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Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. When asked during a press conference if he had reservations about the revised deal, Chairman Scott Perkins said: "absolutely". DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.
Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia
New Zealand's Foreign Minister Winston Peters arrives at a news conference after he attended an emergency meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Turkey, March 22, 2019. The role of deputy prime minister, a key sticking point in the discussions, will be split between the populist NZ First party leader Winston Peters and ACT party leader David Seymour, the group announced in a statement. National Party deputy leader Nicola Willis will be finance minister and Peters will be foreign minister, the parties said. The coalition plans to repeal a ban on offshore oil and gas exploration and a ban on the sale of cigarettes to future generations introduced by the previous Labour government, according to coalition documents. "Foreign affairs does matter to this country.... all relationships do matter to this country," Peters said in a joint news conference in the capital Wellington after the announcement.
Persons: Winston Peters, Murad Sezer, David Seymour, Nicola Willis, Peters, Christopher Luxon, Luxon, ” Luxon, Jacinda, Helen Clark, Lucy Craymer, Praveen Menon, Diane Craft Organizations: Zealand's, of Islamic Cooperation, REUTERS, ACT NZ, National Party, NZ First, ACT, Party, Reserve, New Zealand, Bank of New, Labour, , New Zealanders, Police, Thomson Locations: Istanbul, Turkey, WELLINGTON, Bank of New Zealand, Wellington, Niue
The A$300 billion ($195.24 billion) pension fund was against the original offer, which it also said substantially undervalued the company's ability to profit from Australia's shift to renewable energy. Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.
Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia
Hadri and Umar on Thursday began their defence after being accused of murdering Mongolian Altantuya Shaariibuu. Sirul was arrested on an Interpol notice and has been held in an Australian immigration detention centre since January 2015, after fleeing Malaysia shortly before the verdict was handed down. His release comes just days after a landmark ruling by Australia's High Court that outlawed indefinite immigration detention, leading to the release of dozens of asylum seekers. Malaysia's top police official Razarudin Husain confirmed news of Sirul's release from Australian detention and said police would discuss with the Attorney-General and the courts the possibility of seeking extradition. Sirul was serving as a member of Najib’s personal security detail at the time of the murder.
Persons: Azilah Hadri, Sirul Azhar Umar, Hadri, Umar, Bazuki Muhammad, Najib Razak, Sirul, Razarudin Husain, Sirul’s, Najib, Praveen Menon, Rozanna, Lincoln Organizations: Thursday, Mongolian, REUTERS, Rights, Australia's, Attorney, Thomson Locations: Shah Alam, Kuala Lumpur, KUALA LUMPUR, Malaysian, Australia, Malaysia, Canberra, Malaysia’s, Sydney
SYDNEY, Nov 8 (Reuters) - Millions of Australians were left without a phone or internet connection on Wednesday after the country's second-largest telecommunications provider experienced an unexplained nationwide outage. "Our teams are working urgently to restore services. The government had sought further information from Optus including when they expected to restore services. Melbourne's train networks were forced to shut down for about 30 minutes due to the outage, resulting in delays during the morning rush, media reported. A cyber breach last year hit Optus, exposing personal details of millions of its customers, including their home addresses, driver licence and passport numbers.
Persons: telco, Michelle Rowland, Rowland, Renju Jose, Praveen Menon, Stephen Coates Organizations: SYDNEY, Optus, Singapore Telecommunications, Commonwealth Bank, CBA, Reuters, Federal Communications, ABC Radio, Thomson Locations: Sydney
Customers seen in the self-service checkout area of a Coles supermarket in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsOct 26 (Reuters) - Australian retailers are ramping up their tech security initiatives, including placing cameras at self-checkouts and body-worn cameras on staff, to combat a surge in stock theft and customer aggression aggravated by the cost of living crisis. "Unfortunately the data suggests it's continuing to occur," added Thomson, whose firm counts Coles and Woolworths as clients. Reports of store theft surged 23% in Australia's three largest states of New South Wales, Victoria and Queensland, home to three-quarters of the population, in the year to March 2023, according to the latest available government statistics, as COVID-related restrictions ended. Reports of threatening behaviour by shoppers rose to 17% of all security reports logged by Australian store staff in 2023, from 10% three years earlier, according to Auror data reviewed by Reuters.
