Australia

Changes to tax settings are potentially shifting demand away from existing investment properties and toward new homes

[SYDNEY] Australia’s outstanding national debt temporarily exceeded A$1 trillion (US$711 billion), with that milestone underscoring the struggle in developed nations to rein in borrowing levels that b...

The underemployment rate held at a two-year high of 6.4%

The central bank has warned further policy tightening cannot be ruled out

Its stock has lost nearly 70% of its value since allegations about former chief Richard White’s personal life first emerged

Annual pay growth remained at 3.2%

Fintech wins Australian banking licence in July, its first in Asia-Pacific; it has launched savings accounts and credit cards

It is seeking to raise about A$5 billion (US$3.6 billion)

Opposition parties have attacked the government over migration numbers