United States

Ian Chua

S&P warns of possible downgrade to Australia's coveted rating, cuts outlook

Jul 07 2016

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.

Western Sydney takes centerstage in close-run Australian election

Jun 29 2016

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.

Yen sags as polling puts Bremain slightly ahead, sterling jumps

Jun 23 2016

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.

Dollar bulls count on payrolls as ECB leaves euro underwhelmed

Jun 02 2016

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.

Australia economy outpaces global peers, rates seen on hold

May 31 2016

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.

Australian wage growth slowest on record in first-quarter, keeps rate cut window open

May 17 2016

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.

Australia's central bank considered holding rates steady at May meeting

May 17 2016

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.

Singapore, Australia expand military cooperation in $1.7 billion deal

May 06 2016

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 defense capabilities.

Singapore to fund $1.7 bln Australia military base expansion -source

May 05 2016

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.

Australian government delivers sombre election budget for 'extraordinary times'

May 03 2016

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.

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