Finance News – Australia
What is your interest today?
Six new AusPost distribution sites announced for regional NSW
The addition of multiple distribution centers in regional NSW aims to enhance logistics efficiency and accommodate increasing e-commerce activity, potentially boosting local econom...
Read Full Article →Only two ship anchors prevented 'catastrophic' oil spill, report finds
The presence of just two anchors on the bulk carrier likely averted extensive environmental damage, potentially saving millions in cleanup costs and legal liabilities associated wi...
Read Full Article →ASX to dip as markets react to surprise US credit downgrade
The anticipated decline in the Australian stock market reflects global investor concerns following the unexpected reduction of the United States' sovereign credit rating by a major...
Read Full Article →Trump tariffs, ore price cited as Tasmanian smelter announces 'limited operations'
The decision to reduce smelter activity in northern Tasmania reflects economic challenges stemming from restricted raw material availability and increased costs linked to internati...
Read Full Article →Closed recruitment of ex-gas boss to 'extraordinary' public job criticised
The appointment of a former gas industry leader to a well-compensated public role with significant authority has raised concerns about transparency and potential financial implicat...
Read Full Article →Cost blowout for AFL high-performance centre with Tasmania to pay $45m more
The Tasmanian government faces a significant budget increase as expenses for constructing the new AFL training facility for the Tasmania Devils have risen by $45 million beyond ini...
Read Full Article →Live: ASX set to slip after US credit downgrade
The downgrade of the US credit rating by Moody's may prompt cautious investor behavior, potentially leading to a decline in the ASX as market participants reassess economic risks.
Read Full Article →Telstra claimed to cover 99.7pc of the population. Now, its website's changed
Vodafone alleges that Telstra’s previously reported population coverage figures may have been inaccurate, potentially affecting consumer decisions and impacting fair competition wi...
Read Full Article →The world does not owe Trump’s America a living
Donald Trump’s aggressive economic policies are placing substantial pressure on international markets, potentially disrupting trade relationships and causing financial uncertainty...
Read Full Article →The $23 billion question: Can our banks sustain their rivers of gold?
Investors value the steady income from bank dividends, yet analysts warn that sustaining these payouts may become increasingly difficult as financial pressures mount within the ind...
Read Full Article →Steph separated from her ex years ago. Then she got a $35,000 bill
Recent notices demanding tens of thousands of dollars from residents have raised concerns about the current stamp duty concession framework, prompting calls for legislative review...
Read Full Article →Victorian councils 'deeply reluctant' to enforce controversial levy
Several local governments in Victoria are concerned that widespread non-payment of the emergency services charge could lead to decreased funding for essential public services and b...
Read Full Article →'We're talking millions of dollars': Roberts-Smith facing huge costs bill
The legal team representing Roberts-Smith is expected to incur substantial expenses as they thoroughly review the detailed grounds outlined in the recent appeal dismissal over the...
Read Full Article →Historic saleyard operating at a loss faces closure
The potential shutdown of the long-standing livestock market highlights concerns over its substantial operational expenses, which may result in significant financial burdens for lo...
Read Full Article →TMK de-risks, pivots from WA to focus on Mongolian coal seam gas
TMK Energy's decision to sell its stake in the Western Australia offshore project for a deferred $1 million reduces exposure to that area while reallocating resources toward coal s...
Read Full Article →Larvotto adds tungsten to NSW gold, antimony play
The identification of tungsten within Larvotto Resources' Hillgrove project in NSW may enhance the overall economic potential by introducing an additional commodity for revenue gen...
Read Full Article →Ozempic-maker Novo Nordisk ousts CEO after shares plummet
Novo Nordisk's decision to replace its CEO follows a significant decline in the company’s stock value, underscoring the financial impact of recent market challenges on the pharmace...
Read Full Article →‘Conflict of interest’ claim over new double ministry of sport, communication
Combining the sport and communications departments under a single minister may impact regulatory decisions, potentially slowing efforts to restrict gambling advertisements targeted...
Read Full Article →Empire bolsters Beetaloo NT gas ambitions with $28M raise
Empire Energy’s recent capital injection of $28 million is intended to advance development efforts for its innovative gas pilot initiative within the extensive Beetaloo Basin regio...
Read Full Article →Operation Elon: The Aussie who made $820m selling her Tesla shares
An Australian investor generated substantial profit by strategically divesting a significant portion of Tesla stock amid the company’s turbulent public controversies and leadership...
Read Full Article →ASX set to jump, Wall Street drifts higher; Foot Locker sold in $3.8b deal
The Australian stock market is expected to experience significant gains while U.S. shares show modest increases amid ongoing uncertainty surrounding trade tensions and their impact...
Read Full Article →Desperate farmers scramble for hay as drought bites
Rising demand for hay amid dry conditions has led to notable price increases in Australia, reflecting significant financial strain on farmers who are purchasing more supplies than...
Read Full Article →Is the Great White Shark’s designer golf course a ‘hole in one’ for investors?
The sale of a golf course developed by renowned designers in regional New South Wales presents a potentially valuable opportunity for investors seeking to capitalize on a unique le...
Read Full Article →Former owners of Toff in Town, Revolver on Chapel and King Street’s Inflation sell CBD home-office f...
The recent sale of a central business district property for $4.55 million highlights notable activity in the local real estate market involving well-known hospitality entrepreneurs...
Read Full Article →Live: Rate cuts forecast for both Australia and US
The potential reduction in interest rates by central banks in Australia and the US could influence borrowing costs and economic activity, affecting financial markets and investment...
Read Full Article →Final payday for Auric at Jeffreys Find gold mine in WA
Auric Mining is set to receive approximately $4.5 million from the recent toll treatment operations at its Jeffreys Find site in Western Australia, marking a key financial mileston...
Read Full Article →Marmota unveils bonanza gold at newest Gawler project
Marmota Ltd's recent exploration results at the Gawler project reveal significant high-grade gold near the surface, potentially enhancing the asset's value and attracting investor...
Read Full Article →Why $1 million is far from an all-access pass to the housing market
The increase in properties priced over $1 million from under 10 percent to more than 34 percent in ten years highlights growing affordability challenges within the housing market.
Read Full Article →Trump says India has offered 'no tariffs' on US goods in trade negotiations
The announcement highlights potential changes in trade dynamics between the two countries, which could impact export revenues and influence investment decisions within the technolo...
Read Full Article →Trump and the oil cartel are on a collision course
A growing conflict involving Trump and major oil producers could impact important revenue streams and influence broader economic policies connected to his financial agenda.
Read Full Article →