07h51 Australian shares fell on Wednesday after
U.S. President Donald Trump offered no new details on trade
talks with China, leaving investors on edge over whether the two
sides will be able to reach a. . .
07h25 New Zealand's central bank
surprised investors by holding interest rates at an all-time low
of 1% on Wednesday saying it saw no urgency to ease policy
further, sending the kiwi dollar sharply higher.. . .
03h18 Australian shares slipped slightly on
Wednesday amid thin volumes as a lack of details on the
Sino-U.S. trade deal from U.S. President Donald Trump's much
awaited speech overnight kept investors on the sidelines.. . .
01h49 Australian power generation company Genex
Power on Wednesday said the government's Northern
Australia Infrastructure Facility (NAIF) has extended the date
of its offer to fund the company's hydro project until June 30,
2020.. . .
01h31 Commonwealth Bank of Australia
said on Wednesday the senior executive handling the now
suspended sale of the group's wealth management and mortgage
broking businesses will leave the bank early next year.. . .
12/11 Australian shares are poised to open
higher on Wednesday with higher iron ore prices expected to
support gains among miners, while lack of details about the
Sino-U.S. trade talks in U.S. President Donald Trump's. . .
12/11 Vietnam's coal and crude oil
imports surged in the first ten months of this year, government
data released on Tuesday showed, highlighting the Southeast
Asian country's increasing reliance on imported energy to
support its fast-growing. . .
12/11 Australian shares slipped on Tuesday,
with the financial sector leading losses, as appetite for
riskier assets waned following U.S. President Donald Trump's
comments over the weekend on the pace of trade negotiations with
China.. . .
12/11 A closely watched measure of
Australian business conditions edged higher in October as firms
reported a much-needed pick up in sales, offering a hint of
stabilisation after months of weakness.. . .
12/11 Commonwealth Bank of Australia
said margin pressure from record-low interest rates would
persist as the country's biggest bank reported a near 10% drop
in first-quarter cash profit on Tuesday.. . .
11/11 Australian shares are set to extend gains
on Tuesday, with investor focus likely to be on the country's
biggest lender Commonwealth Bank of Australia's first quarter
results, while a drop in iron ore prices. . .
11/11 Australian stocks tracked regional gains
on Monday on optimism about U.S.-China trade talks progress,
while domestic focus centred on healthcare after a reported
broker upgrade on heavyweight CSL lifted the broader sector to
record highs.. . .
11/11 Most economists are expecting
New Zealand's central bank to cut rates to a record low at its
last monetary policy decision of the year on Wednesday after the
bank signalled in recent months it. . .
10/11 Australian shares are set to rise on
Monday, tracking robust gains on Wall Street, as investors
shrugged off worries about progress in Chinese-U.S. trade talks,
after U.S. President Donald Trump contradicted reports about a
rollback. . .
08/11 Sydney-listed investment fund Zeta
Resources Ltd on Friday said it did not intend to
accept nickel miner Independence Group NL's (IGO) A$312
million ($214.6 million) takeover bid for Panoramic Resources
Ltd.. . .
08/11 Australia's central bank took a
decidedly dovish turn on wage growth and inflation on Friday,
forecasting the figures to stay lukewarm over the next two years
and citing them as a major reason it. . .
08/11 Australia's Westpac Banking Corp
on Friday defended an industry practice of discounting
loans for new mortgage customers, which leaves existing
customers paying what critics have termed a "loyalty tax" saying
it aided competition.. . .
08/11 Online real estate classifieds portal REA
Group said the recovering Australian residential market
would boost revenue in the second-half as its first-quarter
profit fell 14%, sending its shares to almost three-month lows
on Friday.. . .
08/11 Investment bank Moelis Australia,
backed by Singapore's SPH REIT, has agreed to buy a
50% stake in an Australian shopping centre for A$670 million
($462.23 million), boosting its funds under management to around
A$4.7 billion.. . .
07/11 Australia's four major banks
reported a second consecutive year of lower returns, dragged
down by hefty customer compensation bills following mis-selling
scandals, greater competition and a low credit growth
environment.. . .
07/11 Australia will offer farmers hurt
by drought up to A$1 billion ($688.10 million) in cheap loans,
Prime Minister Scott Morrison said on Thursday, as the
government seeks to curb rising discontent from rural voters.. . .
06/11 Australian shares are likely to rise on
Thursday, with the heavyweight mining stocks expected to benefit
from firmer iron ore prices, although a report on a possible
delay in the U.S.-China trade deal could. . .
