SYDNEY, Jan 20 (Reuters) - Australia's Labor government on Monday pledged A$2 billion ($1.24 billion) in production credits to help support the country's four aluminium smelters switch to renewable power before 2036. Aluminium is one of the most polluting nonferrous metals to make, as its current production is mostly powered by coal. Green aluminium usually refers to metal produced using...

(Reuters) - Australia's troubled casino operator Star Entertainment reported a second-quarter loss on Monday, adding to the rising uncertainty about its future revamp and earnings turnaround. For the three months ended December, Star logged a loss before interest, tax, depreciation and amortisation of A$8 million (excluding significant items) ($4.95 million). ($1 = 1.6150 Australian dollars) ...

BRUSSELS, Jan 20 (Reuters) - Demand for a leading defence sector exchange-traded fund (ETF) has been growing ahead of the return of Donald Trump to the White House, said investment company and ETF issuer VanEck. The European arm of the New York-headquartered company launched its VanEck Defense UCITS ETF in March 2023. It rose around 55% in 2024 and is...

* Hedge funds charged $1.8 trillion in fees since 1969 * Largest most expensive hedge funds share more winnings with investors * Group as a whole keeps roughly half of their gains By Nell Mackenzie LONDON, Jan 20 (Reuters) - Hedge funds have charged their investors $1.8 trillion in fees from 1969 to the end of December 2024, according to...