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australian

Apple’s Australian workers go on Christmas strike demanding better wages, work terms

December 23, 2022
Apple's australian workers go on christmas strike demanding better wages, work terms - photo licensed by shore news network.

(Reuters) – Apple Inc’s workers in Australia initiated a strike Friday afternoon, demanding better working conditions and wages, a workers’ union said, a move that …

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Australian stock exchange’s blockchain failure burns market trust

December 19, 2022December 19, 2022
Australian stock exchange's blockchain failure burns market trust - photo licensed by shore news network.

By Byron Kaye SYDNEY (Reuters) – In a Sydney hotel conference room in May, Tim Hogben, the head of securities and payments for ASX Ltd, …

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Australian firms turn pessimistic even as business remain brisk

December 12, 2022
Australian firms turn pessimistic even as business remain brisk - photo licensed by shore news network.

SYDNEY (Reuters) – Australian businesses turned in a pessimistic outlook for the first time this year in November as they worried about inflation and higher …

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Australian minister urges greater U.S. economic engagement with Indo-Pacific

December 7, 2022December 7, 2022
Australian minister urges greater u. S. Economic engagement with indo-pacific - photo licensed by shore news network.

WASHINGTON (Reuters) – Australia’s Foreign Minister on Wednesday praised Washington’s commitment to Indo-Pacific security but said its departure from a regional trade pact was still …

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Australian fund managers keep big banks at arm’s length

December 7, 2022December 7, 2022
Australian fund managers keep big banks at arm's length - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) – Holdings of Australia’s big banks by domestic fund managers are hovering near record lows on expectations that a combination …

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Australian battery metal players key to South Korea’s EV ambition

November 30, 2022
Australian battery metal players key to south korea's ev ambition - photo licensed by shore news network.

SYDNEY (Reuters) – Australia will play a big role in South Korea’s ambition to lead the electric vehicle batteries market and diversify from China for …

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Australian banking system cushioned for imminent climate change-related risks – regulator

November 30, 2022
Australian banking system cushioned for imminent climate change-related risks - regulator - photo licensed by shore news network.

(Reuters) – Potential economic downturns caused by climate change could pose risks to the loan books of Australia’s top five banks without resulting in any …

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Australian government moves to censure former prime minister over secret ministries

November 27, 2022
Australian government moves to censure former prime minister over secret ministries - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) – Australia’s Labor government said it will move a parliamentary censure motion against former Liberal prime minister Scott Morrison this …

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Australian inquiry finds Morrison’s secret ministries corroded trust

November 25, 2022November 25, 2022
Australian inquiry finds morrison's secret ministries corroded trust - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) -Australia will introduce rules to increase transparency in ministerial appointments after an inquiry into secret ministerial appointments by then Prime …

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Australian regulator temporarily halts orders on two Perpetual funds

November 24, 2022

(Reuters) – Australian securities regulator on Friday directed a unit of asset manager Perpetual Ltd to stop offering or distributing two funds to retail investors …

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Longer Australian bushfire seasons, more wild weather seen as climate warms – report

November 22, 2022November 22, 2022
Longer australian bushfire seasons, more wild weather seen as climate warms - report - photo licensed by shore news network.

By Renju Jose SYDNEY (Reuters) – Australia’s climate conditions will worsen in the years ahead, two national agencies said on Wednesday, warning of quicker changes …

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Released Australian adviser supports sanctions against Myanmar officials

November 21, 2022November 21, 2022
Released australian adviser supports sanctions against myanmar officials - photo licensed by shore news network.

SYDNEY (Reuters) – Australia should sanction Myanmar’s military government and the regime’s bankers, Sean Turnell, the Australian economist and adviser to deposed leader Aung San …

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Australian Turnell freed in Myanmar, arrives in Thailand -Australian government

November 17, 2022

(Reuters) -Australian economist Sean Turnell was freed from prison in Myanmar on Thursday and has arrived in Thailand, Australian Prime Minister Anthony Albanese said on …

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Australian banks ease mortgage norms as property market cools

November 10, 2022November 10, 2022
Australian banks ease mortgage norms as property market cools - photo licensed by shore news network.

By Lewis Jackson and Byron Kaye SYDNEY (Reuters) -Two of Australia’s top banks have quietly relaxed some home lending standards, banking and mortgage-broking sources said, …

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Vanguard launches Australian pension fund in bid for $2 trillion savings pool

November 10, 2022November 10, 2022
Vanguard launches australian pension fund in bid for $2 trillion savings pool - photo licensed by shore news network.

SYDNEY (Reuters) – The world’s second-largest fund manager Vanguard launched a pension fund in Australia on Friday, the first new fund licence approved in six …

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Australian grocer Woolworths quarterly sales rise 1.8% on higher prices

November 2, 2022
Australian grocer woolworths quarterly sales rise 1. 8% on higher prices - photo licensed by shore news network.

