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The AUD/NZD exchange rate held steady on Tuesday and was about to form a golden cross after the Reserve Bank of Australia (RBA) delivered its interest rate decision. It was trading at 1.0965, up by nearly 3% from its lowest level this year.  RBA interest rate decision The AUD/USD exchange rate rose following the RBA’s

Australia’s largest airline, Qantas Airways, was ordered by a federal court on Monday to pay a record fine of A$90 million ($58.6 million) for unlawfully dismissing 1,800 ground staff during the Covid-19 pandemic, marking the biggest penalty in the history of the nation’s labour laws. The ruling by Justice Michael Lee caps a lengthy legal

Australian shares surged past the key 9,000 mark for the first time on Thursday, lifted by financials and a string of upbeat corporate earnings. The S&P/ASX 200 index gained 1.1% to 9,019.10, marking an all-time high and closing record. The benchmark has risen in seven of the past 15 sessions this month, extending a rally

Shares of Zip Co. surged more than 25% on Friday, reaching their highest level in over three years, after the buy-now-pay-later company reported a sharp rise in annual earnings and unveiled plans for a secondary listing in the United States. The stock climbed as much as 25.6% to A$3.92 in early trade, its strongest level

The AUD/NZD exchange rate continued its strong rally, reaching a three-year high as concerns about the Reserve Bank of Australia (RBA) rose. The pair soared to a high of 1.1310, in its eighth consecutive week, up by over 6.16% from its lowest level in June this year.  RBA and RBNZ divergence continues The AUD to

Australia is expanding its regional cybersecurity network, pledging A$83.5 million ($54.4 million) to strengthen defences across the Indo-Pacific amid rising cross-border digital threats. The four-year plan, running until 2028, underscores Canberra’s view that cyberattacks have evolved beyond national boundaries and require collective action. According to a Bloomberg report, the funding, channelled through Australia’s Southeast Asia

AirTrunk, the Australian hyperscale data centre operator acquired by Blackstone Inc. for A$24 billion ($16 billion), is expanding into India as part of its broader Asia-Pacific growth strategy. The move signals India’s growing importance in the global digital infrastructure landscape, driven by accelerating demand for artificial intelligence processing power and data capacity. As investors pour

The Australian dollar continued its strong uptrend this week, reaching its highest point in over a year amid odds of divergence between the RBA and the Federal Reserve interest rates. The AUD/USD pair jumped to a high of 0.6710, up by 13.4% from its lowest point this year. RBA and Federal Reserve divergence The AUD/USD

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