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 fund managers keep big banks at arm’s length
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 of high consumer spending and low arrears…
Australian battery metal players key to South Korea’s EV ambition
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 its battery metals needs, a top South…
Australian banking system cushioned for imminent climate change-related risks – regulator
(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 severe stress to the system and the…
Australian government moves to censure former prime minister over secret ministries
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 week after an inquiry found his secret…
Australian inquiry finds Morrison’s secret ministries corroded trust
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 Minister Scott Morrison found they corroded public…
Australian regulator temporarily halts orders on two Perpetual funds
(Reuters) – Australian securities regulator on Friday directed a unit of asset manager Perpetual Ltd to stop offering or distributing two funds to retail investors on an interim basis due to significant…
Longer Australian bushfire seasons, more wild weather seen as climate warms – report
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 in weather patterns and more frequent extreme…
Released Australian adviser supports sanctions against Myanmar officials
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 Suu Kyi said in his first interview…
Australian Turnell freed in Myanmar, arrives in Thailand -Australian government
(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 Thursday. Turnell was a former adviser to…
Australian banks ease mortgage norms as property market cools
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, despite authorities urging prudence in recent months…
Vanguard launches Australian pension fund in bid for $2 trillion savings pool
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 years as it bets a reputation for…
Australian grocer Woolworths quarterly sales rise 1.8% on higher prices
(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 country’s biggest supermarket chain came in at…
Australian regulator appeals dismissal of petition against CBA, unit by court
(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 pension unit on allegations of improperly collecting…
Australian state premier justifies blocking U.N. team from prisons
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 high standards at its jails and Australia…
AMP Australian wealth management unit’s net outflows more than halve
(Reuters) -AMP Ltd on Friday reported third-quarter net outflows at its Australian wealth management unit more than halved due to increased inflows into its flagship online investment platform, North, and reduced withdrawals…
Australian court to hear Santos Barossa drilling appeal on Nov 15-16
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 gas project off northern Australia over the…
Australian interest rate changes since 1990
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. The following is a chronology of the…
Rio Tinto says employee sexually assaulted in Western Australian mine
SYDNEY (Reuters) – Rio Tinto Ltd on Monday said an employee at one of its mines in Western Australia state was sexually assaulted and that police removed the alleged perpetrator from the…
Australian home buyers could benefit from higher rates: RBA
SYDNEY (Reuters) – Australians looking to buy a new home could actually benefit from rising interest rates as they lower the price of housing enough to ultimately result in lower mortgage payments…
Australian business activity remains robust in August-survey
SYDNEY (Reuters) – A measure of Australian business confidence picked up for a second month in August as sales stayed surprisingly strong in the face of rising interest rates and high inflation,…
Australian lenders NAB, ANZ to raise home loan rates by 50 bps
(Reuters) – Australia and New Zealand Banking Group joined National Australia Bank in raising its variable home loan interest rates on Friday, passing on the central bank’s 50 basis points (bps) rate…
Australian trade surplus shrinks sharply in July
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 run, while more Australians travelled and spent…
Australian police seize record $1.1 billion of crystal meth
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 within marble stones in several sea freight…
Australian govt embarks on crypto stocktake ahead of sector regulation
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 government that it plans to regulate the…
‘Stealth Bulldozer’: Former Australian Prime Minister Secretly Seized Control Of Gov’t Ministries During Pandemic
‘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 Morrison secretly took emergency controls of five…
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