09h26 Commonwealth Bank of Australia
charged some estates of dead people for superannuation
advice and had inadequate compliance controls in its management
of retirement funds, the country's inquiry into financial sector
misconduct heard.. . .
06h30 Australian wage growth crawled
near record lows last quarter while a gauge of consumer
sentiment deteriorated in August, auguring poorly for
economy-wide spending and efforts to move inflation up into the
central bank's target range.. . .
06h03 Insurance Australia Group Ltd (IAG)
shares fell the most in a year on Wednesday after the
insurer flagged a subdued earnings outlook and reported a modest
rise in full-year profit, driven by lower investment. . .
04h29 Australian shares were unchanged on
Wednesday as sharp falls in Commonwealth Bank of Australia and
Insurance Australia Group were offset by gains in
biotherapeutics firm CSL and conglomerate Wesfarmers after they
reported strong earnings.. . .
14/08 Commonwealth Bank of Australia
(CBA) "breached a legislative provision" when it failed
to transfer 15,000 pension customers to a low-cost product, an
inquiry into financial sector conduct heard on Tuesday.. . .
14/08 National Australia Bank
booked a fall in third-quarter profit on a jump in impairment
charges and warned of higher costs to come, as it grapples with
the fallout from a powerful inquiry into misconduct. . .
14/08 An index of Australian business
conditions eased modestly in July but remained at levels
consistent with solid activity, while hiring intentions showed a
welcome bounce, a survey showed on Tuesday.. . .
14/08 Australian shares are set for a subdued
open on Tuesday, as Turkey's currency crisis engulfed global
markets, with base metal prices coming under pressure.
The local share price index futures. . .
13/08 National Australia Bank Ltd
charged clients for services not rendered, and
downplayed the issue to the corporate regulator to avoid adverse
publicity, a powerful inquiry into financial sector misconduct
heard on Monday.. . .
13/08 The board of Australia's APA Group
has recommended shareholders vote for a A$12.98 billion
($9.45 billion) takeover offer from a consortium led by Hong
Kong's CK Infrastructure Holdings Ltd (CKI) at a
meeting in late. . .
10/08 Australian shares finished lower on
Friday as oil price weakness dragged on energy stocks and as the
outlook for earnings from James Hardie Industries, the world's
top fibre cement producer, disappointed investors.. . .
10/08 Australia's states on Friday
held off approving a plan to end more than a decade of climate
and energy wars and spur investment in new power supply,
disappointing industry seeking certainty on energy policy.. . .
10/08 Australia's second-largest wealth
manager IOOF Holdings Ltd has told a powerful inquiry
into misconduct that it is reviewing its ownership structure in
light of a tougher regulatory environment, just months after
buying ANZ's pension unit.. . .
10/08 Australian shares edged down on Friday as
oil price weakness dragged on energy stocks and as the outlook
for earnings from James Hardie Industries, the world's top fibre
cement producer, disappointed investors.. . .
09/08 Australia's largest pension fund
on Thursday defended using members' money to bankroll a
marketing campaign that depicted the country's biggest banks as
foxes aiming to take a larger share of the country's A$2.6
trillion savings. . .
09/08 Australian shares ticked higher on
Thursday as investors picked up winners in the earnings season,
while gains for financials and deal news around insurer Suncorp
Group helped the broader market.. . .
09/08 Australia's Suncorp Group
is selling its life insurance division to Dai-ichi Life
Holdings for $540 million, making the Japanese firm
Australia's biggest in a sector that domestic companies are
scrambling to quit.. . .
09/08 New Zealand's central bank
unexpectedly committed to keep interest rates at record lows
through to 2020 and said it was worried about persistently
disappointing growth, a dovish tilt that sent the local currency
skidding to. . .
09/08 Australian shares rose on Thursday in the
wake of decent results at some companies as earnings season
gathers pace, but mining and energy stocks dragged as
international trade worries cloud the demand outlook for
everything. . .
09/08 New Zealand's central bank
will keep "blowing wind into the sails" of a slowing economy,
and is ready to respond to any further weakness in growth as
business sentiment sours, Governor Adrian Orr said. . .
09/08 Australian shares are expected to trickle
lower on Thursday, following a weaker lead-in from international
markets, while material stocks are expected to fall in line with
easing commodity prices.. . .
