Business Insights: Jul 19 - Australia (5 stories)

Here is your Weekly summary for Business & Finance across Australia for Mon 13th July - Sun 19th July 2026

Bitcoin has recently faced resistance below $65,556, indicating a potential struggle for upward momentum in the cryptocurrency market. This development is crucial as it reflects ongoing volatility and investor sentiment, which could impact trading strategies.

In corporate news, Reliance Industries reported a record EBITDA for Q1 FY27, driven by energy market fluctuations. This performance highlights the company's resilience amid volatility, positioning it well for future growth.

Axis Bank also posted a robust 23% profit increase in Q1 FY27, despite experiencing a cycle low in net interest margins. This suggests effective cost management and strong demand for loans, which could bolster investor confidence in the bank's long-term prospects.