SYDNEY/BENGALURU Australia's Treasury Wine Estates posted a record annual profit due to robust demand for its premium wines in China, adding that its strategy to geographically diversify was helping it cope with the U.S.-China trade war.
SYDNEY A man went on a stabbing rampage in downtown Sydney on Tuesday, killing one woman and wounding another before he was restrained by members of the public, police said, adding they were not treating it as a terrorist incident. | Video
SYDNEY An Australian court on Tuesday dismissed allegations that Westpac Banking Corp had approved mortgages without adequate credit checks, dealing a blow to the regulator's efforts to toughen lending standards.
SYDNEY/BENGALURU Australian No. 2 electronics chain JB Hi-Fi Ltd defied a gloomy retail market by posting an annual profit that beat forecasts, sending its shares to a record high amid hopes it would benefit even further from recent economic stimulus.
* Result defies Australian retail downturn
(Recasts with shares reaction, adds analyst quote)
SYDNEY Troubled Australian wealth manager AMP Ltd sought investor support for a capital raising to fund a turnaround plan on Thursday, as it posted its biggest half-year loss as a listed company following damaging revelations of misconduct.
SYDNEY An Australian regulator has sued the maker of the country's biggest doctor-booking software app, accusing it of deleting negative reviews and selling the personal details of 135,000 people to health insurers without properly informing them.
SYDNEY, Aug 2 Australia's Macquarie Group
has purchased a 49% stake in cotton farm Cubbie Station
from a consortium led by Chinese conglomerate Shandong Ruyi
for an undisclosed sum, the parties said in a joint
statement on Friday.
SYDNEY Australian casino giant Crown Resorts issued full-page newspaper ads on Thursday describing recent media reports that alleged it pressured officials to fast-track visas for Chinese gamblers as a "deceitful campaign".
SYDNEY Investors are hoping for generous dividend payouts as some of Australia's biggest companies look set to report profit declines this month, and will punish underperformance in a market trading at record highs, fund managers and analysts said.