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Australia

Australia’s Port Hedland iron ore shipments to China jump 11% in June

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SYDNEY, : Iron ore shipments to China from Australia’s Port Hedland terminal rose more than 11% in June from a month earlier, port data released on Wednesday showed. Iron ore shipments to China from the world’s biggest iron ore port totalled 42 million tonnes in June, compared with May’s 37.8 million tonnes, the Pilbara Ports Authority said. Port Hedland is ... Read More »

ATM and Eftpos services for all four big banks are down across Australia

SYDNEY, NEW SOUTH WALES - APRIL 07:  A woman uses a Commonwealth bank ATM on April 7, 2016 in Sydney, Australia. Prime Minister Malcolm Turnbull on Wednesday reprimanded the banking industry for its treatment of customers and recent financial advice scandalls  (Photo by Cameron Spencer/Getty Images)

All four major banks have confirmed “sporadic outages” of services including ATM and Eftpos access across the country, with fingers increasingly being pointed at the country’s largest telco Telstra. The Commonwealth Bank of Australia confirmed at 3:28pm that it is currently experiencing an “issue affecting some of [its] services” though it did not name specific services affected. Business Insider Australia ... Read More »

Australia Market retreats for second day as AMP weighs

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Headline indices of the Australia share market closed down on Monday, 15 July 2019, as data showed China’s economy growing at its weakest pace in nearly three decades, hit by the US trade war, overshadowing after advances in Chinese industrial production and retail sales for June that beat all estimates. At closing bell, the benchmark S&P/ASX200 index fell 43.56 points, ... Read More »

Australia: Business conditions still weak despite improvement

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Catherine Birch, senior economist at ANZ, notes that the Australian business conditions improved to 3.4 in June from an upward-revised 1.2 in May. Key Quotes “Business conditions improved in all states aside from South Australia, where conditions fell by 4.8 points.” “Business conditions recovered to an eight-month high in the construction industry, while finance also saw solid improvement. Retail saw ... Read More »

Almost $400m of the drug ice found hidden in container at Sydney port

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NSW Police have swooped on a massive haul of ice, seizing almost $400m worth of the drug that was bound for the streets. Strike Force Ferguson was set up to investigate international contract networks in the supply of drugs in Australia. As part of their investigations, last month a container declared having clothing inside it came to the attention of ... Read More »

Australia’s Woolworths to unload alcohol, gaming operations

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SYDNEY: Australian retail titan Woolworths will offload its booze and gaming operations, following in the footsteps of rival Coles and after a campaign by anti-gambling groups. The firm said it would combine its Endeavour Drinks business with the hotels and gambling-focused Australian Leisure & Hospitality Group, forming a A$10 billion (US$7 billion) unit called Endeavour Group. The new entity will ... Read More »

Indonesia rejects ‘toxic’ Australian plastic recycling

SAN FRANCISCO - MARCH 2:  Recycled plastic bottles are seen at the San Francisco Recycling Center March 2, 2005 in San Francisco, California. Bottled water is the single largest growth area among all beverages, more than doubling over the last decade. Only about 12 percent of  plastic bottles, mostly water, were recycled in 2003, according to industry consultant R.W. Beck, Inc. Since most bottled water is consumed away from home where recycling isn't an option, an estimated 40 million bottles a day go into the trash or become litter.  (Photo by Justin Sullivan/Getty Images)

Batam: Indonesian authorities have rejected a 13-tonne container full of plastic recycling waste from Australia after it was found to be contaminated with toxic materials, and they intend to send it back. The Age and The Sydney Morning Herald have confirmed that among 65 containers of international waste currently impounded on the docks of Batam’s sprawling Batu Ampar port, one ... Read More »

Australia’s banks warn of business impact if NZ raises capital ratio

Sun reflects off the front door sign of the Reserve Bank of Australia building in Sydney in this July 5, 2011 file photo. REUTERS/Tim Wimborne/Files

WELLINGTON, July 1 (Reuters) – Australia’s top lenders said they would have to reduce their businesses in New Zealand or look at selling them off entirely if the country pushes ahead with plans to increase the amount of capital banks must hold. The warnings were among more than 160 submissions received by the Reserve Bank of New Zealand (RBNZ) for ... Read More »

Fortescue opens Port Hedland ore harbour facility

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Fortescue Metals Group has completed construction of its fleet of tugs and towage infrastructure at the company’s Herb Elliott Port at Port Hedland, Western Australia. The iron ore major has procured and constructed six tugs and leased a further three tugs, including six advanced rotor tugs 85-32W. It will start its tug operations in July. The towage fleet represents the ... Read More »

