Australia stocks lower at close of trade; S&P/ASX 200 down 0.11%

TL;DR

Australia Ramps Up Private Credit Scrutiny, Demanding More Data Australia will be left with no submarines if it abandons the Aukus deal with the US and UK, a senior defence official has warned, declining to publicly countenance an alternative plan if Australia’s promised nuclear-powered fleet does not arrive under Australian command. “Defence has been directed to pursue Aukus and we are pursuing Aukus and that’s our plan. I would not venture into the space about ‘Plan B’ or ‘Plan C’,” defence department deputy secretary, Hugh Jeffrey, told a Sovereignty and Security Forum in Canberra on Friday.