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Rajiv Jain, founder and chief investment officer of GQG Partners, during an interview in New York, US, on Tuesday, April 4, 2023. Shares of Australia-listed GQG Partners plunged as much as 25% on Thursday and were set to post their worst day on record, after Adani Group Chair Gautam Adani was charged with fraud in New York. Shares of Adani Group companies also nosedived, as Indian stock markets opened for trade. GQG is Adani Enterprises' fourth-largest shareholder, owning about 3.94% of the firm, according to LSEG data. Hindenburg had charged Adani Group of "brazen stock manipulation and accounting fraud scheme over the course of decades," sending shares plunging by more than 54% in the first quarter of 2023.
Persons: Rajiv Jain, Gautam Adani, GQG, Adani, Hindenburg Organizations: GQG Partners, Adani Group, BSE, Adani Enterprises, CNBC, Adani, Hindenburg Locations: New York, New
CNBC asked Intrepid Travel and ChatGPT to put together a two-day itinerary to Melbourne City, AustraliaAsia-Pacific markets are set to open higher on Tuesday, tracking Wall Street gains buoyed by a Tesla rally, and as traders wait to watch key Chinese financial policymakers speak at an investment summit in Hong Kong. Futures for Australia's S&P/ASX 200 stood at 8,327, slightly higher than the index's last close of 8,300.2. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 38,275 and its counterpart in Osaka at 38,310 compared to the previous close of 38,220.85. Hong Kong's Hang Seng index futures were at 19,766, higher than the HSI's last close of 19,576.61. The Reserve Bank of Australia will publish the minutes from its monetary policy meeting earlier this month, where it held its benchmark interest rate for the eighth meeting in a row at 4.35%.
Organizations: CNBC, Intrepid Travel, Futures, Australia's, Japan's Nikkei, Reserve Bank of Australia Locations: Melbourne City, Australia Asia, Pacific, Hong Kong, Chicago, Osaka
“I think Bobby Kennedy’s views on vaccines are dangerous, but I don’t think that most Americans share them,” she said in remarks previously reported by The New York Times. Kennedy told NBC News a day after the election that he would not take away people’s vaccines. Kennedy has also indicated that the Trump administration would ban fluoride in drinking water and eliminate ultra-processed foods. Trump last week announced that he intends to nominate Kennedy for the Cabinet post. “They’ve been catching, you know, making waves, headlines.”“Let’s just calm down and wait to see what happens,” she added.
Persons: Caroline Kennedy, bashed, Robert F, Kennedy Jr, Donald Trump’s, Bobby Kennedy’s, , Robert Kennedy, , ” “, Bobby Kennedy, Kennedy, Trump, Tulsi Gabbard’s, elect's, Trump’s, “ They’ve Organizations: National Press Club of Australia, Department of Health, Human Services, The New York Times, NBC, Trump, of Health, Centers for Disease Control, Food and Drug Administration, National Institutes of Health, Centers, Medicare, Services, NBC News, FDA Locations: U.S, Australia, America
Australia’s Senate on Monday censured an Indigenous woman parliamentarian over her protest against King Charles during his visit to the parliament last month when she accused the British monarch of genocide. Thorpe’s protest was disruptive and she did not respect the democratic institutions, the motion said. “I’ll do it again, and I’ll do it every time,” Thorpe shouted in parliament when Simon Birmingham, the opposition leader in the Senate, was making his comments on the motion. She was told to recite the affirmation — a form of parliamentary oath that omits a reference to God — as written. Their ancestors arrived on the continent some 50,000 years before British colonists yet were marginalized during colonial rule and are not mentioned in Australia’s 123-year-old constitution.
