Australia’s Turnbull faces setback after lawmakers take aim at corporate tax cuts

By Colin Packham SYDNEY, June 25 : Australian Prime Minister Malcolm Turnbull faces a fresh blow in parliament this week, with the Senate poised on Monday to reject his government’s plans for a corporate tax cut after several independent lawmakers vowed to vote against the measure. Following the lead of the United States, Australia’s centre-right […]

Australia’s corporate watchdog sees bigger role in farm finance regulation

By Byron Kaye SYDNEY, June 25 : The Australian corporate watchdog may need to play a bigger role in regulating agricultural finance given the absence of redress options for borrowers, a powerful public inquiry heard on Monday as it turned its focus to the country’s $50 billion farm sector. Halfway through a year of scheduled […]

Australia no longer expects gas shortfall before 2030

By Sonali Paul MELBOURNE, June 22 : Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert the commodity into local markets and a reduced demand forecast for gas-fired power, according to estimates from the nation’s energy market operator. “No supply gaps are forecast before 2030 under expected market […]

Inspired by #MeToo, Australia launches inquiry into workplace sexual harassment

By Nicholas Ford SYDNEY, June 20 : Australia launched an independent inquiry on Wednesday into workplace sexual harassment, one of the first of its kind in the world, hoping to find solutions to problems brought to light by the global #MeToo movement. The Australian Human Rights Commission (AHRC) said the inquiry was prompted by the […]

Australia, NZ dollars bounce awaiting next round in trade fight

By Wayne Cole SYDNEY, June 20 : The Australian and New Zealand dollars managed a modest bounce on Wednesday as a pause in the Sino-U.S. sabre rattling over trade allowed Asian markets to calm a little. The Aussie dollar clawed its way back to $0.7397, after bouncing from a one-year trough of $0.73475 hit on […]

Banks lead Australia shares higher, NZ at record

By Devika Syamnath Undated, June 15 : Australian shares rose on Friday, led by banks and mining companies, as a cautious European Central bank policy decision pushed the U.S. dollar higher against other currencies. The ECB signalled on Thursday it would retain interest rates at record lows well into next year, longer than some market […]