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Australian home prices fall for sixth straight month, set for worst downturn in 30 years

Australian home prices fall for sixth straight month, set for worst downturn in 30 years

By Stella Qiu SYDNEY, Oct 1 (Reuters) - Australian home prices fell for a sixth straight month in September as a slump in transaction volumes deepened, data showed on Thursday, with another interest rate hike this week expected to tip the market into its worst downturn in three decades.
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Australian regulator to review banking sector AI use and customer impacts

Australian regulator to review banking sector AI use and customer impacts

By Scott Murdoch SYDNEY, Sept 30 (Reuters) - Australia's corporate regulator said on Wednesday it would formally review the country's banking sector's usage of AI in dealing with customers.
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Australia's Metrics freezes some fund redemptions in sign of private credit market stress

Australia's Metrics freezes some fund redemptions in sign of private credit market stress

SYDNEY, Sept 30 (Reuters) - Metrics Credit Partners, one of Australia's biggest private credit firms, said it had frozen investor redemptions from some funds and delayed the release of financial reports, in the latest sign of stress in the non-bank lending sector.
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Australian home prices fall for sixth month, face worst slump in 30 years

Australian home prices fall for sixth month, face worst slump in 30 years

By Stella Qiu SYDNEY, Oct 1 (Reuters) - Australian home prices fell for a sixth straight month in September, on track for the worst downturn in three decades, with persistent inflation pressure leaving little prospect of relief from high interest rates after this week's hike.
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Australian home prices fall for sixth straight month in September, sales tumble

Australian home prices fall for sixth straight month in September, sales tumble

SYDNEY, Oct 1 (Reuters) - Australian home prices fell for a sixth month in September as a slump in transaction volumes deepened, data showed on Thursday, with another interest rate hike this week likely to tip the market into the worst downturn in three decades.
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Australia inflation stubbornly high in August, defying run of rate hikes

Australia inflation stubbornly high in August, defying run of rate hikes

By Stella Qiu and Wayne Cole SYDNEY, Sept 30 (Reuters) - Australian inflation accelerated in August as fuel costs surged anew and price pressures remained broadly based, showing little impact as yet from a run of interest rate increases this year.
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Major Australian private lender suspends three ASX funds, cuts asset values after audit

Major Australian private lender suspends three ASX funds, cuts asset values after audit

SYDNEY, Sept 28 (Reuters) - One of Australia's biggest private credit lenders suspended trading of three of its ASX-listed funds on Monday and said it would mark down their asset values after auditors disagreed with assumptions used in preliminary financial reports.
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OpenAI apologises for Australian government website hack, pledges to rebuild trust

OpenAI apologises for Australian government website hack, pledges to rebuild trust

(Corrects typographical error in headline) SYDNEY, Sept 29 (Reuters) - OpenAI apologised for the hacking of an Australian government website by a rogue AI agent, committing funding to improve cyber defences and to establish a local response taskforce as scrutiny mounts over the high-profile incident
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Australian developer axes Sydney suburban data centre plan after local opposition

Australian developer axes Sydney suburban data centre plan after local opposition

SYDNEY, Sept 28 (Reuters) - Australia's biggest property company on Monday abandoned plans to build a data centre metres from people's homes in the Sydney suburbs after the proposal sparked fierce local opposition.
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Australia posts budget deficit of $15.7 billion for 2025/26 financial year

Australia posts budget deficit of $15.7 billion for 2025/26 financial year

SYDNEY, Sept 28 (Reuters) - Australia reported a final budget deficit of A$22.3 billion ($15.65 billion) for the year to June 2026, better than previously expected, as lower spending and stronger tax receipts boosted the government's bottom line, Treasury said on Monday.
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Anthropic, OpenAI will not attend Australian senate AI hearing on October 1

Anthropic, OpenAI will not attend Australian senate AI hearing on October 1

By Anzar Mehraj Sept 28 (Reuters) - Anthropic will not appear before an Australian senate committee hearing on AI on October 1, a source familiar with the matter said, days after a disclosure that an agent from OpenAI gained unauthorized access to the country's health system database.
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Australia's Megaport rallies after bagging $687-million AI contracts

Australia's Megaport rallies after bagging $687-million AI contracts

By Jasmeen Ara Islam Shaikh and Rajasik Mukherjee Sept 29 (Reuters) - Australian network and cloud services provider Megaport said on Tuesday it won three AI infrastructure contracts worth about A$978.6 million ($686.88 million) and raised its annual earnings forecast, sending its shares nearly 21%