Australian business conditions showed continued resistance to higher interest rates and elevated price pressures, while consumer confidence fell further into “deeply pessimistic” territory, highlighting the divergent responses of the business and domestic sectors to stricter policy. Business conditions, which measure sales, employment and profitability, rose two points to 13 in August and remained above the ...
The European Union should try to complete free trade agreements with Australia, Mexico and the South American bloc Mercosur before the end of the year, declared the President of the European Commission, Ursula von der Leyen, on Wednesday. Von der Leyen told the European Parliament in her annual State of the Union address that the ...
Financial Diary – Santiago “Deposit a large amount of money, easily and in just two minutes“With these words, a massive fraud that has affected the Australian Tax Office, ATO, went viral on social media – specifically, TikTok -. Thousands of taxpayers filled out the form that allowed them to obtain income from up to US$50,000 ...
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, ...
