SYDNEY Standard & Poor's on Thursday warned of a downgrade to Australia's coveted triple-A credit rating within two years, saying the knife-edge July 2 election may have weakened the government's ability to tackle its budget deficits.
SYDNEY Twenty-two-year-old forklift driver Mitchell Beckwith is living the dream. Or he's living Australian Prime Minister Malcolm Turnbull's dream anyway.
SYDNEY Sterling surged early in Asia on Friday while the safe-haven yen fell broadly on growing confidence that Britain will stay in the European Union after polling stations across the United Kingdom closed.
SYDNEY The euro wallowed near a three-year low against the yen early on Friday, having been underwhelmed by the European Central Bank holding back from making material changes to its policy mix after a review.
SYDNEY, June 1 Australia's economic growth
boomed past expectations in the first quarter with the annual
pace speeding to its fastest in three years, a result that could
keep the central bank on hold at its policy meeting next week.
SYDNEY Australian wages grew at their slowest pace on record last quarter, reflecting a subdued inflation environment that should keep the door open for another cut in interest rates this year.
SYDNEY Australia's central bank members discussed leaving interest rates on hold earlier this month, but decided in the end that a cut would help return inflation to target over time.
SYDNEY/SINGAPORE Australia and Singapore have agreed to jointly develop military training areas and facilities in Australia in a sign of how China's increasingly assertive military presence in the region is encouraging nations to boost their own defence capabilities.
SYDNEY, May 6 Singapore will fund a A$2.25
billion (US$1.7 billion) expansion of military training
facilities in Australia in a deal due to be announced on Friday,
according to a government source.
CANBERRA Australia's conservative government unveiled an economic blueprint on Tuesday aimed at creating jobs and growth in "extraordinary times", just hours after the country's central bank slashed interest rates to an all-time low.