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Reuters - 3 days ago

Australia Inc roiled by string of cyber attacks since late 2022

FACTBOX-Australia Inc roiled by string of cyber attacks since late 2022 Updates to add cyberattack at Energy One Sept 29 (Reuters) - Australian firms have suffered many cyber attacks since September 2022, putting the spotlight on the country's understaffed cybersecurity industry that experts say seems ill-equipped to tackle such hacks, endangering sensitive information of people.
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Reuters - 4 days ago

Australia Aug retail sales post tepid rise, add to rate pause case

UPDATE 1-Australia Aug retail sales post tepid rise, add to rate pause case Adds detail from the report, comments from ABS By Stella Qiu SYDNEY, Sept 28 (Reuters) - Australian retail sales rose modestly in August as consumers continued to cut back on spending in the face of elevated living expenses and high borrowing costs, signalling interest rates may not have to rise further.
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Reuters - 5 days ago

China Evergrande chairman put under police watch; liquidation risk looms

WRAPUP 4-China Evergrande chairman put under police watch; liquidation risk looms Adds Evergrande bondholder's comment, updates share price By Scott Murdoch, Julie Zhu and Rae Wee HONG KONG, Sept 27 (Reuters) - The chairman of China Evergrande Group 3333.HK has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it grapples with the mounting threat of liquidation.
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Reuters - 6 days ago

Gold, miners drag Australian shares lower ahead of key inflation print

Gold, miners drag Australian shares lower ahead of key inflation print Gold and mining stocks decline CPI inflation data due on Wednesday Gains in financials limit benchmark losses Updates to close By Manvi Pant Sept 26 (Reuters) - Australian shares closed lower on Tuesday dragged by the losses in gold and mining stocks, while caution ahead of headline inflation data later in the week also weighed on sentiment.
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Reuters - 1 week ago

Macquarie downgrades Aussie banks as high costs clouds earnings

BUZZ-Macquarie downgrades Aussie banks as high costs clouds earnings ** Macquarie downgrades Australian banks .AXFJ to "underweight," flagging cost pressures due to higher expenses ** Brokerage projects cost growth 1-5% above the consensus estimate of 2-3% increase in FY24-25, tracking rising wages ** Adds, staff costs represent ~55% of banks' expe
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