Australia

Australia’s finance industry is beset by a raft of compliance lapses — from data reporting breaches to trader misbehavior — reigniting concerns the $541 billion sector has struggled to clean up after a litany of scandals came to light six years ago. Most recently, the Australian markets regulator sued Macquarie Group Ltd.’s local securities business, alleging the misreporting of millions of short sales for more than a decade. At rival ANZ Group Holdings Ltd., new Chief Executive Officer Nuno Matos said improving risk management is one of his key priorities...

Rohan Dennis pleaded guilty to one charge of creating the likelihood of harm Hoskins' parents spoke outside the court after sentencing, saying they were "glad" the case was over and they hoped the family could "move on". A judge said Dennis had disregarded his wife's safety, but was not criminally responsible for her death. Dennis pleaded guilty to one aggravated count of creating the likelihood of harm, after Hoskins was struck by the car he was driving during a fight outside the couple's Adelaide home in 2023. Former world champion...

Australia’s Queensland state garnered strong demand for its first-ever benchmark euro bond issuance as it turns offshore to broaden the investor base.

Queensland Treasury Corp. sold €1.25 billion ($1.4 billion) worth of debt maturing in May 2035 on Tuesday after receiving more than seven times worth of orders for the deal, according to terms seen by Bloomberg.

SYDNEY--Australian wages growth accelerated for the first time in a year in the first quarter, sending a message of caution to the Reserve Bank of Australia as it prepares to discuss a further cut in interest rates next week. The wage price index rose 0.9% in the first quarter, and by 3.4% from a year earlier, the Australian Bureau of Statistics said Wednesday. Wages grew by 3.2% in the prior quarter, and by 4.0% in the same quarter a year ago. Economists had expected annual wage growth closer to 3.2%,...

Australia’s Folk Bitch Trio have announced their debut album Now Would Be A Good Time, out July 25th via Jagjaguwar. To accompany the announcement, the group — Gracie Sinclair, Jeanie Pilkington, and Heide Peverelle — also dropped the new single “Cathode Ray.” A track about “bodily, deeply human anxieties,” the gem expertly showcases their heavenly harmonies, with a stripped-down melody that aches in vulnerability: “I walk a free man so it canʼt be love/But everybody needs somebody/To make their body/Come undone.” As Sinclair says of the track, “It expresses a...

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Newley Purnell in Hong Kong looks at the push for child safety spanning governments across the Asia-Pacific region.

Questionable financing: SoftBank, concerned about the global economic outlook, has slowed its plans to invest $100 billion in artificial intelligence infrastructure in the US, which is highlighted by a joint venture with OpenAI and Oracle called Stargate.

Australia look set to face a major selection dilemma for the World Test Championship final at Lord’s with captain Pat Cummins, Josh Hazelwood and Cameron Green all returning to their squad. Cummins’s side will bid to defend their Test crown against South Africa from 11 June and will welcome back their skipper after he missed the tour of Sri Lanka earlier this year following an ankle issue and the birth of his second child. Fellow fast bowler Josh Hazlewood also bolsters the seam options in the squad with the pair...

Cameron Green and Pat Cummins have been named in Australia's 15-man squad for next month's World Test Championship final against South Africa at Lord's. All-rounder Green suffered a stress fracture in his lower back during the one-day international series in England last year and had surgery in October. Cummins returns as captain after missing the tour of Sri Lanka because of the birth of his second child in February as well as being ruled out of the Champions Trophy campaign earlier this year because of an ankle injury. Fellow pace...