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The latest news, analysis and opinion on Perth. In-depth analysis, industry insights and expert opinion.
Head of Government
Lord Mayor Basil Zempilas
(Left to right) US Secretary of Defence Pete Hegseth, Australian Deputy Prime Minister and Defence Minister Richard Marles and UK Defence Secretary John Healey speaking to the media following their meeting to discuss Aukus in Washington on Wednesday. Photo: AFP
Australia

Why US review of Aukus submarine deal for Australia is kept secret

One reason is to maintain public support for the alliance by preventing any shortfalls of the deal from being made known, analysts say.

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Australia

UK woman jailed after drunk e-scooter crash killed father in Australia

Australia

Aukus faces an ‘America first’ review. Will Trump’s agenda scupper the deal?

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China-Australia relations

Chinese nationals in Australia blindsided by anti-immigration marches

Sweeping rallies in all Australian capital cities protest against immigration, sparked by rising right-wing sentiment and cost-of-living crisis.

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A scuffle breaks out as protesters gather outside Flinders Street Station in Melbourne, Victoria, during the “March for Australia” anti-immigration rally. Photo: AAP/DPA
Australia

In Australia, a German backpacker is found after 12 days missing

Carolina Wilga, 26, was found ‘ravaged by mosquitoes’ on a bush track at the edge of a nature reserve.

Fame and celebrity

Meet Min Woo Lee, the pro golfer who was on FaceTime with Justin Bieber

Australian-born Lee, who’s winning over fans with his social media-savvy branding, and older sibling Minjee were the first brother-sister duo to win the US junior amateur championships.

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Asean

Biden skips Southeast Asia summits – is it a snub or strategy shift?

Biden’s absence does not necessarily indicate weaker US interest in Southeast Asia but rather a shift in engagement strategy, analysts say.

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US President Joe Biden poses with other leaders during the 2022 Asean summit in Phnom Penh. Photo: Reuters
Australia

‘I regret nothing’: Australia to jail self-described Nazi for salute

Jacob Hersant, 25, made the gesture in front of news media cameras six days after the Victoria state government made the Nazi salute illegal.

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Hong Kong stock market

Hong Kong stocks fall as profit-taking halts China onshore market frenzy

Hang Seng Index slipped 1.4 per cent, adding to its 9.4 per cent plunge on Tuesday, while the CSI 300 Index of onshore stocks sank 7.1 per cent.

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Hong Kong stock market

Hong Kong stocks hit 20-month high as China frenzy continues

Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus package in this cycle.

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Pedestrians walk past a stock ticker outside the Exchange Square in Central. Photo: EPA-EFE
Electric & new energy vehicles

Chinese premium EV maker Xpeng adds Qatar to export list

Firm is one of several stepping up international expansion efforts as ferocious domestic competition continues to ravage profit margins.

Workers check an Xpeng can at a plant in Zhaoqing, in southeast China’s Guangdong province, on October 09, 2023. Photo: Xinhua
Hong Kong stock market

Hang Seng Index posts biggest weekly gain in 5 months

Hong Kong stocks rose, with the city’s benchmark logging its biggest weekly gain in nearly five months, taking cues from a global rally.

Business of climate change

China’s world-leading electric-bus maker Yutong touts new tech as exports grow

With quick-charge batteries from CATL, firm aims to extend driving range by 10 per cent while cutting operating cost by 20 per cent.

Banking & finance

Hong Kong banks trim prime rates halfway after Fed’s bold slash

For a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, a quarter-point cut in prime rates will save mortgage borrowers HK$720 per month.

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Pedestrians in Hong Kong’s Sham Shui Po neighbourhood on 11 August 2024. Photo: Dickson Lee
China stock market

Chinese stocks edge up slightly; investors await Fed rate decision

Chinese stocks rebound from their lowest levels in more than five years as investors await a rate decision from the US Federal Reserve.

A street scene in Shanghai. Photo: Bloomberg
Hong Kong stock market

Hong Kong stocks rise, developers up on expected Fed move; Midea surges

Hong Kong stocks jumped as local developers rallied ahead of an expected Fed rate cut, while appliance maker Midea surged on its debut.

Bonds

Hong Kong, Macau to link bond markets to foster debt finance growth

The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to Macau Central Securities Depository and Clearing.

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China economy

China’s fading hunger for grain spells trouble for world farmers

Warehouses across China are bulging with grain amid a deepening economic crisis, reducing imports and straining the world’s farmers.

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A farmer collects grain during a canola harvest on a farm near Brora, Saskatchewan, Canada, on September 8, 2024. Photo: Bloomberg
Hong Kong stock market

Hong Kong stocks climb as weak China data boosts hopes for stimulus

Hong Kong stocks reverse earlier losses as weak China data spurs hope for more stimulus from Beijing.

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Hong Kong stock market

Hong Kong stocks rise on speculation about China mortgage-rate cuts

Hong Kong stocks jump for a second day as mainland developers rally on speculation about mortgage-rate cuts.

Hong Kong stock market

Alibaba, WuXi lead Hong Kong stock rebound on inflows, Fed rate focus

Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.

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An electronic ticker displays stock figures in Pudong’s Lujiazui Financial District in Shanghai on August 14, 2024. Photo: Bloomberg
Banking & finance

HSBC tops global dividend payout list; Asia-Pacific lags behind rest of world

HSBC emerged as the world’s largest dividend payer last quarter, China Mobile led Hong Kong peers as Asia-Pacific firms trailed rest of the world.

HSBC’s logo outside a branch on Pedder Street in Central, Hong Kong. Photo: Elson Li
Hong Kong stock market

Hong Kong stocks dip to 1-month low amid slumping oil prices

Chinese oil producers Sinopec and CNOOC led the decline after prices fell more than 4 per cent overnight to an almost three-year low.

Hong Kong stock market

Alibaba rally, China export surprise lift Hong Kong stocks

Hong Kong stocks edged up on an Alibaba rally and strong export data from China, while mainland developers tumbled.

China stock market

Hong Kong stocks slide to 3-week low as Citigroup cuts target on weak outlook

Citigroup lowered its Hang Seng Index target by 3 per cent in a note on Monday, citing weak consumption and corporate earnings outlook.

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Screens showing stock indices and prices outside the Exchange Square in Central. Photo: Sun Yeung
Hong Kong stock market

China’s stocks fall on growth jitters, Typhoon Yagi disrupts Hong Kong markets

Chinese stocks dropped after the nation’s central bank hinted at easing monetary policy, underscoring worries about growth. Also, expectations built for more consolidation in the brokerage industry

An investor at a brokerage in Beijing. Photo: Reuters
Hong Kong stock market

Hong Kong stocks cap longest decline streak in month; hopes for Fed cut abound

Hong Kong stocks fell for a fourth day in a row, the longest losing streak in a month, as investors weighed the prospect of an interest-rate cut by the Federal Reserve later this month following a weak US jobs report

Electric & new energy vehicles

China’s Changan Automobile sets up subsidiary in Germany

Company says its first subsidiary in Europe will perform marketing and engineering research to support further expansion on the continent.

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