Australia’s Domino’s Pizza plummets on withdrawing annual outlook, rating downgrades
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 fiscal 2024 outlook and its first-half profit…
Heavy rains in Australia’s east bring more pain to storm-hit residents
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 after the intense thunderstorms that hit the…
Australia’s NAB, Jarden Wealth combine NZ wealth & asset management units
(Reuters) – National Australia Bank said it had agreed to combine its New Zealand wealth advice and asset management unit with that of Jarden Wealth and Asset Management, forming a new entity…
Australia’s PM Albanese says migration intake must be ‘sustainable’
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 he flagged the release this week of…
Australia’s clean energy plan muddles $10.6 billion takeover fight for Origin
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 to accelerate the rollout of renewable energy,…
Australia’s Perth Mint agrees to comply with anti money-laundering laws
(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 laws after an external audit found compliance…
Australia’s home prices hit record high -CoreLogic
SYDNEY (Reuters) – Australian home prices have defied a substantial jump in interest rates to hit a record high, data from property consultancy CoreLogic showed on Thursday, a sign that monetary policy…
Australia’s central bank raises rates to 12-year high, tempers hawkish stance
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 it open on whether even more tightening…
Australia’s Albanese to highlight trade on China visit as ties warm
By Kirsty Needham SYDNEY (Reuters) – Prime Minister Anthony Albanese will highlight trade as an anchor for stabilising ties when he makes the first visit by an Australian leader to China in…
Australia’s NAB targets at least $633 million in lending to indigenous businesses
(Reuters) – National Australia Bank Ltd said on Wednesday it has set a new target to more than double its lending to indigenous businesses and communities to at least A$1 billion ($633.70…
Australia’s tight rental market forces tenants to make tough choices
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 point for affordability as tenants grapple with…
Australia’s Santos posts over 7% sequential rise in quarterly revenue
(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 higher prices. The country’s No. 2 independent…
Australia’s AMP hits over 2-month low on flagging fall in annual margins
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 for the rest of the year and…
Australia’s central bank saw upside risks to inflation at Oct policy meeting
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 warrant a move, though more would be…
Explainer-What is Australia’s Indigenous Voice to Parliament referendum?
By Praveen Menon SYDNEY (Reuters) – Australians will be asked to vote in a referendum on Oct. 14 to constitutionally recognise its Indigenous people through the establishment of a representative body that…
Release of journalist unlikely to shift Australia’s China policy
By Kirsty Needham SYDNEY (Reuters) – The release of an Australian journalist after three years in a Chinese prison should improve the atmosphere for a visit by Australia’s prime minister but won’t…
Factbox-The fragmented forces opposing Australia’s Indigenous referendum
By Byron Kaye SYDNEY (Reuters) – Australia is scheduled to hold a referendum on Oct. 14 to decide whether to create a constitutionally enshrined Indigenous advisory body to parliament, as requested by…
Australia’s $131 billion sovereign wealth fund chair will not seek another term
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 term, Treasurer Jim Chalmers said on Monday,…
Australia’s central bank sees risks mounting in global markets, China property
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 asset prices or a slowdown in China…
Australia’s Westpac fails to sell pacific banking business
(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 that was beset by regulatory problems. The…
Australia’s Computershare to sell US mortgage portfolio for $720 million
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, as the share registry company aims to…
Chilean miner Codelco gets access to books of Australia’s Lithium Power
(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 certainty the discussions will lead to a…
Australia’s Byron Bay limits Airbnb-like rentals amid housing crisis
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 up homes for residents amid a nationwide…
Pilots at Australia’s Qantas demand chair quit over scandals
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 have drawn fierce criticism from travellers, regulators,…
Australia’s Rex cuts flights, blames rivals including Qantas of ‘pillaging’ pilots
By Rishav Chatterjee (Reuters) – Australian airline Regional Express on Friday suspended more flights from Sydney and accused competitors such as Qantas Airways of “pillaging” its regional pilots, allegations which the flag…
Australia’s CBA, Tesla team up to support EV purchases
(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 (EV) purchases. Under the agreement, customers will…
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