Australia
Australia’s central bank will raise rates again if inflation becomes entrenched, governor says
[SYDNEY] Australia’s central bank will raise rates again if inflation becomes entrenched, its governor said on Thursday, having just delivered the first rate rise in two years last week.
Australia’s rental affordability hits record low: property consultancy Cotality
Households renting spent a record-high average of 33.4% of their pre-tax income to keep a roof over their head in Q3
Commonwealth Bank’s H1 earnings hit record on market share gains, shares surge
It has been the standout performer of Australia’s Big Four banks in the past year
Australia central bank again warns inflation is too high
[SYDNEY] A top Australian central banker said on Wednesday inflation was too high and policy makers were committed to doing whatever was necessary to bring it to heel.
Australia asks for meeting with Roblox after grooming, content complaints
The company could be fined up to A$49.5 million (S$44.3 million) if it doesn’t comply with the country’s online child protection laws
Australia places tariff on Chinese steel frames, citing dumping
The move risks escalating trade tensions with China
Australia’s household spending surprisingly declines in December
Economists and financial markets expect another hike this year
Indonesia signs security pact with Australia
The South-east Asia country has a non-aligned foreign policy, pledging friendship with any country without joining any formal military bloc
Australia’s falling China trade surplus rings economic alarm
Australians are buying more and more from overseas, with the Asian nation now supplying more than a quarter of all imports
Australia to sell historic buildings to fund defence expansion
The country is currently undertaking a significant defence buildup in response to the rise of China’s military capabilities
