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…
Australia’s housing prices fall for ninth straight month – CoreLogic
By Stella Qiu SYDNEY (Reuters) – Australia’s house prices extended declines for the ninth straight month in January amid high mortgage rates, a drag on household wealth that will further erode consumer…
Australia’s central bank considered pausing hikes at Dec meeting, still sees more ahead
SYDNEY, Dec 20 (Reuters) – Australia’s central bank considered leaving interest rates unchanged at its December policy meeting, citing the lagged effects of the aggressive tightening delivered so far and the benefits…
Australia’s housing crisis, largely hidden, is getting worse
By Stella Qiu and Praveen Menon CAMPBELLTOWN, Australia (Reuters) – Belinda has applied for more than 100 rental homes in the past year and been rejected every time. The 39-year-old Australian single…
Australia’s sovereign wealth fund buys gold, commodities as shadow of 1970s looms
By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will echo the…
Australia’s ANZ shareholders vote to amend corporate holding structure
(Reuters) – Australia and New Zealand Banking Group said on Thursday its shareholders voted to establish a new holding company to separate its banking and non-banking businesses into two different groups. The…
Australia’s Big Four banks pass central bank rate hike to home loan customers
(Reuters) – All of Australia’s “big four” banks said on Tuesday they will raise their home loan rates by a quarter-point, passing on the central bank’s eighth rate hike in as many…
Australia’s top central banker apologises for past rate guidance
SYDNEY (Reuters) – The head of Australia’s central bank on Monday apologised to people who regretted taking out mortgages last year based on his guidance that interest rates were unlikely to rise…
Progressives returned for third term in Australia’s Victoria state
SYDNEY (Reuters) -The progressive government of Australia’s Victoria state won re-election on Saturday, clearing the way for spending on infrastructure, education and healthcare. After eight years in power in the country’s second-most…
Australia’s central bank to limit forward guidance on interest rates
Australia’s central bank intends to limit its use of forward guidance on policy after its usage during the pandemic drew criticism when rates were raised much earlier than previously envisaged. In a…
Australia’s CBA Q1 profit jumps on lending growth, rising interest rates
By Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by lending growth and rising interest rates. Australian…
Australia’s ‘Big Four’ banks lift home loan rates to match central bank move
(Reuters) – Australia’s ‘Big Four’ banks will raise their home loan rates by 25 basis points this month, they said on Tuesday, passing on the full quarter-point interest rate hike announced by…
Australia’s central bank says ready to go faster or pause on rate hikes as needed
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank on Tuesday said further increases in interest rates would likely be needed to tame inflation, and it was ready to…
Australia’s NAB hikes home loan rate by 25 bps, matching central bank
(Reuters) – National Australia Bank Ltd on Tuesday said it will hike its standard variable home loan interest rate by 25 basis points (bps) per annum from end of next week, matching…
Australia’s Westpac sees $824 million hit in second half from unit sale
(Reuters) – Australia’s Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be reduced by A$1.3 billion ($824 million) after tax, citing a loss on…
More severe weather forecast for Australia’s southeast amid flood crisis
SYDNEY (Reuters) – Australia’s weather forecaster predicted heavy rain for large swaths of country’s flood-hit south and east on Sunday as a flood crisis continues in the two most populous states. The…
Australia’s top banks eye payments firm Tyro as housing market cools
By Shashwat Awasthi and Byron Kaye (Reuters) -Three of Australia’s biggest banks are considering a bid for payment terminals firm Tyro, underscoring the importance of new revenue streams as rising interest rates…
Heavy rain eases in Australia’s east, flood threats remain
SYDNEY (Reuters) – Heavy rains eased across Australia’s east on Monday, a slight relief for flood-weary residents but authorities warned another intense weather system could hit several inland regions bringing more downpours…
Australia’s Magellan says $1 billion outflow due to client liquidity issue
SYDNEY (Reuters) – Australian fund manager Magellan Financial Group said a big client had redeemed about $1 billion in September to satisfy liquidity requirements as markets reeled late in the month, sending…
Australia’s Optus says ‘deeply sorry’ for cyberattack
MELBOURNE (Reuters) – Australia’s second-largest telcoms firm Optus, owned by Singapore Telecommunications, on Saturday ran a full-page apology in major newspapers for a “devastating” cyberattack 10 days ago and pointed affected customers…
Analysis-Slots to smartphones: pandemic sends Australia’s gambling problem online
By Byron Kaye and Praveen Menon SYDNEY (Reuters) – For Rhys Wareham, a coffee industry technician from Sydney, the start of COVID-19 lockdowns in 2020 did not just mean staying home, but…
Australia’s Star Entertainment keen to operate Sydney casino ‘under supervision’
(Reuters) – Star Entertainment Group on Tuesday accepted the findings of an inquiry that stated the casino operator unfit to hold a licence in Sydney, but said it should be permitted to…
Australia’s RBA looking for opportunities to slow rate hikes
SYDNEY (Reuters) – A top Australian central banker said on Wednesday monetary policy was not yet restrictive despite five rate rises in as many months, but the bank was looking for opportunities…
Australia’s central bank has equity wiped out by billions in bond losses
By Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Wednesday said its equity had been wiped out by losses suffered on pandemic-era bond buying, but its ability to create money meant it…
Robust commodity prices helps narrow Australia’s budget deficit
SYDNEY (Reuters) – Robust commodity prices have helped narrow Australia’s budget deficit for the last fiscal year by about A$50 billion ($34 billion), Treasurer Jim Chalmers said on Tuesday, highlighting that most…
Australia’s central bank hikes by 50 bps, signals more ahead
SYDNEY (Reuters) – Australia’s central bank raised its cash rate 50 basis points to 2.35% on Tuesday and left the door open for more tightening ahead as it seeks to restrain surging…
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