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…
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 validity of some of the changes to…
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 or replace him. Here’s a list of…
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, which it bought last month, and committed…
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 and cost base following a recent review,…
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 measure of core inflation also cooled in…
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 firm Lightpoint Medical. Telix had entered an…
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 reaffirmed that all its client investments and…
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 as significantly lower business travel in May…
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 did not become embedded in wage and…
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 had systematically underpaid more than a thousand…
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 its efforts to support decarbonisation and has…
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 they were travelling in crashed at a…
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” firm reels from a national scandal over…
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 compensate underpaid salaried employees. Coles said in…
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 was passed in the House of Representatives.…
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 faster-than-forecast rental increases, saying more rate rises…
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) offer from global private equity firm TPG…
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 to create the third-largest producer of the…
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 and lowered barriers to thermal coal shipments…
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 released on Thursday and took a hit…
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 hit a floor ahead of a central…
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 bank and the operation of monetary policy…
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 as meeting summarization notes and a chatbot…
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 the March quarter, while the banking unit’s…
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, an unambiguously strong report that suggests the…
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