(Reuters) – Australian grocer Woolworths Group reported a 1.8% rise in first-quarter sales on Thursday, helped by higher product prices. Total group sales for the …

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Australian regulator appeals dismissal of petition against CBA, unit by court

October 26, 2022October 25, 2022
Australian regulator appeals dismissal of petition against cba, unit by court - photo licensed by shore news network.

(Reuters) – Australia’s corporate regulator said it had appealed the Federal Court’s decision to dismiss its petition against the Commonwealth Bank of Australia and its …

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Australian state premier justifies blocking U.N. team from prisons

October 24, 2022

SYDNEY (Reuters) – The premier of Australia’s biggest state justified on Monday blocking a U.N. torture prevention panel from visiting prisons, saying the state maintained …

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Australian court to hear Santos Barossa drilling appeal on Nov 15-16

October 4, 2022October 4, 2022
Australian court to hear santos barossa drilling appeal on nov 15-16 - photo licensed by shore news network.

MELBOURNE (Reuters) – Australia’s Federal Court will hear an appeal by Santos Ltd on Nov. 15-16 seeking to resume drilling at its $3.6 billion Barossa …

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Australian interest rate changes since 1990

October 4, 2022October 3, 2022
Australian interest rate changes since 1990 - photo licensed by shore news network.

SYDNEY (Reuters) – The Reserve Bank of Australia raised its cash rate by 25 basis points to 2.60% on Tuesday following a monthly policy meeting. …

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Rio Tinto says employee sexually assaulted in Western Australian mine

September 26, 2022
Rio tinto says employee sexually assaulted in western australian mine - photo licensed by shore news network.

SYDNEY (Reuters) – Rio Tinto Ltd on Monday said an employee at one of its mines in Western Australia state was sexually assaulted and that …

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Australian home buyers could benefit from higher rates: RBA

September 18, 2022
Australian home buyers could benefit from higher rates: rba - photo licensed by shore news network.

SYDNEY (Reuters) – Australians looking to buy a new home could actually benefit from rising interest rates as they lower the price of housing enough …

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Australian business activity remains robust in August-survey

September 12, 2022
Australian business activity remains robust in august-survey - photo licensed by shore news network.

SYDNEY (Reuters) – A measure of Australian business confidence picked up for a second month in August as sales stayed surprisingly strong in the face …

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Australian lenders NAB, ANZ to raise home loan rates by 50 bps

September 9, 2022
Australian lenders nab, anz to raise home loan rates by 50 bps - photo licensed by shore news network.

(Reuters) – Australia and New Zealand Banking Group joined National Australia Bank in raising its variable home loan interest rates on Friday, passing on the …

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Australian trade surplus shrinks sharply in July

September 7, 2022
Australian trade surplus shrinks sharply in july - photo licensed by shore news network.

SYDNEY (Reuters) – Australia’s trade surplus shrank by more than expected in July as exports of iron ore and coal cooled after a very strong …

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Australian police seize record $1.1 billion of crystal meth

August 25, 2022

SYDNEY (Reuters) – Australian police said on Friday it had seized some A$1.6 billion ($1.1 billion) worth of crystal meth, also known as ‘ice’, concealed …

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Australian govt embarks on crypto stocktake ahead of sector regulation

August 22, 2022
Australian govt embarks on crypto stocktake ahead of sector regulation - photo licensed by shore news network.

SYDNEY (Reuters) – Australia said on Monday it would do a virtual stocktake of the country’s cryptocurrency holdings, the first signal from the new centre-left …

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‘Stealth Bulldozer’: Former Australian Prime Minister Secretly Seized Control Of Gov’t Ministries During Pandemic

August 22, 2022August 17, 2022
‘stealth bulldozer’: former australian prime minister secretly seized control of gov’t ministries during pandemic - photo licensed by shore news network.

‘Stealth Bulldozer’: Former Australian Prime Minister Secretly Seized Control Of Gov’t Ministries During Pandemic Micaela Burrow on August 17, 2022 Former Australian Prime Minister Scott …

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Australian crypto ownership warrants consumer protection, says regulator

August 10, 2022
Australian crypto ownership warrants consumer protection, says regulator - photo licensed by shore news network.

SYDNEY – Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from financial advisers, …

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Australian miner European Lithium to supply battery-grade lithium to BMW

August 4, 2022
Australian miner european lithium to supply battery-grade lithium to bmw - photo licensed by shore news network.

(Reuters) – Australia’s European Lithium Ltd said on Friday it has signed an agreement with German automobile maker BMW AG to supply battery-grade lithium hydroxide, …

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Australian retail sales slow in June as prices jump

July 27, 2022
Australian retail sales slow in june as prices jump - photo licensed by shore news network.

By Wayne Cole SYDNEY – Australian retail sales edged higher in June but missed market forecasts for the first time in several months, a sign …

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Australian households well placed to absorb rising borrowing costs-RBA

July 18, 2022
Australian households well placed to absorb rising borrowing costs-rba - photo licensed by shore news network.

