Articles

  • 1 week ago | wsj.com | Mike Cherney

    SYDNEY—Struggling Australian casino operator Star Entertainment posted a large loss in its delayed first-half results and warned that trading conditions have continued to deteriorate as it tries to stay in business. Star posted a statutory net loss of 302 million Australian dollars, equivalent to US$191.1 million, in the half year ended December. Stripping out one-time items, it said its normalized loss was A$136 million.

  • 2 weeks ago | wsj.com | Mike Cherney

    Beef products at a supermarket in Sydney. (David Gray/Agence France-Presse/Getty Images)In Australia’s beef industry, there is relief that the 10% tariff President Trump imposed on Australian goods wasn’t any higher. But ranchers and industry groups say the biggest loser will be American consumers, who will be paying more for hamburgers. Australia supplies around 30% of lean ground beef imported to the U.S., according to Meat & Livestock Australia.

  • 2 weeks ago | wsj.com | Max Colchester |Mike Cherney

    The question of what triggered a trade war between this barren archipelago and the world’s biggest economy is consuming officials here. “We are 6,000 people and export nearly nothing to the U.S., except maybe some tuna,” Hamel said earlier this week, his shrug almost audible down the phone line. U.S. trade data show the islands sold virtually nothing to the U.S. for the past 10 years, except in July 2024 when $3.4 million in goods was sent to America.

  • 1 month ago | wsj.com | Mike Cherney

    SYDNEY—American betting and entertainment company Bally’s has offered to provide embattled Australian casino operator Star Entertainment SGR -15.38%decrease; red down pointing triangle with additional financing, in a deal that could help Bally’s expand its international footprint.

  • 1 month ago | tradingview.com | Mike Cherney

    Bally's Offers Financing Deal to Australia's Star — UpdateSGRSYDNEY--American betting and entertainment company Bally's has offered to provide embattled Australian casino operator Star Entertainment with additional financing, in a deal that could help Bally's expand its international footprint.

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Mike Cherney
Mike Cherney @Mike_Cherney
9 Jul 24

RT @JChengWSJ: Seven U.S. allies warned that a Chinese state-sponsored hacking group poses a threat to their networks, in an unusual coordi…

Mike Cherney
Mike Cherney @Mike_Cherney
23 May 24

“We didn’t think we were going to make it”: Inside the Singapore Airlines plane that was caught in one of the worst turbulence-related accidents ever. Great reporting by @StuartLCondie @felizysolo @JonathanEmont https://t.co/i4T1xt1jPo via @WSJ

Mike Cherney
Mike Cherney @Mike_Cherney
27 Mar 24

Pizza. Sauerkraut. Vegemite. Australia is besieged with novelty versions of hot cross buns, an Easter favorite. But not everyone wants to mess with centuries of tradition. ‘Bloody awful.’ Latest A-hed: https://t.co/aMEX2ONaJ0 via @WSJ