AUSTRALIA News
Australia’s Westpac posts steady Q3 profit, helped by higher capital earnings
WESTPAC-RESULTS/ (UPDATE 2, PIX):UPDATE 2-Australia’s Westpac posts steady Q3 profit, helped by higher capital earnings
1 min read19 Aug 2024Australia’s Consumer Sentiment Gains on Tax Cuts, Rate Pause
Australia’s consumer confidence rose in August following the introduction of tax cuts and after the Reserve Bank paused interest rates, though persistent inflation remains a burden on households.
1 min read13 Aug 2024Companies ‘Paralyzed’ as Australia Prepares Tough Climate Rules
Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of the world’s biggest per-capita emitters.
2 min read29 Jul 2024Biden’s Australia-UK Arms Deal Facing Pressure Over Delay Fears
Three years after it was announced, Aukus pact on submarines and technology cooperation faces questions.
8 min read16 Jul 2024One of The Last Holdouts, Australia Weighs Nuclear Power Pivot
Australia, one of the world’s last major nuclear power holdouts, is debating a pivot that could see the country end its decades-long resistance to the energy source.
7 min read11 Jul 2024Australia doubles student visa fees, mandates offshore applications; likely to impact Indians
Australia has doubled student visa fees to AUD 1,600 and mandated offshore applications starting July 1, 2024, impacting Indian and Chinese students. Changes also affect temporary graduates, who must seek employer-sponsored visas or leave upon visa expiry
2 min read1 Jul 2024Chinese premier and Australian prime minister meet at Australia’s Parliament House
Chinese premier and Australian prime minister meet at Australia’s Parliament House
3 min read17 Jun 2024RBA Seen Holding Key Rate at 12-Year High as Inflation Stays Hot
Australia’s central bank will likely hold its key interest rate at a 12-year high on Tuesday as it tries to restrain consumer prices that have been underpinned by an ultra-tight employment market.
2 min read17 Jun 2024Australia vs Scotland Highlights: Australia beat Scotland by 5 wickets
Australia vs Scotland Live Score: Australia beat Scotland by 5 wickets
57 min read16 Jun 2024Global Rate-Cut Juggernaut Is Struggling to Start
Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.
7 min read16 Jun 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared