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australia’s

Australia’s Westpac found guilty of misconduct in 2016 rate swap deal

January 30, 2024January 30, 2024
Australia's westpac found guilty of misconduct in 2016 rate swap deal - photo licensed by shore news network.

(Reuters) – Australia’s corporate regulator said on Wednesday that a court found Westpac engaged in unethical conduct while carrying out an A$12 billion ($7.88 billion) …

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Australia’s Domino’s Pizza plummets on withdrawing annual outlook, rating downgrades

January 24, 2024
Australia's domino's pizza plummets on withdrawing annual outlook, rating downgrades - photo licensed by shore news network.

By Himanshi Akhand (Reuters) – Shares in Australia’s Domino’s Pizza Enterprises posted a record drop on Thursday, after the retail food outlet operator withdrew its …

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Australia’s sovereign wealth fund grows on equity rally; cautious about rate cuts

January 22, 2024January 22, 2024

By Lewis Jackson SYDNEY (Reuters) -Australia’s sovereign wealth fund has cautioned against expecting rate cuts in Australia or the U.S. anytime soon after reporting on …

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Australia’s sharp inflation slowdown reinforces view RBA hike-cycle is over

January 9, 2024
Australia's sharp inflation slowdown reinforces view rba hike-cycle is over - photo licensed by shore news network.

By Stella Qiu SYDNEY (Reuters) – Australia’s inflation slumped to a near two-year low in November and core inflation also eased sharply, a softer-than-expected result …

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Heavy rains in Australia’s east bring more pain to storm-hit residents

January 1, 2024

SYDNEY (Reuters) – Heavy rains lashed parts of Australia’s east on Monday, triggering flash flooding, inundating roads and bringing more pain for some residents reeling …

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Australia’s NAB, Jarden Wealth combine NZ wealth & asset management units

December 13, 2023December 13, 2023
Australia's nab, jarden wealth combine nz wealth & asset management units - photo licensed by shore news network.

(Reuters) – National Australia Bank said it had agreed to combine its New Zealand wealth advice and asset management unit with that of Jarden Wealth …

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Australia’s PM Albanese says migration intake must be ‘sustainable’

December 8, 2023December 8, 2023
Australia's pm albanese says migration intake must be 'sustainable' - photo licensed by shore news network.

SYDNEY (Reuters) – Australia’s Prime Minister Anthony Albanese said on Saturday the country’s migration intake needed to be wound back to a “sustainable level”, as …

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Australia’s clean energy plan muddles $10.6 billion takeover fight for Origin

November 24, 2023
Australia's clean energy plan muddles $10. 6 billion takeover fight for origin - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) – The long-term value of hotly contested $10.6 billion takeover target Origin Energy has been muddied by a government plan …

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Australia’s Perth Mint agrees to comply with anti money-laundering laws

November 22, 2023
Australia's perth mint agrees to comply with anti money-laundering laws - photo licensed by shore news network.

(Reuters) -Australia’s Perth Mint said on Thursday it had entered into an agreement with the country’s financial intelligence agency to fully adhere to anti-money laundering …

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Australia’s home prices hit record high -CoreLogic

November 22, 2023
Australia's home prices hit record high -corelogic - photo licensed by shore news network.

SYDNEY (Reuters) – Australian home prices have defied a substantial jump in interest rates to hit a record high, data from property consultancy CoreLogic showed …

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Australia’s central bank raises rates to 12-year high, tempers hawkish stance

November 7, 2023
Australia's central bank raises rates to 12-year high, tempers hawkish stance - photo licensed by shore news network.

By Wayne Cole SYDNEY (Reuters) -Australia’s central bank raised interest rates to a 12-year high on Tuesday, ending four months of steady policy, but left …

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Australia’s Albanese to highlight trade on China visit as ties warm

November 3, 2023
Australia's albanese to highlight trade on china visit as ties warm - photo licensed by shore news network.

