Aussie retailers in for more pain as high interest rates squeeze spending – Citi
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets,…
Australia
Bubs Australia falls after mounting new strategy, outlook amid board overhaul
By Rishav Chatterjee (Reuters) -Shares of Bubs Australia pared most of their early losses on Thursday after opening about 9%…
Australian broker Openmarkets fined $3 million for ‘market integrity’ violations
(Reuters) – Openmarkets Australia Ltd was fined a record A$4.5 million ($2.99 million) after a panel found the retail broker…
RBA to raise cash rate to 4.35% in August, economists split on peak: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will likely deliver a 25 basis point interest rate increase on…
PwC Australia ties Google to tax leak scandal, sources say
By Lewis Jackson SYDNEY (Reuters) -PwC Australia provided Google confidential information about the start date of a new tax law…
Marketmind: Yellen in China
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
Shares fall after little Fed surprise, China data and trade in focus
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) – MSCI’s global equities index lost ground on Wednesday after weaker-than-expected…
PwC work suspended by $77 billion Australian pension fund
By Lewis Jackson SYDNEY (Reuters) -Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest…
Australian watchdog urges banks to move Indigenous clients into low-fee accounts
(Reuters) -Australia’s corporate regulator on Wednesday asked the country’s banks to disclose data on fees charged to Indigenous consumers after…
Federal court rules against Australia’s AMP in class action proceedings, shares tank
(Reuters) – Australia’s AMP Ltd tanked on Wednesday after the country’s federal court ruled against the wealth manager in class…