09/08 Insurer Suncorp Group Ltd said on
Thursday it had entered an agreement to sell its life insurance
division to a unit of Dai-Ichi Life Holdings for A$725
million ($538.82 million), ending more than a. . .
08/08 Australia's Westpac Banking Corp
said on Thursday it would disburse A$100 million ($74.2
million) in cheap loans to farmers as a record dry spell hits
parts of the nation, while the country's lenders fight. . .
08/08 Australian shares rose on Wednesday, with
Commonwealth Bank of Australia leading financials higher after
reporting a smaller fall in profit than expected, while miners
gained on strong import data from China.. . .
08/08 China increased its coal imports
in July by 14 percent to their highest in 4-1/2 years, official
data showed on Wednesday, as rising temperatures boosted demand
for coal-fired power to run air conditioners in. . .
08/08 Commonwealth Bank of Australia
(CBA) warned of slower mortgage growth as it reported
its first fall in annual net profit in almost a decade on
Wednesday, after a year of scandal and upheaval that. . .
08/08 New spending by
some of the world's largest iron ore miners is tightening the
market for jobs and support services in Australia's biggest
mining region, bringing a sense of optimism after years in the
doldrums.. . .
08/08 Australian shares rose on Wednesday
morning, with Commonwealth Bank of Australia leading
financials higher as its annual profit came slightly ahead of
expectations, while the materials sector gained as base metal
traders covered some short. . .
08/08 Australian shares are expected to trade
sideways on Wednesday, with gains in material stocks to be
offset by lagging financials.
The region's largest bank, the Commonwealth Bank of
Australia. . .
07/08 Australia's population will hit a
record 25 million on Tuesday, almost a decade earlier than
projected, as it attracts hundreds of thousands of migrants each
year, latest government data shows.. . .
07/08 Australia's central bank has
marked two whole years with no move in interest rates, the
longest policy pause in its modern history, as optimism on the
economy is tempered by miserly wage growth and. . .
07/08 Australia's second-largest wealth
manager IOOF Holdings Ltd booked a record underlying
annual profit on Tuesday, as its system of paying advisers
regardless of whether they sell its own investment products led
to a wave of. . .
07/08 Australia on Tuesday granted the
corporate watchdog invasive new power to position supervisors
inside financial firms after a public inquiry exposed systemic
wrongdoing at some of the country's top institutions.. . .
07/08 Australian shares are expected to rise on
Tuesday, tracking overnight strength on Wall Street, while
commodity stocks are expected to benefit from stronger prices.
However, trading is expected to be. . .
06/08 National Australia Bank
will compensate thousands of pension fund customers who had paid
for advice they did not receive, Australia's financial-sector
inquiry heard on Monday as it turned its sights on the pension
industry.. . .
06/08 Commonwealth Bank of Australia
is set to report a lower annual profit for the first
time in almost a decade, with the end of a housing boom and
ballooning funding and regulatory costs chipping. . .
03/08 Sales of gold products by the Perth Mint
rose nearly two-fold in July from a month earlier, their highest
since January, while silver sales more than doubled as lower
bullion prices attracted buying, the. . .
03/08 Australia's government called for
more banks to challenge the industry's oligopoly on Friday,
after the country's top economic adviser said the "Big Four"
lenders' market dominance has been detrimental to customers.. . .
03/08 Australian shares gave up early gains and
turned lower as sentiment was dented by the latest exchange of
trade threats between the United States and China, a major
market for Australia's crucial resources exports.. . .
03/08 Australian shares picked up on Friday, as
positive sentiment emanating from technology-led gains on Wall
Street filtered through, despite worries over how a looming
trade war between the United States and China could hurt. . .
02/08 Australia's largest lenders have
started lowering their mortgage rates in an attempt to attract
borrowers amid plummeting credit growth, even as rising
wholesale funding costs have forced smaller rivals to increase
their rates.. . .
02/08 Australia's trade surplus blew
past expectations in June as exports to China boomed to their
second highest on record, a sign the commodity-leveraged country
was weathering the early stages of Sino-U.S. tariff hostilities.
A report. . .
02/08 A schedule for Australian Foreign
Minister Julie Bishop to visit China has yet to be agreed,
although dates were proposed more than two months ago, two
sources said on Wednesday, an impasse in Canberra's. . .
02/08 Australian shares are set to open lower on
Thursday, tracking global stocks which fell overnight amid
tensions over a possible escalation of the trade conflict
between the United States and China.. . .
