Australasia

Australia, NZ hit fresh closing peaks on positive global data, trade deal

17/01 Australian shares notched a record closing high on Friday for a fourth straight session, as markets cheered positive global economic data while still basking in the afterglow surrounding the freshly signed Sino-U.S. Phase 1. . .  Full story

Australian shares poised for stronger open, NZ rises

16/01 Australian shares are expected to open higher on Friday following a strong Wall Street lead and broader optimism fueled by the preliminary U.S.-China trade deal. Markets will also likely. . .  Full story

Australian shares breach 7,000 level on Sino-U.S. trade deal

16/01 Australian shares surged past the 7,000 level for the first time ever on Thursday, as demand for risky assets increased after China and the United States signed a deal to defuse their trade war. . .  Full story

Whitehaven Coal Q2 output slumps 44% on labour, drought issues

16/01 Australia's Whitehaven Coal Ltd on Thursday posted a 44% drop in second-quarter saleable coal production as labour issues and drought-related weather conditions hit output at its flagship Maules Creek mine.. . .  Full story

Australian, NZ shares hit fresh peaks on China-U.S. trade pact

16/01 Australian and New Zealand shares soared to fresh peaks on Thursday as investors cheered a long-awaited preliminary trade deal inked between China and the United States, with the Aussie benchmark index crossing the 7,000 level.. . .  Full story

Australian shares poised to rise after U.S.-China trade deal, NZ edges up

15/01 Australian shares are set to rise on Thursday and possibly even cross 7,000 points for the first time, after the United States and China inked a Phase 1 trade deal, with many hoping it. . .  Full story

Australia's Fortescue eyes modest 2020 growth for Chinese steel output

15/01 China's steel production is expected to grow only modestly this year, driven by rising urbanization and Belt and Road Initiative projects, Australia's Fortescue Metals Group chief executive Elizabeth Gaines said on Wednesday.. . .  Full story

Australia shares post record closing highs on gold stocks; NZ up

15/01 Australian shares scaled record closing levels on Wednesday, buoyed by gains in gold stocks as doubts emerged about the impact of a preliminary Sino-U.S. trade pact after a top U.S. official said China tariffs. . .  Full story

Farming family faces bleak future after deadly Australian bushfires

15/01 There is little that Australia's deadly bushfires didn't take from dairy and cattle farmers Tim and Warren Stalway.. . .  Full story

Forecast storms bring both relief and new risks for fire-stricken Australia

15/01 Severe storms are expected to bring some relief in the coming days from huge bushfires scorching Australia but the heavy downpours could also carry the risk of landslides and water pollution, officials said on Wednesday.. . .  Full story

Australian shares scale all-time peaks ahead of trade deal, NZ gains

15/01 Australian shares scaled record highs on Wednesday, buoyed by gains in the mining sector, ahead of the signing of a preliminary trade pact between China and the United States.. . .  Full story

Australian Vanadium signs agreement with Chinese steelmaker for potential purchases and investment

15/01 Australian Vanadium Ltd (AVL) said on Wednesday it penned a non-binding agreement with a unit of steelmaker HBIS Group Chengsteel that could see the Chinese firm buy vanadium and invest in the Perth-based firm's. . .  Full story

Australian shares poised to open little changed, NZ inches up in early trade

14/01 Australian shares are set to open flat on Wednesday, with stronger iron ore prices likely to buoy mining stocks, while a report that the United States would likely maintain tariffs on Chinese goods until. . .  Full story

Australia 'open for business' as cool change eases bushfire threat

14/01 Australia urged foreign tourists on Tuesday to put aside concerns about raging bushfires after the United States downgraded a travel warning, even as thick smoke disrupted preparations for the Australian Open tennis tournament in Melbourne.. . .  Full story

Australia shares hit record high on trade deal optimism; NZ up

14/01 Australian shares closed at a record high on Tuesday, with miners and energy stocks lifting the benchmark, a day before the signing of a trade deal between Washington and Beijing.. . .  Full story

Australian shares set to rise on trade deal cheer, NZ rises

13/01 Australian shares are set to open higher on Tuesday, tracking a stronger finish on Wall Street which hit record highs on optimism over the planned signing of a preliminary U.S.-China trade deal.. . .  Full story