Persons: Loren Elliott, Phil Thomson, Thomson, Coles, Leah Weckert, Weckert, Brad Banducci, Gerard Dwyer, Rishav Chatterjee, Byron Kaye, Praveen Menon, Christian Organizations: Coles, REUTERS, Woolworths, New, Reuters, National, of, Allied Employees Association, Thomson Locations: Sydney, Australia, New Zealand, Australia's, New South Wales, Victoria, Queensland, Bengaluru
[1/2] Voters walk past Vote 'Yes' and Vote 'No' signs at the Old Australian Parliament House, during The Voice referendum in Canberra, Australia, October 14, 2023. REUTERS/Tracey Nearmy Acquire Licensing RightsSYDNEY, Oct 15 (Reuters) - Australian Indigenous leaders called on Sunday for a week of silence and reflection after a referendum to recognise the First Peoples in the constitution was decisively rejected by a majority of the population. Aboriginal and Torres Strait Island people make up 3.8% of Australia's 26 million population and have inhabited the country for about 60,000 years. The leaders said they would lower the Aboriginal and Torres Strait Island flag to half-mast for the week and urged others to do the same. 'REFLECT HARD'Prime Minister Anthony Albanese staked significant political capital on the Voice referendum, but his critics say it was his biggest misstep since coming to power in May last year.
Persons: Tracey Nearmy, Lloyd Walker, Walker, Jade Ritchie, it’s, Anthony Albanese, Peter Dutton, Cordelia Hsu, Jill Gralow, Chizu Nomiyama Organizations: Old Australian, House, REUTERS, Rights, Peoples, Aboriginal, First Peoples, national rugby, Reuters, Thomson Locations: Canberra, Australia, Torres, Canada, New Zealand
[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.
Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia
[1/5] Voters are seen at the ballot box at the Old Australian Parliament House, during The Voice referendum in Canberra, Australia, October 14, 2023. "I sincerely hope that Australians, when they walk into that ballot box today, vote 'Yes'," Albanese said in Sydney, according to a transcript. Supporters of the proposal believe entrenching an Indigenous Voice in the constitution would unite Australia and usher in a new era with its Indigenous people, who account for 3.8% of the population and are its most disadvantaged, by most socio-economic measures. Another voter and 'No' campaigner, Greg Mason, doubted the usefulness of an Indigenous Voice to Parliament. Constitutional change requires a majority of votes both nationwide and in at least four of the six states.
Persons: Tracey Nearmy, Anthony Albanese, " Albanese, Michael Mahoney, Sydneysider Geoff Sumner, Greg Mason, Stefica Nicol, Praveen Menon, William Mallard, Clarence Fernandez Organizations: Old Australian, House, REUTERS, Aboriginal, Australian, Stefica Nicol Bikes, Thomson Locations: Canberra, Australia, Sydney SYDNEY, Sydney, Torres, Melbourne, Perth, Beach
SYDNEY, Oct 13 (Reuters) - Australia Prime Minister Anthony Albanese made a final plea to vote in favour of recognising Indigenous people in the constitution in a referendum on Saturday, as opinion polls show the vote is set to fail. The latest opinion poll released on Thursday predicted the 'No' camp sweeping the polls with a lead of 56% over the 'Yes' vote that's at 38%, with some 6% undecided. In 1967 a referendum to count Indigenous people as part of the Australian population was a resounding success as it secured bipartisan political support. The 2023 referendum has not garnered united political support, with leaders of the major conservative parties campaigning for a 'No' vote. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive.
