Tesla sues Australia’s Cap-XX over EV battery technology
By Blake Brittain (Reuters) – Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle …
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Australia’s Endeavour shares hit record low as poker machine regulations land
By Byron Kaye and Himanshi Akhand (Reuters) – Shares of Endeavour Group, Australia’s biggest pub owner, hit a record low on Monday after a surprise …
Factbox-Changes to Australia’s central bank following review
SYDNEY (Reuters) – Australia’s government announced on Friday that Michele Bullock, Deputy Governor at the Reserve Bank of Australia, will take over from Governor Philip …
Factbox-Potential candidates as next chief of Australia’s central bank
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank will not be reappointed for a second term as the Labor government seeks …
Federal court rules against Australia’s AMP in class action proceedings, shares tank
(Reuters) – Australia’s AMP Ltd tanked on Wednesday after the country’s federal court ruled against the wealth manager in class action proceedings that challenged the …
Factbox-Potential candidates as next chief of Australia’s central bank
By Wayne Cole SYDNEY (Reuters) – The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe …
Allegro says independent board to oversee PwC Australia’s government business
SYDNEY (Reuters) – Australian investment firm Allegro Funds said on Tuesday it would set up an independent board to oversee PwC Australia’s government practice business, …
Australia’s BNPL firm Zip to streamline cost and operations – official
(Corrects attribution in paragraph 5 to Zip’s ANZ CEO from Director for investor relations) (Reuters) -Australian buy-now-pay-later firm Zip Co is further streamlining its operations …
Australia’s consumer inflation hits 13-month low, adding to rate pause case
By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a …
Australia’s Telix Pharma hits record high after buying UK medical devices firm
(Reuters) – Telix Pharmaceuticals rose over 3% on Thursday to hit an all-time high, after the radiopharma company said it would acquire UK-based medical device …
Australia’s Perpetual says ‘tech outage’ affected some funds in cyber incident
(Reuters) – Australian Perpetual on Wednesday confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager …
Australia’s Regional Express warns of losses in fiscal 2023
(Reuters) – Australian airline Regional Express on Tuesday forecast an operational loss for fiscal 2023, citing a global shortage of pilots and engineers, as well …
Australia’s central bank hiked rates for fear inflation was becoming entrenched
SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation …
Australia’s central bank owes underpaid workers over $770,000
SYDNEY (Reuters) – Australia’s central bank will pay out just over A$1 million in back pay after an internal review found on Wednesday the bank …
Australia’s ANZ looks to expand lending to critical minerals sector
By Melanie Burton MELBOURNE (Reuters) – Australian lender ANZ Group is looking at opportunities to invest more in the critical minerals sector as part of …
Driver charged after Australia’s worst bus accident in decades kills 10 wedding guests
By Renju Jose SYDNEY (Reuters) -A man was charged with dangerous driving on Monday after at least 10 wedding guests were killed when the bus …
Australia’s largest pension fund freezes work with auditor PwC
By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” …
Australia’s Coles to take $17 million provision to compensate underpaid staff
(Reuters) – Australian No. 2 supermarket chain Coles Group Ltd said on Friday it would take an additional provision of A$25 million ($16.96 million) to …
Australia’s Indigenous recognition bill passes first hurdle
SYDNEY (Reuters) – Legislation to hold a referendum to recognise Australia’s Indigenous people in the constitution cleared its first parliamentary hurdle on Wednesday as it …
Australia’s central bank hiked in May due to inflation risks, more raises may be required
SYDNEY(Reuters) – Australia’s central bank decided to hike at its May meeting due to inflation risks from weak productivity growth, persistently high services inflation and …
Australia’s InvoCare gets higher $1.3 billion offer from TPG, shares jump
By Scott Murdoch and Himanshi Akhand (Reuters) -Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) …
Australia’s Allkem tops ASX 200 on $10.6 billion merger with Livent
By Archishma Iyer (Reuters) – Australian lithium producer Allkem surged more than 14% on Thursday after announcing a $10.6 billion merger with U.S- based Livent …
Australia’s exports to China hit record highs as barriers ease
SYDNEY (Reuters) – Australia’s exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry …
Australia’s NAB warns of end to windfall from rising rates
By Byron Kaye and Himanshi Akhand (Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, fell short of analyst forecasts in half-year profit …
Australia’s home prices rise again in sign of market bottom
SYDNEY (Reuters) – Australian home prices rose for a second straight month in April, in a further signal that the nation’s property market may have …
Factbox-Key recommendations in Australia’s review of the RBA
By Alasdair Pal SYDNEY (Reuters) – Australia on Thursday released its review of the Reserve Bank of Australia, the first external review of the central …
Australia’s Atlassian adds AI features to its teamwork software
