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☆ Australia Welcomes Israel-Hamas Ceasefire as 'Important Progress'
▼ + stars: | 2023-11-24 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

SYDNEY (Reuters) - Australia's Prime Minister Anthony Albanese said on Saturday a truce in the Israel-Hamas war marked "important progress" in the conflict, as he welcomed the release of hostages by Palestinian Islamist group Hamas. Hamas fighters released 24 hostages on Friday during the first day of the war's first ceasefire after guns fell silent in the Gaza Strip for the first time in seven weeks. "Australia welcomes the release of hostages and the pause in hostilities to allow humanitarian access to Gaza," Albanese said on social media platform X. "Today’s developments represent important progress and Australia welcomes them." In Australia, the conflict has triggered protests from both Jewish and Palestinian groups, with thousands turning out for rallies in the country's largest cities.

Persons: Anthony Albanese, Albanese, " Albanese, Sam McKeith, Daniel Wallis Organizations: SYDNEY, Australia's, Palestinian, Hamas Locations: Israel, Gaza, Australia, Sydney

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

☆ EIG CEO says consortium no longer willing to negotiate with Origin's top investor
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: 1 min

Blair Thomas, CEO of EIG, poses in an undated handout photo obtained January 5, 2021. Acquire Licensing RightsSYDNEY, Nov 23 (Reuters) - EIG Partners CEO Blair Thomas said on Thursday the consortium behind the $10.6 billion bid for Origin Energy (ORG.AX) was "done" negotiating with top shareholder AustralianSuper in an attempt to gain its backing for the offer. Thomas said he believed AustralianSuper, which holds 16.5% of Origin, was acting against the best interests of the company's remaining shareholders. EIG is part of the consortium led by Canada's Brookfield. Reporting by Scott Murdoch in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Blair Thomas, Danthi, Thomas, Canada's, Scott Murdoch, Jamie Freed Organizations: Rights, EIG, Origin Energy, Thomson Locations: Canada's Brookfield, Sydney

Origin said based on the early votes received the original offer would not have won support. Under the new terms, 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. 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 ($8 billion). Origin shareholders would receive a total of A$9.08 per share, with an additional A$0.22 if EIG got up to 90.1% control of Origin. Institutional investors who have already voted on the A$9.43 offer can choose to change or keep their vote, or opt to invest in the energy markets business.

Persons: Dado Ruvic, EIG, Chris Bowen, Scott Murdoch, Lewis Jackson, Miral Fahmy, Lincoln, Sonali Paul Organizations: Brookfield, REUTERS, Companies Brookfield, Origin Energy, Brookfield ., EIG Partners, Australia Pacific LNG, Brookfield consortium's, Energy, Thomson Locations: SYDNEY, Brookfield, Sydney, Australian, Australia

☆ Taiwan says Australian warship sailed through Taiwan Strait
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, Nov 24 (Reuters) - Taiwan's defence ministry said on Friday that an Australian warship had sailed through the Taiwan Strait, the sensitive and narrow waterway that separates the democratically governed island from China. The ship, which it did not name, entered the strait on Thursday and sailed in a southerly direction, the ministry added. Last week, Canberra complained of an incident involving a Chinese warship and an Australian navy vessel in Japan's Exclusive Economic Zone (EEZ) in which an Australian military diver was injured. The U.S. Navy sends ships through the strait around once a month in what it calls "routine" transits. Taiwan has over the past four years complained of repeated Chinese military activity around the island, especially in the strait.

