Finance News – Australia
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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...
Read Full Article →'Shocking mismanagement' puts outback council merger on the agenda
The local government minister suggests that combining the Shire of Coolgardie with Kalgoorlie-Boulder could address ongoing fiscal challenges and improve financial stability in the...
Read Full Article →Port Pirie, Hobart smelters 'cannot be viable' without government help
The owner of the Port Pirie and Hobart smelters indicates that continued operation relies heavily on financial assistance from the government due to competitive pressures affecting...
Read Full Article →NSW opposition leader pledges AI rollout as part of budget response
The proposed financial plan includes affordable loan options aimed at supporting small and medium enterprises in adopting advanced technology to enhance their business processes re...
Read Full Article →The golden unicorn of homes that could solve the housing crisis
Large residential units are increasingly in demand, and experts suggest that developing more of these spacious apartments could play a crucial role in addressing the challenges wit...
Read Full Article →Live: Nvidia hits record high, oil prices gain
Nvidia's strong performance contributed to gains in technology stocks, while increasing oil prices ended a brief decline, influencing market sentiment amid a varied trading day on...
Read Full Article →Dateline boss throws $1M cash at US gold-rare earths play
The managing director of Dateline Resources invested an additional $1 million by exercising options, reinforcing his commitment to the firm’s mineral exploration activities focused...
Read Full Article →Aldi drops its own price bomb in supermarkets’ targeted price attacks
Aldi’s strategic price reductions aim to attract high-volume shoppers, reflecting broader retail efforts to balance customer affordability with competitive positioning in a challen...
Read Full Article →Iftekhar's waited 922 days for surgery. He's 'gobsmacked' by a new health levy
The introduction of the ACT government's health levy has sparked concern among residents facing extended surgery delays, highlighting potential financial challenges for individuals...
Read Full Article →ASX set to rise, Wall Street rallies; Oil prices lower
US equity markets are approaching record levels amid optimism about Middle East tensions easing, while declining crude prices reflect concerns over potential disruptions in interna...
Read Full Article →Key NSW apartment plan only tackles 'one small part of the problem'
The recent NSW budget initiative aims to encourage apartment development but is expected to have a limited impact on addressing the overall housing shortage in the state.
Read Full Article →'Judas goat': Qld deputy premier slams Labor MPs skipping parliament
The absence of five Queensland Labor MPs during the budget sitting could impact financial discussions and decision-making processes within the parliamentary session.
Read Full Article →Widow scammed out of 'life savings' caught up in crypto ATM sting
The incident involving numerous individuals highlights substantial monetary losses linked to fraudulent schemes conducted through cryptocurrency ATMs, affecting both alleged perpet...
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