Business
Australia’s Aware Super buys into US$1.3 billion US warehouse deal
The investment comprises three Los Angeles properties spanning about 2.8 million square feet of building area, the A$200 billion…
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Australias
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Singtel’s Optus served A$100 million fine by Australia’s Federal Court for “appalling” actions against disadvantaged consumers
The telco sold phones and contracts to over 400 such consumers, including those with mental disabilities and learning difficulties, or who…
Business
Australia’s central bank alert to risks over economic outlook: governor
Australia’s central bank will be on alert to the risk that economic outlook may change, but the flow of data has been roughly in line with…
Business
Australia’s multi-billion dollar energy link to Asia will focus on local data centres for now
The development is one of the most ambitious global efforts to supply power-hungry Asian economies that lack the land to generate enough…
Business
Australia’s sovereign wealth fund tops A$252 billion, reduces US portfolio
Australia’s sovereign wealth fund, the Future Fund, said on Tuesday its valuation had reached A$252 billion (S$213.2 billion) as it pared…
Business
Crypto finds gateway into Australia’s A$4.3 trillion pensions pot
Australia’s A$4.3 trillion (S$2.8 trillion) retirement system, long regarded as one of the world’s best-regulated savings pools, is…
Business
Australia’s Lynas posts over 90% fall in annual profit; to raise A$750 million
RALIA’S Lynas Rare Earths posted a more than 90 per cent fall in its full-year profit on Thursday, hurt by depreciation from its…
Business
Australia’s RBA signals more rate cuts ahead, pace undecided
Australia’s central bank board judged further policy easing would likely be needed over the coming year when it cut rates this month, and…
Business
Commonwealth Bank of Australia’s posts record full-year cash profit
ONWEALTH Bank of Australia reported its best full-year cash earnings and announced a record dividend payout on Wednesday, as strong growth…
Business
Australia’s central bank cuts rates to two-year low of 3.6%
Australia’s central bank on Tuesday cut its main cash rate by a quarter point to a two-year low of 3.60 per cent, citing a slowdown in…
Business
Australia’s central bank welcomes Q2 inflation data, deputy governor says
Australia’s second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on…
Business
Australia’s green bank makes record A$3.5b in clean energy investments
Australia’s green bank on Monday (Jul 28) said that it invested a record A$3.5 billion (S$2.9 billion) in clean energy projects and grid…
Business
How Australia’s Cannabis Industry Is Opening Doors
In just a few short years, Australia’s cannabis industry has evolved from a policy debate to a rapidly expanding medical industry. Now…
Business
Australia’s Insignia agrees to A$3.3 billion takeover by CC Capital, ending bidding war
RALIA’S Insignia Financial agreed on Tuesday to a A$3.3 billion (S$2.8 billion) all-cash takeover by investment manager CC Capital, ending…
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Australia’s Telstra to axe 550 roles in enterprise business overhaul
Telstra Group, Australia’s top telecom operator, said on Wednesday (Jul 9) that it plans to lay off 550 employees as part of an ongoing…
Business
Australia’s central bank keeps rates steady at 3.85%, stuns markets
Australia’s central bank on Tuesday (Jul 8) left its cash rate steady at 3.85 per cent, a shock for markets that had confidently wagered…
Business
Australia’s Star Entertainment gets last-minute extension on threatened casino deal exit
Australia’s Star Entertainment said it had secured a last-minute reprieve from Hong Kong investors who had threatened to abandon their…
Business
Australia’s Star casino shareholders approve A$300 million rescue package
Star Entertainment Group’s shareholders approved on Wednesday (Jun 25) an A$300 million (S$250 million) rescue package that will allow the…
Business
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two…
Business
Australia’s ASIC initiates probe into bourse operator ASX
RALIA’S securities regulator said on Monday that it has launched an investigation into Australian bourse operator ASX’s governance,…
Business
Australia’s ASX shares slide as regulator launches probe into ‘serious failures’
SHARES of Australian bourse operator ASX dropped on Monday after the country’s securities regulator launched an investigation into the…
Business
Australia’s Qantas to close low-cost arm Jetstar Asia
RALIAN flag carrier Qantas said on Wednesday it will close Jetstar Asia, the group’s Singapore-based low-cost unit, in a bid to recycle up…
Business
Australia’s WiseTech agrees to buy E2open for US$2.1 billion
The deal, which will be fully funded through a new US$3 billion debt facility underwritten by a syndicate of nine lenders Australian…
Business
Australia’s central bank cuts rates to two-year low of 3.85%
Australia’s central bank on Tuesday (May 20) cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global…