Persons: King Charles, Lidia Thorpe, Charles ’, , , ” Thorpe, Simon Birmingham, Thorpe, Queen Elizabeth II, Organizations: Independent, Labor, Senate Locations: Australia’s, British, Australia
Caroline Kennedy, US ambassador to Australia, speaks during the AFR Business Summit in Sydney, Australia, on Tuesday, March 7, 2023. Robert F. Kennedy Jr.'s views on vaccines are "dangerous" and rejected by his family, U.S. Ambassador to Australia Caroline Kennedy said of her cousin, whom President-elect Donald Trump has picked to lead the Department of Health and Human Services. Caroline Kennedy offered the remarks as she prepared to leave her post, making way for the incoming Trump administration. Caroline Kennedy, 66, is the only surviving child of former Democratic President John F. Kennedy and first lady Jacqueline Kennedy Onassis.
Persons: Caroline Kennedy, Robert F, Kennedy Jr, Australia Caroline Kennedy, Donald Trump, I'm, Bobby Kennedy's, Trump, John F, Kennedy, Jacqueline Kennedy Onassis Organizations: Summit, Ambassador, Department of Health, Human Services, National Press Club of Australia, RFK Jr, Democratic Locations: US, Australia, Sydney, U.S
Known as the “dancing mouse” due to its slippery movements in that final, fatal fight with the Imperial Japanese Navy, the destroyer USS Edsall went down off the coast of Australia in 1942, under the command of Lt. Joshua Nix. Speaking alongside Kennedy, Australia’s chief of navy, Vice Adm. Mark Hammond, said the wreck was found with the help of advanced hydrographic survey capabilities aboard naval support ship MV Stoker. “Nix’s position was hopeless from the moment Edsall was sighted,” Cox wrote. At least one hit Edsall, and the ship began to lose its ability to maneuver. The discovery highlighted the current AUKUS partnership, between the US, Australia and the United Kingdom, she said.
Persons: Edsall, Joshua Nix, “ Joshua Nix, Australia Caroline Kennedy, Kennedy, Australia’s, Mark Hammond, Stoker, Hammond, Chuichi Nagumo, , Samuel Cox, EDSALL, – Edsall, ” Cox, Nix, Cox, , ‘ Don’t, Don’t, Lisa Franchetti, Trent Hone, Edsall’s, Franchetti, ” Franchetti Organizations: Hong Kong CNN, US Navy, Pacific, Imperial Japanese Navy, Heritage Command, U.S . Navy, U.S . Army Air Force, US Locations: Hong Kong, Australia, Christmas, , Japan, Sulawesi, Indonesia, United Kingdom
Dollar eyes weekly gain on slower Fed easing, inflation outlook
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: +4 min
The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. Sterling traded 0.02% lower at $1.2666 and was similarly set to lose 2% for the week, its worst weekly fall since January 2023. Higher trade tariffs and tighter immigration under President-elect Trump's incoming administration are projected to fuel inflation, potentially slowing the Fed's easing cycle longer term. The yen was last 0.2% lower at 156.57 per dollar, on track for a weekly decline of 2.5%. Elsewhere, the Australian dollar eased 0.06% to $0.6450 and was set to lose just over 2% for the week, its worst weekly performance in four months.
Persons: Donald Trump's, Sterling, Jerome Powell, Carol Kong, CBA's, bitcoin, Joshua Chu Organizations: Traders, Commonwealth Bank of Australia, U.S ., Treasury, New Zealand, Hong Kong Web3 Association Locations: U.S, CBA's Kong
Nearly 63% of the US population has fluoridated water flowing through their taps, according to the Centers for Disease Control and Prevention (CDC). Hawaii is the only US state without any fluoride in municipal taps; fluoridated water is only available there on military bases. As such, fluoridated water is now mandated on any military base with more than 3,300 people. Rumors have circulated that drinking fluoridated water can lead to bone cancer (osteosarcoma), but long-term studies from both the UK and US haven't found any credible evidence of higher rates in areas where people drink fluoridated water. Their review concluded that some studies of fluoride consumption have found links between higher fluoride water levels and lower IQs in kids.
