Australia

The company is looking to raise fresh capital from lenders, including existing creditors: source

The country’s sluggish productivity for over a decade has lowered the economy’s potential growth rate

[SYDNEY] Australia has embarked on a global search to fill one of its highest-profile investment roles after the longtime head of its A$356 billion (US$255 billion) sovereign wealth fund announced his departure, adding to a string of senior exits.

The so-called ‘Big Four’ lenders each report double-digit falls in home-loan applications

The incidents highlight a persistent shortage of air traffic controllers at Australia’s busiest airport

Monthly CPI rises 1% from June, exceeding forecasts of a 0.8% increase

Loss of government contracts contributed to a 17% slump in consulting revenue

Changes to tax settings are potentially shifting demand away from existing investment properties and toward new homes

[SYDNEY] Australia’s outstanding national debt temporarily exceeded A$1 trillion (US$711 billion), with that milestone underscoring the struggle in developed nations to rein in borrowing levels that ballooned during the pandemic.