By Kirsty Needham SYDNEY (Reuters) – Prime Minister Anthony Albanese will highlight trade as an anchor for stabilising ties when he makes the first visit …

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Australia’s NAB targets at least $633 million in lending to indigenous businesses

October 31, 2023
Australia's nab targets at least $633 million in lending to indigenous businesses - photo licensed by shore news network.

(Reuters) – National Australia Bank Ltd said on Wednesday it has set a new target to more than double its lending to indigenous businesses and …

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Australia’s tight rental market forces tenants to make tough choices

October 29, 2023October 29, 2023
Australia's tight rental market forces tenants to make tough choices - photo licensed by shore news network.

By Stella Qiu SYDNEY (Reuters) – Australia’s red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be reaching a breaking …

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Australia’s Santos posts over 7% sequential rise in quarterly revenue

October 18, 2023
Australia's santos posts over 7% sequential rise in quarterly revenue - photo licensed by shore news network.

(Reuters) – Australia’s Santos Ltd on Thursday reported a 7.5% rise in third-quarter revenue from the preceding quarter, helped by increased crude oil volumes and …

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Australia’s AMP hits over 2-month low on flagging fall in annual margins

October 17, 2023
Australia's amp hits over 2-month low on flagging fall in annual margins - photo licensed by shore news network.

By Rishav Chatterjee (Reuters) – Shares in AMP touched a more than two-month low on Wednesday, after the Australian wealth manager flagged lower growth expectations …

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Australia’s central bank saw upside risks to inflation at Oct policy meeting

October 16, 2023
Australia's central bank saw upside risks to inflation at oct policy meeting - photo licensed by shore news network.

SYDNEY, Oct 17 (Reuters) – Australia’s central bank considered raising rates at its recent policy meeting but judged there was not enough new information to …

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Explainer-What is Australia’s Indigenous Voice to Parliament referendum?

October 12, 2023October 12, 2023
Explainer-what is australia's indigenous voice to parliament referendum? - photo licensed by shore news network.

By Praveen Menon SYDNEY (Reuters) – Australians will be asked to vote in a referendum on Oct. 14 to constitutionally recognise its Indigenous people through …

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Release of journalist unlikely to shift Australia’s China policy

October 12, 2023
Release of journalist unlikely to shift australia's china policy - photo licensed by shore news network.

By Kirsty Needham SYDNEY (Reuters) – The release of an Australian journalist after three years in a Chinese prison should improve the atmosphere for a …

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Factbox-The fragmented forces opposing Australia’s Indigenous referendum

October 12, 2023
Factbox-the fragmented forces opposing australia's indigenous referendum - photo licensed by shore news network.

By Byron Kaye SYDNEY (Reuters) – Australia is scheduled to hold a referendum on Oct. 14 to decide whether to create a constitutionally enshrined Indigenous …

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Australia’s $131 billion sovereign wealth fund chair will not seek another term

October 8, 2023

SYDNEY (Reuters) – The head of Australia’s A$206 billion ($131 billion) sovereign wealth fund had informed the Australian government he will not seek a third …

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Australia’s central bank sees risks mounting in global markets, China property

October 5, 2023
Australia's central bank sees risks mounting in global markets, china property - photo licensed by shore news network.

SYDNEY, Oct 6 (Reuters) – Australia’s economy is well placed to weather strains in global financial markets, though the risks of a “disorderly” slide in …

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Australia’s Westpac fails to sell pacific banking business

October 3, 2023
Australia's westpac fails to sell pacific banking business - photo licensed by shore news network.

(Reuters) – Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process …

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Australia’s Computershare to sell US mortgage portfolio for $720 million

October 3, 2023October 3, 2023

By Rishav Chatterjee (Reuters) -Australia’s Computershare said on Tuesday it was selling its U.S. mortgage services arm to asset manager Rithm Capital for $720 million, …

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Chilean miner Codelco gets access to books of Australia’s Lithium Power

September 27, 2023
Chilean miner codelco gets access to books of australia's lithium power - photo licensed by shore news network.

