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United Kingdom

Byron Kaye

Australian grocer Coles eyes $685 million in savings, shares jump

1:30am BST

SYDNEY/BENGALURU Coles Group Ltd, Australia's second-biggest grocery chain, on Tuesday unveiled a plan to cut A$1 billion ($685 million) in costs over the next four years, as it looks to technology to offset rising labor and energy costs.

UPDATE 2-Australian grocer Coles eyes $685 mln in savings, shares jump

1:29am BST

* Company aims to maintain market share amid fierce competition

India's Tendulkar sues Australian cricket bat maker over $2 million in royalties

14 Jun 2019

SYDNEY Indian cricket great Sachin Tendulkar has filed a civil lawsuit against an Australian bat manufacturer, accusing it of using his name and image to promote products and then failing to pay him $2 million (£1.6 million) in royalties.

Australia orders audit of credit provider Afterpay on money-laundering concerns

13 Jun 2019

SYDNEY Australia's financial crime watchdog ordered an audit of buy-now-pay-later company Afterpay Touch Group, citing suspected non-compliance with anti-money-laundering and counter-terrorism financing laws, hammering shares across the sector.

Australia's Star sees profit down as U.S.-China trade tension shrinks bets

11 Jun 2019

SYDNEY Australian casino operator Star Entertainment Group Ltd said on Tuesday trade tensions between the United States and China were continuing to hit the confidence of Asian gamblers and its profit, sending its shares down the most since listing.

Journalists in jail? Australia weighs implications of police raids on media

06 Jun 2019

SYDNEY Australian journalists could face jail for holding classified information, authorities and lawmakers said on Thursday, as police appeared to broaden the scope of their investigation after raids on two media organisations. | Video

Journalists in jail? Australia weighs implications of police raids on media

06 Jun 2019

SYDNEY Australian journalists could face jail for holding classified information, authorities and lawmakers said on Thursday, as police appeared to broaden the scope of their investigation after raids on two media organisations. | Video

Journalists in jail? Australia weighs implications of police raids on media

06 Jun 2019

SYDNEY, June 6 Australian journalists could face jail for holding classified information, authorities and lawmakers said on Thursday, as police appeared to broaden the scope of their investigation after raids on two media organisations.

Australian media decry raids on national broadcaster ABC and News Corp

05 Jun 2019

SYDNEY Australian police raided the offices of the national broadcaster on Wednesday over allegations it had published classified material, the second raid on a media outlet in two days, prompting complaints of assaults on press freedom. | Video

UPDATE 1-Australian gov't scolds ANZ for failing to match central bank rate cut

04 Jun 2019

SYDNEY, June 4 Australia's treasurer accused Australia and New Zealand Banking Group of putting "profits before people" on Tuesday, after the bank, unlike several rivals, failed to pass on the full benefit of a central bank interest rate cut to borrowers.

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