Australia Tag

Australia’s Fair Work Ombudsman (FWO) has sued the country’s largest bank Commonwealth Bank of Australia (CommBank) [CBA:AU] and its subsidiary for underpaying 7,425 workers, as reported by Australian Financial Review on October 11. FWO launched an investigation into CommBank in 2019 after the bank self-reported...

Australian Prime Minister Scott Morrison declined to commit to a national coal phase-out, as reported by Reuters on September 26. At an interview following a summit at Washington, the Prime Minister said that emissions reduction plans were still in the works, and that he would...

BHP [BHP:US] unveiled that the group would sell its whole oil and gas business to Australian company Woodside Petroleum [WPL:AU], valued at about AUD20bn (USD14.7bn), as reported by Bloomberg on August 16. Woodside would issue new shares to BHP’s shareholders for acquiring the latter’s oil...

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