(Reuters) – Codelco will undertake due diligence on Australia’s Lithium Power International, the Chilean copper miner said on Thursday, but added that there is no …

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Australia’s Byron Bay limits Airbnb-like rentals amid housing crisis

September 26, 2023

SYDNEY (Reuters) – Popular Australian tourist destination Byron Bay will limit the availability of some properties for short-term holiday rentals, as authorities try to free …

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Pilots at Australia’s Qantas demand chair quit over scandals

September 25, 2023September 25, 2023
Pilots at australia's qantas demand chair quit over scandals - photo licensed by shore news network.

SYDNEY (Reuters) – A union for pilots employed by Australia’s Qantas Airways called for the company’s chairman to resign following a host of scandals that …

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Australia’s Rex cuts flights, blames rivals including Qantas of ‘pillaging’ pilots

September 22, 2023September 22, 2023
Australia's rex cuts flights, blames rivals including qantas of 'pillaging' pilots - photo licensed by shore news network.

By Rishav Chatterjee (Reuters) – Australian airline Regional Express on Friday suspended more flights from Sydney and accused competitors such as Qantas Airways of “pillaging” …

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Australia’s CBA, Tesla team up to support EV purchases

September 20, 2023September 20, 2023
Australia's cba, tesla team up to support ev purchases - photo licensed by shore news network.

(Reuters) – Commonwealth Bank of Australia on Wednesday said it has partnered with Tesla to allow the automaker’s customers to avail financing for electric vehicle …

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Australia’s measures to bolster energy security hits LNG industry

September 15, 2023September 15, 2023
Australia's measures to bolster energy security hits lng industry - photo licensed by shore news network.

SINGAPORE (Reuters) – The Australian government implemented a series of regulations and measures in the gas industry to meet domestic energy needs, manage soaring gas …

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Analysis-Strikes knock another leg out from under Australia’s LNG throne

September 15, 2023September 15, 2023
Analysis-strikes knock another leg out from under australia’s lng throne - photo licensed by shore news network.

By Emily Chow and Yuka Obayashi SINGAPORE/TOKYO (Reuters) – Long before labour unrest at liquefied natural gas (LNG) plants threatened to disrupt supplies, Australia was …

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Explainer-What can Australia’s labour tribunal do in Chevron’s dispute with LNG workers?

September 13, 2023September 13, 2023
Explainer-what can australia's labour tribunal do in chevron's dispute with lng workers? - photo licensed by shore news network.

By Lewis Jackson and Renju Jose SYDNEY (Reuters) – Chevron has asked Australia’s Fair Work Commission (FWC) to intervene in its dispute with workers on …

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Australia’s household spending rebounds in Aug in consumer resilience -CBA data

September 13, 2023September 13, 2023
Australia's household spending rebounds in aug in consumer resilience -cba data - photo licensed by shore news network.

SYDNEY (Reuters) – Australia’s household spending rebounded in August, led by gains in the education, transport and recreation categories, data from the Commonwealth Bank of …

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Australia’s Macquarie loses most in 2 weeks on tepid asset management outlook

September 5, 2023September 5, 2023
Australia's macquarie loses most in 2 weeks on tepid asset management outlook - photo licensed by shore news network.

(Reuters) – Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face …

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Australia’s Orora to buy Carlyle’s France-based Saverglass for $1.4 billion

September 4, 2023
Australia's orora to buy carlyle's france-based saverglass for $1. 4 billion - photo licensed by shore news network.

By Scott Murdoch and Poonam Behura SYDNEY (Reuters) -Australian packaging company Orora Ltd said on Tuesday it would buy French high-end glass bottle manufacturer Saverglass …

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Australia’s sovereign fund misses return target, says outlook choppy

August 29, 2023August 29, 2023
Australia's sovereign fund misses return target, says outlook choppy - photo licensed by shore news network.