Koalas, wallabies endangered by Australia bushfires "ecological disaster"

13/01 The Australian government committed A$50 million to an emergency wildlife recovery program on Monday, calling the bushfires crisis engulfing the country "an ecological disaster" that threatens several species, including koalas and rock wallabies.. . .  Full story

Australian shares poised to begin the week lower; NZ inches up

12/01 Australian shares are set to open lower on Monday on the possibility of renewed tensions between the United States and Iran, while weaker iron ore prices are likely to pressure heavyweight mining stocks.. . .  Full story

Australian PM proposes high-powered inquiry into bushfires response

12/01 After weeks of criticism over the handling of the bushfires scorching Australia, Prime Minister Scott Morrison said on Sunday he will propose a national review into the response to the disaster, as the fires claimed. . .  Full story

Australian firelighter dies battling blazes, raising death toll to 28

11/01 A firefighter died while on duty on Saturday in Australia's state of Victoria, raising the toll from this season's devastating bushfires to 28 deaths as the government deploys mental health services to aid those. . .  Full story

Australian bushfires ease, promise reprieve to build defences

11/01 Bushfire conditions eased in Australia on Saturday after a gruelling night for firefighters, with authorities saying they expect at least a week of milder weather in which to step up defences against the huge. . .  Full story

Australia gets relief, respite as bushfires spare remote villages

11/01 Fearing the worst from approaching bushfires, most of the roughly 230 people living in the village of Towamba in Australia's southeast left.. . .  Full story

Australia urges quarter of a million to flee as winds fan huge bushfires

10/01 Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as authorities said the next few hours could be "very, very challenging" even as rain. . .  Full story

Australian shares at all-time high as risk sentiment recovers

10/01 Australian shares scaled record highs on Friday as easing Middle East tensions spread a dose of relief among investors, while hopes that a Sino-U.S. Phase 1 trade deal will be signed next week added. . .  Full story

Analysts see gains for Aussie dlr; kiwi already riding high

10/01 Analysts barely changed their forecasts for the Australian and New Zealand dollars amid fading global trade uncertainty, as investors focus on an economic slowdown at home and radical policy easing risks.. . .  Full story

Australian shoppers return in November, but signs bleak for Q4

10/01 Australian retail sales surged past all expectations in November led by pre-Christmas shopping though early indicators point to weak spending in December, suggesting the economy remained in the doldrums in the final quarter of 2019.. . .  Full story

Australia shares set to gain on easing Middle East tensions, trade deal hopes; NZ up

09/01 Australian shares are set to rise and will likely touch a record high on Friday, with de-escalating tensions in the Middle East and the prospect of the United States and China signing an early. . .  Full story

Australian shares end at record high as Middle East conflict cools

09/01 Australian shares closed at a record high on Thursday, as worries of a larger Middle East conflict eased following remarks from the United States and Iran.. . .  Full story

Australia, NZ shares rebound as Middle East tensions wane

09/01 Australian shares on Thursday advanced to their highest in a month after U.S. President Donald Trump's tempered response to Iranian missile attacks calmed markets, although a fresh set of attacks kept investors on edge.. . .  Full story

Australia shares set to gain but rocket attack in Baghdad may weigh; NZ flat

08/01 Australian shares are set to open higher on Thursday after U.S. President Donald Trump's tempered response to Iranian missile attacks on U.S. forces in Iraq helped calm markets, although reports of fresh missile attacks are. . .  Full story

Perth Mint's gold sales surge to 3-year highs in December

08/01 The Perth Mint's gold product sales in December rose to their highest in more than three years, the refiner said on Wednesday, citing higher demand from Germany. Sales of gold. . .  Full story

Australia's McWilliams Wines goes into voluntary administration

08/01 Audit group KPMG said on Wednesday Australia's McWilliams Wines Group had gone into voluntary administration and that it was seeking capital or a buyer for the winemaker, which has been struggling to pay creditors. . .  Full story

Australian shares pare losses as Trump reassures after Iran attacks; NZ down

08/01 Australian shares trimmed losses on Wednesday after U.S. President Donald Trump's comment on the Middle East tensions reassured investors rattled by Iranian missile attacks on U.S.-led forces in Iraq earlier in the day.. . .  Full story

