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(Reuters) - The coronavirus outbreak has virtually shut down corporate Australia and New Zealand, forcing companies to throw out their strategic plans and resulting in thousands of layoffs or staff suspensions.
SYDNEY: Australia’s two biggest casino companies said they would shut off half their poker machines to force gamblers to engage in “social distancing” and slow the spread of the coronavirus, as concerns about their future revenue sent shares tumbling.
SYDNEY: Crown Resorts Ltd billionaire James Packer has endured blow upon blow for more than three years: a bruising clash with Chinese authorities and at least two aborted deals with suitors.
SYDNEY: Shares of companies highly exposed to China's economy tumbled across Asia on Tuesday on rising concern about the impact of global travel bans associated with a virus outbreak, and even as some stocks involved in preventative health spiked.
SYDNEY (Reuters) - Australia will advocate for the release of a Chinese-born Australian writer held by Beijing on suspicion of espionage, Prime Minister Scott Morrison said on Thursday, rejecting warnings by China not to interfere.
SYDNEY: Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
CANBERRA (Reuters) - A Chinese-born Australian writer held in China since January has been formally arrested on suspicion of espionage, the Australian and Chinese governments said on Tuesday, amid growing diplomatic tension between Canberra and Beijing.
SYDNEY: Australian casino giant Crown Resorts Ltd says its annual profit fell on less gambling by Chinese tourists, and it again denied media reports alleging the company flouted visa rules that have triggered three regulatory probes.SYDNEY: Australian casino giant Crown Resorts Ltd says its annual profit fell on less gambling by Chinese tourists, and it again denied media reports alleging the company flouted visa rules that have triggered three regulatory probes.
SYDNEY: Crown Resorts Ltd and Australian government agencies will be investigated after allegations of money laundering at the firm’s casinos and the fast-tracking of visas for wealthy overseas gamblers.