Finance News – Australia
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Report uncovers alleged misuse of public money allotted to vulnerable kids
An investigation has raised concerns about potential mismanagement of government resources intended to support disadvantaged children, highlighting the impact on funding distributi...
Read Full Article →As ASX and property prices boom, investors bet on central bank backup
Rising stock and real estate values, supported by central bank assurances, influence investor behavior by potentially altering traditional risk assessments and encouraging increase...
Read Full Article →Auditors question future of prominent mental health charity
The recent report revealing a nearly $2 million equity shortfall has prompted auditors to express concerns about the financial stability and ongoing operations of a major mental he...
Read Full Article →New laws won't ease house prices in south-east Queensland, experts say
Despite recent interest rate reductions and legislative changes, specialists anticipate that property values in south-east Queensland will remain largely unaffected in the near fut...
Read Full Article →Runners of the Week: OD6 Metals, Mount Ridley Mines, ActivePort & ETM
OD6 Metals’ announcement of a cost-effective product from its large Splinter Rock rare earth project in Western Australia is expected to positively influence its market valuation a...
Read Full Article →Advance extends high-grade silver, gold in Mexico
Advance Metals’ recent drilling at the Yoquivo project in Mexico has revealed substantial precious metal concentrations, potentially enhancing the project's overall resource value...
Read Full Article →ASX set to inch up, Wall Street flat after inflation update; $A weaker
Following a higher-than-anticipated rise in US wholesale inflation, stock markets showed mixed reactions, with Australian shares expected to experience slight gains while broader U...
Read Full Article →SA's pokie losses surpass $1bn for first time
Annual expenditures on slot machines in South Australia have exceeded $1 billion, highlighting growing financial concerns related to gambling habits within the community.
Read Full Article →LA Olympics organisers reveal they will break long-standing sponsor rule
The decision to permit sponsor branding on Olympic venues for the 2028 Los Angeles Games is expected to generate increased revenue streams and enhance overall financial support for...
Read Full Article →Live: US Fed rate-cut expectations trimmed, ASX to open flat
Anticipation of further interest rate increases by the Reserve Bank may influence market sentiment, potentially limiting gains on the Australian stock exchange amid cautious invest...
Read Full Article →The $2.6 trillion monopoly failing Australian investors
The dominant position of ASX Ltd, valued at $12 billion, limits competition in the Australian share market, potentially restricting investment options and affecting the overall fin...
Read Full Article →Alan Joyce left Qantas two years ago. Now he’s defending his record
Alan Joyce highlights the challenging choices he made as CEO to stabilize Qantas financially, emphasizing that these measures were necessary to prepare the company for impending ec...
Read Full Article →Telstra shares fall after mobile miss
Telstra's financial performance was impacted as the company undertook significant cost reductions and divested most of its cloud division to an Indian technology firm, influencing...
Read Full Article →ASX hits record high as Origin, Westpac soars; Telstra slumps
The Australian stock market reached an unprecedented peak today, driven by strong performances in energy and banking sectors, while some major financial institutions experienced de...
Read Full Article →Home turned into 'place of torture' by gold mine, court hears
The ongoing disturbances caused by the large-scale gold mining operations near the couple's Axedale residence have raised concerns about potential impacts on property values and lo...
Read Full Article →This 39-year-old just became a billionaire after stunning Wall Street debut
Brendan Blumer's rapid accumulation of wealth highlights the growing economic impact of digital asset markets and cryptocurrency-related ventures in the evolving technology and ent...
Read Full Article →'No definitive evidence of health impacts' in report on mine emissions
An 18-month investigation by NSW Health concluded that exposure to emissions from a major gold mine does not show clear financial implications for the surrounding community’s well-...
Read Full Article →Perth council rejects Alcoa bauxite drilling over water, forest concerns
The proposed expansion of mining operations near Perth by a major aluminium company could significantly increase greenhouse gas emissions, raising concerns about environmental impa...
Read Full Article →ASX declines as CBA and AGL shares slump; Miners, Tyro advance
The Australian stock market fell as major financial and energy companies experienced notable losses, while mining and financial technology sectors saw gains, reflecting mixed inves...
Read Full Article →CBA market value takes $15 billion hit despite record profits
Despite achieving record profits, the recent decline in CBA's share price led to a substantial reduction in its overall market capitalization, prompting concern among investors and...
Read Full Article →Australia’s top polluter bets on batteries as fossil fuel costs climb
A leading Australian energy provider is increasing its spending on large-scale battery storage to manage rising expenses associated with traditional coal and gas power generation.
Read Full Article →China is playing the long game to win its war with Trump
China’s patient approach to ongoing trade tensions with the United States highlights the potential for prolonged economic impacts and strategic shifts affecting global markets and...
Read Full Article →‘Focus on being a DJ’: Trump mocks Goldman Sachs chief after warning
David Solomon’s caution about potential economic risks from tariff policies highlights concerns in financial markets about the impact of trade decisions on growth and investor conf...
Read Full Article →‘What I did was wrong’: 33-year-old crypto mogul pleads guilty over $61 billion collapse
The downfall of a major cryptocurrency project contributed to widespread financial losses and regulatory scrutiny, highlighting vulnerabilities within the digital asset market valu...
Read Full Article →Rio Tinto takes hit as Trump trade war casts cloud over miners
A decline in Chinese steel demand combined with ongoing trade tensions has contributed to a notable reduction in earnings for Australia’s leading iron ore producer, marking its wea...
Read Full Article →Westpac boss sees case for rate cuts after fall in inflation
The head of Australia’s second-largest bank notes an improvement in loan repayment rates and anticipates potential reductions in interest rates due to recent economic changes.
Read Full Article →ATO reviews decision to dump Keating tax bill
The Australian Taxation Office is reassessing its choice to waive over $950,000 in additional charges linked to a tax obligation of an investment firm associated with Paul Keating.
Read Full Article →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...
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