Australia regulator removes Westpac’s add-on liquidity requirement
(Reuters) – Australia’s bank regulator said on Thursday Westpac Banking Corp no longer needs to keep an additional amount of cash reserve after the company …
Australia
Firefighting tanker plane in deadly Australia crash likely stalled – final report
By Jamie Freed SYDNEY (Reuters) -A C-130 tanker plane that crashed and killed all three Americans on board while fighting fires in Australia in 2020 …
Australia PM focussed on workplace reform as he marks 100 days in office
SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese said his government was focussed on jobs and workplace reform as the country faces economic challenges in …
Australia PM to release report into predecessor’s secret ministries on Tuesday
SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese said he will release a report on Tuesday from the solicitor general on his predecessor Scott Morrison …
Australia PM could launch inquiry into secret ministries saga
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese on Sunday said his government could consider an inquiry into former Prime Minister Scott Morrison being secretly …
Australia to target vehicle emissions to boost electric car supply
By Praveen Menon and Renju Jose SYDNEY (Reuters) -Australia’s government said on Friday it plans to introduce new regulations targeting vehicle carbon emissions to boost …
Australia wage growth picks up in Q2, lags forecasts and inflation
By Wayne Cole SYDNEY (Reuters) – Australian wage growth rose at the fastest pace in almost eight years last quarter as red-hot demand for labour …
‘Too big for Australia’, says pension fund eyeing global expansion
SYDNEY (Reuters) – Australia’s biggest pension fund has outgrown the country and wants to quadruple in size to be a global investment powerhouse worth A$1 …
German fighter jets en route to Australia as Berlin shifts focus to Indo-Pacific
BERLIN – Germany is sending 13 military aircraft to joint exercises in Australia, the air force’s largest peacetime deployment, underlining Berlin’s increased focus on the …
Australia business activity booms in July, costs surge
By Wayne Cole SYDNEY – A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face …
Australia home prices slide, Sydney suffers worse month in 40 years
By Wayne Cole SYDNEY – Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline …
Australia PM says Indigenous-voice details to follow referendum
SYDNEY – Details for giving Australia’s Indigenous people a voice in parliament will follow a national referendum on the question, Prime Minister Anthony Albanese said …
Australia cenbank to play catch-up, raise rates by 50 bps for third month on Aug 2
By Devayani Sathyan BENGALURU – Australia’s central bank will deliver its third consecutive half-point interest rate hike on Tuesday and another in September, playing catch-up …
Australia gov’t to double foreign investment fees, penalties
SYDNEY – Australia will double the fees for foreign investors looking to buy assets in the country, Treasurer Jim Chalmers said on Friday, as he …
Australia battles fresh Omicron outbreak as COVID deaths rise
SYDNEY – Australia reported one of its highest daily death tolls from the novel coronavirus on Thursday while hospital admissions hovered near record levels, as …
Australia to review central bank’s monetary tools, rate forecasts
SYDNEY – Australia will launch a review of the Reserve Bank of Australia’s (RBA) inflation target, monetary tools and board structure, Treasurer Jim Chalmers said …
Privately issued but regulated digital currencies have benefits -cbank chiefs
By Alun John (Reuters) -Consumer-focused digital tokens issued by private companies could be better than central bank-issued tokens assuming the companies can be regulated appropriately, …
Australia reinstates COVID quarantine pay amid fresh Omicron wave
By Renju Jose SYDNEY – Australia will reinstate support payments for casual workers who have to quarantine due to COVID-19, Prime Minister Anthony Albanese said …
China hopes Australia can take actions to promote trade relations – commerce ministry
BEIJING – China hopes Australia can take pragmatic actions to create favourable conditions for the healthy and stable development of bilateral trade relations, China’s commerce …
Australian regulator lifts additional capital overlay on Allianz Australia
(Reuters) -Australia’s prudential regulator said on Thursday it has scrapped the additional capital requirement of A$150 million ($101.64 million) placed on the local unit of …
Australia consumer sentiment slides further in July amid inflation gloom
SYDNEY – A measure of Australian consumer sentiment slid for an eighth straight month to match pandemic lows in July as the surging cost of …
U.S. firm to build $1.7 billion data centre, large-scale battery in Australia
MELBOURNE – Private-equity firm Quinbrook Infrastructure Partners said it has won approval to build a data centre worth A$2.5 billion ($1.7 billion) in Australia, that …
Australia expands fourth COVID dose rollout amid fresh Omicron threat
By Renju Jose SYDNEY -Australia said on Thursday it would expand the rollout of the fourth dose of COVID-19 vaccines from next week as it …
Citing Australia, lawmakers warn Britain against overselling trade deals
LONDON – Britain’s parliamentary trade committee on Wednesday warned the government against overselling its post-Brexit trade deals, citing shortcomings in its agreement with Australia and …
South Australia to review Skycity’s Adelaide casino amid broader scrutiny
(Reuters) – South Australia’s gambling regulator said on Friday it would commission an independent review of Skycity Entertainment’s Adelaide casino, after probes in other states …
