Emily Cadman

Australia will ban the live export of sheep by sea from May 2028, and help those impacted by the decision to adjust, Agriculture Minister Murray Watt said.

The Australian government has promised to spend billions on housing programs as it tries to appease mounting voter angst about a chronic shortage of homes.

Australia is on track to cut its greenhouse emissions by 42% below 2005 levels by 2030, Climate and Energy Minister Chris Bowen said, citing new projections that will be released formally this week.

Australia’s government will introduce legislation this week to facilitate the largest overhaul of the central bank in a generation, including setting up a separate governance board and scrapping the treasurer’s power to reverse policy decisions.

PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.

Australia’s energy minister has ruled out a ban on new coal mines as part of the country’s overhaul of climate policy.

Australian Treasurer Jim Chalmers promised the government would deliver a “responsible” budget to avoid stoking further inflationary pressures in the economy.

Hot US Housing Market Drives Home Equity Loans and Cash Out Refinancing Binge  Bloomberg

Taxing the Rich: Do Housing Prices Fall When Empty Second Homes Are Taxed?  Bloomberg

The U.S. president wants to cut back a tax break that allows investors to keep buying and selling properties without paying capital gains.

A flurry of so-called block trades have wiped billions of dollars off stocks as financial institutions unwind bets related to a New York-based family office.

Bloomberg Wealth reviews assets that made a splash this week.

Climate change is making things worse as Australia’s biggest city expands.

Australia house prices fell the most in 16 months in June, and face “significant” downside risk as mortgage holidays and government wage subsidies expire in coming months.

For the past two decades, Australia’s housing market has mostly been a one-way bet on rising prices.

As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.

Brian Hartzer succumbed to the inevitable and resigned as Westpac Banking Corp. chief executive officer Tuesday, forced out by an investor backlash over allegations the lender committed the biggest breach of money-laundering laws in Australia’s history.

Brian Hartzer has resigned as Westpac Banking Corp. chief executive officer, succumbing to investor pressure after the lender was engulfed by allegations it committed the biggest violation of money-laundering laws in Australian history.

Brian Hartzer’s catchphrase to Westpac Banking Corp. colleagues was “it will be the numbers that do the talking,” as he pushed for improvements at the Australian lender.

Westpac Banking Corp. Chief Executive Officer Brian Hartzer is digging in after the lender was accused of the biggest breach of money-laundering and terrorism financing laws in Australian history, including failing to detect payments linked to child abuse.