Australian PM says Israel’s explanation for aid worker deaths unsatisfactory
By Lewis Jackson SYDNEY (Reuters) – Israel is yet to provide a satisfactory explanation for the death of seven aid workers last week, Prime Minister Anthony Albanese said on Monday as Australia…
Australian lender NAB to close Hong Kong office
By Navya Mittal and Echha Jain (Reuters) – National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred…
Australian business conditions hold strong in Aug, cost pressure elevated
SYDNEY (Reuters) – Australian business conditions proved resilient yet again in August with a broad uptick in sales, profits and jobs, while inflationary pressures remained elevated, a result that could add to…
Australian pension fund to invest $1.6 billion in data centre firm
SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, said on Tuesday it would buy a minority stake in a major European data centre business for A$2.5 billion ($1.6 billion), its first significant…
Australian regulator sues PayPal unit over unfair term in small business contracts
(Reuters) – Australia’s securities regulator said on Thursday it will take PayPal’s local arm to court alleging that the digital payments giant’s standard contracts with small business customers contain an unfair term…
Australian regulator warns pension funds over unlisted company valuations after Canva slump
By Lewis Jackson SYDNEY (Reuters) – Australian pension funds need to improve how they value private equity, the sector’s regulator said on Monday after a review into the sector’s treatment of Canva,…
Australian delegation heading to Beijing for dialogue, government says
By Kirsty Needham SYDNEY (Reuters) – An Australian industry, government, academic and media delegation will travel to Beijing for dialogue with Chinese counterparts on Thursday, another step in stabilising ties, Foreign Minister…
Australian gig workers to get right to negotiate minimum pay, conditions
By Lewis Jackson SYDNEY (Reuters) – Australian gig workers will be able to negotiate for minimum pay and conditions under a new law to be introduced next week in parliament by the…
Biden sends condolences to families of three US marines killed in Australian aircraft crash
SYDNEY (Reuters) – President Joe Biden on Monday sent his condolences to the families of three U.S. Marines killed in an military aircraft crash on a northern Australian island as rescue and…
Chevron, Woodside say no updates on Australian LNG wage talks as unions file safety complaint
By Lewis Jackson and Alasdair Pal SYDNEY (Reuters) – Woodside Energy and Chevron said on Thursday there were no updates on wage disputes at some of Australia’s largest liquefied natural gas (LNG)…
Explainer-Worker disputes at Australian LNG producers roil global gas market
By Sudarshan Varadhan and Lewis Jackson SINGAPORE/SYDNEY (Reuters) – Woodside Energy Group and U.S. major Chevron are locked in a dispute over pay and job security with about 700 workers at four…
Outcome of Chevron, Woodside, Australian unions talks may take days
By Lewis Jackson SYDNEY (Reuters) – Negotiations between Chevron, Woodside Energy Group and Australian unions on Tuesday are unlikely to yield results for days because unions will need to consult members on…
Biden to host Australian PM for an official US visit
(Reuters) – Australian Prime Minister Anthony Albanese will travel to the United States for an official visit in late October, the first since winning election last year, according to a statement from…
Australian $100 billion pension fund says active in Japan, neutral on China
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s third largest pension fund will stay active in Japanese markets in the coming months and is neutral about China despite growing investor…
Australian July business conditions hold firm, costs jump anew
SYDNEY (Reuters) – Australian business conditions again proved solid in July with sales, profits and employment all above average, while a spike in labour costs and prices suggested inflationary pressures had yet…
Australian consumer sentiment slips in Aug amid economic angst
SYDNEY (Reuters) – Australian consumer sentiment slipped in August as a decision by the country’s central bank not to hike interest rates for a second month did little to soothe worries about…
Former Australian childcare worker charged with sexual abuse of 91 children
SYDNEY (Reuters) – A former Australian childcare worker has been charged with 1,623 child abuse offences against 91 children between 2007 and 2022, federal police said on Tuesday. The 45-year-old man has…
Australian prime minister raises prospect of early election over housing impasse
By Lewis Jackson SYDNEY (Reuters) – Australia could go to an election more than a year ahead of schedule as opposition parties threaten to block a flagship housing bill for a second…
Foreign bank lending to Australian offices hits record as local banks retreat
By Lewis Jackson SYDNEY (Reuters) – Foreign bank lending to Australian office real estate hit a record high in the first quarter as overseas lenders continued to stump up cash for a…
Australian BNPL firm Zip’s credit performance in local market weakens further
(Reuters) – Australia’s Zip Co Ltd said on Thursday it faced a jump in bad debts at home grounds, its biggest market by revenue, during the March-June quarter due to poor domestic…
Australian developer Lendlease to cut about 740 jobs globally
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -Australian developer Lendlease will cut about 740 jobs globally, or roughly 10% of its workforce, according to an internal memo on Tuesday seen by…
Australian banks say low unemployment is buffering home loans
By Byron Kaye SYDNEY (Reuters) – The CEOs of Australia’s two biggest banks said on Thursday a tight labour market was keeping late home loan repayments below historic levels even after a…
PwC asked to name companies it pitched on basis of leaked Australian tax plans
By Lewis Jackson SYDNEY (Reuters) – Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after…
Australian broker Openmarkets fined $3 million for ‘market integrity’ violations
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker in violation of numerous market integrity rules, the country’s corporate regulator said…
Australian watchdog urges banks to move Indigenous clients into low-fee accounts
(Reuters) -Australia’s corporate regulator on Wednesday asked the country’s banks to disclose data on fees charged to Indigenous consumers after a review found they were not meeting targets for moving First Nations…
Australian home prices climb for fourth month in June
SYDNEY (Reuters) – Australian home prices rose for a fourth consecutive month in June as a sustained squeeze on housing supply helped lift values nationwide, data showed on Monday. Property consultant CoreLogic…
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