Australia Concerned Over China’s BHP Ore Purchase Pause
Australian Prime Minister Anthony Albanese expressed concern over a report that China’s state-owned iron ore buyer paused purchases from BHP. Bloomberg cited sources indicating that China Mineral Resources Group (CMRG) advised steelmakers and traders to halt buying BHP’s iron ore during price negotiations. Albanese emphasised the importance of proper market
NAB to Cut 410 Jobs, Expand Hiring in India and Vietnam
The National Australia Bank (NAB) is reducing 410 positions in its technology and enterprise operations across Australia. Simultaneously, it is creating 127 new roles in India and Vietnam, as confirmed by an official spokesperson and initially reported by the nation’s financial services union. These developments follow shortly after rival
Asian Markets Show Volatility Amid Middle East Unrest
Asian markets witnessed a rocky start at the beginning of October as rising tensions in the Middle East region continued influencing investor sentiments, signalling mixed trading sessions. Hong Kong stock markets fell by 1% in its first hour of trade, whereas Australia’s S&P/ASX 200 index lost 0.46%. However, Hong Kong
