Australia’s new Treasurer argues for minimum wage rise as energy costs spike
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 …
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Australia’s Fortescue pursues quantum leap in green hydrogen quest
By Dmitry Zhdannikov DAVOS, Switzerland – Fortescue Metals Group is funding research by a quantum computing venture into ways to produce cheap and abundant green …
Australia’s housing boom to deflate as mortgage rates rise: Reuters poll
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 meeting with Biden, Australia’s Albanese recalls colourful first trip to U.S
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 …
Australia’s Woolworths offers to buy majority stake in MyDeal.com
(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 …
Australia’s economy holds plenty of pitfalls for election winner
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, …
Barclays bumps up stake in Australia’s Barrenjoey Capital
(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 …
Australia’s Morrison vows more empathy if re-elected PM
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 …
Australia’s #MeToo puts miners and ministers in crosshairs of history
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 …
Australia’s Albanese banks on working class brand to restore Labor to power
By Byron Kaye SYDNEY – When Australian opposition leader Anthony Albanese was only 12 years old, he says, he helped to organise a rent strike …
Australia’s central bank drastically raises inflation forecasts, flags more rate hikes
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 …
Australia’s central bank enters political minefield as rate hike nears
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, …
Australia’s CBA Chair Livingstone to retire, O’Malley named replacement
(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 …
Australia’s Whitehaven Coal output falls on labour crunch
(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 …
Australia’s CBA rebuffs reports of partnership with crypto trading platform
(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 …
Australia’s Rio Tinto exits state mining lobby amid climate rift
(Reuters) – Rio Tinto, one of the largest Australian mining companies, on Thursday confirmed its exit from the state mining lobby group after raising concerns …
Australia’s Lynas posts record revenue on strong demand for rare earths
(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 …
Australia’s Westpac unit penalised for charging incorrect insurance fees
(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 …
Australia’s Graincorp raises profit view on Ukraine conflict-led shortage
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, …
Australia’s Virtus Health considers revised bid from BGH in takeover battle with CapVest
By Riya Sharma and Sameer Manekar (Reuters) – Australian fertility services provider Virtus Health said on Wednesday it will consider a revised buyout offer from …
Regulator to launch disciplinary action against Australia’s Crown Resorts
(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 …
Australia’s central bank gets first female deputy governor
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 …
Australia’s Qantas aims to cut carbon emissions 25% by 2030
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 …
Australia’s Star Entertainment to defend class action over ‘deceptive conduct’
(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, …
Australia’s central bank still patient on policy despite inflation shock
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 …
Australia’s vaccine diplomacy in Pacific islands wards off Beijing – PM Morrison
SYDNEY – Australia has been able to stop an “incursion” by Beijing into the Pacific islands by talking with leaders there weekly and offering vaccine …
Australia’s Macquarie to launch offshore wind energy business
– Australian financial conglomerate Macquarie Group’s green investment unit said on Thursday it would launch an offshore wind energy business, with operations set to start …
Australia’s Core Lithium enters into supply deal with Tesla, shares jump
– Australia’s Core Lithium Ltd on Wednesday entered into an agreement with Tesla Inc to supply the U.S. electric car maker with lithium spodumene, sending …
Australia’s Q4 GDP looking even stronger as trade surprises
By Wayne Cole SYDNEY – Australia’s trade performance last quarter was much less of a drag on the economy than first thought implying upside risk …
Australia’s CBA to sell 10% stake in Bank of Hangzhou for $1.31 billion
– Commonwealth Bank of Australia, the country’s No. 1 lender, said it would sell a 10% stake of China’s Bank of Hangzhou for about A$1.8 …
Australia’s home price boom slows, Sydney takes a rare dip
By Wayne Cole SYDNEY – Australian home prices extended their long ascent in February, though Sydney saw the first dip in 17 months as a …
Australia’s Lynas posts record profit on rare earths demand
– Australia’s Lynas Rare Earths Ltd posted a record first-half profit on Friday, helped by a surge in demand for the minerals used in electric …
Australia’s central bank to rejig market liquidity operations
SYDNEY – Australia’s central bank is shaking up the way it provides liquidity to the banking system as it ceases quantitative easing and prepares for …
Australia’s Zip sees HY loss as fiscal stimulus money dries up in United States
– Australian payments firm Zip Co on Monday forecast a bigger half-year loss than analysts’ expectation, citing lower consumer spending in the United States as …
Australia’s central bank has goals in sight, just waiting on wages
By Wayne Cole SYDNEY – Australia’s central bank is closer to meeting its economic goals than it has been for years, but is prepared to …
Australia’s IAG cash earnings slump 62% as natural hazard claims surge
– Insurance Australia Group beat profit and dividend estimates on Friday for the first half, even as higher claims tied to natural disasters, including severe …
Australia’s Boral to return A$3 billion to shareholders, shares rise
– Building material maker Boral Ltd will return A$3 billion ($2.12 billion) to its shareholders using mostly proceeds from the sale of several North American …
Australia’s central bank ends bond buying, in no rush to hike rates
By Wayne Cole SYDNEY – Australia’s central bank kept its cash rate at a record low of 0.1% on Tuesday and ended its A$275 billion …
World’s Top-Ranked Tennis Star Faces Deportation Again Over Australia’s COVID-19 Policy
Australia’s immigration minister canceled the visa of unvaccinated tennis star Novak Djokovic for a second time on Friday, the minister said. Djokovic’s visa was reinstated …