Persons: Anthony Albanese, Albanese, haven’t, Noel Pearson, Praveen Menon, Michael Perry Organizations: SYDNEY, Australia, Aboriginal, REUTERS, Indigenous, Thomson Locations: Torres, Adelaide, Todd, Alice Springs, Australia
More than 4 million people have already cast their ballot after early voting began on Oct. 2. "Our final poll indicates a sweeping ‘No’ victory – with nearing six in 10 voters intending to cast a ‘No’ vote," said Amir Daftari, YouGov Director of Polling and Academic research. Support for the referendum, the first since voters rejected a 1999 proposal to become a republic, has ebbed over the past few months. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive. Referendums are difficult to pass in Australia, with only eight referendums being approved since it became a country in 1901.
Persons: Rita Wright, Loren Elliott, YouGov, Yougov, Amir Daftari, , Praveen Menon, Stephen Coates Organizations: Australian, REUTERS, Rights, Aboriginal, Indigenous, Thomson Locations: Sydney, Australia, Torres
Here's what you need to know about Australia's Voice to Parliament campaign:WHO ARE AUSTRALIA'S INDIGENOUS PEOPLE? Australia's Indigenous population plummeted after British colonisation began in 1788 as they were dispossessed of their land, exposed to new diseases, forced to work in slave-like conditions, and killed by colonisers. The country also created Maori seats in parliament, allowing the Indigenous population to choose to vote for candidates for these seats or participate in the general election. HOW DID THE VOICE REFERENDUM COME ABOUT? In 2022, Labor's Anthony Albanese became prime minister and said Australians would have their say in a referendum to include an Aboriginal and Torres Strait Islander Voice to Parliament.
Persons: Praveen Menon SYDNEY, colonisers, Labor's Anthony Albanese, Lidia Thorpe, Praveen Menon, Alasdair Pal, Stephen Coates Organizations: WHO, Torres Strait, Nations, Te reo, Torres Strait Islander, Albanese's Labor Party, Greens, Independent, Green, Liberal Party, Party, Liberals, Nationals Locations: Australia, Canada, Waitangi, Uluru, New Zealand, Sydney
More than 4 million people have already cast their ballot after early voting began on Oct. 2. With less than two days to go before voting day on Oct. 14, those opposed to the proposal lead the 'Yes' camp by 56% to 38%, according to the final poll by YouGov published on Thursday. "Our final poll indicates a sweeping ‘No’ victory – with nearing six in 10 voters intending to cast a ‘No’ vote," said Amir Daftari, YouGov Director of Polling and Academic research. Support for the referendum, the first since voters rejected a 1999 proposal to become a republic, has ebbed over the past few months. Supporters argue the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive.
Persons: Rita Wright, Loren Elliott, YouGov, Yougov, Amir Daftari, , Praveen Menon, Stephen Coates Organizations: Australian, REUTERS, Rights, Aboriginal, Indigenous, Thomson Locations: Sydney, Australia, Torres
REUTERS/Jaimi Joy/File Photo Acquire Licensing RightsSYDNEY, Oct 13 (Reuters) - Phone lines at 13Yarn, a national Indigenous helpline in Australia, are ringing off the hook. Australians will vote 'Yes' or 'No' to a single line question, asking whether they agree to alter the 122-year old constitution to recognise the First Peoples. It will also create a body, called the Voice to Parliament, that can advise the government on matters affecting the Indigenous community. Supporters believe the change will unite Australia and usher in a new era with its Indigenous people, who continue to be the most marginalised people in Australia. Ian Hamm an Aboriginal man who chairs the First Nations Foundation, an Aboriginal rights organisation, said he felt his community’s voice was at risk of being silenced.
