Oceania

Surge of Chinese EVs in Australia Sparks Dumping Concerns, Up to 50 Brands Expected by 2030

The influx of Chinese electric vehicles into the Australian car market, potentially reaching up to 50 brands by 2030.


Australia Detects Bird Flu in Victorian Egg Farm, Plunging Area to Lockdown Amid Fears Strain Could be Similar to What Causes Mass Poultry Deaths Worldwide

Bird flu has been detected at an Australian egg farm, putting it on lockdown amid worries that it is a strain causing catastrophic poultry deaths and the potential source of the next global pandemic...

Australian Telco Giant Telstra to Cut 2,800 Jobs by End of 2024 to Keep on Competitive Landscape

Telstra announced that it will cut 2,800 jobs by the end of 2024, especially products and services in its enterprise business...

AU, NZ Evacuate Nationals as Unrest in New Caledonia Continues

The foreign ministries of Australia and New Zealand have announced that it would be evacuating its nationals in New Caledonia as riots spark across the island regarding independence and nickel mining...


Latest News

Stocks, currencies wary of Greek confusion
Asian stock markets turned cautious on Wednesday while the U.S. dollar crept higher as looming euro zone meetings to discuss the Greek debt crisis threatened to produce more confusion than clarity.
Stocks, currencies count down to Greek meetings
Asian stock markets were subdued on Wednesday while major currencies barely budged as looming euro zone meetings to discuss the Greek debt crisis overshadowed a firmer finish on Wall Street.
Asia subdued by Greek uncertainty
Asian markets got off to a cautious start on Wednesday as looming euro zone meetings over Greece overshadowed a firmer finish on Wall Street.
Australian windfarms face $13 bln wipeout from political impasse
Australia faces a A$17 billion ($13.3 billion) exodus of investment from its windfarm industry because of a political deadlock, threatening to deal the country a major economic blow and kill hopes of
Australia's RBA cuts rates to record low, market hankers for more
Australia's central bank cut its cash rate to an all-time trough of 2.25 percent on Tuesday, breaking an 18-month hiatus on stimulus as it seeks to spur a sluggish economy while keeping downward press
Australia’s Crown Resorts drops Sri Lanka $400 million casino plan
Australian gaming mogul James Packer’s Crown Resorts Ltd. (CWN.AX) has scrapped a proposed $400 million luxury hotel and resort development in Sri Lanka after Colombo's new government withdrew approva
Asia shares inch ahead, euro steady as Fed meets
Most Asian share markets firmed on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece's election outcome without too much disruption.
Copper suffers meltdown on growth anxiety, euro on defensive
Unease over the global economy engulfed commodities and dented Asian equities on Wednesday, while the euro loitered near nine-year lows as investors bet the European Central Bank was just a week away
Dollar slips with yields, oil still dropping
The U.S. dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, though turnover was light with Tokyo on holiday.
Macquarie in exclusive talks to buy planes from lessor AWAS for more than $4 billion: sources
Australian bank Macquarie Group Ltd's aircraft leasing subsidiary is in exclusive talks to buy a portfolio of new planes from Dublin-based lessor AWAS for more than $4 billion, according to people fam
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