Tesla wins giant battery contract in Australia, has 100-day deadline

By Colin Packham and James Regan SYDNEY, Jul 7 : Tesla Inc has won an Australian contract to install the world’s biggest grid-scale battery, in what experts say will be a litmus test for the reliability of large-scale renewable energy. Tesla’s CEO Elon Musk, known for his bold approach to cars, clean energy and space […]

Australia, NZ dlrs gain against yen; U.S. jobs report eyed

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Jul 7 : The Australian and New Zealand dollars gained against the yen on Friday after the Bank of Japan offered to buy an unlimited amount of the country’s government bonds (JGBs) to stem a rise in yields, reaffirming its super easy policy. The BoJ also increased its […]

Australian dlr falls again, NZ dlrs near one-week lows

By Swati Pandey SYDNEY, Jul 6 : The Australian dollar was on track to fall for a fourth straight session on Thursday, getting only fleeting support from a higher-than-expected trade surplus, while its New Zealand cousin stood near one-week lows. The Aussie was pinned at $0.7594, having slid from a peak of $0.7712 hit last […]

UNESCO leaves Great Barrier Reef off “in danger” list

By Colin Packham and Benjamin Cooper SYDNEY, Jul 6 : The United Nations cultural body UNESCO has voted to leave the Great Barrier Reef off its “in danger” list despite recent widespread destruction of the World Heritage Site. The decision, which was taken at a UNESCO committee meeting in the Polish city of Krakow, allows […]

Australia shares slightly weaker after Fed minutes; NZ nudges higher

By Shashwat Pradhan Undated, Jul 6 : Australian shares were shaky on Thursday, with gains in healthcare and real-estate stocks offset by losses in the banking sector, after the Federal Reserve’s policy minutes showed a lack of consensus on the future pace of interest rate increases. The S&P/ASX 200 index dipped 0.1 percent or 2.7 […]

Australian dollar near 1-week lows on RBA hangover, NZ$ rangebound

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Jul 5 : The Australian dollar huddled near one-week lows on Wednesday with bulls still upset the country’s central bank had resisted pressure to turn hawkish on interest rates. The Australian dollar was at $0.7618, not far from a low of $0.7591 hit just after the Reserve Bank […]