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Australia to triple fees on foreign purchasers of existing homes

Australia to triple fees on foreign purchasers of existing homes

Sun, Dec 10, 2023

The centre-left Labor government would also cut application fees for foreign investment in "build to rent" projects to encourage construction of more homes, Chalmers said.

Australian regulator calls for new competition laws for digital platforms

Australian regulator calls for new competition laws for digital platforms

Mon, Nov 27, 2023

Must ensure competition laws are fit for purpose to respond to the potential challenges posed by emerging technologies such as generative AI and virtual reality, ACCC said.

Australian Foreign Minister Penny Wong Arrives in Delhi | India-Australia 2+2 Dialogue

Australian Foreign Minister Penny Wong Arrives in Delhi | India-Australia 2+2 Dialogue

Mon, Nov 20, 2023

Australian Foreign Minister Penny Wong arrived in Delhi on November 20. Penny Wong is in Delhi to attend the second Ind-Aus 2+2 Ministerial Dialogue. 2+2 dialogue will be co-chaired by Indian Defence Minister Rajnath Singh, EAM Dr Jaishankar and their Australian Counterpart. Deputy PM, Defence Minister Richard Marles, Foreign Minister Penny Wong will represent Australia. A wide range of strategic, defence and security issues are expected to be discussed between the two countries.

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Westpac to raise $488 million in additional Tier 1 capital

Westpac to raise $488 million in additional Tier 1 capital

Mon, Nov 20, 2023

The final margin will be set following bookbuild which will now close on Tuesday at 0030 GMT for new investors and Wednesday at 0300 GMT for re-investment participants.

National Australia Bank eyes business credit in soft home loan market

National Australia Bank eyes business credit in soft home loan market

Thu, Nov 09, 2023

Shares of NAB rose 0.8 per cent by mid-session, in line with the broader market, as analysts praised the business unit's performance but noted NAB's exposure to mortgage lending and a pickup in arrears may create headwinds.

Australia's Westpac dumps PwC as auditor after 55 years

Australia's Westpac dumps PwC as auditor after 55 years

Wed, Nov 08, 2023

PwC has audited Westpac since 2002, before which PwC partners and their ancestor firms had audited the bank since 1968.

Australia says EU trade deal is likely years away after rejecting terms

Australia says EU trade deal is likely years away after rejecting terms

Mon, Oct 30, 2023

Australia's agriculture minister, Murray Watt, said the EU - one of the world's largest markets - had only slightly tweaked the proposal it put on the table three months ago.

JSW steel boss says 'nothing concrete' with Canada's Teck

JSW steel boss says 'nothing concrete' with Canada's Teck

Tue, Oct 24, 2023

Teck did not comment on this specific statement, and said it is engaging with various counterparties regarding the steelmaking coal business.

Australia PM to visit China, taking steps to resolve wine dispute

Australia PM to visit China, taking steps to resolve wine dispute

Sun, Oct 22, 2023

The move is the latest in a diplomatic thaw between the two countries that has already seen China lift restrictions on imports of Australian commodities such as coal, timber and barley worth billions of dollars.

Australia to organise flights to evacuate citizens from Israel

Australia to organise flights to evacuate citizens from Israel

Wed, Oct 11, 2023

The first flight will leave on Friday, the second on Sunday, and will travel from Ben Gurion airport to London, according to Albanese.

Commodity Live: Crude oil continued to fall, fell 8% in 2 days

Commodity Live: Crude oil continued to fall, fell 8% in 2 days

Fri, Oct 06, 2023

Crude Oil: There is a significant decline in crude oil since last 2 days, crude oil has fallen by 8% in 2 days.

PwC Australia gave clients other than Google confidential tax info

PwC Australia gave clients other than Google confidential tax info

Wed, Sep 27, 2023

PwC Australia said on Wednesday it would adopt, and in some cases already had, the report's 23 recommendations, which include appointing an external chief risk officer, revamping firm culture, and linking partner pay to ethical behaviour.

