Australia’s strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to tackle new challenges.
Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth. Lowe also urged the country’s newly re-elected government
Australian Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure grows for urgent fiscal stimulus.
KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday. The appointment is effective from June 1, KKR said in a statement.
Australian police have seized a record US$840 million worth of the drug “ice” hidden in stereo speakers shipped from Thailand, officials said on Friday. Australian Border Force agents found 1.6 tonnes
Three Chinese warships sailed out of Sydney on Friday after an unannounced visit that came amid a tussle for influence between Australia and China in the Pacific.
Police said four men — three security guards and a patron waiting to get in — were shot outside the Love Machine club in the trendy inner-city suburb of Prahran early Sunday morning.
Sunday's shooting took place around 3:20am in the lively entertainment district of Melbourne's southeastern suburb of Prahran, police said.
Social media giant Facebook Inc said on Friday it would strengthen measures to fight fake news in Australia and briefly block foreigners from buying political advertisements in the lead-up to a national election due in a few weeks.