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(Reuters) -Australia’s Finance Sector Union said on Monday it was filing a dispute with the Fair Work Commission, seeking urgent intervention over ANZ Group’s plans to cut 3,500 jobs, citing inadequate consultation with affected workers. The Finance Sector Union, in a strongly worded statement, called the ANZ a bank in crisis that has left thousands …

Australia’s Finance Sector Union seeks intervention in ANZ’s plan to cut 3,500 jobs Read More »

MELBOURNE (Reuters) -The world’s biggest mining company, BHP, touted its solid copper potential and flagged the investment appeal of the United States on Monday, but was silent on the prospect of major buyouts, as top executives briefed shareholders. CEO Mike Henry and Chief Financial Officer Vandita Pant answered select questions in the first major opportunity …

BHP flags organic copper growth, US allure, silent on big buyouts Read More »

SYDNEY (Reuters) -Australian bank ANZ agreed on Monday to pay a record-breaking A$240 million ($159.5 million) in fines for systemic failures ranging from acting “unconscionably” in a government bond deal to charging dead customers. Here is a timeline of fines handed ANZ in recent years, according to regulator, the Australian Securities and Investments Commission (ASIC): …

ANZ’s $160 million fine for rule breaches is latest in series of missteps Read More »

By Byron Kaye SYDNEY (Reuters) -Authorities in Sydney approved construction of data centres without requiring measurable plans to cut water use, raising concerns the sector’s rapid growth will leave residents competing for the resource. The New South Wales state government, which presides over Australia’s biggest city, green-lit all 10 data centre applications it has ruled …

Exclusive-In Australia, a data centre boom is built on vague water plans Read More »

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The U.S. Federal Reserve holds its latest policy meeting this week with a historic challenge to its leadership pending in the courts and a rushed effort underway to confirm President Donald Trump’s nominee to fill an open seat on the central bank’s Board of Governors.  The Fed …

Fed faces key week of decisions with membership, political independence in doubt Read More »