Australia’s RBA looking for opportunities to slow rate hikes
SYDNEY (Reuters) – A top Australian central banker said on Wednesday monetary policy was not yet restrictive despite five rate rises in as many months, but the bank was looking…
SYDNEY (Reuters) – A top Australian central banker said on Wednesday monetary policy was not yet restrictive despite five rate rises in as many months, but the bank was looking…
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money…
SYDNEY (Reuters) – Robust commodity prices have helped narrow Australia’s budget deficit for the last fiscal year by about A$50 billion ($34 billion), Treasurer Jim Chalmers said on Tuesday, highlighting…
SYDNEY (Reuters) – Australia’s central bank raised its cash rate 50 basis points to 2.35% on Tuesday and left the door open for more tightening ahead as it seeks to…
SYDNEY (Reuters) – Afterpay, the Australian payments firm bought by Jack Dorsey’s Block Inc, and Australia’s Westpac Banking Corp ended a partnership after the firm cancelled a smartphone app it…
(Reuters) – Australia’s Lynas Rare Earths posted a record more than three-fold jump in annual profit on Friday, boosted by soaring demand for the specialized metals it mines amid a…
(Reuters) – Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese…
(Reuters) – Australian building materials giant James Hardie Industries Plc said on Thursday it was in the final stages of selecting a new chief executive officer and expects to appoint…
SYDNEY – Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what…
(Reuters) – Australia’s Star Entertainment Group Ltd said on Friday its annual revenue would dip from year-ago levels, pulled down by long spells of operating restrictions, pandemic-led border closures and…
SYDNEY – Australia’s parliament sat on Tuesday in Canberra for the first time since Labor won office in an election that also saw the Greens party win record seats, reflecting…
By Wayne Cole SYDNEY – Australia’s top central banker on Wednesday indicated a steady drum beat of interest rate rises were needed to stop a damaging inflationary cycle developing, and…
(Reuters) – Australia’s Lynas Rare Earths Ltd on Monday posted a 58% rise in quarterly revenue as the miner of essential metals cashed in on soaring global demand for greener…
(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate…
(Reuters) – Shares of Brambles Ltd rose to their highest in almost seven weeks on Friday, as investors cheered a decision by the Australian firm to scrap investment in a…
(Reuters) – Australia’s Austal Ltd said on Friday it secured a $3.3 billion contract to design and construct 11 offshore patrol cutters (OPC) for the United States Coast Guard. The…
By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to…
(Reuters) – Lithium producer Sayona Mining and its U.S.-based partner Piedmont Lithium Inc approved restart of their spodumene plant in Canada at a cost of C$98 million ($76.19 million), the…
By Sonali Paul MELBOURNE – Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian…
By Praveen Menon and Byron Kaye SYDNEY – Australia’s sex discrimination commissioner has called for urgent changes in the country’s mining industry after a state government report found that sexual…
By Praveen Menon and Byron Kaye SYDNEY – An Australian state government inquiry into abuse in the mineral-rich west has found the mining industry perpetuated a culture that led to…
SYDNEY – The head of Australia’s central has warned inflation is set to rise much higher than expected just a month ago and policy needs to respond in a “decisive”…
By Wayne Cole SYDNEY – A recent spike in Australia’s energy prices is threatening to keep inflation higher for longer, a major reason policymakers this week felt compelled to hike…
SYDNEY -Australia’s new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in consumer…
(Reuters) – Australian bourse operator ASX Ltd on Thursday appointed internal candidate Helen Lofthouse as its first female chief executive officer, replacing Dominic Stevens. Lofthouse, who will be starting her…