Persons: Jaimi, Marjorie Anderson's, Anderson, they've, Nathan Allen, Gilbert, Tobin, Allen, Surya Deva, Deva, Price, Anthony Albanese, Ian Hamm, Praveen Menon, Kat Stafford, Stephen Coates Organizations: REUTERS, Rights, Reuters, Australia, United Nations, Development, UN, Indigenous Peoples, First Peoples ., Authorities, Indigenous, Nations Foundation, Thomson Locations: Todd, Alice Springs, Australia, 13Yarn, Torres, Australia's, Sydney, Canada, New Zealand
Napaltjarri, 55, is one of dozens of Indigenous Aboriginal and Torres Strait Island people who are treated each day for kidney failure at remote dialysis clinics run by The Purple House, an Aboriginal community-led health service. Headquartered in Alice Springs, it's an example of how community involvement can improve outcomes for Australia's Indigenous people, The Purple House CEO Sarah Brown told Reuters in an interview. Purple House is evidence of how including the community can improve outcomes, Brown said. Kidney failure is a common cause of death among the Indigenous. Treatment for kidney failure requires dialysis for five hours a day, thrice a week.
Persons: Jill Gralow, Praveen Menon ALICE SPRINGS, Rachel Napaltjarri, She's, Sarah Brown, Brown, Alice Springs, Praveen Menon, Sonali Paul Organizations: Aboriginal, Purple, Reuters, Australian Bureau of Statistics, Torres Strait Locations: Alice Springs, Torres, Australia, Northern Territory, Western Australia, South Australia, Darwin
[1/2] People rally during the 'Walk for Yes', hosted by the Yes23 campaign Australia's upcoming referendum on Indigenous issues, at the Todd River in Alice Springs, Australia, September 17, 2023. Australians will vote on Oct 14, asked if they support a change to the constitution to include a "Voice to Parliament", an Indigenous committee to advise parliament on matters affecting Aboriginal and Torres Strait Island people. A video published online showed a man in a balaclava claiming to be from a neo-Nazi group, burning the Aboriginal flag, performing a Nazi salute, and threatening Senator Lidia Thorpe. Thorpe asked during a news conference in Melbourne. Aboriginal people track below national averages on most socio-economic measures and suffer disproportionately high rates of suicide, domestic violence and imprisonment.
Persons: Jaimi, Lidia Thorpe, Thorpe, I’m, Anthony Albanese, I've, " Albanese, Praveen Menon, Michael Perry Organizations: REUTERS, Rights, Nazi, Australian Federal Police, AFP, Thomson Locations: Todd, Alice Springs, Australia, Torres, balaclava, Melbourne, New Zealand, Canada
Experts have partly attributed the slump to misinformation, along with a lacklustre "Yes" campaign and conservative opposition. That's something I have been wondering about," he said, referring to laws allowing Indigenous Australians to claim rights to land based on traditional occupation. Reaching out to Aboriginal Australia can be challenging, as communities are scattered over vast distances and speak more than 150 languages. Votes from the Northern Territory and the Australian Capital Territory count toward only the former. Visiting Alice Springs last month, Reuters saw "Yes" campaign posters on walls in the town centre and in government office complexes.
Persons: Praveen Menon AREYONGA, Tarna Andrews, Andrews, Sarah Gallagher, Anthony Albanese, Albanese, Albert Namatjira, Patrick Oliver, Oliver, Conrad Ratara, Ratara, Les Turner, Turner, it's, Lidia Thorpe, Nampijinpa Price, Price, Kathy Coulthard, Alice Springs, Natasha McCormack, Bill Yan, Praveen Menon, Jill Gralow, David Crawshaw Organizations: Aboriginal, Torres Strait, Reuters, Labor, Voice, New, Central Land Council, Australian, Victoria Locations: Australia, Alice Springs, Areyonga, Northern Territory, New Zealand, Canada, U.S, Hermannsburg, Canberra, Northern
New Zealanders start voting in Oct. 14 general election
  + stars: | 2023-10-01 | by ( Lucy Craymer | ) www.reuters.com   time to read: +1 min
REUTERS/Praveen Menon Acquire Licensing RightsWELLINGTON, Oct 2 (Reuters) - New Zealanders on Monday started voting for a new government as advance in-person balloting opened ahead of the Oct. 14 general election. Chief Electoral Officer Karl Le Quesne said in a statement that 400 polling places were open on Monday. Voting before election day has increased in popularity, and in 2020, 68% of votes were cast in advance, Le Quesne said. Overseas electronic and in-person voting at embassies opened last week for enrolled voters. New Zealand does not use mail voting but in special circumstances some people can vote electronically.
