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 crypto ownership warrants consumer protection, says regulator
SYDNEY – Nearly half of Australian retail investors owned cryptocurrency in late 2021 and more got their information from YouTube videos than from financial advisers, the securities watchdog said on Thursday, calling…
Australian miner European Lithium to supply battery-grade lithium to BMW
(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, as companies look to shift towards greener…
Australian retail sales slow in June as prices jump
By Wayne Cole SYDNEY – Australian retail sales edged higher in June but missed market forecasts for the first time in several months, a sign soaring inflation and rising interest rates may…
Australian households well placed to absorb rising borrowing costs-RBA
SYDNEY – Australian households are generally well placed to absorb rising borrowing costs though more recent home buyers could be vulnerable with interest rates set to rise further in the months ahead,…
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 Allianz SE after finding the insurer has…
Australian business mood sours in June even as activity holds up
By Wayne Cole SYDNEY – A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity…
Australian stocks shed $172 billion in H1, analysts see more pain
By Shashwat Awasthi (Reuters) – Australian shares were set to lose a tenth of their market value in the first half of 2022, and analysts warned of more pain ahead from a…
Australian Tech Entrepreneur Sentenced To More Than 8 Years For Multimillion Dollar Consumer Fraud Scheme
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 and Russia, was sentenced to 98 months…
Spot Australian thermal coal has surged, but contract price is key: Russell
By Clyde Russell LAUNCESTON, Australia – The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the…
Australian consumers in a dark mood as inflation, rates bite
SYDNEY – A measure of Australian consumer sentiment slid for a seventh straight month to match pandemic lows in June amid an outsized rise in interest rates and surging inflation. The Westpac-Melbourne…
Australian banks slide further as RBA view raises housing market concerns
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 rate hike in 22 years earlier this…
Australian lenders lift variable mortgage rates after RBA hike
(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 bank surprised markets with its hawkish tone.…
Global gas crunch claims first Australian trading casualty
By Sonali Paul MELBOURNE – A gas seller that supplied 7% of the eastern Australian market has collapsed due to soaring global gas prices, the first significant casualty in the country from…
UK’s Johnson talks Ukraine, trade deal with new Australian counterpart
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 undermine global stability, Johnson’s spokesperson said on…
Analysis-New Australian govt looks to SE Asia as it deals with ‘difficult’ China relationship
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 its Pacific neighbours, as it navigates ties…
Australian prime minister concedes defeat in election
SYDNEY – Australian Prime Minister Scott Morrison said he had conceded defeat in a national election on Saturday, saying that while vote counting was incomplete the opposition Labor party looked likely to…
Australian billionaire Cannon-Brookes settles 11.3% stake buy in AGL Energy
(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 ($455.33 million) with J.P. Morgan. Cannon-Brookes, the…
Australian banks enter tech arms race as rising rates squeeze profit
By Byron Kaye SYDNEY – The 10-minute home loan – at the tap of a smartphone screen – is emerging as the next frontier in Australian banking as rising interest rates quash…
Australian Citizen Sentenced for Visa Fraud
ALBANY, NEW YORK – Paul J. Carter, also known as Paul Hamilton, and formerly known as Paul Cristallo, was sentenced today to time served (6 days in jail), and to pay a…
Australian consumers spooked by rate risk, inflation -survey
SYDNEY – Australian consumer sentiment took a nose dive last week as a shockingly high reading in inflation fuelled concerns about the cost of living and possible rise in interest rates, a…
Australian job ads dip 0.5% in April, still strong overall
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 unemployment to its lowest since the early…
Australian banks’ margin woes linger but rate hikes may lift view
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 growing competition, though the prospect of a…
Australian lender Westpac fined A$113 million for multiple compliance breaches
(Reuters) – An Australian court ordered Westpac Banking Corp to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across its businesses, after hearing the last of the six cases…
Australian banks gravitate to June for rate rise, ultimate peak unclear
By Wayne Cole SYDNEY – Most of Australia’s major banks now expect a rise in interest rates as early as June, though opinions on the pace of tightening and the peak point…
Australian retail sales jump in Feb, augur well for Q1 growth
By Wayne Cole SYDNEY – Australian retail sales beat forecasts again in February as shoppers defied storms and coronavirus waves to return to cafes and department stores for the second-best month ever…
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