By Anna Tong SAN FRANCISCO (Reuters) – Australian business software company Atlassian Corp PLC said on Wednesday it will introduce new artificial intelligence features such …
Australia’s AMP says Q1 fund outflows lower, credit quality strong
(Reuters) – Australian financial services firm AMP Ltd said on Wednesday net cash outflows for its flagship Australian wealth management business were 30% lower in …
Australia’s robust March employment suggests RBA may hike again
By Stella Qiu SYDNEY (Reuters) – Australia employment blew past expectations for a second month in March while the jobless rate held near 50-year lows, …
Newmont plumps final bid for Australia’s Newcrest to $19.5 billion
By Melanie Burton MELBOURNE (Reuters) -Newmont Corp laid down a best and final offer for Australia’s Newcrest Mining Ltd on Tuesday at A$29.4 billion ($19.5 …
Australia’s CBA, Westpac expect rate-hike pause in April; other top banks vary
(Reuters) – Commonwealth Bank of Australia (CBA) expects the country’s central bank to pull brakes next week on one of the most aggressive tightening cycles …
Australia’s Downer appoints new finance chief amid regulatory woes
(Reuters) -Australian contractor Downer EDI Ltd said on Tuesday Malcolm Ashcroft will become its chief financial officer from July, after Michael Ferguson earlier this month …
Australia’s biggest state to vote in close-run election
SYDNEY (Reuters) – Australia’s most populous state will vote for a new government on Saturday with most opinion polls showing a close-run election with the …
Australia’s central bank says bank stress just one consideration for rate policy
By Wayne Cole SYDNEY (Reuters) – A top Australian central banker on Monday said stress in the global banking system was mainly confined to a …
Australia’s biggest pension funds not doing enough on climate, activist investor says
SYDNEY (Reuters) – Australia’s five largest pension funds were not doing enough to push fossil fuel companies toward decarbonisation, activist investor group Market Forces said …
Australia’s ‘Big Four’ banks to hike home loan rates to match RBA move
(Reuters) – Australia’s so-called ‘Big Four’ banks said on Thursday they would pass on the central bank’s latest quarter-percentage point interest rate hike in full …
Australia’s Downer chairman departs amid NSW regulator probe
(Reuters) – Downer EDI Ltd said on Friday Chairman Mark Chellew has resigned and the Australian engineering contractor elected deputy Mark Menhinnitt as the acting …
Australia’s central bank pairs with industry on digital A$ projects
SYDNEY (Reuters) – Australia’s central bank is launching 14 pilot projects with the financial industry to develop real world applications for a digital Australian dollar, …
Australia’s home prices almost steadied in Feb, too early to call end to downturn-CoreLogic
By Stella Qiu SYDNEY(Reuters) – Australian home prices almost steadied in February as Sydney snapped a year-long losing streak, though analysts cautioned it was far …
Australia’s current account surplus widens sharply in Q4
SYDNEY (Reuters) – Australia’s current account surplus rose sharply in the December quarter as resource exports boomed and imports eased, providing a sizable fillip to …
Australia’s treasurer says curbing inflation remains economic ‘main game’
SYDNEY (Reuters) – Australia’s Treasurer Jim Chalmers said on Sunday that stubbornly-high inflation in the country has likely peaked, but conceded it remains a big …
Australia’s central bank abandoned pause option for Feb rate hike
SYDNEY, Feb 21 (Reuters) – Australia’s central bank, startled by the risk that inflation could prove stickier than previously thought, abandoned all thought of pausing …
Australia’s Magnis in deal with Tesla to supply graphite for electric vehicle batteries
(Reuters) – Australia’s graphite developer Magnis Energy on Tuesday said it has signed a binding offtake deal with Tesla Inc to supply battery anode materials …
Australia’s Westpac posts lower CET1 ratio as provisions rise
(Reuters) – Westpac Banking Corp said on Friday its common equity tier-1 ratio in the first quarter fell sequentially as the lender increased provisions for …
Australia’s NSW state orders coal miners to supply local plants
MELBOURNE (Reuters) – Australian coal miners including Glencore must set aside thousands of tonnes of coal for use by domestic power generators for a period …
Out of lockdown, Kmart pushes Australia’s Wesfarmers to higher profit
By Byron Kaye and Roushni Nair (Reuters) -Australia’s biggest listed conglomerate Wesfarmers Ltd booked a better-than-expected interim profit as a post-lockdown rebound at its Kmart …
Australia’s Fortescue FFI sees Texas potential among 5 key projects
MELBOURNE (Reuters) – Australia’s Fortescue Metals Group sees green hydrogen production in Texas as likely to be one of five key projects its energy division …
Australia’s iron ore giants face earnings, dividend plunge
By Himanshi Akhand and Melanie Burton BENGALURU/MELBOURNE (Reuters) – Australia’s iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep …
Australia’s Aurizon cuts earnings forecast on prolonged wet weather
(Reuters) – Australia’s Aurizon Holdings on Monday reported a 34% fall in its first-half underlying profit and slashed its annual core earnings forecast, as prolonged …
Australia’s top central banker to face lawmaker ire over rate hikes
SYDNEY (Reuters) – Australia’s top central banker will face a grilling at parliamentary hearings this week after surprising many with a hawkish turn on interest …