SYDNEY — Coronado Global Resources Inc. and Peabody Energy Corp. mutually agreed to end talks over combining to create a new global coal giant. Australia-listed Coronado CRN, -6.17%, which also Read more
Tag: Australias
Australia’s consumer confidence drops as inflation expectations jump
SYDNEY — Australian consumer confidence posted a fifth straight fall last week as inflation expectations rose to their highest level in more than 10 years. Consumer confidence decreased 1.5% last Read more
Casino regulator hits Australia’s Star with A$100 million fine, suspends license
SYDNEY — The casino regulator in New South Wales state has hit Star Entertainment Group Ltd. SGR, +0.39% with a fine of 100 million Australian dollars (US$62 million) and suspended Read more
What does a pivot look like? Here’s how Australia’s central bank framed a dovish surprise.
Central banks across the globe are fighting rampant inflation with aggressive interest-rate hikes, so much so that even rate increases can come across as dovish, depending on how they are Read more
Australia’s consumer confidence tumbles as rates soar
SYDNEY — Australian consumer confidence sank 4.5% last week to the lowest level since April 2022 after the Reserve Bank of Australia raised official interest rates by a further 50 Read more
Australia’s consumer confidence rises for third straight week as gas prices fall
SYDNEY — Australian consumer confidence rose last week, its third consecutive weekly rise, as gasoline prices at the pump fell, taking pressure off stressed household budgets. Consumer confidence gained 2.1% Read more
RBA official: Risks to Australia’s financial stability ‘a little elevated’
SYDNEY — Financial stability risks in Australia are a “little elevated,” and could worsen if unemployment were to head higher, Reserve Bank of Australia Deputy Gov., Michele Bullock, said Tuesday. Read more
Australia’s unemployment rate falls to lowest since 1974
SYDNEY — Australia’s unemployment rate fell to its lowest level since August 1974 last month, further tightening the job market and supporting expectations that the Reserve Bank of Australia will Read more
Australia’s Booktopia ousts co-founder Tony Nash as CEO following review
SYDNEY — Booktopia Ltd. AU:BKG ousted co-founder Tony Nash as chief executive following an internal business review of the online bookseller. The ASX-listed company said Thursday that it appointed Chief Read more