Australia, NZ shares slip as rocket attack on Iraq base quells risk appetite

08/01 Australian shares fell on Wednesday after Iran launched a major ballistic missile attack on U.S.-led forces in Iraq days after the killing of a Iranian commander, sparking worries of a wider war in the. . .  Full story

Australia shares set to gain on iron ore, copper miners; NZ down

07/01 Australian shares are set to open higher on Wednesday, likely boosted by copper and iron ore miners on the back of stronger commodity prices, although gains may be capped by the energy sector amid. . .  Full story

Eden far from a paradise as Australia bushfires hit economy

07/01 The peak summer holiday period should bring boatloads of cruise-ship passengers and other holiday makers to the Australian coastal town of Eden, with visitors thronging stores like Lynn Baxter's newsagent.. . .  Full story

Australian shares climb as Middle East fears cool; NZ flat

07/01 Australian shares rose on Tuesday, led by gains in financial and healthcare stocks, as an absence of a further escalation in U.S.-Iran tensions revived investor appetite for riskier assets.. . .  Full story

Australia shares jump 1% as Mideast tensions ease; NZ down

07/01 Australian shares climbed 1% on Tuesday, tracking overnight gains on Wall Street, as the mood calmed with no fresh aggression in the Middle East while defensive stocks provided a boost to the index.. . .  Full story

Australian job ads dive in Dec as bushfires take a toll

07/01 Australian job advertisements suffered their largest monthly drop in seven months in December as bushfires across the country's two most populous states took a toll on activity.. . .  Full story

Australia shares poised to climb as oil, gold prices rise; NZ slips

06/01 Australian shares are set to open higher on Tuesday, as energy and mining stocks continue to lift the benchmark, amid rising tensions in the Middle East after a U.S. air strike killed a top. . .  Full story

Aussie shares inch up as MidEast tensions spur gold, oil prices

06/01 Australian shares recouped early losses to post a marginal gain on Monday as escalating tensions in Middle East buoyed shares of oil producers and gold miners.. . .  Full story

Australia shares set to slip on U.S./Iran tensions, NZ down

05/01 Australian shares are set to open marginally lower on Monday in rising tensions between Washington and Tehran after the U.S. killing of Iran's top military commander in an air strike last week.. . .  Full story

Asian stocks' valuations rise for 4th month in December - Refinitiv data

03/01 Asian equities' valuations climbed for a fourth straight month in December, as easing U.S.-China trade tensions and an improving global economic outlook whetted risk appetite.. . .  Full story

Australian shares rise on China policy easing; NZ up

03/01 Australian shares rose over 1% on Friday, tracking gains on Wall Street as investors cheered China's policy easing move and a private survey showing solid growth in production last month.. . .  Full story

Australia shares to start higher as investors cheer China stimulus

02/01 Australian shares are set to open higher on Friday, as investor confidence improved after China announced fresh stimulus to prop up its economy, while energy and mining stocks are likely to rise.. . .  Full story

Asian shares outperform global peers in December, but yearly gains lag

02/01 Asian shares gained for the fourth successive month in December as appetite for regional shares improved after the U.S. and China agreed on a preliminary deal to end their 17-month long trade war.. . .  Full story

Australian shares inch higher on energy, tech stocks

02/01 Australian shares closed slightly higher on Thursday, helped by energy and tech stocks, in thin trading volumes as investors returned from the New Year's Day holiday.. . .  Full story

Australia shares rise on healthcare, technology gains

02/01 Australian shares inched higher on Thursday on their first trading day of the year, led by gains in healthcare and tech sectors amid thin trading volumes.. . .  Full story

Australian home prices end year with strongest gains since 2009

02/01 Australian home prices ended 2019 with the biggest quarterly rise in a decade, a remarkable return to boom from bust that promises to support consumer wealth and, perhaps, spending.. . .  Full story

Australia shares set to fall on lower oil prices; NZ down

01/01 Australian shares are set to tumble at the open on Thursday, as energy stocks, hit by weaker oil prices, are likely to drag on the year's first trading session. The. . .  Full story

