Australia a ‘proxy battle’ for world on news media code, says Treasurer

Australia a ‘proxy battle’ for world on news media code, says Treasurer
SYDNEY (Reuters) - Australia has been a “proxy battle” for the world, Treasurer Josh Frydenberg said on Tuesday after announcing Facebook would restore news pages in the country following ammendments to a proposed law.Australia and the social media group have been locked in a standoff for more than a week after the government introduced legislation… Read More

Australia won’t advertise COVID-19 vaccine on Facebook but vows publicity

Australia won’t advertise COVID-19 vaccine on Facebook but vows publicity
SYDNEY (Reuters) - Australia’s government pledged a publicity campaign for its rollout of COVID-19 vaccine on Sunday - but not in Facebook advertisements, as a feud continues over the social media giant blocking news content from its platform in the country.Facebook Inc’s abrupt decision on Thursday to stop Australians from sharing news on its platform… Read More

Australia, NZ dollars extend gains on oil surge, economic optimism

Australia, NZ dollars extend gains on oil surge, economic optimism
SYDNEY, Feb 16 (Reuters) - The Australian and New Zealand dollars extended their gains against the greenback on Tuesday, as optimism around a global economic recovery and a spike in oil prices underpinned the commodity-exposed currencies.The Aussie bounced 0.29% to $0.7802, the highest in a month. The next chart barrier sits at $0.7820, its January… Read More

Australia shares climb on improving U.S. stimulus hopes, no new local virus cases

Australia shares climb on improving U.S. stimulus hopes, no new local virus cases
* Vocus surges on buyout offer* Miners lifted by higher iron ore prices* NZ closed for Waitangi DayFeb 8 (Reuters) - Australian shares rose on Monday, with strengthening global risk sentiment as U.S. President Joe Biden’s $1.9 trillion COVID-19 package looked more certain of being pushed through, while investors also cheered an improving local coronavirus… Read More

Australia shares post best weekly jump in 3 mths as banks shine on c.bank’s policy support

Australia shares post best weekly jump in 3 mths as banks shine on c.bank’s policy support
* Financials hit their highest in 11 months* Afterpay closes at a record high* Big dividend paying stocks in favour after RBA comments - broker (Updates to close)Feb 5 (Reuters) - Australian shares ended higher on Friday, posting their best weekly jump in more than three months, led by gains in financials after the Reserve… Read More