06/11 Australia's South32 Ltd said on Wednesday it would sell its South Africa thermal coal business to Seriti Resources and two trusts for 100 million rand ($6.78 million) upfront and deferred payments. . .
06/11 Analysts trimmed their 2019 earnings
forecasts for Asian companies by a smaller margin over the past
month, Refinitiv data showed, as optimism for the Sino-U.S.
trade deal soothed some nerves.. . .
06/11 China should finish its
investigation into whether Australian barley suppliers dumped
cheap imports into the country within months, in line with
global trade rules, Australia's Minister for Trade Simon
Birmingham said on Wednesday.. . .
05/11 Asian stocks saw a rise in valuations in
October as equities surged on signs that Washington and Beijing
were nearing a truce in their 16-month-long trade war amid
upbeat third-quarter earnings by heavyweights.. . .
05/11 Australian shares closed higher on
Tuesday, as major financial stocks recovered after the central
bank kept interest rates unchanged, though gains were capped due
to losses in index heavyweight Westpac Banking Corp.. . .
05/11 Australia's central bank held
interest rates steady as expected on Tuesday as it gauged the
impact of the three cuts already delivered this year, while
leaving the door ajar for further stimulus if needed.. . .
05/11 Australian shares were subdued on Tuesday
ahead of a central bank policy meeting, while losses in Westpac
Banking Corp pressured the overall market after the
lender flagged weak trading conditions following a lower annual
profit.. . .
05/11 Australia's Minister for Trade,
Simon Birmingham, on Tuesday became the highest-ranking
Australian official to visit China in a year, as Canberra
attempts to ensure that cooling diplomatic relations do not
hinder trade.. . .
05/11 Australia's Westpac Banking Corp
on Tuesday said it completed a discounted A$2 billion ($1.38
billion) equity placement, and its shares suffered their worst
drop in nearly a year, also reflecting a 15% slide in. . .
05/11 Australian pension funds QSuper
and Sunsuper are in early-stage discussions to merge and form
the country's largest pension manager, as regulatory pressure
drives consolidation in the industry, known locally as
superannuation.. . .
04/11 The Australian government has
decided not to change the framework governing how the Reserve
Bank of Australia (RBA) sets monetary policy, saying consistency
was needed at a time of global uncertainty.. . .
04/11 The heaviest rains in years have
fallen across parts of Australia's east coast, bringing relief
to some struggling livestock farmers, although the showers are
not likely to break a drought that has crippled the. . .
04/11 Westpac Banking Corp is
looking to raise A$2.5 billion ($1.73 billion) from shareholders
after reporting a 15% slide in full-year cash earnings, cutting
its dividend for the first time in a decade and flagging. . .
04/11 Australian shares rose on Monday as signs
of headway in Sino-U.S. trade talks supported risk appetite, but
the heavyweight banking sector extended losses after weaker
results from the country's second-largest lender, limiting gains
for the. . .
03/11 Australian shares are poised to open
higher on Monday, tracking a surge in global equities and crude
prices, after the United States and China signalled progress in
trade talks and strong economic data from. . .
01/11 Australian investment bank
Macquarie Group Ltd posted a record first-half profit
on Friday, driven by higher fees from its managed funds, but
revealed a slump in traditional banking takings and forecast a
weaker annual result.. . .
01/11 Virgin Australia Holdings Ltd
said on Friday it had completed the bookbuild for its domestic
notes offer, and had raised the issue size to A$325 million
($223.99 million) from A$150 million, citing strong support. . .
31/10 Australian shares are poised to open
weaker on Friday, as conflicting signals surrounding the
Sino-U.S. trade deal kept caution on the forefront.
Bloomberg on Thursday reported Chinese officials have doubts
about. . .
31/10 A profit miss from Australia's
fourth-largest lender pulled its peers and the country's
benchmark index lower on Thursday, despite gains in markets
across the rest of Asia after the U.S. Federal Reserve cut
interest rates.. . .
31/10 Australia's Tyro Payments is
preparing to list in December and is seeking a valuation of more
than A$1.5 billion ($1 billion), two people said, braving
negative market sentiment following six initial public offering
(IPO) cancellations. . .
31/10 Australia's Iluka Resources Ltd,
the world's largest producer of zircon, said on Thursday it was
considering a demerger of an asset that earns royalties from a
BHP Group iron ore operation - Mining Area. . .
31/10 Australia and New Zealand Banking
Group Ltd missed market expectations for second-half
profit on Thursday amid record low interest rates and tough
competition for home loans, but said it expected higher mortgage
demand this fiscal. . .
