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Australia to extend domestic gas security mechanism to 2030
The ADGSM, designed to restrict LNG exports and divert volumes to the domestic market, is triggered only in a year when gas demand shortages are forecast in advance. It does not respond to immediate energy shortages.

Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation
There was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much. Would it be a “regular” increase of 25 basis points? Or a double-whammy of 50. The markets tipped the...

Two whale rescues in one day prompt fresh call for removal of shark nets in Queensland
Dr Leonardo Guida, a shark specialist at the Australian Marine Conservation Society, said entanglements happened every year like “clockwork” and could cause major physiological trauma for the whales even if they were freed. He called...

South Korea stocks lead gains as most Asia markets rise; Reserve Bank of Australia hikes rates
Shares in the Asia-Pacific mostly rose on Tuesday as the Reserve Bank of Australia hiked interest rates in line with expectations. Japan and China both saw growth in services activity in June, according to separate purchasing managers' indexes.