ASIC charges cryptocurrency lender
Melbourne-based cryptocurrency lender Helio Lending Pty Ltd has been charged with falsely claiming that it held an Australian credit licence (ACL) when it did not. Helio Lending offered cryptocurrency-backed loans to consumers, using the digital currency as security over the loan. ASIC alleges that around 20 February 2019, Helio Lending falsely represented on its website…
Clearer skies ahead as cruise ships return
MELBOURNE, AAP – While industries around the world have suffered during the pandemic, few have been hit harder than the cruise line sector which is celebrating its long-awaited return to Sydney harbour. On Monday, luxury cruise ship Pacific Explorer became the first to return to Australian shores since the COVID-19 pandemic brought the industry to…
Shanghai residents struggle under shutdown
SHANGHAI, DPA – Manufacturers including Tesla have begun preparing to reopen their Shanghai plants as China’s most populous city speeds up efforts to get back to normal after a nearly three-week COVID shutdown. The shutdown and measures to control the pandemic elsewhere in the country have hurt the economy and rattled global supply chains. Shanghai’s…
Rate rise hints sought in RBA minutes
CANBERRA, AAP – Economists will be scouring the minutes of the Reserve Bank board’s most recent meeting for hints on whether interest rates could rise soon. The minutes of the RBA board’s April monetary policy meeting will be released at 11.30am. NAB’s Tapas Strickland said the minutes would be scrutinised for any hints on whether…
Wall St ends low after topsy-turvy day
NEW YORK CITY, RAW – US stocks have closed down after flip-flopping throughout afternoon trading, as investors contrasted Bank of America’s positive earnings with surging bond yields ahead of further earnings cues this week. Market participants are bracing for a barrage of earnings that will help them assess the impact of the Ukraine war and…
Albanese ‘keeps it real’ on campaign trail
CANBERRA, AAP – Labor would continue an election campaign that “keeps it real” while the coalition rolls out its stage-managed events, a senior party figure says. Labor leader Anthony Albanese enters the second week of campaigning in Brisbane, having been criticised for a first week marred by a number of stumbles. A Resolve Strategic poll…
Musk tweets ‘Love Me Tender’
SAN FRANCISCO, RAW – Billionaire entrepreneur Elon Musk has posted a tweet saying “Love Me Tender”, days after he took aim at Twitter Inc with a $US43 billion ($A58 billion) cash takeover offer. After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board…
Months of negotiation over axed sub deal
CANBERRA, AAP – Negotiations with a French company following Australia pulling out of a submarine deal are likely to extend well into the next financial year, according to the defence minister. Peter Dutton on Monday conceded talks with Naval Group about compensation costs for scrapping the previous $90 billion submarine deal would continue for several…
Mineral strength pushes ASX higher at noon
SYDNEY, AAP – The Australian share market has moved higher midway through the session, underpinned by strong metal and mineral prices, after trading resumed following the Easter break. The benchmark S&P/ASX200 index rose 53.6 points to 7577 at noon on Tuesday, up 0.71 per cent from Thursday’s close, as oil prices and gold futures rallied….
New mines key to health, welfare: Joyce
CANBERRA, AAP – Deputy Prime Minister Barnaby Joyce says it is vital not to lose sight of how to pay for health and welfare as voters head to the polls on May 21. The incoming federal government will have a role in assessing at least three coal mines in Queensland. Renewable energy and phasing out…