SYDNEY – Australian households are generally well placed to absorb rising borrowing costs though more recent home buyers could be vulnerable with interest rates set …

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Australian regulator lifts additional capital overlay on Allianz Australia

July 14, 2022

(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 …

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Australian business mood sours in June even as activity holds up

July 11, 2022
Australian business mood sours in june even as activity holds up - photo licensed by shore news network.

By Wayne Cole SYDNEY – A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail …

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Australian stocks shed $172 billion in H1, analysts see more pain

June 29, 2022
Australian stocks shed $172 billion in h1, analysts see more pain - photo licensed by shore news network.

By Shashwat Awasthi (Reuters) – Australian shares were set to lose a tenth of their market value in the first half of 2022, and analysts …

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Australian Tech Entrepreneur Sentenced To More Than 8 Years For Multimillion Dollar Consumer Fraud Scheme

June 28, 2022
Australian tech entrepreneur sentenced to more than 8 years for multimillion dollar consumer fraud scheme - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, announced today that EUGENI TSVETNENKO, a/k/a “Zhenya,” a dual citizen of Australia …

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Spot Australian thermal coal has surged, but contract price is key: Russell

June 27, 2022
Spot australian thermal coal has surged, but contract price is key: russell - photo licensed by shore news network.

By Clyde Russell LAUNCESTON, Australia – The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights …

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Australian consumers in a dark mood as inflation, rates bite

June 14, 2022
Australian consumers in a dark mood as inflation, rates bite - photo licensed by shore news network.

SYDNEY – A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in …

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Australian banks slide further as RBA view raises housing market concerns

June 8, 2022
Australian banks slide further as rba view raises housing market concerns - photo licensed by shore news network.

By Harish Sridharan (Reuters) – Shares of Australia’s “Big Four” banks fell further on Thursday to hit multi-month lows, as the central bank’s largest interest …

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Australian lenders lift variable mortgage rates after RBA hike

June 8, 2022
Australian lenders lift variable mortgage rates after rba hike - photo licensed by shore news network.

(Reuters) – Australia’s major lenders raised their home loan variable interest rates on Wednesday by 50 basis points per annum, a day after the central …

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Global gas crunch claims first Australian trading casualty

May 23, 2022
Global gas crunch claims first australian trading casualty - photo licensed by shore news network.

By Sonali Paul MELBOURNE – A gas seller that supplied 7% of the eastern Australian market has collapsed due to soaring global gas prices, the …

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UK’s Johnson talks Ukraine, trade deal with new Australian counterpart

May 23, 2022
Uk's johnson talks ukraine, trade deal with new australian counterpart - photo licensed by shore news network.

LONDON – British Prime Minister Boris Johnson agreed with his newly-elected Australian counterpart Anthony Albanese that the Ukrainian war must not encourage other countries to …

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Analysis-New Australian govt looks to SE Asia as it deals with ‘difficult’ China relationship

May 23, 2022
Analysis-new australian govt looks to se asia as it deals with 'difficult' china relationship - photo licensed by shore news network.

By Kirsty Needham SYDNEY – Australia’s new Labor government will put greater focus on relations with Southeast Asia and climate change, an issue crucial to …

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Australian prime minister concedes defeat in election

May 21, 2022
Australian prime minister concedes defeat in election - photo licensed by shore news network.

SYDNEY – Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete …

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Australian billionaire Cannon-Brookes settles 11.3% stake buy in AGL Energy

May 18, 2022
Australian billionaire cannon-brookes settles 11. 3% stake buy in agl energy - photo licensed by shore news network.

(Reuters) – Australian tech billionaire Mike Cannon-Brookes’ firm Grok Ventures said on Wednesday it settled a 11.28% stake purchase in AGL Energy worth A$650 million …

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Australian banks enter tech arms race as rising rates squeeze profit

May 17, 2022
Australian banks enter tech arms race as rising rates squeeze profit - photo licensed by shore news network.

By Byron Kaye SYDNEY – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in …

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Australian Citizen Sentenced for Visa Fraud

May 11, 2022
Australian citizen sentenced for visa fraud - photo licensed by shore news network.

ALBANY, NEW YORK – Paul J. Carter, also known as Paul Hamilton, and formerly known as Paul Cristallo, was sentenced today to time served (6 …

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Australian consumers spooked by rate risk, inflation -survey

May 2, 2022
Australian consumers spooked by rate risk, inflation -survey - photo licensed by shore news network.

SYDNEY – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living …

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Australian job ads dip 0.5% in April, still strong overall

May 1, 2022
Australian job ads dip 0. 5% in april, still strong overall - photo licensed by shore news network.

SYDNEY – Australian job advertisements dipped in April from multi-year highs, but still point to continued strong demand for labour that will likely soon drive …

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Australian banks’ margin woes linger but rate hikes may lift view

May 1, 2022
Australian banks' margin woes linger but rate hikes may lift view - photo licensed by shore news network.

By Shashwat Awasthi (Reuters) – Australia’s “Big Four” banks are set to report a further squeeze on interest margins in their upcoming results dented by …

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