Persons: Ben Blanchard, Kirsty Needham, Diane Craft, Stephen Coates Organizations: U.S . Navy, Thomson Locations: TAIPEI, Australian, Taiwan Strait, China, Australia, Canberra, Taiwan, Sydney

☆ South Korea court orders Japan to compensate 'comfort women', reverses earlier ruling
▼ + stars: | 2023-11-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

REUTERS/Jason Reed/File Photo Acquire Licensing RightsSEOUL, Nov 23 (Reuters) - A South Korean appellate court on Thursday ordered Japan to compensate a group of 16 women who were forced to work in Japanese wartime brothels, overturning a lower court ruling that dismissed the case and prompting a stern protest from Tokyo. In response to the court's decision, Japanese vice minister for foreign affairs Masataka Okano summoned South Korean ambassador Yun Dukmin to lodge a "strong protest". The Seoul High Court, however, reversed the lower court's decision, recognising the jurisdiction of South Korean courts over the Japanese government as a defendant. In a statement, Japanese Foreign Minister Yoko Kamikawa said the judgment went against international law and agreements between the two countries, calling it "extremely regrettable and absolutely unacceptable." South Korea's foreign ministry said it was looking into details of the latest ruling, without elaborating.

Persons: Jason Reed, Yoon Suk Yeol, Fumio Kishida, Masataka Okano, Yun Dukmin, Yoko Kamikawa, Lee Yong, I'm, 1,294.3500, Hyonhee Shin, Chang, Ran Kim, Makiko Yamazaki, Ed Davies, Simon Cameron, Moore, Sharon Singleton Organizations: REUTERS, Rights, South, Seoul Central, Court, Seoul High Court, Thomson Locations: Sydney, Australia, Korea, Rights SEOUL, Japan, Tokyo, South Korean, Seoul, South, Republic of Korea

Trading in Origin Energy shares was paused on Thursday. Brookfield Corp (BN.TO), which has teamed up with EIG Partner's MidOcean Energy, and Origin Energy did not respond to requests for comment. Origin shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Scott Murdoch, Lewis Jackson, Miral Fahmy Organizations: Brookfield, REUTERS, Rights, Origin Energy, Brookfield Corp, Energy, Investors, Newmont Corp, Newcrest Mining, VanEck, Reuters, Origin, Thomson Locations: Brookfield, Lincoln

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 23 (Reuters) - A Brookfield-led consortium's A$16.3 billion ($10.61 billion) bid for Origin Energy (ORG.AX) is expected to fail after the largest shareholder in Australia's biggest energy retailer said it would vote against the offer at an investor meeting on Thursday. The energy company's shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Brookfield and Origin Energy declined to comment on Thursday's vote. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid arrived, suggesting investors were pessimistic of its success.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Macquarie, Ian Myles, Scott Murdoch, Lewis Jackson, Miral Organizations: Brookfield, REUTERS, Rights, Origin Energy, Newmont Corp, Newcrest Mining, Brookfield Corp, Energy, VanEck, Reuters, Thomson Locations: Brookfield, Sydney

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.

☆ Australia goes on cyber offensive with sweeping resilience plan
▼ + stars: | 2023-11-22 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

Broken Ethernet cable is seen in front of binary code and words "cyber security" in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 22 (Reuters) - Australia will give cyber health checks for small businesses, increase cyber law enforcement funding and introduce mandatory reporting of ransomware attacks under a security overhaul announced on Wednesday after a spate of attacks. "We cannot continue as we have," Cyber Security and Home Affairs Minister Clare O'Neil told reporters in Sydney. Unveiling the seven-year strategy, O'Neil said that while large businesses received some of the biggest cyber attacks, they typically recovered, but attacks on small and medium-size businesses could be terminal. "Minister O'Neil's Strategy establishes cyber security as a unifying nationwide endeavour," he added.

Persons: Dado Ruvic, Clare O'Neil, O'Neil, Aidan Tudehope, O'Neil's, telco, Byron Kaye, Stephen Coates Organizations: REUTERS, Rights, Labor, Security, Home Affairs, Australian Cyber Security, U.S, Australian Securities and Investments Commission, Macquarie Technology, telco Optus, Singapore Telecommunications, Medibank, Thomson Locations: Australia, Sydney, Britain

☆ Australia have their 'legacy' after winning World Cup: Cummins
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Cricket - ICC Cricket World Cup 2023 - Final - India v Australia - Narendra Modi Stadium, Ahmedabad, India - November 19, 2023 Australia's Pat Cummins celebrates with the trophy after winning the ICC Cricket World Cup REUTERS/Amit Dave Acquire Licensing RightsSYDNEY, Nov 22 (Reuters) - Australia captain Pat Cummins said his team had created their own legacy by winning the nation's record-extending sixth one-day World Cup as players returned home from India on Wednesday. The Australia skipper touched down in Sydney with team mates and was still glowing about their achievement. "Every half an hour or so, you kind of remember that we just won the World Cup and get excited all over again," Cummins told reporters at the airport. "I think they have created their own legacy," Cummins added. "I mean, a World Cup, you only get one chance every four years and especially playing someone like India, it’s hard.