By Lewis Jackson SYDNEY (Reuters) – Australia’s sovereign wealth fund missed its return target for the year to June and its chairman warned on Wednesday …

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Australia’s Star Entertainment swings to annual profit, debt falls

August 28, 2023August 28, 2023
Australia's star entertainment swings to annual profit, debt falls - photo licensed by shore news network.

(Reuters) – Australia’s Star Entertainment Group swung to an annual profit on Tuesday as operating conditions continued to stabilise and revenues improved across segments, also …

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Australia’s ANZ Group and Suncorp seek review of $3.2 billion deal block

August 25, 2023
Australia's anz group and suncorp seek review of $3. 2 billion deal block - photo licensed by shore news network.

(Reuters) -ANZ Group and Suncorp Group said on Friday that they have filed separate applications to seek a tribunal review after Australia’s competition regulator recently …

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Australia’s second-largest pension fund to open London office by mid-2024

August 25, 2023
Australia's second-largest pension fund to open london office by mid-2024 - photo licensed by shore news network.

By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment …

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U.S. insurance broker Marsh to buy Australia’s Honan

August 21, 2023August 21, 2023

(Reuters) – U.S. insurance broker Marsh, a unit of Marsh & McLennan, said on Sunday that it would acquire Australia’s Honan Insurance Group, it said …

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Woodside, unions remain at odds over wages at Australia’s largest LNG facility

August 16, 2023
Woodside, unions remain at odds over wages at australia's largest lng facility - photo licensed by shore news network.

SYDNEY (Reuters) -Woodside Energy said “positive progress” was being made on wage disputes at Australia’s largest liquefied natural gas (LNG) facility even as a union …

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Tough road ahead for Australia’s landmark Indigenous referendum as support dips

August 9, 2023August 9, 2023
Tough road ahead for australia’s landmark indigenous referendum as support dips - photo licensed by shore news network.

By Praveen Menon SYDNEY (Reuters) – A referendum to constitutionally recognise Australia’s Indigenous people would fail if held now, opinion polls out this week show, …

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Australia’s InvoCare agrees to revised $1.2 billion buyout offer from TPG

August 8, 2023

By Rishav Chatterjee (Reuters) -Australia’s InvoCare Ltd said on Wednesday it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing …

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Suncorp sees improvement in margins from insurance; annual cash earnings jump

August 8, 2023

(Reuters) -Australia’s Suncorp Group on Wednesday posted a sharp jump in full-year cash earnings and said it expects an improvement in margins in the medium …

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Australia’s Woodside to sell 10% stake in Scarborough to LNG Japan for $500 million

August 8, 2023
Australia's woodside to sell 10% stake in scarborough to lng japan for $500 million - photo licensed by shore news network.

By Himanshi Akhand (Reuters) -Woodside Energy Group said on Tuesday it had entered a deal with LNG Japan to sell a 10% participating interest in …

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Australia’s Downer EDI sees $253 million annual loss on impairment charge, shares slip

August 2, 2023

By Navya Mittal (Reuters) – Australian contractor Downer EDI said on Thursday it expected to record a statutory net loss after tax of about A$386 …

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Australia’s largest pension fund hires more staff in London

July 31, 2023

By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund, AustralianSuper, has appointed senior executives to its London office as part of the rapidly growing …

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Australia’s Pacific Current receives $388 million buyout offer from Regal Partners

July 26, 2023

(Reuters) – Australia’s Pacific Current Group received a non-binding buyout proposal from Regal Partners Ltd, which values the asset manager at A$573.5 million ($388.1 million), …

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Australia’s Wesfarmers to merge discount stores Kmart and Target

July 25, 2023

(Reuters) – Australian retail conglomerate Wesfarmers said on Tuesday it will merge the business units of its budget department store Kmart and discount retailer Target …

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Australia’s Westpac splits consumer and business banking unit into two

July 19, 2023
Australia's westpac splits consumer and business banking unit into two - photo licensed by shore news network.

(Reuters) – Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, …

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