Persons: Trump, he'll, , Robert F, Kennedy Jr, Donald Trump's, Biden, Kennedy, He's, Mark Ralston, Leonard Ortiz, Nina Simone, Michael Ochs, Matthias Balk, Anthony Kim, Frank Albert Charles Burke, Obama, Ashley Malin, Malin, Oliva Organizations: RFK Jr, Service, Centers for Disease Control, Prevention, Getty, MediaNews, Orange, NBC, Environmental Protection Agency, Michael Ochs Archives, US Public Health Service, Waimanalo Health Clinic, Honolulu Civil, Calgary, US Department of Defense, Fairfax Media, National Toxicology, University of Florida, Denver, EPA Locations: New York, California, Colorado, Zhijin county, China, AFP, Midwest, Colorado Springs , Colorado, Oakley , Idaho, Arkansas, Grand Rapids , Michigan, , New Mexico, Hawaii, Honolulu, Canada, Alberta, Australia, United States, India, Iran, Pakistan, Mexico, Grand Rapids
Two major countries’ approach to climate change has turned upside down Down Under. Critics argue that both countries are falling short as they head to this year’s United Nations Climate Change Conference, or COP29, which starts Monday in Azerbaijan. “Standing shoulder to shoulder with Pacific Island nations seems not to mean doing anything Pacific Island leaders have asked,” Hemming said. Albanese’s office and the office of his minister for climate change and energy, Chris Bowen, did not respond to requests for comment. Australia came in for special criticism last month at the Commonwealth Heads of Government Meeting in the Pacific Island nation of Samoa.
Persons: , Anthony Albanese, Christopher Luxon, Jacinda Ardern, Luxon, , Antonio Guterres, Manaui Faulalo, “ We’re, Ralph Sims, ” Sarah Clement, Albanese, Penny Wong, Polly Hemming, ” Hemming, Chris Bowen, Wong Organizations: United Nations, Labor, Conservative, Radio, Getty, Organization for Economic Cooperation, Development, Massey University, Change, Australian National University, Australia Institute, Commonwealth Locations: Australia, New Zealand, South Pacific, Asia, Pacific, Palau, Tuvalu, Kiribati, Anthony Albanese . New Zealand, Samoa’s, AFP, Azerbaijan, Samoa, Vanuatu, Fiji, Canada, Britain
The most financially successful event to date was the first-ever Grand Prix in Las Vegas, which generated close to $1.5 billion in economic value, according to local officials. But communities had been feeling F1's local impact even before it broke into the United States. The Australian Grand Prix's economic impact came in around 266 million Australian dollars ($180 million) in 2023, according to EY. "We think it provides enormous economic impact to the state of Victoria and to Melburnians," he added. From Melbourne and Monaco to Abu Dhabi and Silverstone, learn more about F1's local impact by watching the video above.
Persons: Stuart Pringle, Pringle, CNBC's, Travis Auld Organizations: Silverstone Circuit, Formula, Grand Prix Corporation, Silverstone Locations: Las Vegas, United States, Britain, British, Melbourne, Australia, Victoria, Monaco, Abu Dhabi
LONDON — Princess Kate will attend Remembrance Day events in London over the weekend, Buckingham Palace has said, but Queen Camilla will miss the occasion after falling ill with a chest infection. Queen Camilla and Catherine, Princess of Wales, depart Buckingham Palace in a horse drawn carriage in 2023. Will WarrKing Charles, who is still receiving cancer treatment, has also returned to public duties since his diagnosis in February. Queen Camilla, King Charles III, Prince William and Princess Kate at Buckingham Palace in London in 2023. Buckingham Palace said the king did not have prostate cancer.
Persons: Kate, Queen Camilla, Catherine , Princess of, Max Mumby, Wales, Will Warr King Charles, Camilla ., King Charles III , Prince William, Princess Kate, Chris Jackson, Camilla, Buckingham, ” Camilla's, Prince William, It’s, ” William, Charles Organizations: Royal Albert Hall, NBC News ’, Sky News Locations: London, Catherine , Princess of Wales, Buckingham, Scotland, Cape Town , South Africa
AdvertisementThe closure of a Kmart store in Bridgehampton, New York, in October marked the end of an era for the iconic chain. Now, just one Kmart store remains in the mainland US, tucked away inside an At Home store in southwest Miami. "We see this in things such as Kmart hacks," where creators showcase how they use Kmart products in novel ways to help in their everyday lives, Lloyd-Wallis said. A race to the bottomSo far, Kmart Australia has weathered the e-commerce storm, in part thanks to the geographical challenges companies like Amazon face in Australia. It seems, then, that Kmart Australia could find itself in a price race to the bottom.