Persons: Narendra Modi, Pat Cummins, Amit Dave, Cummins's, Cummins, we’ve, hadn’t, James Redmayne, Ian Ransom, Shri Navaratnam Organizations: Cricket, ICC Cricket, Narendra, ICC Cricket World, Rights, India, Thomson Locations: India, Australia, Ahmedabad, Sydney, South Africa

☆ Australia regulator targets 'carbon neutral' claims in greenwashing crackdown
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Office buildings are seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. ASIC has filed three lawsuits alleging unfounded environmental claims by two pension funds and a personal finance platform, and named so-called greenwashing as one of its priority enforcement areas for 2024. she added.,The regulator would hold investment distribution platforms accountable for the products they sell. So far, the regulator had issued interim orders to stop the distribution of some 80 investment products which it considered inappropriate. "For a number of those stop orders, the issuers of the products did step back, they've corrected ... and they've reissued it," she said.

Persons: Loren Elliott, Sarah Court, they've, Byron Kaye, Ayushman, Subhranshu Sahu, Miral Organizations: Central Business District of, REUTERS, Australian Securities and Investments Commission, Thomson Locations: Central Business District of Sydney, Australia, Melbourne, Sydney

☆ Pro-Palestinian Protesters Arrested at Australian Port
▼ + stars: | 2023-11-21 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

SYDNEY (Reuters) - Australian police arrested 23 pro-Palestinian protesters for blocking roads near one of the country's largest container ports in Sydney, authorities said on Wednesday, after they protested against a ship owned by Israeli carrier Zim. About 400 people had gathered near Port Botany on Tuesday evening for a planned unauthorised protest activity, New South Wales state police said. Protesters who did not comply with directions and occupied roads near the port were charged with offences, including disrupting operations of a major facility. Protesters carried Palestinian flags, chanted "free Palestine" to banging drums, and held signs "Boycott ZIM" and "End the Gaza Blockade", television footage showed. Police forcibly removed some protesters from near the port's entrance.

Persons: McDonald's, Benjamin Netanyahu, Renju Jose, Stephen Coates Organizations: SYDNEY, Australian, Zim, Protesters, Police, Starbucks, Tuesday Locations: Sydney, Port Botany, New South Wales, Palestine, Gaza, Israel, Australia, McDonald's, Melbourne

SYDNEY, Nov 22 (Reuters) - Australasian pharmaceutical distributor EBOS Group (EBO.NZ) has shelved a A$3.75 billion ($2.4 billion) deal to buy Australian vet chain Greencross, sending its shares down 7% during early trade on Wednesday. EBOS was due to pay A$3.75 billion to acquire Greencross, and was set to raise about A$2 billion as early as Wednesday, said one of the sources who could not be named discussing confidential information. The capital raising and associated buyout was put on hold because of weaker than expected demand from EBOS investors, the second source said. TPG and Greencross did not immediately respond to a request for comment. U.S. private equity TPG bought Greencross in 2019 and delisted it from the ASX in a deal worth A$669 million.

