Australian banks rally as conservative election win eases fears of new curbs

SYDNEY (Reuters) – Australian bank shares posted their biggest rally in a decade on Monday as a surprise conservative election win eased regulation fears, though a housing downturn and strict rules baked in since a misconduct inquiry could temper longer-term bullishness.FILE PHOTO: A board displaying stock prices is seen at the Australian Securities Exchange (ASX) […]

Winning during economic slowdown, Australia’s Morrison must halt rot

SYDNEY (Reuters) – Surprisingly retained by Australians in a national election over the weekend, Prime Minister Scott Morrison’s center-right government now needs to find a fast way out of a worrying slowdown in an economy that has been recession-free since 1991.Australian Prime Minister Scott Morrison speaks to the media as he arrives at the Horizon […]

Australia’s conservative coalition secures parliamentary majority

SYDNEY (Reuters) – Australia’s conservative coalition secured an outright parliamentary majority on Monday following a shock election victory, allowing Prime Minister Scott Morrison to progress his legislative agenda without the support of independents.Australia’s Prime Minister Scott Morrison with wife Jenny, children Abbey and Lily after winning the 2019 Federal Election, at the Federal Liberal Reception […]

In coal we trust: Australian voters back PM Morrison’s faith in fossil fuel

MELBOURNE (Reuters) – Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal – don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters should know what comes next in energy policy – big coal.FILE PHOTO: A […]

Australia PM struggles to meet tax relief election pledge, central bank urges stimulus

SYDNEY (Reuters) – Australia’s re-elected coalition said on Tuesday it would struggle to deliver tax breaks for tens of millions of voters by July 1, a cornerstone of it’s election campaign, as the central bank called for stimulus to aid a slowing economy.Australian Prime Minister Scott Morrison speaks to the media as he arrives at […]

Australian deputy PM re-elected after conservative coalition holds power

SYDNEY (Reuters) – Australian Deputy Prime Minister Michael McCormack was on Thursday re-elected leader of the junior partner in the coalition government after a strong party showing in last week’s election dispelled internal discontent about his performance. McCormack was elected leader of the rural-based National Party in February 2018 but he was left struggling to […]

In coal we trust: Australian voters back PM Morrison’s faith in fossil fuel

MELBOURNE (Reuters) – Australia’s re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, “This is coal – don’t be afraid!” His surprise win in what some dubbed the ‘climate election’ may have stunned the country, but voters should know what comes next in energy policy – big coal.FILE PHOTO: A […]

Australia PM in Solomon Islands to build ties with eye on China

SYDNEY (Reuters) – Prime Minister Scott Morrison arrived in the Solomon Islands on Sunday, the first visit by an Australian leader in more than a decade as Western nations seek to rein in China’s influence in the Pacific.FILE PHOTO: Prime Minister Scott Morrison speaks to the media as he arrives at the Horizon Church in […]