No Australia, NZ stock market report on Jan. 1

31/12 There will be no Australia and New Zealand stock market reports on Wednesday, Jan. 1, as financial markets in both the countries will be closed for the New Year holiday.. . .  Full story

Australian shares fall across the board, but post best year since 2009; NZ dips

31/12 Australian shares fell nearly 2% on the last trading day of 2019, but still racked up their best annual performance in a decade.. . .  Full story

Australia shares slump but on track for best year since 2009; NZ down

31/12 Australian shares tracked Wall Street to fall nearly 2% in the last trading session of the year, but were on course for their biggest annual gain in a decade.. . .  Full story

Australia shares to fall at year's end on miners, Wall Street sell off; NZ down

30/12 Australian shares are poised to open lower on Tuesday, tracking Wall Street overnight where major indexes slipped from record highs, while the mining sector is likely to weigh on the benchmark on weaker iron. . .  Full story

Australia shares fall on worries over U.S. repo market; NZ drops

30/12 Australian shares fell on Monday, tracking a feeble finish on Wall Street last week, as investors were worried about the year-end pressure on repo market in the United States.. . .  Full story

Australia shares set to slip at open as miners seen falling; NZ down

29/12 Australian shares are set to open lower on Monday, after Wall Street's Nasdaq index slipped at the close on Friday, while miners are likely to fall in the year's second last day of trade. . .  Full story

Australian shares gain on resources, clock third weekly rise

27/12 Australian shares advanced for a third straight week this month, and were set to be one of Asia's top performing indexes in 2019 amid the Sino-U.S. trade war and sluggish domestic economic growth.. . .  Full story

Australian wildfires threaten Sydney water supplies

27/12 Australian authorities said on Friday they are focused on protecting water plants, pumping stations, pipes and other infrastructure from intense bushfires surrounding Sydney, the country's largest city.. . .  Full story

Australia shares track Wall Street higher; NZ down

27/12 Australian shares rose slightly on Friday in light year-end holiday trade, tracking Wall Street's gains overnight on optimism over an interim U.S.-China trade agreement.. . .  Full story

Australia shares to start lower as iron ore miners likely to weigh; NZ down

27/12 Australian shares are set to open lower on Friday in thin holiday trade, with the mining sector seen weighing on the benchmark on lower iron ore prices. Dalian Commodity Exchange's. . .  Full story

No Australia, NZ stock market report on Dec 25, 26

24/12 There will be no Australia and New Zealand stock market reports on Wednesday and Thursday, Dec. 25 and 26, as financial markets in both the countries will be closed for Christmas and Boxing Day.. . .  Full story

Australian shares tick up on gold stocks; NZ at record high

24/12 Gold and healthcare stocks helped Australian shares eke out small gains on Tuesday in thin pre-Christmas trade, while New Zealand equities closed at an all-time high.. . .  Full story

Australia shares inch up on oil stocks, NZ hits record in holiday-thinned trade

24/12 Australian shares inched marginally higher on Tuesday in thin pre-Christmas trading, with the benchmark helped by a rise in energy stocks on improved oil prices.. . .  Full story

Australia shares set to slip as miners seen stumbling; NZ up

23/12 Australian shares are likely to open marginally lower on Tuesday, as mining stocks are poised to continue weighing on the benchmark in pre-Christmas trading, over weaker iron ore prices. The most. . .  Full story

Australia shares ease as gold, iron ore stocks fall; NZ at record high

23/12 Australian shares slipped on Monday as weaker iron ore futures put pressure on heavyweight miners, while gold stocks eased on a bout of profit taking.. . .  Full story

Australia shares poised to slip on mining stocks; NZ inches up

22/12 Australian shares are set to open lower on Monday, with the benchmark's heavyweight iron ore miners likely to trade lower following a drop in prices of the steelmaking commodity over the weekend.. . .  Full story

Australia's Westpac names two members of money laundering review panel

20/12 Australia's second-largest lender Westpac Banking Corp on Friday appointed two people to a panel which will assess the bank's accountability in a money laundering scandal.. . .  Full story

Australia shares inch lower, but on track for weekly gain; NZ down

20/12 Australian shares inched lower on Friday, dragged down by financial and healthcare stocks, but were on track for a more than 1% weekly rise on the back of Monday's sizeable gain.. . .  Full story