Persons: , Gary Mortimer, Mortimer, They've, Ian Bailey, it's, Bailey, we've, Anastasia Lloyd, Wallis, news.com.au, Roy Morgan, Laura Demasi, Roy Morgan's Organizations: Kmart, Service, Walmart, Target, Kmart Group, Queensland University of Technology, National Retail Federation, Kmart Australia, Getty, Retail Doctor Group, Lloyd, Amazon Australia Locations: Australia, Bridgehampton , New York, Miami, Australian, Melbourne, New Zealand, Target Australia, Canada, Singapore, Philippines, Sydney, Kmart Australia
“But Bobbi didn’t.”At the end of the 10-day cruise, Tam disembarked thinking how Bobbi was very different from their ex-husband. Tam & Bobbi WatermanAlmost 1,000 miles apart, Tam and Bobbi stayed in touch via instant messages and social media updates. Tam & Bobbi WatermanAs Bobbi started living authentically in 2023, she and Tam also started preparing for the trip of a lifetime. So when they learned about Royal Caribbean’s Ultimate World Cruise, a nine-month long world cruise setting sail in December 2023, the couple jumped at the chance. “That was the hardest thing on the world cruise, because my passport was my old name and my old gender.
Persons: Bobbi Waterman, Bobbi, Bobbi didn’t, didn’t, Tam Asbury, Tam, ” Bobbi, , ” Tam, “ I’d, , they’d, , I’d, Tam couldn’t, Bobbi hadn’t, ’ ”, “ Bobbi, Tam didn’t, We’ve, They’ve, who’d, “ Tam, ’ Tam, , she’d, Tam’s, Bobbi’s, ” Tam’s, Tam Waterman, Bobby, ‘ You’re, ’ I’d, Bobbi Waterman Bobbi, NASA —, ’ ” Bobbi, She’d, “ I’ve, stepgranddaughters, she’s, You’ve, Bobbi Waterman “, you’ve, nothing’s, Tam marveled, ” They’re, there’s, ” “ Organizations: CNN, CNN Travel, NASA, , Skype, Amsterdam’s, Royal, Melbourne Airport, New Zealand, eBay, YouTube, Mount Fuji Locations: Fiji, American, Florida, Australia, Pacific, Melbourne, , Amsterdam, Netherlands, Budapest, Hungary, Paris, Europe, London, Northern, Bobbi, Sydney, Perth, New, Connecticut, Alaska, Bobbi’s, Boulder , Colorado, Hawaii, America, Tam of Florida, Bobbi’s Florida, Mexico, Tam, Japan, Antarctica, Brisbane, Hong Kong, Vietnam, Grenada, Spain, Portugal
Australian airports hit by outage at immigration counters
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: 1 min
A technical outage crippled all of Australia's major airports on Friday, leading to long queues at international terminals after the disruption of automated kiosks for identity and facial recognition, authorities said. In a statement the Australian Border Force (ABF) said immigration staff were added to manually process travelers, adding, "The issue is currently being rectified and systems are slowly returning online."
Organizations: Australian Border Force
Australia's central bank keeps rates unchanged at 4.35%
  + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
Australia's central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. The central bank expects that the headline rate will increase as these measures expire. The RBA instead pointed at the underlying inflation rate in Australia. The "trimmed mean" came in at 3.5% in the the September quarter, which was still "some way" from the 2.5% midpoint of the inflation target. Externally, the bank added that "heightened geopolitical risks and potential changes to trade and fiscal policies abroad add to this uncertainty."
