Monday, December 23

Tag: Australian Capital Territory

Macquarie’s First-Half Profit Falls, to Launch Up to A$2 Billion Buyback
3Nov By adminNo Comments
World

Macquarie’s First-Half Profit Falls, to Launch Up to A$2 Billion Buyback

Updated Nov. 2, 2023 7:52 pm ETSYDNEY—Macquarie Group’s first-half net profit fell by 39%, but the company said its strong capital position means it could soon begin buying back shares worth up to 2.0 billion Australian dollars (US$1.29 billion).Macquarie, Australia’s biggest investment bank and asset manager, said its net profit for the six months through September fell to A$1.42 billion, from A$2.31 billion a year earlier.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Australia, China Take Steps to Resolve Wine Dispute as Trade Row Cools
22Oct By adminNo Comments
World

Australia, China Take Steps to Resolve Wine Dispute as Trade Row Cools

ADELAIDE, Australia—Australia will suspend a dispute with China before the World Trade Organization over antidumping duties on Australian wine after Beijing agreed to an expedited review of the measures, another sign of improving ties between the two countries.Beijing’s review of its duties on Australian wine imports is expected to take five months and Canberra will resume its dispute at the WTO if the duties aren’t removed at the end of the review, Australia’s Prime Minister Anthony Albanese said Sunday. Albanese also said he plans to meet with President Xi Jinping in China next month, the first visit to China by an Australian prime minister since 2016.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More