Australian retail sales bounce in boost to growth as c.bank holds rate

By Swati Pandey and Wayne Cole SYDNEY, Dec 5 : Australian retail sales bounced in October after months of lukewarm demand, a bright sign for spending in the upcoming holiday season as Amazon.com Inc opened its doors for business. The better-than-expected sales came as the Reserve Bank of Australia (RBA) held rates steady at 1.50 […]

Bounce for Australian PM as voters tire of leadership roundabout

By Tom Westbrook SYDNEY, Dec 4 : Embattled Australian Prime Minister Malcolm Turnbull received an unexpected boost from an opinion poll on Monday that showed voters want their leaders to govern for their full terms rather than the revolving door that has marked Australian politics. Three sitting Australian prime ministers have been ousted by their […]

Australia to probe Facebook, Google over media disruption

By Jonathan Barrett and Tom Westbrook SYDNEY, Dec 4 : Australia’s competition regulator said on Monday it would investigate whether U.S. online giants Facebook and Alphabet Inc’s Google has disrupted the news media market to the detriment of publishers and consumers. Like their rivals globally, Australia’s traditional media companies have been squeezed by online rivals, […]

Tesla switches on giant battery to shore up Australia’s grid

By David B Gray HORNSDALE, Australia, Dec 1 : – Tesla Inc switched on the world’s biggest lithium ion battery on Friday in time to feed Australia’s shaky power grid for the first day of summer, meeting a promise by Elon Musk to build it in 100 days or give it free. “South Australia is […]

Airbus says pitching A350 long range plane for Sydney

By Jamie Freed SINGAPORE, Nov 30 : Airbus SE’s talks with Qantas Airways about a plane that can fly 20 hours non-stop from Sydney to London are centred around the A350-900ULR rather than reviving a shorter A350 variant, an executive at the manufacturer said on Thursday. The comments by Airbus’s Iain Grant, head of sales […]

Australia business investment, home building on the rise

By Wayne Cole and Swati Pandey SYDNEY, Nov 30 : Australian business investment hit its highest in over a year last quarter while approvals to build new homes climbed to the strongest in eight months, promising omens for a pick up in broader economic activity. Investment grew a seasonally adjusted 1 percent in July-September to […]