Australia and the Philippines strengthen their ties as South China Sea disputes heat up

Australia and the Philippines strengthen their ties as South China Sea disputes heat up

Fri, Sep 08, 2023

China and the Philippines, along with Vietnam, Malaysia, Taiwan and Brunei, have been locked in a decadeslong territorial standoff in the disputed waterway.

Australia's annual economic growth slows to 2.1% in June quarter

Australia's annual economic growth slows to 2.1% in June quarter

Wed, Sep 06, 2023

According to ABS data, services exports rose by 12.1 per cent in the June quarter as the number of international students and tourists arriving in Australia continued to recover from the Covid-19 pandemic.

Australian economy grows modestly in Q2, eases recession fears

Australian economy grows modestly in Q2, eases recession fears

Wed, Sep 06, 2023

Wednesday's GDP report did show productivity remained a concern, with one productivity measure of GDP per hour worked falling by a sharp 2 per cent, the third straight quarter of declines.

Reserve Bank of Australia holds rates steady as Lowe bows out, markets bet tightening cycle over

Reserve Bank of Australia holds rates steady as Lowe bows out, markets bet tightening cycle over

Tue, Sep 05, 2023

Minutes of the August meeting showed the central bank now sees a credible path where inflation would return to the target band in 2025, with interest rates at their current level, implying the hurdle to another hike is high.

Australia economy gets a boost from visitors, infrastructure splurge

Australia economy gets a boost from visitors, infrastructure splurge

Tue, Sep 05, 2023

The Reserve Bank of Australia (RBA) lifted interest rates to a decade-high of 4.1 per cent in June in an effort to restrain inflation.

Australia: Victoria State to pay USD 243 million for pulling out as Commonwealth Games host

Australia: Victoria State to pay USD 243 million for pulling out as Commonwealth Games host

Sat, Aug 19, 2023

In a joint statement by Victoria's Premier said, The Commonwealth Games Federation (CGF), Commonwealth Games Federation Partnerships (CGFP), Commonwealth Games Australia (CGA), and the State of Victoria have settled all their disputes regarding the cancellation of the multi-hub regional Victoria 2026 Commonwealth Games.

Steering Through Differences: Driving in Australia vs. Driving in India

Steering Through Differences: Driving in Australia vs. Driving in India

Wed, Aug 16, 2023

How different is Australia's driving experience from India? Check out the amazing vibes of Melbourne, self drive to Victoria

Nucleus Software is looking for new opportunities in Australia, Europe Says Vishnu R. Dusad

Nucleus Software is looking for new opportunities in Australia, Europe Says Vishnu R. Dusad

Mon, Aug 07, 2023

Results under pressure due to increase in expenses in Q1... Company looking for new opportunities in Australia, Europe : Vishnu R. Dusad, Co-Founder & MD, Nucleus Software

Australia court overturns law banning Sikhs from carrying kirpans in schools

Australia court overturns law banning Sikhs from carrying kirpans in schools

Sat, Aug 05, 2023

A court in Australia's Queensland state has overturned a law that banned Sikh students to wear a kirpan, a religious article in Sikhism, on campus, calling the legislation "unconstitutional", according to media reports.

Is it the end of the Commonwealth Games after Victoria pulls out of the 2026 event?

Is it the end of the Commonwealth Games after Victoria pulls out of the 2026 event?

Wed, Jul 19, 2023

Victoria's neighbouring states like New South Wales, South Australia, and Western Australia have also ruled themselves out as the host of Commonwealth Games 2026. Victoria's withdrawal has now raised doubts that the games may not be held for the first time since being cancelled during the Second World War in 1942 and 1946.

Australia's central bank hiked rates for fear inflation was becoming entrenched

Australia's central bank hiked rates for fear inflation was becoming entrenched

Tue, Jun 20, 2023

The minutes devoted much space to the arguments for an immediate hike, including rising electricity prices, high rents, stubborn services inflation and a rebound in national house prices.

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