02/08 Australia's ClearView Wealth Ltd
said on Thursday the arrest on Monday of independent
non-executive director David Brown in Papua New Guinea was
regarding a claim by the Melanesian Trustee Services Ltd.. . .
01/08 Asian stocks posted marginal gains in July
after two straight months of declines as strong second-quarter
earnings bolstered regional shares amid simmering trade tensions
between China and the United States.. . .
01/08 Australian farmers, suffering
from a second year of drought, are unlikely to benefit from a
U.S.-China trade war because of lower production of key crops
including wheat and sorghum, traders and industry officials said
on. . .
01/08 New Zealand's Heartland Bank Ltd
said on Wednesday it intended to list on the Australian Stock
Exchange (ASX) as part of a planned restructuring, as it seeks
to free itself from what it called. . .
31/07 Growth in Australian home loans
for investment hit record lows in June as tighter lending
standards and hikes in some mortgage rates sucked the life out
of the buy-to-let sector, piling further pressure on. . .
31/07 Australian shares are likely to see a
tepid start on Tuesday, following a weak lead from Wall Street,
with investors eying a slew of economic data and central bank
decisions to gauge the direction. . .
27/07 Australia's biggest wealth
manager, AMP Ltd, on Friday flagged A$530 million
($391.4 million) of costs stemming from an inquiry into
financial sector misconduct and warned first-half profit would
decline, sending its shares to a 15-year. . .
26/07 Australian shares were little changed at
the close on Thursday as merger activity in the media industry
and news of the appointment of a new chief executive at
Macquarie Group did little to support. . .
26/07 Australian investment bank
Macquarie Group appointed its first female CEO on
Thursday, promoting the 10-year head of its funds unit Shemara
Wikramanayake to the most senior investment banking position
currently held by a woman globally.. . .
26/07 Australian shares dipped in light trade
on Thursday with Macquarie Group lower on succession concerns
after the investment bank announced a new chief executive,
although strong gains in gold stocks provided wider support for
the. . .
26/07 Australia and New Zealand Banking Group
Ltd said on Thursday it entered a term sheet to
transfer an 82 percent stake in its pensions unit (P&I) and
ownership of its aligned dealer groups (ADG). . .
26/07 Australia is working to
increase its meat exports to China, its agriculture minister
told Reuters in an interview on Wednesday, describing the Asian
giant as "a good friend" despite recent trade tensions between
the two. . .
26/07 Gold miner Newcrest Mining Ltd
said on Thursday its fourth-quarter gold output rose 15 percent
as a timely uptick in production at its flagship Cadia mine
enabled it to meet production targets.. . .
25/07 Australian shares closed lower on
Wednesday, as investors took profit on recent financials sector
gains, which offset moves higher in materials stocks on the bank
of higher commodities prices.. . .
25/07 Casino operator Crown Resorts
Ltd's dispute over a A$362 million ($270 million) tax
bill is scheduled to be heard in an Australian court next month,
legal filings show, after the tax office refused leniency.. . .
25/07 Australian consumer prices
stayed lukewarm last quarter with core inflation extending a
record run of keeping below the central bank's target,
bolstering bets policy will remain stimulatory for a long time
to come.. . .
25/07 Australia's June-quarter
consumer price index (CPI) figures, including two of the several
underlying measures that the central bank looks at, released by
the Australian Bureau of Statistics on Wednesday.
CPI. . .
23/07 New Zealand Acting Prime
Minister Winston Peters said on Monday a bill has been
introduced to Parliament to formally add employment to the
central bank's monetary policy mandate, alongside inflation
targeting.. . .
23/07 Agricultural chemical company
Nufarm Ltd cut guidance for its fiscal 2018 underlying
earnings on Monday after dry weather in Australia reduced demand
for crop protection products, sending its shares down as much as
10 percent.. . .
20/07 Australian shares ended the week higher
thanks to gains in financials, even as Friday's session was
buffeted by an earlier slide in the Chinese yuan and concerns
over escalating global trade tensions.. . .
20/07 Australian shares are seen falling at
open on Friday, tracking Wall Street losses overnight, with
material stocks expected to weigh down on the index after base
metal prices retreated.
Copper prices. . .
19/07 Woodside Petroleum Ltd said on
Thursday its second-quarter revenue jumped 20 percent, helped by
the ramp-up of production at the Wheatstone liquefied natural
gas (LNG) project and higher oil prices.. . .
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