House prices in Sydney fell for the first time in almost two years in October as buyers were discouraged by affordability concerns, according to data released overnight. The broader Australian market advanced at a slower pace. Across the ditch, New Zealand's housing market is weighed down by a flood of listings.
Macquarie's half-year results fell short of analyst estimates as trading activity waned in its core commodities and global markets business. Net income for the six months to Sept. 30 rose to A$1.61 billion ($1.06 billion), from A$1.42 billion a year earlier.
Palau's President Surangel Whipps Jr told Bloomberg his nation faces increasing pressure from China to end its support for Taipei. Palau is one of Taiwan's last diplomatic allies in the Pacific, and Whipps Jr is facing a national election on Tuesday, the same day as the US presidential ballot. Palau's President Surangel Whipps Jr. Photographer: PHILIP FONG/AFP Private credit lenders are keen for more business in Australia. Firms such as Apollo Global Management-backed MaxCap Group and Pallas Capital are among those looking for opportunities in our commercial property sector.
Prime Minister Anthony Albanese has denied personally calling former Qantas boss Alan Joyce to ask for flight upgrades. The PM has said he declared all upgrades as well as his Chairman's Lounge membership.
The latest Bloomberg Australia podcast has landed. As shareholders await the outcomes of probes at WiseTech and Mineral Resources in the wake of damaging allegations, Rebecca Jones asks reporter Angus Whitley: how much do CEO scandals actually matter to investors in the long run? Australian retail sales held firm in September on the back of a strong outcome in the prior month, suggesting a period of weakness in household consumption is gradually abating. Sales advanced 0.1% from August, when they climbed a solid 0.7%. |
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