Australian shares little changed as gold miners, consumer stocks drag
Australian shares were little changed on Tuesday as losses in gold, mining and consumer stocks countered gains in banks and tech stocks, while software heavyweight WiseTech Global jumped to its highest in near three weeks after naming a new chair.
Australia's tax overhaul chills nation's long love affair with property
Just a short stroll from Sydney's famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that boasts five bedrooms and an al fresco lounge - price tag, A$5.2 million ($3.64 million).
Australia extends fuel excise relief to ease household cost pressures
Australia will extend fuel excise relief for an additional month, Prime Minister Anthony Albanese said on Sunday, as the country continues to grapple with higher fuel costs during the Iran war.
Australian lawmakers, grilling KPMG, suggest more regulation of audit industry may be needed
Australian lawmakers on Friday suggested further regulation of the Big Four accounting firms could be necessary as they grilled KPMG executives over allegations of misconduct — the second big scandal in the country's industry since 2023.
Australia's CBA flags surging AI costs as tasks grow complex, slams 'work slop'
The cost of using AI will rise in less predictable ways as companies deploy the technology for complex tasks, the head of Australia's biggest bank said on Tuesday, calling the expense a key emerging management challenge.
EWA: Why Australia Is Missing Out On The Tech-Led Rally
I reiterate a hold rating on the iShares MSCI Australia ETF due to limited earnings growth and a relatively rich valuation. EWA's heavy Financial and Materials exposure leaves it lagging tech-driven markets, with a 17.5x P/E and just 5.7% long-term earnings growth. Technical momentum is turning bullish, with a breakout above $27 and a potential upside target near $35, though resistance exists at $30-$31.
Hang Seng slides as Asian markets turn cautious on oil, geopolitics
Asian markets opened on a cautious note on Tuesday, with traders keeping one eye on oil and the other on geopolitics. The tensions between the United States and Iran continued to unsettle global markets.
Dubai's main airport is ramping up flights after traffic slumped 66% in March
Dubai is trying to get its air travel industry back on its feet. Dubai Airports said it was ramping up flights now that the UAE airspace is "fully restored.
Australia calls for stronger AI risk controls at financial firms
Australia's prudential watchdog warned on Thursday that many financial firms still lack the technical knowledge needed to effectively challenge AI-related risks, while calling for an overhaul in AI-related risk procedures.
Australia aims to tax tech giants unless they pay news outlets
Australia unveiled draft laws on Tuesday that would tax tech giants Meta, Google and TikTok unless they voluntarily strike deals to pay local outlets for news.
The $1,600 lettuce: California growers warn of ‘master plan' strangling family farms
California farmers say soaring diesel prices, high electricity rates and heavy regulations are pushing small agriculture operations to the breaking point with a "get big or get out" mentality.
Australia's Inflation Cooled Slightly in February
SYDNEY—Australia's inflation eased slightly in February, but remained well above the central bank's target range, keeping the door open for a further rise in interest rates.