Organizations: Reuters, Reserve Bank of Australia Locations: Australia
Asia-Pacific markets are set to trade mixed on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week. Hong Kong's Hang Seng index futures were at 20,658, slightly higher than the HSI's last close of 20,567.52. Australia's S&P/ASX 200 slid 0.32% as traders keep an eye on the upcoming central bank rate decision. Analysts at HSBC and the Commonwealth Bank of Australia expect the Reserve Bank of Australia to leave the cash rate unchanged. South Korea's consumer inflation in October rose 1.3% from a year ago, slightly cooler than Reuters' expectations of 1.4%.
Persons: Australia's Organizations: U.S, Federal Reserve, Nikkei, HSBC, Commonwealth Bank of Australia, Bank of Australia Locations: Asia, Pacific, Chicago, Osaka
Helping fund that growth has been growing demand for retirement products, said CEO Marc Rowan. Here's Rowan's case for why your nest egg is the next frontier for the alternative asset manager. Helping to fund those loans is Apollo's retirement business, which Apollo CEO and cofounder Marc Rowan sees as the investment firm's "single biggest opportunity" for future growth. A slide from Apollo's earnings presentation that highlights inflows into Apollo's lines of business. Advertisement"I do envision a day when we will be talking about 60-40 portfolios that are comprised of public and private," Rowan said.
Persons: Marc Rowan, Here's, , There's, Rowan, Athene, Apollo Rowan, unravels ChatGPT, Trump, Rowan hasn't Organizations: Apollo Global Management, Service, Apollo Global, North Star
The euro rose 0.4% to $1.0876 but faces resistance around $1.0905, while the dollar dipped 0.3% on the yen to 152.45 yen . Analysts believe Trump's policies on immigration, tax cuts and tariffs would put upward pressure on inflation, bond yields and the dollar, while Harris was seen as the continuity candidate. "A Harris win and a split Congress would likely result in 'Trump trades' quickly reversed and priced out," he added. Uncertainty over the outcome is one reason markets assume the Federal Reserve will choose to cut rates by a standard 25 basis points on Thursday, rather than repeat its outsized half-point easing. Futures imply a 99% chance of a quarter-point cut to 4.50%-4.75%, and an 83% probability of a similar-sized move in December.
Persons: Kamala Harris, Republican Donald Trump, Harris, Chris Weston, Trump, Goldman Sachs, Jan Hatzius Organizations: Democratic, Republican, Dealers, Trump, Reserve, of England, Norges Bank, Reserve Bank of Australia, Labor, China's National People's Congress, Reuters Locations: Asia, United States, Iowa, Treasuries, gilts, Beijing
CNN —Sydney has been officially elevated to the ranks of the Abbott World Marathon Majors, becoming the seventh city to join the prestigious series. Starting in 2025, the Sydney Marathon will become the first major marathon in the Southern Hemisphere as it joins elite races in Boston, New York, Chicago, London, Berlin and Tokyo. Abbott World Marathon Majors CEO Dawna Stone said she was “thrilled” that Sydney will become the seventh major, while complimenting the hard work of the race’s organizers. In September, a record 20,272 runners finished the race, helping it clear its second consecutive assessment to become an Abbott World Marathon Major. The 2025 Sydney Marathon is scheduled for August 31, with more than 33,000 runners expected to participate, according to the New South Wales government.
Persons: Dawna Stone, , ” Stone, , Jane Flemming, ” Flemming Organizations: CNN, Abbott, Sydney Marathon, Sydney Harbour, Athletics Australia, Sydney, Cape, Marathon, New South Locations: Southern, Boston , New York, Chicago, London, Berlin, Tokyo, Sydney, Australia, Cape Town, Shanghai, New South Wales
Australian golfer Jeffrey Guan has vowed to return to the sport and “conquer any obstacle” after he was struck in the face by a golf ball and completely lost sight in his left eye. “The instant ringing and pain rushed to my head, and I dropped to the ground,” Guan wrote. Any activity that required energy, including walking and eating, would leave him in “excruciating pain,” he wrote. Though he missed the cut, “just competing in the event was a massive accomplishment,” Golf Magazine wrote. He had recently signed a deal with Sportfive, a sports marketing company based in Germany that also represents Spanish professional golfer Jon Rahm.