30/10 Australian shares are set to open
marginally higher on Thursday, after the U.S. Federal Reserve
cut interest rates as expected but dashed hopes for further
The Fed dropped a previous. . .
30/10 Australia is considering
underwriting loans to develop its reserves of critical minerals
such as rare earths and is seeking partners with a large
customer base like the United States, its resources minister
said on Wednesday.. . .
30/10 Woolworths Group Ltd
said it had underpaid thousands of supermarket workers for years
and will need to repay as much as A$300 million ($200 million),
the latest and most high-profile company to be caught. . .
30/10 Australian consumer prices cooled
a notch last quarter, underscoring the challenge the country's
central bank faces in bringing back inflation and interest rates
to what is considered 'normal' levels.. . .
29/10 Australia's Woolworths Group on
Wednesday said it would compensate 5,700 salaried store team
members and said the one-off impact from the remediation was
estimated to be between A$200 million and A$300 million ($205.92
million).. . .
29/10 Australia's Bega Cheese Ltd
warned on Tuesday that increased competition for milk supplies
due to a prolonged drought would hit its 2020 earnings, sending
the dairy product maker's shares to a six-year low.. . .
29/10 Australian billboards operator QMS Media
Ltd said on Tuesday it received a takeover offer from
Sydney-based Quadrant Private Equity that values the company at
A$420.6 million ($287.5 million).. . .
28/10 Australian shares are set to rise on
Tuesday, tracking robust gains on Wall Street fueled by rising
hopes the United States and China may strike a trade deal soon,
while expectations of a Federal. . .
28/10 Australian shares ended little changed on
Monday, with the resource sector buoyed by expectations
Washington and Beijing were close to finalising a trade deal,
which helped outweigh weakness in financials.. . .
28/10 Australian industrial equipment
contractor Onsite Rental on Monday decided to cancel its planned
initial public offering (IPO), two sources familiar with the
situation said, becoming the country's 6th aborted listing this
month.. . .
28/10 Westpac Banking Corp
staff inappropriately gave personal financial advice when
marketing pension funds, an Australian court said, overturning
an earlier ruling in a rare win for regulators under pressure to
crack down on misconduct in. . .
27/10 Australian shares are set to open higher
on Monday in line with Wall Street which soared to a near record
high amid hopes that Washington and Beijing were moving towards
finalizing parts of a. . .
25/10 Healthcare stocks led gains in Australian
shares on Friday after strong results from medical device-maker
Resmed, while the broader market tracked overnight gains by most
Wall Street indexes amid optimism over corporate earnings.. . .
25/10 Virgin Australia Holdings Ltd
said on Friday it had priced $425 million of unsecured notes and
planned to offer Australian dollar denominated notes in "the
near term", both to fund the buyback of its. . .
24/10 Virgin Australia Holdings Ltd on
Friday priced a $425 million issue of unsecured notes, the
proceeds of which will partly fund the proposed acquisition of
35% of its Velocity frequent flyer programme that it. . .
24/10 Australian shares were likely to begin
trade higher on Friday, tracking a strong lead-in from Wall
Street as a better-than-expected earnings season soothed some
concerns over slowing corporate growth.
The local. . .
24/10 Australian shares advanced on Thursday
supported by the resources sector thanks in part to sharp
overnight gains in oil prices, while a mixed bag of corporate
results lent an air of caution to the. . .
24/10 Malaysia is working to
resolve a spat with India over Prime Minister Mahathir Mohamad's
stance on Kashmir, and hoping that a 16-nation trade pact, which
includes India, will be signed this year despite the. . .
24/10 Australian shares rose on Thursday,
underpinned by resource stocks tracking higher commodity prices,
as signs of robust oil demand in the United States helped ease
some concerns over slowing global growth.. . .
24/10 AMP Ltd posted record
third-quarter outflows in its Australian wealth management unit
and doubled its estimated loss of major pension contracts to
A$1.4 billion, as a client exodus after misconduct revelations
gathers pace.. . .
24/10 Australian lithium miner Galaxy Resources
Ltd said on Thursday it will scale back operations at
its Mt Cattlin mine, as the sector faces pressure from weak
pricing and lower than expected demand from China.. . .
23/10 Australian shares were likely to open
higher on Thursday with heavyweight mining stocks set to gain on
robust commodity prices, while strength in Wall Street was also
expected to carry over.. . .
23/10 Australia's No. 2 lender Westpac Banking
Corp on Wednesday said its cash earnings in the second
half of 2019 would be reduced by about A$341 million ($233
million) due to customer remediation programmes.. . .
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