Edition:
United Kingdom

Jonathan Barrett

Australia government stripped of majority after by-election rout

20 Oct 2018

SYDNEY The Australian government will lose its one-seat majority in parliament with more than half the votes counted in a by-election late on Saturday, creating a potential political crisis for Prime Minister Scott Morrison.

Torchlight protest at racing ad on Sydney Opera House

09 Oct 2018

SYDNEY Hundreds of Australians flickered torches on Tuesday at the sails of Sydney's Opera House, aiming the light rays to disrupt horse-racing advertisements projected on its facade, in a protest against the use of the building to promote gambling. | Video

Torchlight protest at racing ad on Sydney Opera House

09 Oct 2018

SYDNEY, Oct 9 Hundreds of Australians flickered torches on Tuesday at the sails of Sydney's Opera House, aiming the light rays to disrupt horse-racing advertisements projected on its facade, in a protest against the use of the building to promote gambling.

Australia's CBA to refund fees to dead client accounts in inquiry fallout

09 Oct 2018

SYDNEY Commonwealth Bank of Australia said on Tuesday it will refund fees taken out of dead client accounts and unwind a controversial system of charging customers commissions on financial products.

UPDATE 2-Australia's CBA to refund fees to dead client accounts in inquiry fallout

09 Oct 2018

* CBA to refund commissions on old products not caught by ban

Australia's ANZ takes profit hit as inquiry fallout sweeps banking sector

08 Oct 2018

SYDNEY Australia and New Zealand Banking Group Ltd said on Monday it would take a A$711 million ($501 million) hit to profit due to higher costs including compensation for customers stung by poor bank practices.

Papua New Guinea raises $500 million in debut sovereign bond

28 Sep 2018

HONG KONG/SYDNEY, Sept 28 Papua New Guinea raised $500 million in its debut sovereign dollar bond on Friday, successfully tapping the international market two years after a botched attempt and marking a rare bright spot in emerging markets.

Buyers battle at Australian wool auction as drought cuts supplies

27 Sep 2018

YENNORA, Australia Auctioneer Ian Sharp has been selling Australian agricultural products to the highest bidder since 1968, and he's never seen demand like this before. | Video

Australian tech billionaire sets record with Sydney mansion purchase

27 Sep 2018

SYDNEY Australian technology billionaire Mike Cannon-Brookes and his fashion designer wife Annie have bought a brick and gable-roof mansion in Sydney's opulent eastern suburbs for a reported A$100 million ($72.5 million), setting a record.

Australian tech billionaire sets record with Sydney mansion purchase

27 Sep 2018

* Highest-priced properties tend to be in Sydney, Perth -researcher

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