Persons: EBOS, Greencross, Scott Murdoch, Marguerita Choy, Stephen Coates Organizations: SYDNEY, EBOS, TPG Capital, TPG, Greencross, City Farmers, Liontown Resources, Thomson Locations: Australia, New Zealand, Albemarle, Sydney, Bengaluru

☆ Transgender cricketer retires after ICC ruling
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The International Cricket Council (ICC)'s decision, made at a board meeting on Tuesday, follows similar rulings over the last couple of years by the global chiefs of swimming, rugby union, cycling and athletics. "Inclusivity is incredibly important to us as a sport, but our priority was to protect the integrity of the international women's game and the safety of players." Critics of transgender inclusion in women's sport say going through male puberty imbues athletes with a huge musculo-skeletal advantage that transition does not mitigate. The ICC said the ruling, which followed a nine-month consultation process and applies only to international cricket, would be reviewed after two years. Australian-born McGahey, who has played international cricket for Canada for more than a year, said the campaign for transgender inclusion in women's sport would continue.

Persons: Danielle McGahey, McGahey, Nick Mulvenney, Ken Ferris Organizations: International Cricket Council, ICC, Thomson Locations: Canadian, Canada, Sydney

☆ Flights cancelled, residents to evacuate as Papua New Guinea volcano erupts
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Ash column rises from Mount Ulawun, as seen from an aeroplane window, Papua New Guinea November 21, 2023, in this picture obtained from social media. Enoch Lapa/via REUTERS Acquire Licensing RightsSYDNEY, Nov 21 (Reuters) - Some residents of a remote Papua New Guinea island were preparing on Tuesday to evacuate from the vicinity of an erupting volcano that shot a cloud of ash into the sky forcing the cancellation of some flights. Flights from the island's Hoskins airport had been cancelled, the broadcaster said, adding that the volcano was still erupting. Papua New Guinea is on the Pacific Ring of Fire, a horse-shoe shaped band of volcanoes and fault lines circling the edges of the Pacific Ocean. Reporting by Alasdair Pal in Sydney; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Enoch Lapa, Clement Bailey, Hoskins, Alasdair Pal, Robert Birsel Organizations: REUTERS Acquire, Rights, NBC, Thomson Locations: Mount Ulawun, Papua New Guinea, Papua, Guinea, New Britain, Sydney

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. If the BOJ pulls interest rates above zero for the first time in years, banks' lending margins could rise. Steve Donzé, deputy head of investment at Pictet Asset Management in Tokyo, said he had also been buying Japanese bank stocks. BOND PAINJapanese inflation means bond investors could suffer. But investors are cautious about this so-called yield curve control policy ending as the BOJ is forced to tighten monetary policy.

Persons: Issei Kato, Shigeka Koda, Koda, Steve Donzé, Junichi Inoue, Janus Henderson, James Halse, Warren Buffett, David Hogarty, Jon Day, Grégoire Pesques, Amundi, Pictet's Donzé, Naomi Rovnick, Kevin Buckland, Dhara Ranasinghe, Jane Merriman Organizations: Bank of Japan, REUTERS, LONDON, Asia Investment, Kosaido Holdings, Kyushu Financial, Pictet, Management, Platinum Asset Management, Global, Bank of America, Tokyo Stock Exchange, Dublin, Newton Investment Management, Thomson Locations: Tokyo, Japan, TOKYO, Singapore, Sydney, United States, Europe, London

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Closely watched U.S. treasury yields slipped after auction, while global oil futures gained $2 on the prospect of supply cuts. Europe's benchmark STOXX index (.STOXX) inched up 0.1%, with energy stocks (.SXEP) leading gains. The healthcare sector (.SXDP) fell after shares in Bayer (BAYGn.DE) dropped to their lowest in 14 years. The dollar index fell to 103.26, its weakest since the start of September, as investors appeared to solidify bets that the Fed could start cutting interest rates next year.

Persons: Brendan McDermid, Dow Jones, Quincy Krosby, Krosby, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Will Dunham, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, U.S, Bayer, Nasdaq, Microsoft, Nikkei, Trading, LPL, Tech, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, Thursday's U.S, United States, Europe, Italy, New York, Sydney, London

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The MSCI World Equity Index (.MIWD00000PUS) gained 0.38% by 10:37 a.m. EST (1537 GMT) and Europe's benchmark STOXX index (.STOXX) rose 0.08%. The tech-heavy index (.IXIC) gained 0.44% to 14,187.16, as the Dow Jones (.DJI) rose 0.25% to 35,035.33 and the S&P 500 index (.SPX) gained 0.27% to 4,526.14. The dollar index fell to 103.46, its weakest level since the start of September, as investors appeared to solidify bets that the Fed could start cutting rates next year. "Dovish minutes could trigger some downside risk for the dollar," Ricardo Evangelista, senior analyst at ActivTrades, said.

