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…
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 billion) to close a deal that would…
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 in decades as data signalled signs of…
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 decided to step down. Ferguson’s exit was…
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 opposition centre-left Labor party ahead of 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 small number of poorly managed banks and…
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 on Wednesday, arguing their environmental commitments could…
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 to their home loan customers. The move…
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 chairman. The resignation follows a public inquiry…
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, with the focus on business use rather…
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 too early to call an end to…
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 economic growth. Data from the Australian Bureau…
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 economic challenge. Inflation is running at a…
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 at its February policy meeting and signalled…
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 for a minimum three-year term beginning February…
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 bad debts. The bank did not disclose…
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 of 15 months under the New South…
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 chain offset a sluggish performance from its…
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 will decide to invest in this year,…
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 drop in their earnings, which is set…
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 wet weather and a derailment dented the…
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 rate hikes that are adding to already…
Australia’s IAG cash earnings jump 27% on growth across key businesses, dividend steady
(Reuters) – Insurance Australia Group reported a 26.7% jump in its first-half cash earnings on Monday, boosted by volume growth across its key businesses that helped offset the ongoing impact of higher…
Australia’s four biggest banks fully pass on central bank rate hike
(Reuters) – Commonwealth Bank of Australia and Westpac Banking Corp followed their two main rivals on Thursday in saying they would fully pass on to customers the 0.25 percentage point interest rate…
Barrick rules out rival bid for Australia’s Newcrest – Bloomberg
MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect…
Australia’s CBA simplifies financial reporting after sale of wealth management unit
(Reuters) – Commonwealth Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last year. The…
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