Tag
australia
8 articles
Meta Removes 750,000 Australian Teen Accounts as Regulators Weigh Legal Action
The social media giant deactivated hundreds of thousands of accounts since December as Australia's internet regulator considers an enforcement lawsuit and other nations eye similar restrictions.
ASX Directors Face Shareholder Suit After $16.5M Penalties Over Failed Blockchain Project
Rosherville Pty Ltd seeks Federal Court permission to sue former ASX officers and directors for alleged duty breaches tied to the abandoned blockchain clearing overhaul
Australia Home Prices Post Largest Monthly Drop Since 2022 as Downturn Spreads
National property values fell 0.7 percent in July, their steepest monthly decline in two and a half years, as weakness spread from Sydney and Melbourne to Brisbane and Adelaide.
Australia Home Prices Fall 0.7% in July, Biggest Monthly Drop Since Dec. 2022
RBA Assistant Governor Chris Kent says softening housing market is tightening financial conditions after three rate hikes and tax policy changes.
Australia to Commit A$2.5 Billion to Tomago Aluminum Smelter as Energy Costs Bite
Federal and state governments are set to provide A$2.5 billion ($1.8 billion) to the Rio Tinto-backed Tomago smelter, requiring A$1 billion in owner upgrades.
RBA Holds at 4.35%, Bullock Flags Hikes; Swaps Price 50% Chance of November Move
Australia's central bank held its cash rate steady but Governor Michele Bullock said hikes remain possible, pushing three-year yields up 2 basis points and lifting late-2026 hike odds.
Australia Suspends Crypto ATM Operator, Forces 96 Machines Offline
AUSTRAC halted Cryptolink's virtual asset services for three months, citing persistent failures in anti-money laundering reporting and risk management.
Australia Builds Framework for Tokenized Bond Trading
Central bank and regulators develop standards to integrate digital assets into wholesale financial markets