SYDNEY – Australia’s new Treasurer on Wednesday said he wanted to see minimum wages rise fast enough to keep pace with surging inflation, as a looming spike in energy prices…
By Dmitry Zhdannikov DAVOS, Switzerland – Fortescue Metals Group is funding research by a quantum computing venture into ways to produce cheap and abundant green hydrogen as part of the…
By Vivek Mishra BENGALURU – Rampant rises in Australian house prices will grind almost to a halt this year, and an 8% decline is expected in 2023 as a cost-of-living…
SYDNEY – Australia’s Prime Minister Anthony Albanese held his first meeting as leader with U.S. President Joe Biden on Tuesday, prompting Biden to jokingly stage a mock walk-out as the…
(Reuters) – Australia’s Woolworths Group on Friday offered to buy 80% stake in online retailer MyDeal.com, as it looks to take on major internet retail giants operating in the country…
By Wayne Cole SYDNEY – Whichever party takes the reins of power at Australia’s election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising…
(Reuters) – Britain’s Barclays Plc said on Wednesday it had nearly doubled its stake in Barrenjoey Capital Partners to help expand the Australia-based investment banking boutique’s business. The move comes…
SYDNEY – Australian Prime Minister Scott Morrison promised on Saturday to be more empathetic if he wins re-election, as his government continues to trail the opposition Labor Party a week…
By Byron Kaye and Praveen Menon SYDNEY – Australia’s mighty #MeToo wave is piling pressure on mining and political leaders who are preparing to face a reckoning over sexual harassment…
By Byron Kaye SYDNEY – When Australian opposition leader Anthony Albanese was only 12 years old, he says, he helped to organise a rent strike that kept his mother’s public…
SYDNEY – Australia’s central bank on Friday drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the country’s cost of living crisis…
By Wayne Cole SYDNEY – Australia’s central bank is in a bind as it contemplates its first interest rate increase in more than a decade, with its decision set to…
(Reuters) – Commonwealth Bank of Australia, the country’s No.1 lender, said on Wednesday that Chair Catherine Livingstone would retire in August after more than five years in the role. She…
(Reuters) – Australia’s Whitehaven Coal Ltd reported a 5% drop in third-quarter production on Wednesday as adverse weather and a labour shortage worsened by COVID-19 dented output. The country’s largest…
(Reuters) – Commonwealth Bank of Australia warned of a fake news article doing rounds on social media platforms alleging the country’s No. 1 lender to have partnered with a cryptocurrency…
(Reuters) – Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns that its policy on expansion…
(Reuters) -Australia’s Lynas Rare Earths on Tuesday posted a record quarterly revenue as demand for the specialized metals it mines surged amid a global push to electrify vehicles and curb…
(Reuters) – Australia’s Federal Court on Friday ordered lender Westpac Banking Corp’s superannuation agent to pay A$20 million ($14.96 million) in penalty for incorrect insurance charges. The court said BT…
By Harshita Swaminathan (Reuters) – Graincorp said on Friday it expects underlying profit for fiscal 2022 to be around 2.5 times that of last year, as the Australian agribusiness firm…
By Riya Sharma and Sameer Manekar (Reuters) – Australian fertility services provider Virtus Health said on Wednesday it will consider a revised buyout offer from minority owner BGH Capital, weeks…
(Reuters) – The Victorian gambling regulator will launch disciplinary action and can impose fines of up to A$100 million ($75.82 million) on Crown Resorts after an inquiry found the Australian…
SYDNEY -The Australian government on Friday appointed a woman as second in command at the country’s central bank, the first female to hold the position in the bank’s 62-year history…
By Jamie Freed SYDNEY -Qantas Airways Ltd plans to reduce carbon emissions by about 25% by 2030, in part by boosting sustainable aviation fuel to 10% of its fuel mix…
(Reuters) – Australia’s Star Entertainment Group faces a class action over allegations that it failed to comply with disclosure requirements, the company said on Wednesday, amid a public inquiry into…
By Wayne Cole SYDNEY – Australia’s central bank remains prepared to be patient on raising interest rates as it waits for wage growth to pick up, though it warned a…