Tag: Australias
Floods devastate Australia’s east coast
Large parts of the Australian state of New South Wales on the east coast are again under water after repeated heavy rain. The emergency services are facing “the largest flood…
Australia’s central bank surprises with lower-than-expected rate hike
by Wayne Cole SYDNEY, Oct 4 (Reuters) – Australia’s central bank surprised markets on Tuesday by raising its main interest rate by 25 basis points, less than expected, but said…
One of Australia’s longest cold cases cleared up after podcast aired
The murder of Lynette in 1982, in Australia, was finally elucidated on Tuesday August 30. Her husband, Chris Dawson, was convicted by the Supreme Court of New South Wales. One…
How Australia’s rabbit plague got its start
Exclusive translation from Australia’s invasive rabbit population is likely descended from two dozen wild English rabbits that arrived near Melbourne on Christmas Day 1859. This is now indicated by a…
Three of Australia’s ‘big four’ banks raise mortgage rates after RBA hike
Commonwealth Bank of Australia, Australia and New Zealand Banking Group and Westpac Banking Corp raised their mortgage rates to match the hike announced by the Reserve Bank of Australia. The…
Australia’s central bank hikes rate half a point to 1.85%
SYNDEY, Aug 2 (Reuters) – Australia’s central bank on Tuesday raised its main interest rate by half a percentage point to 1.85% and signaled further hikes could follow, while specifying…
Australia’s central bank hikes rate half a point to 1.85%
(Updated with details, comments) SYNDEY, Aug 2 (Reuters) – Australia’s central bank on Tuesday raised its main interest rate by half a percentage point to 1.85%, but it was less…
Australia’s ANZ to buy Suncorp’s banking unit for $3.3 billion
ANZ, one of the country’s biggest creditors, will raise around A$3.5 billion to fund the acquisition, the bank said. The acquisition of Suncorp Bank will add A$47 billion of mortgage…
Australia’s Lynas’ fourth-quarter revenue jumped on surging demand for rare earths.
Demand for rare earth minerals – which are used in everything from cars to laptops to missiles – has skyrocketed in recent years as countries and companies seek to reduce…
Australia’s central bank hikes rates by 50 basis points
Published on 05/07/2022 at 07:37 Photo credit © Reuters SYDNEY (Reuters) –…
Australia’s central bank sees need to normalize policy in tackling inflation
Minutes of the June 7 board meeting showed that the Reserve Bank of Australia (RBA) discussed raising the bank rate from 0.35% by 25 basis points or 50 basis points…
Australia’s electricity market operator says blaze won’t worsen energy crisis
Power supplies in Australia’s densely populated east have been tight since mid-May as around 25% of the market’s 23,000 megawatts (MW) of coal-fired generating capacity was taken out of service…