live: ASX to slip and RBA awaiting inflation data to determine whether to cut rates
The Australian stock market may experience a modest decline as investors await the upcoming inflation report, which will influence the Reserve Bank's decision on potential interest...
Read Full Article →Family-run engineering firm in tiny town celebrates $32m contract win
The local engineering company secured a substantial agreement contributing millions of dollars, expected to support economic growth and infrastructure development within the surrou...
Read Full Article →Potential arrival of Russian-tainted fuel raises 'tricky' questions over sanctions
The docking of a tanker carrying fuel linked to Russian oil in Western Australia highlights vulnerabilities in current sanctions, potentially affecting trade regulations and financ...
Read Full Article →‘Do the right thing’: ASIC raises pressure on CBA over refund refusal
The corporate regulator’s increased scrutiny on the nation’s largest bank regarding disputed fees highlights potential financial liabilities and regulatory risks that could impact...
Read Full Article →Kaiser pulls $10M cash flow from Tassie gold venture for Q4
Kaiser Reef Ltd strengthened its financial position in the second quarter by generating over $10 million in net cash flow from its gold projects in Tasmania, increasing its total c...
Read Full Article →Aguia hits bonanza gold with first Colombian assay results
The initial assay results from Aguia's drilling campaign at the Santa Barbara project indicate high-grade gold and silver deposits, potentially enhancing the company’s resource val...
Read Full Article →US giant ExxonMobil gives up control of critical Australian gas supplies
The transfer of management rights from ExxonMobil to Woodside marks a significant shift in overseeing key gas resources that are essential to meeting Australia’s domestic energy de...
Read Full Article →Classes combined, teachers cancelled amid public schools' budget woes
Due to ongoing budget shortfalls, many public schools in the ACT are consolidating classes and reducing teaching staff as part of efforts to manage limited financial resources.
Read Full Article →Texan heavy hitter to bring 'American lens' to major NT gas supplier
The appointment of Scott Sheffield as a non-executive director introduces experienced leadership to the natural gas company, potentially enhancing investor confidence and influenci...
Read Full Article →CBA replaces dozens of call centre jobs with AI chatbot
The implementation of an AI chatbot by a major Australian company has led to the reduction of 45 positions in its customer support centres, reflecting cost-saving measures through...
Read Full Article →ASX set to fall, Wall Street drifts; $A slumps
The decline in Australian stocks and the U.S. market’s lack of direction reflect investor caution following the announcement of a moderate 15 percent tariff on European automotive...
Read Full Article →Accused fraudster raised $250m from investors, 'promised pot of gold'
Chris Marco is currently facing trial in Perth after allegedly securing $250 million from over 100 investors, with authorities claiming the funds were obtained through deceptive in...
Read Full Article →Taiwan to push back US stopover amid US–China trade talks, sources say
Taiwan’s decision to postpone the US visit may influence regional economic dynamics by affecting trade negotiations and investment flows amid heightened diplomatic interactions bet...
Read Full Article →Australia may no longer be Trump's least badly treated friend
Changes in the tariff policy could lead to increased financial burdens for Australia, potentially altering its previous status and impacting trade costs and economic relations with...
Read Full Article →Jewellery tycoon Michael Hill dies after taking leave for cancer treatment
The passing of the founder of a prominent jewellery brand may impact the company’s leadership and investor confidence, potentially influencing its financial performance and market...
Read Full Article →Live: Australia responds to Trump's latest tariff threat
Australia’s response to the potential increase in US tariffs highlights ongoing trade tensions that could impact bilateral economic relations and influence market stability between...
Read Full Article →Live: European markets fall on EU-US trade deal, ASX set to slide
Investors responded cautiously to the new trade agreement between the US and EU, leading to declines in European equities and anticipated downward pressure on the Australian stock...
Read Full Article →Trump suggests 10pc tariff imposed on Australia could double
An increase in the existing 10 percent tariff on Australian goods could lead to higher costs for exporters, potentially affecting trade volumes and economic relations between the t...
Read Full Article →Analysts say 'greed is good' is back as market euphoria surges
Experts indicate that rising enthusiasm for highly volatile internet-driven stocks is fueling a speculative environment in global markets, which could have important implications f...
Read Full Article →New CEO to guide ClearVue global solar glass commercialisation
The appointment of Douglas Hunt as CEO is expected to support ClearVue Technologies’ efforts to expand sales and drive advancements in sustainable solar glass products worldwide.
Read Full Article →Strategic CEO hire to drive NeuroScientific stem cell therapy release
The appointment of Nathan Smith as CEO is expected to enhance NeuroScientific Biopharmaceuticals' leadership and support the upcoming launch of their stem cell therapy, potentially...
Read Full Article →Great Southern fires up rig in hunt for monster Qld gold-copper riches
Great Southern Mining and Gold Fields Ltd have initiated drilling at their extensive Queensland site targeting significant mineral deposits, which could substantially enhance the c...
Read Full Article →Strickland hits 97.9% gold recovery in Serbian met tests
Strickland Metals' high gold recovery rates in metallurgical testing at the Gradina site suggest strong potential for cost-effective extraction and improved profitability in future...
Read Full Article →Love bombing hits the market in revenge of the DORKs
The resurgence of speculative investments in undervalued and overlooked US stocks is attracting significant attention, potentially impacting market volatility and investor behavior...
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