Persons: Praveen Menon, Karl Le Quesne, , Le Quesne, Chris Hipkins, Lucy Craymer, Cynthia Osterman Organizations: New, REUTERS, Rights, Zealanders, Overseas, National Party, Labour Party, Thomson Locations: New Zealand, Wellington , New Zealand, Zealand
Warning that livelihoods are at stake, farmers are looking to conservative candidates who will unwind or delay these Labour policies. The two will travel the length of New Zealand over 10 days to encourage rural communities to vote for a change. Farmers in New Zealand have staged several protests in the past two years against growing regulations and agricultural emission schemes. New Zealand will also become the first country in the world to tax farmer for methane from animals from 2025. Wayne Langford, president of farmer lobby group Federated Farmers, said recent policies had been impractical, difficult to implement and caused significant frustrations.
Persons: Praveen Menon, Bryce McKenzie, Laurie Paterson, John Deere, , McKenzie, Chris Hipkins, James Shaw, Wayne Langford, it's, Langford, Lucy Craymer, Michael Perry Organizations: REUTERS, Rights, New Zealand Labour Party, Farmers, ACT, Taxpayers, Union, Curia, National, Labour, Green Party, Federated Farmers, New Zealand, Thomson Locations: Hawke's Bay , New Zealand, Southland, New Zealand, Rural, Zealanders, Netherlands, Zealand
The proposal has been struggling to get majority support with recent opinion polls showing voters are will reject it. A record 97.7% of eligible Australians have enrolled to vote in the referendum, the Australian Election Commission (AEC) said in a statement late on Thursday. More than 8.4 million people, 47% of the roll, were not enrolled when the last referendum was held in 1999, the commission added. Indigenous Australians, who account for 3.8% of the population, face disadvantages including discrimination, poor health and education outcomes and high incarceration rates. Some Indigenous Australians want stronger action, including a treaty with the government.
Persons: Rita Wright, Loren Elliott, Tom Rogers, Anthony Albanese's, Albanese, we’ll, Praveen Menon, Lincoln Organizations: Australian, REUTERS, Rights, Torres Strait, Commission, Nations, Anthony Albanese's Labor, Thomson Locations: Sydney, Australia
Dozens of campaigners who built substantial audiences during the COVID era by opposing Australia's pandemic response have turned their focus to undermining the Oct. 14 referendum, analysis of social media posts by independent fact-checkers shows. The direct link between COVID agitators and misinformation about the Voice has not been previously reported in detail. Polls show support for the Voice has slumped from about two-thirds in April to less than 40% this month. Not one X post containing electoral misinformation was marked or taken down in the monitoring period, before or after being reported, Reset.Tech said. "Many of the accounts pushing electoral misinformation narratives turned to a style of anti-lockdown politics during the pandemic," said Reset.Tech Australia executive director Alice Dawkins.
Persons: William Bay, Hitler, Bay, Reset.Tech, Elon Musk, Alice Dawkins, Ella Woods, Joyce, Evan Ekin, Smyth, Donald Trump, Luke Howarth, Covid, David Heilpern, Graham Hood, Pauline Hanson, Tristan Van Rye, Hood, Hanson, Van Rye, Ed Coper, Rosita Diaz, Diaz, BILL Australia's, Michelle Rowland, we're, Elise Thomas, Byron Kaye, Praveen Menon, Daniel Flynn, David Crawshaw Organizations: Reuters, REUTERS, Facebook, COVID, Meta, Reset.Tech, U.S, Southern Cross University, Qantas, Aboriginal, Labor, Communications, Advance Australia, Institute for Strategic, Thomson Locations: Brisbane, Australia, BRISBANE, Brisbane's, Reset.Tech Australia, Northern Territory, Canada, U.S, New Zealand, Melbourne
SYDNEY, Aug 30 (Reuters) - Australia said on Wednesday that a referendum to recognise the country's Indigenous people in its constitution will be held on October 14. The Aboriginal and Torres Strait Islander people, who represent about 3.2% of Australia's nearly 26 million population, are not mentioned in the constitution. Here are five things to know about the referendum:PROPOSED CHANGES TO THE CONSTITUTIONThe Parliament in August agreed to propose adding a new chapter, Chapter IX-Recognition of Aboriginal and Torres Strait Islander Peoples to the Constitution. The referendum question would be: "A Proposed Law: to alter the Constitution to recognise the First Peoples of Australia by establishing an Aboriginal and Torres Strait Islander Voice. The election commission has said the referendum will see more voting services delivered to remote communities than any other vote in Australia's history.
