Australias
By Byron Kaye SYDNEY (Reuters) – A recent slump in sales means Sydney liquor store owner Louise Dowling has to work an additional 40 hours a week to make up for the staff she had to let go, as a prolonged cost of living crisis in Australia drives more people…
By Byron Kaye SYDNEY (Reuters) -The CEO of Australia’s biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back against what he called “insidious populism” in relation to the corporate sector. The testimony by Commonwealth Bank of Australia (OTC:)…
By Byron Kaye and Sameer Manekar SYDNEY (Reuters) -Commonwealth Bank of Australia, the country’s biggest lender, said on Wednesday full-year profit fell less than analysts feared due to lower provisions for bad debts, and upped its final dividend, sending its shares higher. The closely watched result entrenches CBA’s new status…
By Melanie Burton MELBOURNE (Reuters) – Arcadium Lithium on Wednesday joined a growing list of producers reviewing lithium operations in Australia amid a rout in prices for the battery raw material that is expected to result in more production cuts. The lithium market is reeling from rapid supply growth that…
By Melanie Burton MELBOURNE (Reuters) -Australia’s richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken by Rinehart’s privately held Hancock Prospecting, is fuelling speculation of sector consolidation, after…