Australia shares set to open lower on dented rate cut hopes, NZ hits fresh high

19/12 Australian shares are set to fall on Friday, a day after robust jobs data dampened expectations of a rate cut by the Reserve Bank of Australia at its next policy meeting in February.. . .  Full story

Banks, miners drag down Australian shares; NZ ends at record high

19/12 Australian shares ended lower on Thursday, with banking stocks and miners leading losses, while New Zealand's benchmark index closed at a record high for a second day.. . .  Full story

Australia must respect China if relations are to improve - Chinese envoy

19/12 Australia must abandon criticism of China and see the development of its largest trading partner as an opportunity if bilateral relations are to improve, Beijing's ambassador to Canberra said on Thursday.. . .  Full story

Australia shares edge up on tech, gold firms; NZ scales new peak

19/12 Australian shares inched up in narrow ranges on Thursday buoyed by gains in technology and gold firms, with investors largely on the sidelines ahead of the Christmas break.. . .  Full story

Australian jobs rebound in Nov, pares risk of Feb rate cut

19/12 Australian employment rebounded sharply in November after a shock drop the previous month, while the jobless rate ticked down in a sign the labour market might still have enough life in it to lessen. . .  Full story

Australia shares set to open lower on soft commodity prices; NZ up

18/12 Australian shares are set to slip on Thursday, with an overnight slump in gold and iron prices likely to hurt the benchmark's heavyweight miners of the commodities. Chinese iron ore. . .  Full story

Australia's commodity exports to hit record $281 bln in 2019-2020

18/12 Australia's commodity exports are likely to hit a record of $281 billion in the financial year through June 2020, according to a government report on Thursday, boosted by a weaker local currency and rising. . .  Full story

SE Asia Stocks-Most markets end higher; Thailand lifted by telecom shares

18/12 Most Southeast Asian markets ended higher on Wednesday, with Malaysia and Thailand leading gains, as a run of upbeat data from the United States eased recession and global slowdown fears. U.S.. . .  Full story

Australian shares end flat as miners, banks weigh; NZ at record high

18/12 Australian shares closed little changed on Wednesday as gains in healthcare and energy stocks offset weakness in financials and miners.. . .  Full story

Australia's NAB has self-reported anti-money laundering shortcomings

18/12 National Australia Bank Ltd told shareholders on Wednesday it had self-reported shortcomings in its anti-money laundering systems to authorities, another blow just a day after regulators filed a lawsuit against the bank over fee charges.. . .  Full story

Asian business sentiment bounces back, but caution abounds - Thomson Reuters/INSEAD

18/12 Confidence among Asian businesses rebounded sharply this quarter to hit an 18-month high with firms reporting a pickup in sales, though most are holding off on hiring as trade war uncertainty weighs, a Thomson Reuters/INSEAD. . .  Full story

MONTH OUTLOOK

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Australia shares inch higher mirroring gains in Wall Street; NZ up

18/12 Australian shares rose marginally on Wednesday, tracking Wall Street after upbeat U.S. economic data, but gains on the benchmark were tempered by losses in the scandal-hit financial sector.. . .  Full story

FOCUS-How rare earth shocks lifted an upstart Australian mining company

18/12 Sprawled across a spent volcano on the remote edge of the Great Victoria Desert in Western Australia, the Mount Weld mine seems a world away from the U.S.-China trade war.. . .  Full story

ANZ promotes ex-CFO of New Zealand unit to top job

18/12 Australia and New Zealand Banking Group Ltd on Wednesday appointed a former chief financial officer of its New Zealand unit as the division's new chief executive officer.. . .  Full story

How rare earth shocks lifted an upstart Australian mining company

17/12 Sprawled across a spent volcano on the remote edge of the Great Victoria Desert in Western Australia, the Mount Weld mine seems a world away from the U.S.-China trade war.. . .  Full story

Australia shares end flat after two sessions of gains

17/12 Australian shares closed nearly flat on Tuesday as gains in material and energy stocks were offset by losses in gold stocks and a scrutiny-ridden financial sector.. . .  Full story

Australia's ANZ to refund 3.4 mln accounts that 'need fixing'