Persons: Brendan McDermid, Dow Jones, Israel, Ricardo Evangelista, Goldman Sachs, Moody's, Brent, Chris Prentice, Wayne Cole, Lawrence White, Lincoln, Susan Fenton, Sharon Singleton, Andrew Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, Global, U.S, Nasdaq, Microsoft, Nikkei, Hamas, Tech, Treasury, European Central Bank, NAB, Thomson Locations: New York City, U.S, SYDNEY, United States, Gaza, Europe, Italy, New York, Sydney, London

Parent Singapore Telecommunications (STEL.SI) announced the resignation of Optus CEO Kelly Bayer Rosmarin days after a network-wide outage left nearly half of Australia's 26 million people without phone or internet for 12 hours. Appointed in April 2020, Rosmarin headed Optus through two national scandals that have tarnished the reputation of the telco giant. A massive data hack last year exposed the personal data of 10 million Australians and triggered a class action lawsuit and multiple investigations from regulators. Optus executives told the parliamentary hearing on Friday the telco provider had not foreseen a network-wide outage and so had no backup plan in place. (This story has been corrected to change date of Optus network outage to earlier this month, not last week, in paragraph 7)Reporting by Himanshi Akhand in Bengaluru, and Lewis Jackson and Byron Kaye in Sydney; Editing by Lisa Shumaker and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Kelly Bayer, Michael Venter, Singtel, Rosmarin, ”, telco, Yuen Kuan, Peter Kaliaropoulos, Himanshi, Lewis Jackson, Byron Kaye, Lisa Shumaker, Stephen Coates Organizations: telco Optus, Parent Singapore Telecommunications, Optus, Triple, Thomson Locations: Optus, Bengaluru, Sydney

A pedestrian looks at his phone as he walks past a logo for Australia's Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsSYDNEY, Nov 20 (Reuters) - Westpac Banking Corp (WBC.AX), Australia's third largest bank by market capitalisation, said on Monday it would raise A$750 million ($488.1 million) in an Additional Tier 1 (AT1) capital transaction. The AT1 bonds are used by banks to stabilise cashflow in periods of stress, according to APRA. Under that deal, holders of Credit Suisse AT1 bonds received nothing, while shareholders, who usually rank below bondholders in terms of who gets paid when a bank or company collapses, received $3.23 billion. ($1 = 1.5366 Australian dollars)Reporting by Scott Murdoch in Sydney; Editing by Muralikumar Anantharaman and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Stephen Jones, Scott Murdoch, Muralikumar Anantharaman, Stephen Coates Organizations: Australia's Westpac Banking Corp, REUTERS, Rights, Westpac Banking Corp, Westpac, prudential, Credit Suisse, APRA, Credit Suisse AT1s, Commonwealth Bank, Credit, Thomson Locations: Sydney, Australia

Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western Australia. About $550 million will be used for developing an electrolyser and liquefaction facility in Phoenix, where first production of liquid green hydrogen is targeted for 2026. I think some of the market's concerns will be allayed because the capital investment required is pretty minimal in the scheme of things." Under a plan to ramp up its green energy business, Fortescue said in August it would stop allocating 10% of its net profit to that unit. Fortescue shares were up 1% on Tuesday in a strong market for iron ore miners, with peers BHP (BHP.AX) and Rio Tinto (RIO.AX) up 1.5% and 2% respectively.

