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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, 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 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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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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Dollar scales three-month peak on yields boost

Dollar scales three-month peak on yields boost

By Rae Wee SINGAPORE, Oct 1 (Reuters) - The dollar touched a more than three-month high on Thursday, supported by an extended rise in US Treasury yields that has been partly driven by concerns about persistent global price pressures stemming from the US-Israeli war on Iran.
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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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Rising bond yields put the brakes on stocks

Rising bond yields put the brakes on stocks

By Tom Westbrook SINGAPORE, Sept 29 (Reuters) - Oil prices and bond yields rose in an uncomfortable combination for stocks on Tuesday, as investors braced for an era where short-term borrowing costs settle at their highest levels in years.
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Stocks fall as Middle East stalemate boosts oil

Stocks fall as Middle East stalemate boosts oil

By Wayne Cole and Amanda Cooper SYDNEY/LONDON, Sept 28 (Reuters) - Global stocks fell on Monday, as oil jumped on the stalemate in US-Iranian talks, ahead of a week already packed with macroeconomic risk, while the dollar headed for its best monthly performance since June. 
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Stocks slip in Asia as oil and yields climb

Stocks slip in Asia as oil and yields climb

By Wayne Cole SYDNEY, Sept 28 (Reuters) - Share markets were mostly lower on Monday as oil prices popped higher again amid doubts the United States and Iran will reach a truce anytime soon, keeping bonds under pressure ahead of a week packed with economic news.
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Stocks slip in Asia as oil climbs, bonds retreat

Stocks slip in Asia as oil climbs, bonds retreat

By Wayne Cole SYDNEY, Sept 28 (Reuters) - Share markets were mostly lower on Monday as oil prices popped higher again amid doubts the United States and Iran will reach a truce anytime soon, keeping bonds under pressure ahead of a week packed with economic news.
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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