17/12 Australia and New Zealand Banking Group Ltd said on Tuesday it planned to refund owners of 3.4 million customer accounts for past wrongs but ruled out the need to raise new cash, as its. . .  Full story

Australian regulator investigates Westpac directors, executives after scandal

17/12 Australia's banking regulator will use its increased investigative powers for the first time to examine whether Westpac Banking Corp directors and executives broke the law as part of the bank's money laundering scandal.. . .  Full story

Australia shares struggle to advance as financials temper China optimism

17/12 Australian shares managed to gain modestly on Tuesday, as a troubled financial sector and steep tumble in gold stocks offset upbeat data from China, the country's biggest trading partner.. . .  Full story

Australian government to borrow A$55 bln in year to 2020

17/12 The Australian government on Tuesday said it planned to sell around A$55 billion ($37.32 billion) of new bonds in the year to June 2020, of which A$27.2 billion had already been issued.. . .  Full story

Australia shares set to gain on rate cut hopes, upbeat China data; NZ up

16/12 Australian shares are set to open higher on Tuesday, with rising hopes of a rate cut likely to support equities after the country cut its outlook for growth in the economy and wages, while. . .  Full story

Former New Zealand prime minister Key to retire from Air NZ board

16/12 Former New Zealand prime minister John Key will retire from Air New Zealand's board of directors on March 31, the company said on Tuesday.. . .  Full story

Jetstar to cut capacity, weigh sale of 3 planes as pilot dispute drags

16/12 Budget airline Jetstar is cutting domestic capacity by around 10% in January and weighing the sale of three Boeing 787-8 jets to counter industrial action by its pilots that the Australian carrier expects will. . .  Full story

Aussie shares record best gain in 7 months on rate cut hopes, trade optimism

16/12 Australian shares recorded their best session in nearly seven months on Monday as a downgrade in the country's growth outlook fuelled expectations of a further domestic rate cut.. . .  Full story

Macquarie arm close to a deal to buy S.Korea's Daesung Industrial Gases -source

16/12 A private equity arm of Macquarie Group Ltd is likely to sign a deal to buy Daesung Industrial Gases Co Ltd from Asian private equity firm MBK Partners later this week, a person with. . .  Full story

Australia shares gain to 2-week high on rate-cut hopes, U.S.-China trade deal

16/12 Australian shares rose 1% on Monday to a two-week high as investors cheered an initial trade deal between the United States and China, and hopes for another rate cut gained steam after the government. . .  Full story

Australia government downgrades outlook for economy, budget surplus

16/12 Australia's conservative government on Monday cut its outlook for growth in the economy and wages as part of a A$33 billion downgrade to expected revenues over the next four years.. . .  Full story

Australia's National Veterinary Care in deal to be acquired for $168 million

16/12 Australia's National Veterinary Care Ltd said on Monday it entered into an initial agreement to be acquired by a veterinary clinic chain operator, in a deal valued at A$248.4 million ($168.56 million).. . .  Full story

Australia shares set to begin week higher on trade deal cheer; NZ inches up

15/12 Australian shares are poised to open higher on Monday, tracking Wall Street indexes that rose after the United States and China agreed to an initial trade deal. On Friday, Washington. . .  Full story

Aussie shares close higher on upbeat trade news, fading Brexit worries

13/12 Australian shares closed higher on Friday as news of a potential "phase one" U.S.-China trade deal and a resounding election win for Britain's Conservative Party spurred risk appetite.. . .  Full story

Australian shares rise on Sino-U.S. 'phase one' trade deal; NZ falls

13/12 Australian shares rose on Friday, with metals and mining stocks jumping to a four-month high, after sources said the United States and China reached a "phase one" trade deal in principle.. . .  Full story

Australian shares set to rise on Sino-U.S. trade deal reports, NZ down

12/12 Australian shares were poised to gain on Friday on reports the United States and China have reached a "deal in principle" to resolve a 17-month long trade dispute that hurt global economic growth and. . .  Full story

COLUMN-Australia energy market operator turns Scrooge on coal lobby: Russell

12/12 Australia, which vies with Indonesia for the title of the world's largest coal exporter, is planning for an electricity future where use of the polluting fuel dwindles and is rapidly replaced by renewable energy sources.. . .  Full story