Persons: Melanie Burton, Australia's Fortescue, Fortescue, David Coates, BHP, Himanshi, Richard Chang, Clarence Fernandez Organizations: Fortescue Metals Group, REUTERS, Arizona, MELBOURNE, Gladstone, Fortescue Energy, Fortescue, Rio Tinto, Thomson Locations: Pilbara, Port Hedland, Western Australia, U.S, Phoenix , Arizona, Queensland, Australia, Phoenix, Brazil, Kenya, Norway, BellPotter, Sydney, Michigan, New York, Rio, Bengaluru

☆ McLennan replaced by Herbert as Rugby Australia chairman in boardroom coup
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +3 min

New Australia rugby union coach Eddie Jones poses with Rugby Australia Chairman Hamish McLennan and CEO Andy Marinos after his first news conference since his reappointment, which was held at Matraville Sports High School, in Sydney, Australia January 31, 2023. REUTERS/Nick Mulvenney/File Photo Acquire Licensing RightsSYDNEY, Nov 20 (Reuters) - Hamish McLennan was replaced as chairman of Rugby Australia (RA) by former Wallabies centre Dan Herbert late on Sunday as the fallout from the country's early World Cup exit continued to reverberate. McLennan, a successful businessman who had overseen the hiring of Eddie Jones to run the ill-fated World Cup campaign, immediately resigned from the board. "Australia will host the British and Irish Lions Tour in 2025, the Men's 2027 Rugby World Cup and the Women's 2029 Rugby World Cup and the 2032 Olympic Games," he added. RA paid tribute to McLennan's role in helping the game get through the COVID pandemic, which brought the governing body close to bankruptcy, and in securing the hosting of the men's and women's World Cups.

Persons: Eddie Jones, Hamish McLennan, Andy Marinos, Nick Mulvenney, Dan Herbert, McLennan, Herbert, Jones, Dave Rennie, Phil Waugh, Rugby Australia's, Toby Davis Organizations: New Australia rugby, Rugby Australia, Matraville Sports High School, REUTERS, Rights, Wallabies, Australia, New South Wales Rugby Union, Australian Capital Territory, ACT, Super Rugby, Irish Lions, Rugby, Thomson Locations: Sydney, Australia, England, Queensland

A board displaying stock prices is adorned with the Australian Securities Exchange (ASX) logo in central Sydney, Australia, February 13, 2018. That will, however, take time, with the overhaul now expected to finish in 2029, some 13 years after it began. It also prompted the Australian Securities and Investments Commission (ASIC) to open an investigation into the exchange's disclosures about the project. ASX said it expected the first stage of the new project, clearing software, to cost between A$105 million and A$125 million with delivery around 2026. The cost and timing of the settlement and other software will be decided in 2024.

Persons: David Gray, Tim Whiteley, Joe Longo, Longo, Byron Kaye, Himanshi, Edwina Gibbs Organizations: Australian Securities Exchange, REUTERS, Tata Consultancy Services, New, Australian Securities and Investments Commission, Thomson Locations: Sydney, Australia, India, Finland, Canada, New York, Bengaluru

☆ Australia criticises China for 'unsafe, unprofessional' naval interaction
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +2 min

Australia's Defence Minister Richard Marles attends a joint news conference with France's Foreign and Defence ministers at the Quai d'Orsay in Paris, France, January 30, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsSYDNEY, Nov 18 (Reuters) - Australia's government said on Saturday it had expressed serious concerns to China after an "unsafe and unprofessional" interaction between an Australian navy vessel and Chinese warship left Australian military divers injured. He said despite the Australian vessel notifying the Chinese warship of the diving operation and requesting that it keep clear, the destroyer approached "at a closer range". "Soon after, it was detected operating its hull-mounted sonar in a manner that posed a risk to the safety of the Australian divers who were forced to exit the water." The conduct was "unsafe and unprofessional", Marles said.

Persons: Richard Marles, Sarah Meyssonnier, Marles, Sam McKeith, Tom Hogue Organizations: Australia's, France's Foreign, Quai d'Orsay, REUTERS, Rights, Defence, PLA, HMAS, People's Liberation Army Navy, Solomon Islands, U.S, Thomson Locations: Paris, France, China, Australian, Toowoomba, HMAS Toowoomba, Australia, Solomon, United States, Sydney

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