Australia home prices slip in June as Sydney, Melbourne drag
By Wayne Cole SYDNEY – Australian home prices slipped for a second month in June as once red-hot markets in Sydney and Melbourne felt the …
Australia job vacancies surge as firms struggle to find staff
SYDNEY – Job vacancies in Australia surged to all-time highs in the May quarter as firms struggled to find staff amid a tightening labour market, …
At Australia mine, Glencore balances reforestation drive, coal profit
By Praveen Menon HUNTER VALLEY, Australia – At Glencore’s aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is …
Uber agrees to Australia minimum pay body after similar moves in Britain, Canada
By Byron Kaye SYDNEY – Uber Technologies Inc and Australia’s main transport union agreed on Tuesday to back a federal body that enforces minimum pay …
Former Cargo Handler at LAX Sentenced to One Year in Prison for Stealing Four Gold Bars Headed from Australia to New York
LOS ANGELES – A former cargo handling company employee at Los Angeles International Airport was sentenced today to 12 months in federal prison for …
Exclusive-Argentina’s Bioceres to seek Australia approval to plant its GMO wheat next year, CEO says
By Jorgelina do Rosario LONDON – Argentina’s Bioceres Crop Solutions plans to carry out field tests of its genetically modified drought resistant wheat in Australia …
Australia central bank sees need to normalise policy in inflation fight
SYDNEY – Australia’s central bank decided to raise interest rates by a larger 50 basis points this month because policy would still be very stimulative …
Australia central bank concedes yield target exit was disorderly, damaging
By Wayne Cole SYDNEY – Australia’s central bank said on Tuesday its pandemic stimulus programme to keep short-term bond yields low was successful for much …
Australia power crisis forces manufacturers to eye offshore moves, production cuts
By Byron Kaye SYDNEY – Australia’s biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike …
Bubs Australia shares surge on infant formula supply deal with Walmart
(Reuters) – Shares of Bubs Australia jumped on Thursday after the company signed a deal to supply its infant formula products to U.S. retail giant …
Ukraine war, soaring costs shake Australia farmer confidence – survey
SYDNEY – Australian farmers’ confidence fell in the latest quarter, as rising production costs took some shine off high commodity prices and prospects of a …
Australia says Indonesia trip shows importance of bilateral relationship
SYDNEY – Australian Prime Minister Anthony Albanese said on Sunday his trip to Indonesia just over two weeks after he was elected showed the importance …
Australia home prices fall as Sydney, Melbourne lurch lower
By Wayne Cole SYDNEY – Australian home prices broke a 20-month winning streak in May as falls accelerated in Sydney and Melbourne amid rising interest …
Shares in Bubs Australia jump on exports to United States, Biden tweet
(Reuters) – Shares in Bubs Australia surged on Monday after U.S. health authorities approved imports of its infant formula to help address a severe shortage …
China signs deal with Samoa as Australia vows Pacific Islands plan
SYDNEY – China’s foreign minister signed a deal with Samoa on Saturday to strengthen diplomatic relations, while Australia’s new leader said he had a “comprehensive …
Australia wins U.S. approval to buy rocket launchers
By Katharine Jackson and Mike Stone WASHINGTON -The U.S. State Department has approved the sale of mobile rocket launchers to Australia, as the country seeks …
Factbox-How Canada, Australia, UK changed laws after mass shootings
(Reuters) – A shooting at a Texas elementary school that killed 19 children and two teachers has revived a push for new gun safety laws …
U.S., Japan, Australia, and India to launch tracking system to monitor illegal fishing by China- FT
(Reuters) – U.S., Japan, Australia, and India will unveil a maritime initiative at the Quad summit in Tokyo to curb illegal fishing in the Indo-Pacific, …
Pentagon asks Congress to fund mining projects in Australia, U.K
By Ernest Scheyder (Reuters) – The U.S. Department of Defense has asked Congress to let it fund facilities in the United Kingdom and Australia that …
Australia consumer sentiment dives as rates, inflation rise
SYDNEY – A measure of Australian consumer sentiment slid for a sixth straight month to a 21-month low in May as surging inflation and rising …
Australia, Solomon Island’s Foreign Minister meet for first time since pact signed
By Lucy Craymer WELLINGTON – Australian Foreign Minister Marise Payne said she met her Solomon Islands counterpart Jeremiah Manele for the first time since his …
Wealth manager AMP’s Australia unit posts net cash outflows on uncertainties
(Reuters) – AMP Ltd said on Thursday its Australian wealth management business logged another quarter of cash outflows as it continued to lose investors amid …
Australia home prices keep rising even as Sydney, Melbourne cool
SYDNEY – Australian home prices were still rising nationally in April even as more of the heat came out of the Sydney and Melbourne markets, …
Virgin Australia to add 4 Boeing 737 MAX 8 airplanes to service higher demand
(Reuters) – Virgin Australia said on Friday it will add four new Boeing 737 Max 8 aircraft to its fleet to meet higher demand as …
Australia targets Putin’s daughters, Russian senators in fresh sanctions
SYDNEY – The Australian government has imposed sanctions and travel bans on two daughters of Russian President Vladimir Putin and Foreign Minister Sergei Lavrov’s daughter, …