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 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 billion ($1.31 billion), exiting a nearly two-decade-old…
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 rush of supply, rising mortgage rates and…
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 vehicles amid a global push for reducing…
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 the day when it will eventually raise…
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 fiscal stimulus money dries up. The downbeat…
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 be patient on policy as wage growth…
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 storms and hail last October, led to…
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 businesses that helped it refocus on the…
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 ($194.40 billion) bond buying campaign as expected,…
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 on Monday by Judge Anthony Kelly, but…
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