Category: Australia
-
Australia shoppers lured by discounts, shore up economy in 4Q
•
By Wayne Cole Sydney (Reuters) – Australian retail sales decreased in December, when they are proud of the black Friday in the previous month, but the opponent helped the shoppers to make an urgent contribution to economic growth throughout the entire fourth quarter. The Australian Statistical Office (ABS) data showed…
-
Australia Braces for Life-Threatening Floods as Six Storms Brew
•
Bread path links PMN Business Six storms around Australia and its regions are expected to boost the coming days, as one system is likely to lead to life floods in the north of the country and at least three others a moderate opportunity to form tropical hurricanes by Monday. The…
-
Australia Inflation May Decide RBA Rate Cut and Election Timing
•
Links to the movement of mobility BMN Business Australian quarterly inflation data this week may be decisive whether the reserve bank will finally start in a cash dilution course soon, and thus helps in determining the timing of the elections scheduled by May 17. Article author: Bloomberg News Swati Bandy…
-
ASIC Targets Binance Australia Over Landmark Case In Crypto Regulation
•
Recent action taken by the Australian Securities and Investments Commission (ASIC) against Binance Australia It represents a major advance in the regulation of cryptocurrencies. The cryptocurrency community is disbelieving over the issue, which will likely have a lasting impact on how cryptocurrencies are governed in Australia and other countries. ASIC’s…
-
ASIC Targets Binance Australia Over Groundbreaking Case in Crypto Regulation
•
Recent action taken by the Australian Securities and Investments Commission (ASIC) against Binance Australia It represents a major advance in the regulation of cryptocurrencies. The cryptocurrency community is disbelieving over the issue, which will likely have a lasting impact on how cryptocurrencies are governed in Australia and other countries. ASIC’s…
-
Australia Names Fry-McKibbin, Baker to RBA’s Monetary Board
•
Breadcrumb links BMN Business Australia has appointed Rene Fry McKibben, who was involved in the review of the central bank, and former Bendigo and Adelaide Bank chief executive Marnie Baker to the Reserve Bank’s new monetary policy committee. Article writer: Bloomberg News Swati Pandey and Ben Westcott Posted on December…
-
Canadian North Resources Announces Participation in the 2024 International Mining and Resources Conference in Sydney, Australia
•
This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on October 17, 2024 • 4 minutes…
-
Australia stocks higher at close of trade; S&P/ASX 200 up 0.47% By Investing.com
•
Investing.com – Australian shares rose after the close on Monday, as gains in the equities sector led shares higher. At the close in Sydney, the index rose by 0.47%. The best performers of the session were Abyan Limited (ASX:), which rose 8.29%, or 0.18 points, to 2.35 at close. Meanwhile,…
-
Reserve Bank of Australia Holds the Cash Rate at 4.35%
•
The Reserve Bank of Australia today left its cash rate target unchanged at 4.35%, sticking to its hawkish stance on inflation while acknowledging economic uncertainty. The decision was widely expected by market participants, as explained and forecasted in Babypips.com’s event guide. Key points from the RBA statement: Inflation remains above…
-
Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
•
Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
-
Australia preliminary Sept PMI: Manufacturing 46.7 (prior 48.5) Services 50.6 (prior 52.5)
•
The preliminary Australian manufacturing PMI from S&P Global Platts slips deeper into contraction at 46.7 Services decline but remain in expansion at 50.6 The composite index declined due to a decline in the manufacturing PMI, with the composite index recording 49.8. Summary of the report commentary: Manufacturing sector shrinks, registering…
-
U.S. ranks worst, Australia best in 2024 survey of health care systems
•
The U.S. health care system is in a unique category, according to a new analysis of health system performance in 10 high-income countries — but in a devastating way. Americans are living sicker lives and dying younger, according to a report by Commonwealth Fundan independent healthcare research company. Mirror, Mirror…
-
More on the failed changes at the Reserve Bank of Australia
•
Here are some news headlines on this topic from earlier: Proposed changes to RBA board fail In addition to some details, quoted from Reuters news agency: The reforms, recommended by an independent review last year, included the creation of a separate governance board to complement the existing monetary policy board.…
-
Australia August Manufacturing PMI 48.5 (prior 47.5)
•
Australia – Judo Bank/S&P Global Manufacturing PMI for August 2024, comes in at three-month high of 48.5 Previous 47.5 Quick read here: Australia PMI Flash August: Manufacturing 48.7 (previous 47.5) Services 52.2 (previous 50.4) Comment on the report, in summary: Not a manufacturing recession, but a prolonged soft landing. Capacity…
-
Guide To Crypto Regulation In Australia : 2024 Updated
•
Crypto regulation in Australia presents a complex landscape that balances innovation with compliance. The nation has emerged as a significant playground for digital currencies due to its supportive governmental stance and neutral jurisdiction, fostering substantial growth in the fintech sector. Despite this, Australian regulators like the Australian Securities and Investments…
-
Asia stocks fall with Nvidia earnings on tap; Australia dips on sticky CPI By Investing.com
•
Most Asian shares fell on Wednesday as technology-based indexes fell ahead of earnings from market darling Nvidia, while Australian shares fell on weak inflation data. Ongoing concerns about China also kept sentiment towards Asia on edge, after Canada said it would impose steep trade tariffs on the region’s largest economy.…