Australia’s monthly inflation gauge acceleratedreflecting global trends amid higher oil prices, rstrengthening the case for the Reserve Bank go up at least one more time. The consumer price indicator increased 5.2% in August compared to the previous year, matching economists’ estimates, Australian Bureau of Statistics data showed on Wednesday. The result contrasts three months of ...
Mining and trading company Glencore cwill fail its three underground copper mines in Mount Isa, Australia, at the end of 2025, which will mean the loss of about a thousand jobsas reported on Tuesday by the Australian Financial Review newspaper. The company, however, will keep its refinery and smelters open in Central Queenslandaccording to the ...
The European Commission announced on Tuesday that it will intensify its surveillance of the commercial practices of social media leaders, Also known as influencers, seeking to protect customers, a market whose value is estimated at around €20 billion (US$21.16 billion). The Commission will work with national authorities in the coming weeks to examine online publications ...
Financial Diary – Santiago Codelco reached an agreement to acquire 100% of the Australian mining company Lithium Power International (LPI) for US$244 million. The company owns Minera Salar Blanco in Chile, which has lithium extraction projects in the Salar de Maricunga. The state copper company, which also has an interest in said basin, said that ...
Australian employment was weaker than expected in September, reflecting the Reserve Bank’s assessment that the labor market has reached a “tipping point”while fewer people looking for work lowered the unemployment rate. The economy added 6,700 jobs from the previous month, driven mainly by part-time jobs, well below estimates of an increase of 20,000 and the ...
Hancock Prospectingowned by Australia’s richest person, Gina Rinehart, threatened on Friday to torpedo a deal by the world’s second-largest lithium chemicals maker, Chile’s SQM.by an Australian lithium miner. Hancock Prospecting, an iron ore miner, acquired an 18.3% stake in Azure Mineralswhich is developing the Andover project in Western Australia, according to a filing on Friday ...
Australia announced on Friday a security guarantee for the Pacific island nation of Tuvalu to respond to military aggression, protect it from climate change and boost migration in a pact aimed at countering China’s influence in the Pacific. According to the treaty announced by Australian Prime Minister Anthony Albanese and his Tuvalu counterpart Kausea Natano, ...
A cyberattack against one of the largest facilitators of global trade has limited access to several ports in Australia, un massive shutdown that threatens to disrupt supply chains for days. DP World Plc detected a hack on Friday that forced it to restrict access to four of the country’s largest ports. The government called a ...
Australia is assessing the logistical impact of a cyber attack which has paralyzed some of its largest ports since Friday and said the disruptions will continue for several more days, a massive shutdown that threatens to disrupt supply chains across the country and globally. DP World Plc said on Sunday it has made “significant progress” ...
The central bank of Australia is about to resume a pause in interest rate increases, as the latest data pointing to slower house price growth and inflation suggests previous restrictive measures are gaining ground. The Reserve Bank will keep its cash rate at a 12-year high of 4.35% on Tuesday, most economists predict, after making ...
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