Australia

Australia’s regulator says ASX favoured shareholder returns over system resilience

AUSTRALIAN Securities Exchange has an ‘insular and defensive’ culture that prioritised delivering higher shareholder returns over ensuring critical market infrastructure was in place, according to a n...

Albanese said: “Over (the) coming weeks, if you can switch to catching the train or bus or tram to work, do so.”

Australian PM Albanese asks nation to use less fuel to conserve supplies

Voluntary restraint ‘builds our reserves, and it saves fuel for people who have no choice but to drive’, he adds

Total spending on CBA cards held up in nominal terms in the week ending March 27, in part due to higher fuel expenditure, the bank said in a research note.

Australia spending holds up as war drives oil spike, CBA says

The figures show Australia’s economy was on a strong footing before the central bank began raising interest rates

Westpac estimates that the higher-than-assumed prices will deliver a windfall of almost A$60 billion over the five years to fiscal 2030.

Australia to profit from war pushing up prices, Westpac says

Higher coal and gas export prices will boost revenues

Meta’s Facebook and Instagram, Snapchat, TikTok and Google’s YouTube had been flagged for potential non-compliance.

Australia investigates tech giants over social media ban compliance

Tech companies can face a fine of up to A$49.5 million (S$43.9 million)

All of Lynas Group's separated rare earth products are produced at the Gebeng facility in Pahang, Malaysia.

Malaysia’s role in non-China rare earth chain grows, but gaps remain

Lynas Rare Earths is now producing samarium at its plant in Pahang

Empty oil pumps at a Shell petrol station that ran out of fuel in Sydney on Mar 30. Australia has its highest fuel stocks in 15 years, but they are still far below International Energy Agency recommendations of 90 days.

Australia to halve tax on fuel, underwrite spot cargoes

The measures are expected to cost the government A$2.55 billion

The Port of Dampier, which hosts operations run by Woodside Energy Group, resumed activity at 9 am on Saturday (Mar 28).

Australia resumes some operations at cyclone-hit key port

Output at three LNG plants has been curtailed, tightening supplies for mainly Asian buyers at a fragile moment for the global gas market

The Aussie was under pressure at US$0.6881 on Friday, having slid 0.8 per cent overnight to a trough of US$0.6876.

Australian, NZ dollars hit two-month trough as global outlook darkens

[SYDNEY] The Australian and New Zealand dollars were pinned near two-month lows on Friday as fears of a lengthy energy shock from the Middle East conflict darkened the outlook for global growth and th...