Australia, Indonesia restore full military ties, see progress on trade

By Harry Pearl SYDNEY, Feb 26 : Australia and Indonesia said today that full military ties between the two countries had been restored, after Indonesia’s military suspended cooperation in January because of “insulting” teaching material found at an Australian base. Prime Minister Malcolm Turnbull made the announcement alongside Indonesian President Joko Widodo, who arrived in […]

Australia’s cenbank gov: Better ways to stimulate demand than rate cuts

By Swati Pandey and Wayne Cole SYDNEY, Feb 24 : The head of Australia’s central bank said on Friday that the economy would benefit little from cutting interest rates already at record lows, putting the onus on the government to make fiscal reforms and find ways to stimulate demand. Reserve Bank of Australia (RBA) governor […]

Australia, NZ dlrs on track for solid weekly gains vs euro, USD

By Cecile Lefort and Charlotte Greenfield SYDNEY/WELLINGTON, Feb 24 : The Australian and New Zealand dollars took a breather on Friday against their US counterpart after running into light profit-taking, while staying on track for solid weekly gains versus the euro. The Australian dollar eased to $0.7712, from a three-month peak of $0.7741 on Thursday. […]

Engie expects to lure global bids for Australian coal-fired power plant

By Florence Tan SINGAPORE, Feb 24 : France’s Engie SA, looking to sell a coal-fired power station in Australia that could fetch $1 billion, expects to attract more interest from international firms than local players, its Asia Pacific head said. Engie flagged the sale of the 953 megawatt Loy Yang B coal-fired plant and its […]

Netanyahu blasts UN ‘hypocrisy’, Australian PM opposes ‘one-sided resolutions’

By Colin Packham SYDNEY, Feb 22 : Australian Prime Minister Malcolm Turnbull offered a staunch defence of Israel today, criticising the United Nations and vowing never to support “one-sided resolutions” calling for an end to Israeli settlement building on occupied land. Turnbull welcomed Benjamin Netanyahu on Wednesday as the first Israeli prime minister to visit […]

Australian PM criticises UN as Israeli PM arrives for state visit

By Colin Packham SYDNEY, Feb 22 : Australian Prime Minister Malcolm Turnbull offered a staunch defence of Israel today, criticising the United Nations and vowing never to support “one-sided resolutions” calling for an end to Israeli settlement building on occupied land. Turnbull welcomed Benjamin Netanyahu today as the first Israeli prime minister to visit Australia […]