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Last Updated: Wednesday, 23rd July, 12:25PM
| ASX All Ords | 8990.9 | +0.55% |
| ASX 200 | 8728 | +0.59% |
| NZX 50 | 12733.57 | -0.78% |
| Dow Jones | 44502.44 | +0.40% |
| NASDAQ | 23063.578 | -0.50% |
| FTSE | 9023.81 | +0.12% |
| Hang Seng | 25278.6 | +0.59% |
| NIKKEI 225 | 40864.77 | +2.74% |
| DAX | 24041.9 | -1.09% |
Last Updated: Wednesday, 23rd July, 12:25PM
| Oil | 66.36 | +0.23% |
| Gold | 3436.1 | -0.22% |
| Silver | 39.555 | +0% |
| S&P Futures | 6357.25 | +0.17% |
| Dow Futures | 44816 | +0.23% |
| NASDAQ Fut. | 23230 | +0.02% |
| Russell2000 | 2271.8 | +0.49% |
| 10YR Bonds | 4.336 | -0.82% |
| Vix | 16.5 | -0.90% |
Last Updated: Wednesday, 23rd July, 5:25AM
| USD | $ | 0.6551 | United States Dollars |
| GBP | £ | 0.4843 | British Pounds |
| EUR | € | 0.5577 | European Union Euros |
| JPY | ¥ | 95.9969 | Japanese Yen |
| NZD | $ | 1.0919 | New Zealand Dollars |
| CAD | $ | 0.8914 | Canadian Dollars |
| CNY | 元 | 4.6966 | Chinese Yuan |
| IDR | Rp | 10665.5917 | Indonesian Rupiah |
| THB | ฿ | 21.0546 | Thai Baht |
Financial News & Information
| Netwealth's Strategic Move: A Tailored Platform for High-Net-Worth Investors Wed, 23 Jul: Netwealth has unveiled plans for a new and sophisticated platform targeting high-net-worth individuals (HNWIs), marking a strategic response to the evolving needs of Australia's investment and financial advice industry. This announcement comes as the company urges the broader financial advice sector to expand its offerings to match the changing demands of modern investors. - read more
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| Industry Leaders Collaborate to Launch Innovative Retirement Solution Wed, 23 Jul: In a significant move within the Australian finance sector, Insignia Financial's MLC has joined forces with leading insurance provider TAL and wealth group Challenger to introduce a ground-breaking ‘centre of excellence’ for retirement solutions. This initiative, centred around MLC’s new Retirement Boost product, aims to revolutionise how Australians manage their retirement finances. - read more
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| RBA Surprises Markets by Holding Interest Rates Steady Wed, 23 Jul: The Reserve Bank of Australia (RBA) delivered an unexpected twist at its recent monetary policy meeting by deciding to keep the official cash rate (OCR) at 3.85%. This move contradicted the expectations of financial analysts, who were nearly unanimous in predicting a reduction in the rate. Market forecasts had virtually priced in a rate cut, highlighting the RBA's surprising break from anticipated action. - read more
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| NSW Workers’ Compensation Scheme Faces Major Overhaul Amid Underinsurance Issues Wed, 23 Jul: The New South Wales State Insurance Regulatory Authority (SIRA) has identified critical issues of underinsurance and employer non-compliance within the icare workers’ compensation scheme. A recent review highlighted that over $60 million in premiums were not collected due to missing wage declarations, with about 75% of employers audited showing non-compliance responsible for an additional $24.5 million in unpaid premiums. - read more
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| What Type of Insurance Does a Restaurant Need in Australia? Running a restaurant in Australia comes with a unique set of risks, making restaurant insurance a crucial consideration for business stability. Essential policies typically include public liability, property insurance, and workers’ compensation. These protect against claims for injury or property damage, damage to your premises, and staff-related incidents. For many restaurant owners, these core coverages form the foundation of a solid risk management plan. - read more
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| Why Every Commercial Kitchen Needs Equipment Insurance Running a commercial kitchen in Australia means relying heavily on specialised equipment, from ovens and deep fryers to refrigeration and extraction systems. These assets are critical to daily operations and represent a significant investment for any restaurant or café owner. Protecting this equipment is vital, as unexpected damage or faults can quickly disrupt service and impact your bottom line. - read more
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| How to minimise risk and stay compliant when starting a new restaurant Restaurant insurance in Australia provides vital protection for businesses in the hospitality sector. A tailored restaurant insurance policy can help cover a variety of risks unique to the industry, such as property damage, equipment breakdowns, customer injuries, and food contamination incidents. For many restaurant owners, having the right level of insurance is an essential part of running a compliant and resilient business. - read more
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| How Much Does Restaurant Insurance Cost in Australia? Restaurant insurance cost in Australia can vary widely, largely depending on several key factors unique to each business. Insurers assess elements such as the size of your restaurant, the type of food service, the number of employees, and whether alcohol is served. Additional considerations include your claims history, annual turnover, and the specific risks associated with your operations. These details help insurers determine an appropriate premium for your restaurant business insurance package. - read more
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