Australians fear for privacy as hackers steal personal data
When Emma, a lawyer, found out that details of her mental health problems had been breached in a massive cyberattack on Australia’s largest private health insurer, she feared her career…
Australia’s lopsided swaps market creates pockets of pricing mayhem
Volatility has exploded in an obscure but important corner of Australia’s $113-billion-a-day interest-rate derivatives market, with disruption flowing across fixed income products. Dealers say the typically stable market for swapping…
Business as usual for Australian economy under new PM
Scott Morrison is respected by investors and his elevation to Australian prime minister is a good outcome, analysts say, with the latest bout of political instability unlikely to hurt the…
Australia’s shrinking monetary policy arsenal tests RBA’s orthodoxy
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…
In coal we trust: Australia’s voters back PM Morrison’s faith in fossil fuel
Australia's re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, "This is coal - don't be afraid!" His surprise win in what some dubbed the…
Not yet Amazon Prime time: Australia retail sell-off overblown?
Since Amazon.com Inc said in late April, it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would…
US nears decisions on resettlement of Australian-held refugees
The United States will tell dozens of refugees held in an Australian-run offshore detention centre whether they will be offered resettlement in America within six weeks, two detainees told Reuters…
Money laundering probe exposes Australian banks’ compliance frailties
A money laundering probe at Commonwealth Bank of Australia is the latest in a slew of scandals denting the reputation of Australian banks as simple, reliable lenders at the forefront…
Australia’s climate crisis
For us Australians, 2020 started with images of giant flames climbing up the cliffs of the Blue Mountains and the news that over a billion animals had perished in the…