Persons: Jeffrey Guan, ” Guan, , , Guan, Guan’s, Jon Rahm Organizations: Catalina Golf Club, PGA Tour, Australia, Australian Sports Foundation, Sportfive Locations: Australian, New South Wales, Australia, , Canberra, Sydney, California, Germany, Spanish
CNN —Australian golfer Jeffrey Guan’s dreams came true in September, as he made his PGA Tour debut. A week later, the 20-year-old was left blinded in one eye after being struck in the face by a golf ball. The freak accident occurred during a pro-am tournament at Catalina Golf Club in New South Wales, Australia. Guan was later airlifted to Canberra, where he underwent surgery on his eye. Guan is a two-time junior national champion in Australia and was primed to start his breakthrough in the professional game.
Persons: Jeffrey Guan’s, Guan, , Organizations: CNN, Catalina Golf Locations: New South Wales, Australia, Canberra, Sydney
Salma Hayek Pinault told the Wall Street Journal that she and her husband keep their finances separate. Many young couples are also choosing to keep their finances separate rather than having joint accounts. AdvertisementSalma Hayek Pinault said she and her husband, François-Henri Pinault, the billionaire CEO of Kering, keep their finances separate. Hayek Pinault told The Wall Street Journal in an interview published Tuesday that she did not sign a prenup, unlike many high-net worth individuals do before they marry. That was compared to 24% of Gen Xers (aged 44 to 59) and 16% of baby boomers (aged 60 to 78).
Persons: Salma Hayek Pinault, Henri Pinault, , François, Hayek Pinault, Gucci, Balenciaga, Alexander McQueen, Saint Laurent, Hayek, Salma Hayek, Vittorio Zunino Celotto, Gen Zers, Gen Xers, millennials, ERIC PIERMONT, Gillian Coote, Coote, It's, Jen Glantz Organizations: Wall Street Journal, Service, The Times, Wall Street, Bank of America, Baby Boomers, Getty, Coote Family, Guardian, Business Locations: London, AFP, New York City
An Australian one dollar coin sits atop a United States one dollar bill in this illustration photo taken February 12, 2016. The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. The ADP employment report is due later in the day, ahead of the potentially crucial monthly payrolls report on Friday. "The U.S. dollar continues to garner strong support as markets adjust their rate path expectations," said James Kniveton, senior corporate FX dealer at Convera.
Persons: James Kniveton, Kniveton, Donald Trump, Rachel Reeves, Keir Starmer, Liz Truss Organizations: Reserve Bank of Australia, Federal Reserve, U.S ., Reserve Bank, Australia's, U.S, Treasury, Republican, European Central Bank, Sterling, Labor Locations: States, U.S, Australia, Europe
The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.
Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong
Lovisa Sjoberg, 48, was spotted by rescuers as she walked along a bush trail in Kosciuszko National Park, southwest of the capital Canberra, on Sunday afternoon. New South Wales Police Superintendent Toby Lindsay said Monday she was “fortunate to be alive” after being bitten by a snake, potentially a copperhead. The northern part of Kosciuszko National Park recently reopened to visitors after an annual closure during winter. Wild horses in the Kosciuszko National Park in New South Wales, Australia. SL/iStockphoto/Getty ImagesPlans by the New South Wales National Parks and Wildlife Service (NPWS) to shoot brumbies from helicopters led to a failed legal bid to stop the cull this year.
Persons: Australia CNN —, , Lovisa Sjoberg, Toby Lindsay, ” Lindsay, , Mark Kostich, brumby Organizations: Australia CNN, New South Wales Police, Police, Officers, Kosciuszko National, New South Wales National Parks and Wildlife Service, brumbies Locations: Brisbane, Australia, Kosciuszko, Canberra, New, New South Wales
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