Page 75 - Au News Today

China's introduction of the world's strictest nutrient standards for infant formula are likely to see scores of brands give up on a market that is shrinking along with the country's falling birth rates, industry executives and analysts say.

Australia's unemployment rate needs to rise to help contain inflation and avoid higher interest rates and a deep recession, a top central banker warned on Tuesday, after data showed little loosening in a still drum-tight labour market.

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

The New Zealand government said on Monday it is reviewing the country’s emissions trading scheme (ETS) and the use of forestry to help offset carbon emissions because of concerns the current process may not boost emissions reductions.

Australia's Woodside Energy Group said on Tuesday it had approved the development of the $7.2 billion Trion ultra deepwater oil project in the Gulf of Mexico, which is expected to provide a strong and quick return on investment.

The yen languished near a 15-year low against the euro and around a seven-month trough against the dollar on Friday, ahead of a closely-watched policy decision by the Bank of Japan, where it is set to stay ultra-dovish in the face of its hawkish peers.

Australia's AGL Energy said on Friday that it has revised up the low end of its underlying operating earnings guidance due to increased generation.

Asian stocks braked around two-month highs on Thursday, while the dollar nursed modest losses, after the U.S. Federal Reserve chose not to hike interest rates for the first time in 17 months, even if it opened the door to more hikes ahead.

An Australian senator on Thursday said she was followed, aggressively propositioned and inappropriately touched by another senator in parliament house, and called on the government to make the building safer for women.

Inflation is easing but major central banks remain hawkish, with a long-awaited pause from the U.S. Federal Reserve this week coming with a warning by the world's most influential interest rate setter that the tightening cycle may not be over yet.