Major Australian Ports Reopen After Cyberattack Halts Operations

Updated Nov. 13, 2023 12:47 am ET|WSJ Pro SYDNEY—Some of Australia’s biggest ports restarted operations on Monday following a cyberattack that disrupted container traffic ahead of Christmas and highlighted vulnerabilities in the nation’s critical infrastructure. Dubai-based DP World shut down its terminals in Sydney, Melbourne, Brisbane and Fremantle after detecting suspicious activity on its systems … Read more

Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. “Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial … Read more

Macquarie’s First-Half Profit Falls, to Launch Up to A$2 Billion Buyback

Updated Nov. 2, 2023 7:52 pm ET SYDNEY—Macquarie Group’s first-half net profit fell by 39%, but the company said its strong capital position means it could soon begin buying back shares worth up to 2.0 billion Australian dollars (US$1.29 billion). Macquarie, Australia’s biggest investment bank and asset manager, said its net profit for the six … Read more

New Zealand’s Jobless Rate Rose Sharply in Third Quarter

SYDNEY—New Zealand’s unemployment rate rose sharply in the third quarter as the job market cooled due to the strain higher interest rates, while the supply of workers rose due to solid immigration rates. The seasonally adjusted unemployment rate was 3.9% in the third quarter, compared with 3.6% in the prior quarter, StatsNZ said Wednesday. Copyright … Read more

He Was Told He Had No Talent. This $7 Million Hawaii Home Is His Revenge.

His dreams of becoming an architect quashed by his high school teacher, Thomas Ryan finally got to showcase his knack for designing homes with a minimalist, geometric structure.

Basic Materials Roundup: Market Talk

Rio Tinto, Suncor and more in the latest Market Talks covering Basic Materials.

The Rare Indicator That's Still Optimistic About China's Property Market

Iron ore’s price has risen more than 20% since late May, outperforming metals such as copper and gold. Source link

Rio Tinto Backs Pilbara Outlook

Rio Tinto kept its guidance to cost and shipments for Pilbara unchanged for 2023 and targeted shipments of 323-338 million tons for next year. Source link

A Divided West Maui Reopens to Tourists: ‘You’re Visiting a Really, Really Fragile Place’

Hawaii leaders want to slowly welcome visitors crucial to the economy, but some residents say it is too soon Community members held a prayer circle Friday and some painted signs expressing their opposition to the Sunday return of tourists to West Maui, Hawaii, two months after a devastating fire there. Mario Tama/Getty Images Source link

Fonterra Raises 2023/2024 Farmgate Milk Price Forecast

Fonterra Co-operative Group raised its farmgate milk prices forecast, citing an improvement in the outlook for dairy supply and demand. Source link