Australia’s biggest football rivalry is looking beyond the country’s borders. Rugby league is expanding into Papua New Guinea, while Aussie rules is looking to India and its cricket grounds for potential growth.
Australia's housing slump is rippling far beyond real estate agents and mortgage lenders. As higher interest rates and the government's rollback of key property tax concessions sap demand, a sharp drop in home sales is hitting a vast ecosystem of businesses that rely on properties changing hands, from furniture stylists and landscapers to conveyancers, removalists and painters. More here:
Australian hedge fund manager Raphael Lamm, whose long-short gold fund has delivered a net return of more than 200% to investors since its launch, sees the recent decline in bullion as temporary.
Australian unemployment climbed further in August even as the economy added more jobs than anticipated, just days before the Reserve Bank meets to weigh resuming interest-rate increases