Australian Unemployment Surprisingly Rises Despite Job Gains
Australian unemployment climbed further in August even as the economy added more jobs than anticipated, just days before the Reserve Bank meets to weigh resuming interest-rate increases.
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Australian unemployment climbed further in August even as the economy added more jobs than anticipated, just days before the Reserve Bank meets to weigh resuming interest-rate increases.
Hong Kong rail giant the MTR Corporation has won a bid as part of a consortium to design and build a metro station and develop property in Sydneyโs second central business district in Australia. The corporation said on Tuesday that it and its two partners โ both subsidiaries of Malaysian engineering firm and developer Gamuda Berhad โ won the bid as the joint-venture Riverside Link Consortium, with Australian media reporting the deal was worth A$880 million (HK$4.99 billion). The deal is a major...
Australian earnings beats are outpacing misses for the first time in four years, defying a challenging economic backdrop and bolstering chances for a stalled stock rally to resume.