SYDNEY (Reuters) – New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Taker[...]
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Australia
Australian shoppers tempted by special offers in May
By Wayne Cole SYDNEY (Reuters) – Australian retail spending rebounded in May as consumers were tempted by online sales events and promotional discounting, a sign of resilience in consumption tha[...]
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Macquarie to divest U.S. port terminal operator Ceres
(Reuters) -Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the[...]
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Australia job vacancies fall 2% in May qtr, still historically high
SYDNEY (Reuters) – Job vacancies in Australia fell in the three months to May, the fourth straight quarter of decline, but were still far above pre-pandemic levels as demand for labour remains s[...]
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World faces ‘terrifying’ future if miners, regulators don’t step up – Newcrest
BRISBANE (Reuters) – Regulators urgently need to fast track approvals for new mines and the renewable energy projects to power them to ensure the supply of minerals essential to averting climate[...]
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Nasdaq ends up, dollar strengthens as Powell hints at more rate hikes
By Stephen Culp NEW YORK (Reuters) – The Nasdaq Composite Index closed higher and the dollar rebounded on Wednesday as Federal Reserve Chair Jerome Powell suggested two more interest rate hikes[...]
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Dollar strengthens as Fed’s Powell speaks, yen pressured
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index rose on Wednesday as Federal Reserve Chair Jerome Powell did not rule out the possibility of another rate hike by the central bank at i[...]
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Australia’s consumer inflation hits 13-month low, adding to rate pause case
By Stella Qiu SYDNEY (Reuters) – Australia’s consumer inflation slowed to a 13-month low in May, driven by a sharp pullback in fuel, while a measure of core inflation also cooled in a sign[...]
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Australia eyes bigger budget surplus but warns economy still slowing
By Renju Jose SYDNEY (Reuters) – Australia’s budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget but high inflation and global chal[...]
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