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Last Updated: Wednesday, 16th July, 11:25AM
| ASX All Ords | 8811 | -0.72% |
| ASX 200 | 8562.4 | -0.79% |
| NZX 50 | 12745.34 | +0.44% |
| Dow Jones | 44023.29 | -0.98% |
| NASDAQ | 22884.588 | +0.13% |
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| NIKKEI 225 | 39767.13 | +0.22% |
| DAX | 24060.29 | -0.42% |
Last Updated: Wednesday, 16th July, 11:25AM
| Oil | 66.94 | +0.63% |
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| Silver | 38.125 | +0.04% |
| S&P Futures | 6276.75 | -0.12% |
| Dow Futures | 44201 | -0.10% |
| NASDAQ Fut. | 23024.75 | -0.14% |
| Russell2000 | 2216 | -0.10% |
| 10YR Bonds | 4.489 | +1.40% |
| Vix | 17.38 | +1.05% |
Last Updated: Wednesday, 16th July, 5:25AM
| USD | $ | 0.6519 | United States Dollars |
| GBP | £ | 0.4869 | British Pounds |
| EUR | € | 0.5619 | European Union Euros |
| JPY | ¥ | 97.0729 | Japanese Yen |
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| CAD | $ | 0.8941 | Canadian Dollars |
| CNY | 元 | 4.6838 | Chinese Yuan |
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| THB | ฿ | 21.2060 | Thai Baht |
Financial News & Information
| EOFY Boost: Adviser Numbers Rise Amidst Industry Volatility Wed, 16 Jul: In a notable shift, the financial advising sector reported an increase of 120 advisers for the financial year 2025-2026, signaling a significant end-of-financial-year (EOFY) development. This comes after a challenging period of five weeks marked by a net decline of 359 advisers. The recent gain, though modest at 17 advisers for the week, marks a positive turn following these consecutive losses. - read more
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| Urgent Call for Payday Super as Unpaid Super Bill Soars to $5.7 Billion Wed, 16 Jul: The Super Members Council (SMC) has called on the Federal Government to formalize a 1 July 2026 commencement date for the proposed payday superannuation legislation. This call comes amid alarming new data from the Australian Taxation Office (ATO) revealing that overdue superannuation bills have surged to $5.7 billion. - read more
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| Super Funds Under Pressure to Improve Retirement Outcomes Wed, 16 Jul: In the Australian superannuation sector, recent analyses have highlighted ongoing deficiencies in meeting obligations under the Retirement Income Covenant (RIC). The CoreData/Conexus Financial Best Possible Retirement report indicates a modest rise in retirees' satisfaction levels since last year, yet overall levels remain below those reported two years ago. Industry funds lag behind, with retail funds showing slightly better performance. Regulatory authorities have intensified scrutiny over super funds, urging them to significantly enhance their strategies and support for retirees. - read more
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| Australia's Unsustainable Financial Outlook Raises Concerns Wed, 16 Jul: Recent admissions from the Treasury reveal Australia's precarious financial situation, with significant implications for the nation’s economic stability. A report from credit ratings firm S&P last month highlighted that the combined budget deficits of Australia’s state and federal governments total $52 billion. Furthermore, the country's net debt has already surpassed 60% of GDP, showcasing a challenging fiscal scenario. - 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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