Australia’s competition regulator sues Optus again over broadband switch

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BENGALURU: Australia’s competition regulator said on Thursday it has filed a lawsuit against Singapore Telecommunications’ Optus on allegations of misleading consumers over the need to move to state-owned National Broadband Network (NBN). The Australian Competition & Consumer Commission (ACCC) alleged that Optus, the country’s second-largest telco, had misled consumers via an email by advising them to switch to NBN or ... Read More »

China’s Australian coking coal imports halve in May from April

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BEIJING, June 25 (Reuters) – China’s imports of Australian coking coal in May plunged 49.3% from a month earlier, customs data showed on Tuesday, as buyers held off purchases because of uncertainty regarding government policy on Australian imports. Arrivals of Australian coking coal were at 1.38 million tonnes last month, down from 2.72 million tonnes in April, according to data ... Read More »

Australia’s future airport is closer than you think

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Within the next five years, passengers travelling through Australia airports can expect a “seamless” journey, where they don’t need to touch or produce a single thing until they empty their pockets and offload their bags for screening at airport security. Through the use of biometric technology, a passport will soon be replaced by a traveller’s face, and according to Amadeus ... Read More »

National planning rises as a priority

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Australia’s ports are changing shape to accommodate a new generation of super-size cargo ships and tankers while the growth of cruise shipping and increased security measures are also placing new demands on ports. At the same time, climate change is bringing new challenges for port authorities, not just in forecast rising sea levels but related factors such as sedimentation. For ... Read More »

US Gulf gasoline glut sparks rare tanker voyage to Australia

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NEW YORK: A gasoline cargo is set to make a rare voyage to Australia from the US Gulf Coast as swelling stockpiles have suppressed regional prices, opening up this unusual arbitrage opportunity, sources familiar with the matter said this week. Gulf Coast gasoline prices have hit their lowest seasonally since 2016 as inventories hover above the five-year average, according to ... Read More »

USS Green Bay USS Ashland arrive in Brisbane Australia

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The amphibious transport dock USS Green Bay (LPD 20) arrives in Brisbane, Australia for a scheduled port visit. Green Bay, part of the Wasp Amphibious Ready Group, with embarked 31st Marine Expeditionary Unit (MEU), is operating in the Indo-Pacific region to enhance interoperability with partners and serve as a ready-response force for any type of contingency. (U.S. Navy photo by ... Read More »

Alleged £17m scam firm in Australia ‘has links to Northern Ireland company’

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An Australian company, which is accused of operating an alleged scam, has been found to have close ties with a business based in Co Down. Viewble Media Pty Ltd is facing accusations of leaving Australian businesses almost AUS $31m (£16.9m) in debt. A BBC News NI investigation has discovered that Viewble Media was operating across the UK from Groomsport, after ... Read More »

Bank expands commercial footprint in Australia

Sun reflects off the front door sign of the Reserve Bank of Australia building in Sydney in this July 5, 2011 file photo. REUTERS/Tim Wimborne/Files

A global investment bank has announced its plans to expand its commercial offering to multinational Australian businesses after identifying “significant opportunities” in the market. Citi Commercial Bank has outlined its plans to build on its commercial footprint in Australia, after first entering the market in 2018. The group revealed that it will offer mid-sized Australian companies – which operate both ... Read More »

Tory push to ‘just get on’ with Brexit threatens Irish Border crisis

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We can’t go back to the “borders of the past” has been a constant political refrain on all sides in the Brexit debate. And we probably won’t, at least not in the way most people think of the old Irish Border, as a security checkpoint with watchtowers and soldiers. But a report published during the week points to what a ... Read More »

Jurisdiction of international companies with Australian-based employees under the spotlight

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A Chinese employee’s future is ‘up in the air’ after his airline employer was given leave to appeal a Fair Work unfair dismissal decision which had noted their ‘sinister’ recall of the employee to Beijing. The case has raised some jurisdictional questions for international companies operating in Australia. Capital Airlines Co Limited T/A Beijing Capital Airlines sought to appeal a ... Read More »

Uber takes its flying taxi ambitions to Australia

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Uber has said Australia will become the first international market for its flying taxi service Uber Air. The firm has selected Melbourne as the third pilot city for its air taxi programme, joining Dallas and Los Angeles. Test flights are due to start from 2020, with the aim of launching commercial operations from 2023. Several companies are developing flying taxis ... Read More »