Finance News – Australia
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Live: Penny Wong heads to the US as tariff deadline looms
Foreign Minister Penny Wong's visit to Washington ahead of the tariff deadline highlights ongoing efforts to address trade tensions that could impact economic relations and market...
Read Full Article →Live: Wall Street rallies to new record as fears recede
US equity markets reached unprecedented levels due to increased investor confidence and risk appetite, reflecting optimistic economic outlooks, while Australian shares are expected...
Read Full Article →Clubs accused of 'whitewashing' pokies revenue through benefit scheme
Some Northern Territory clubs appear to be minimizing their financial contributions to community programs by underreporting earnings from slot machines intended to support local in...
Read Full Article →‘He has destroyed my life’: Emma’s nightmare in the heart of the Terzini empire
Emma Addams claims that the end of her marriage to Maurice Terzini has resulted in significant financial loss, preventing her from pursuing their shared goal of expanding the Bondi...
Read Full Article →Mystery $50 billion Chinese medical fortune collapses in days
A little-known Chinese medical firm with minimal profits experienced an unprecedented surge in stock value, resulting in a financial impact estimated at around $50 billion before r...
Read Full Article →In a world of conflict, the spoils are rich from gold and guns
In times of geopolitical tension and economic uncertainty, investments in defense companies and precious metals often gain substantial value due to increased demand and market vola...
Read Full Article →Cassy’s teary farewell to passengers went viral. Now her airline is back in the game
The airline's recent recovery has attracted significant investor interest, resulting in a notable increase in its stock value despite ongoing political challenges and market uncert...
Read Full Article →ASX Runners of the Week: Ovanti, Olympio, Codeifai and Sunrise
Ovanti Ltd's recent appointment of an experienced leader in buy now, pay later services is expected to positively influence its growth and market position in the United States.
Read Full Article →US and China confirm trade deal framework
The agreement between the US and China outlines new trade regulations that could impact export controls and economic policies, potentially influencing market stability and bilatera...
Read Full Article →Big Aurum drilling program aims to extend West African gold
Aurum Resources’ extensive drilling initiative is designed to potentially increase the resource size at its Napié gold project, which could enhance the company’s overall valuation...
Read Full Article →Larvotto gets green light to restart NSW Hillgrove gold-antimony mine
Approval to resume operations at the NSW Hillgrove site enables Larvotto Resources to engage in concluding financial negotiations, potentially leading to production commencement wi...
Read Full Article →Whitebark pins down well costs for giant SA hydrogen-helium hunt
Whitebark Energy has estimated drilling expenses of approximately $7.7 million for its extensive Rickerscote prospect, focusing on the exploration of hydrogen, helium, and natural...
Read Full Article →New dawn for NeuroScientific with stem cell acquisition
NeuroScientific Biopharmaceuticals has expanded its portfolio by acquiring Perth’s Isopogen for $5.1 million, signaling a strategic move into the emerging stem cell therapy sector.
Read Full Article →Fast-food boss faces million-dollar tax battle
Melbourne entrepreneur Hash Tayeh is involved in a legal dispute with tax authorities concerning over one million dollars in alleged unpaid taxes associated with multiple businesse...
Read Full Article →These men allegedly kidnapped and tortured their friend. It may have been all for crypto
The case highlights the growing risks associated with digital assets, as potential financial disputes involving cryptocurrencies can lead to severe criminal activities and increase...
Read Full Article →ASX to open higher as Wall Street rallies to brink of a record
Australian stock prices are expected to increase following gains in the US market, reflecting investor confidence despite ongoing geopolitical uncertainties affecting global financ...
Read Full Article →Up-market hotels take luxury living to a high-rise level
Accor’s decision to brand a Burleigh Heads apartment building with its luxury Mondrian label reflects a strategic move to expand its presence in the upscale accommodation market, p...
Read Full Article →91 millionaires paid no tax, ATO data reveals
In 2022-23, 91 Australians with incomes exceeding one million dollars did not contribute any tax, highlighting notable tax outcomes among the country’s wealthiest residents, partic...
Read Full Article →Breeder pleads not guilty to selling dead, non-existent cattle
The accused faces multiple fraud charges related to alleged transactions involving cattle that were either deceased or never existed, potentially impacting financial records and in...
Read Full Article →CommBank unleashes ‘bot army’ with Aussie accents to trap scammers
Commonwealth Bank is deploying numerous automated systems using Australian-accented synthetic voices to engage fraudsters, aiming to reduce scam effectiveness by occupying their ti...
Read Full Article →Live: ASX to rise as Wall St nears records, US 'revenge tax' dropped
The Australian stock market is expected to advance alongside gains in the US, supported by the removal of a proposed tax measure that had raised concerns among investors.
Read Full Article →Curly problem revealed as $105m social housing purchase upsets neighbours
The recent $105 million acquisition of an East Perth apartment complex highlights the financial commitment required to address housing shortages while navigating community concerns...
Read Full Article →Climate-friendly gas claims challenged in landmark ACCC greenwash case
The outcome of this case may impact advertising regulations and influence consumer spending on household energy, potentially affecting the financial performance of gas companies an...
Read Full Article →Traditional Owners give thumbs up to Beetaloo NT gas sale
The approval from Traditional Owners represents an important step for Beetaloo Energy’s Carpentaria project, potentially enhancing economic opportunities and strengthening collabor...
Read Full Article →Beware the doom loop: New bank rules raise debt fears
The proposed easing of capital standards for banks aims to increase government bond purchases, potentially boosting funding for large fiscal plans while raising concerns about incr...
Read Full Article →'Back to the drawing board': ACT Greens won't support budget's health levy
The rejection of the proposed $250 health levy by the ACT Greens raises uncertainty about the budget’s revenue targets and may necessitate adjustments to funding allocations in hea...
Read Full Article →Politician whose career began with streetlights says ACT budget fails on local issues
The opposition leader claims that recent government spending has increased the territory’s budget shortfall and negatively impacted funding for local public services and infrastruc...
Read Full Article →AGN accused of running dodgy 'Love Gas' ads that deceived viewers
The controversy surrounding Australian Gas Networks' recent advertising campaign has raised concerns about potential impacts on the company's reputation and financial performance i...
Read Full Article →ASX set to slide, Wall Street treads water; BP-Shell merger rumours
Global stock markets exhibited cautious stability, reflecting investor optimism that escalating conflicts will not significantly impact oil supply, thereby influencing energy secto...
Read Full Article →'Don't cheapen Western Sydney': Advocacy groups slam Metro stations budget
Advocacy groups warn that allocating substantially lower funds per Metro West station compared to central Sydney could impact the quality and long-term value of infrastructure in W...
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