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…
Jack Dorsey’s Block ends Afterpay smartphone tie-up with Australia’s Westpac
SYDNEY (Reuters) – Afterpay, the Australian payments firm bought by Jack Dorsey’s Block Inc, and Australia’s Westpac Banking Corp ended a partnership after the firm cancelled a smartphone app it was running…
Australia’s Lynas posts record profit on solid rare earths demand
(Reuters) – Australia’s Lynas Rare Earths posted a record more than three-fold jump in annual profit on Friday, boosted by soaring demand for the specialized metals it mines amid a global push…
Australia’s Treasury Wine posts higher profit on U.S. sales, price hikes
(Reuters) – Treasury Wine Estates Ltd posted a 5.3% rise in annual profit on Thursday, as strong U.S. sales and price hikes more than offset a hit from hefty Chinese tariffs on…
Australia’s James Hardie to name new CEO in next 30 days
(Reuters) – Australian building materials giant James Hardie Industries Plc said on Thursday it was in the final stages of selecting a new chief executive officer and expects to appoint one in…
Australia’s central bank launches digital currency project
SYDNEY – Australia’s central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic…
Australia’s Star Entertainment flags lower revenue on COVID, regulatory costs
(Reuters) – Australia’s Star Entertainment Group Ltd said on Friday its annual revenue would dip from year-ago levels, pulled down by long spells of operating restrictions, pandemic-led border closures and high regulatory…
Climate change in focus as Australia’s parliament opens
SYDNEY – Australia’s parliament sat on Tuesday in Canberra for the first time since Labor won office in an election that also saw the Greens party win record seats, reflecting Australians’ concern…
Australia’s central bank sees more rate rises, welcomes government review
By Wayne Cole SYDNEY – Australia’s top central banker on Wednesday indicated a steady drum beat of interest rate rises were needed to stop a damaging inflationary cycle developing, and suggested rates…
Australia’s Lynas fourth-quarter revenue jumps on soaring rare earths demand
(Reuters) – Australia’s Lynas Rare Earths Ltd on Monday posted a 58% rise in quarterly revenue as the miner of essential metals cashed in on soaring global demand for greener sources of…
Australia’s ‘big four’ banks pass on full 50 bp variable mortgage rate hike
(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate hike in…
Australia’s Brambles shares jump after dropping plastic pallet investment
(Reuters) – Shares of Brambles Ltd rose to their highest in almost seven weeks on Friday, as investors cheered a decision by the Australian firm to scrap investment in a plastic pallets…
Australia’s Austal secures $3.3 billion contract from U.S. Coast Guard
(Reuters) – Australia’s Austal Ltd said on Friday it secured a $3.3 billion contract to design and construct 11 offshore patrol cutters (OPC) for the United States Coast Guard. The shipbuilder now…
Australia’s big banks hike fixed-rate home loans amid rising interest rates
By Byron Kaye SYDNEY – Two of Australia’s biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to pressure on…
Australia’s Sayona, partner approve restart of Quebec lithium plant operation
(Reuters) – Lithium producer Sayona Mining and its U.S.-based partner Piedmont Lithium Inc approved restart of their spodumene plant in Canada at a cost of C$98 million ($76.19 million), the Australian company…
Analysis: Up-ended global LNG markets deepen Australia’s power woes
By Sonali Paul MELBOURNE – Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and…
Australia’s sex discrimination commissioner calls for urgent change in mining sector
By Praveen Menon and Byron Kaye SYDNEY – Australia’s sex discrimination commissioner has called for urgent changes in the country’s mining industry after a state government report found that sexual harassment and…
Factbox: Australia’s inquiry into sexual harassment in mining
By Praveen Menon and Byron Kaye SYDNEY – An Australian state government inquiry into abuse in the mineral-rich west has found the mining industry perpetuated a culture that led to women being…
Australia’s central bank warns inflation too high, ‘decisive’ action needed
SYDNEY – The head of Australia’s central has warned inflation is set to rise much higher than expected just a month ago and policy needs to respond in a “decisive” manner, which…
Australia’s energy woes deliver inflationary shock to RBA
By Wayne Cole SYDNEY – A recent spike in Australia’s energy prices is threatening to keep inflation higher for longer, a major reason policymakers this week felt compelled to hike interest rates…
Australia’s new PM backs wage hike to ease inflation pain
SYDNEY -Australia’s new centre-left Labor government on Friday proposed raising the minimum wage to ease the financial burden on families hit by soaring energy prices and a spike in consumer price inflation.…
Australia’s ASX appoints Helen Lofthouse as first female chief
(Reuters) – Australian bourse operator ASX Ltd on Thursday appointed internal candidate Helen Lofthouse as its first female chief executive officer, replacing Dominic Stevens. Lofthouse, who will be starting her new role…
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 looming spike in energy prices threatens to…
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 hydrogen as part of the Australian mining…
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 2023 as a cost-of-living crisis worsens…
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 a mock walk-out as the Labor Party…
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