Persons: Praveen Menon, Alasdair Pal Organizations: SYDNEY, Aboriginal, Torres Strait, Torres Strait Islander Peoples, First Peoples of, Torres Strait Islander, Executive Government, Peoples of Australia, Australian Capital Territory, ACT, Thomson Locations: Australia, Australia's, First Peoples of Australia, Commonwealth, Northern Territory, Sydney
[1/5]A Yes23 volunteer holds pamphlets while speaking with commuters about the upcoming Voice to Parliament referendum, in Melbourne, Australia August 30, 2023. Some senior Liberal party leaders, however, have broken ranks and supported the Voice referendum. "The Voice delivers recognition and respect to Indigenous Australians in the manner they have sought," Turnbull said in an opinion piece in The Sydney Morning Herald on Wednesday. In the most recent referendum in 1999, Australians voted against changing the constitution to establish Australia as a republic. "I’m just trying to vote yes for the recognition of the real owners of Australia," Sydney resident Oscar Rodas, who was at one of the campaigns, told Reuters.
Persons: Albanese, SYDNEY, Anthony Albanese, Pat Anderson, Jacinta Nampijinpa Price, James Ross, Malcolm Turnbull, Turnbull, I’m, Oscar Rodas, Cordelia Hsu, Stephen Coates Organizations: Wednesday, Aboriginal, Torres Strait, First Nations Peoples, Liberal, REUTERS Acquire, Liberal Party, Sydney Morning Herald, Sydney, Reuters, Thomson Locations: Torres Strait, Adelaide, Torres, Australia, Canada, New Zealand, Melbourne, Lincoln
A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsSYDNEY, Aug 25 (Reuters) - Australia's second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Friday, the latest retirement manager to look overseas as the country's pension sector outgrows the home market. The team will "almost certainly" be based in London and only be small because ART relies mostly on external managers, Patrick said, adding the office would likely open between now and mid-2024. A decision on a second overseas office would be made 12 to 24 months after the first opens. ART invests roughly two-thirds of all new money funds overseas.
Persons: Hollie Adams, Ian Patrick, Patrick, HarbourVest, Neuberger Berman, Lewis Jackson, Praveen Menon, Jacqueline Wong Organizations: REUTERS, Rights, Reuters, Stepstone, AustralianSuper, Nikkei, Thomson Locations: City, London, Britain, New York, China
Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSYDNEY, Aug 18 (Reuters) - Australia's wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19 pandemic. The recent removal of tariffs on Australian barley has fed hopes for an early easing of the five-year tariffs China imposed on Australian wine in 2021. Australian wine exports declined a tenth in value to A$1.87 billion and 1% in volume to 621 million litres in the year ended June, Wine Australia’s Export Report said in July. "All we can say is next time you go to buy a bottle of wine, make sure it's Australian," McLean said.
Persons: Florence, Pia Piggott, Lee McLean, McLean, Piggott, Praveen Menon, Clarence Fernandez Organizations: REUTERS, Rights, Rabobank, China, Labor, Wine Estates, Thomson Locations: Beijing, China, Australia, Britain, Europe, United States, Asia
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