15/11 Australian shares are likely to track
their Wall Street peers higher on Friday after reports of
possible leeway in the Sino-U.S. trade standoff helped risk
The local share price index. . .
15/11 Australia has readied its
stretched power grid to cope with a hotter-than-normal summer,
with extra electricity supply lined up for the system in case of
disruptions, the energy market operator said in a statement. . .
15/11 Australian shares erased early losses to
close almost flat on Thursday as investors took heart from
further signs that both Beijing and Washington may be moving to
de-escalate their months-long trade dispute.. . .
15/11 Australia's economy is less
vulnerable to shocks thanks to regulators' efforts in recent
years to curb riskier home lending with macro prudential
measures, a top central banker said on Thursday.. . .
15/11 Australian employment was
surprisingly strong in October as firms took on more full time
staff and the jobless rate stayed at its lowest since 2012, a
bumper report that sent the local dollar skipping. . .
14/11 Australian wages rose at the
fastest annual pace in almost three years last quarter but only
thanks to a mandated increase in minimum wages, while growth in
much of the private sector stayed stubbornly. . .
14/11 The Australian government will
buy up to A$2 billion ($1.44 billion) in small businesses loans
from non-bank lenders, Treasurer Josh Frydenberg said on
Wednesday, in an effort to inject funding to capital-starved
businesses.. . .
13/11 No country can block China's
cooperation with island nations in the Pacific and the area is
no country's sphere of influence, a senior diplomat said on
Tuesday, ahead of a summit between President Xi. . .
13/11 China's appetite for liquefied
natural gas (LNG) has not slowed, but its purchases have been
spread more evenly, avoiding last year's sudden spike to meet
winter demand, Australia's top independent LNG producer said on
Tuesday.. . .
13/11 Australian shares tumbled on Tuesday as
concerns over slowing global growth continued to undercut
equities, with a sell-off in tech stocks on Wall Street leading
a broad risk-off move globally.. . .
13/11 An index of Australian business
conditions declined in October, driven by a slowdown in firms'
intention to hire more workers though the labour market remains
largely robust even though wages growth is seen growing. . .
12/11 Australia's most populous
state of New South Wales outlined plans on Monday to speed
development of A$2.6 billion ($1.9 billion) worth of
transmission capacity to hook up more wind and solar power.. . .
12/11 Australian education provider
Navitas Ltd on Monday spurned a A$2 billion ($1.4
billion) buyout offer from its founder and an Australian private
equity firm as too low, but kept the door ajar for. . .
09/11 Australian lithium producer
Altura Mining on Friday said it had signed a deal to
supply Chinese battery giant Ganfeng Lithium with
concentrate from its Pilgangoora mine in Western Australia.. . .
09/11 Australian shares eased on Friday,
tracking global declines after the U.S. Federal Reserve affirmed
its intention to continue raising rates and as softer metals
prices and new state regulations weighed on mining stocks.. . .
09/11 Westpac Banking Corp won
vindication of its decision to fight accusations its conduct in
handling of a key rate was unconscionable as an Australian court
fined it A$3.3 million ($2.4 million), far less than. . .
09/11 Dairy group Murray Goulburn Co-operative
said on Friday it has reached a settlement in principle
with Australia's competition regulator over a court case into
allegations the company in 2016 misled farmers about the price
they. . .
08/11 Beijing and Canberra
should be cooperating in the South Pacific and not be cast as
strategic rivals, China's top diplomat said on Thursday, after
Australia launched a multi-billion dollar fund to counter
China's rising influence. . .
08/11 Australia's bank regulator said on
Thursday it wants to raise the amount of spare capital banks
must carry, its third such request in three years, heaping
pressure on companies already bracing for tightened regulation.. . .
08/11 Australia will offer Pacific
countries up to A$3 billion ($2.18 billion) in grants and cheap
loans to build infrastructure, Prime Minister Scott Morrison
said on Thursday, as Canberra seeks to counter China's rising
influence in. . .
08/11 Australian administrative services
provider McMillan Shakespeare Ltd will buy Eclipx Group
Ltd for an implied value of A$911 million ($661.9
million), or A$2.85 per share, in cash and stock, the companies
said on Thursday.. . .
08/11 Australian shares touched two-week highs
on Thursday, buoyed by a Wall Street rally after the U.S.
midterm elections, though gains lagged the broader surge as
investors remained focused on U.S.-China trade issues.. . .
08/11 New Zealand's central bank
struck a neutral tone as it marked two full years of steady
policy on Thursday, saying its next move would depend on how the
economy fared and cautioned of downside. . .
08/11 Shares in Australia's biggest gas
pipeline company APA Group fell 11 percent on Thursday
after Australia's treasurer said he intended to block a A$13
billion ($9.5 billion) buyout by Hong Kong's CK Group.. . .
07/11 Australia is poised to bar Hong
Kong-based CK Group going ahead with a A$13 billion ($9.4
billion) takeover of the country's biggest gas pipeline company,
APA Group, based on a preliminary view that it. . .
07/11 Australian shares were weaker in thin
trade on Wednesday as investors awaited the outcome of U.S.
The S&P/ASX 200 index fell 0.4 percent or 21.4 points
to 5853.800 by 0100 GMT, with declines. . .
07/11 Commonwealth Bank of Australia
, the country's biggest lender by assets and market
value, posted a 5.7 percent fall in first-quarter cash profit on
slowing loans growth and higher funding costs.. . .
06/11 Australian shares are set to open higher
on Wednesday in line with U.S. stocks, which edged up as
Americans went to the polls in pivotal midterm elections that
could shift the balance of power. . .
05/11 Australian shares are set to open
unchanged on Tuesday, as investors remain cautious about U.S.
sanctions on Iran while country's central bank is widely
expected to keep rates at a record low.. . .
05/11 Australia's central bank is seen
extending its record spell of steady rates well into next year,
according to a median of economists polled by Reuters, with a
25-basis-point hike not expected before early-2020.. . .
05/11 Australian shares were little changed on
Monday after the White House damped down optimism over Sino-U.S.
trade talks, weakening investor sentiment, with financials and
energy stocks leading the declines.. . .
05/11 Australian job advertisements in
newspapers and on the internet inched higher in October after
falling for two consecutive months while annual growth was the
slowest since April 2015, a survey showed on Monday.. . .
05/11 Australia's second-biggest lender
Westpac Banking Corp reported flat annual cash earnings
growth on Monday, missing expectations, as refunds and legal
costs soared in the wake of a damaging public inquiry.. . .
04/11 Westpac Banking Corp reported
flat cash earnings growth on Monday, missing expectations, as
customer refunds and legal costs soared in the wake of damaging
revelations of wrongdoing at a public inquiry.. . .
04/11 Australian shares are set to open little
changed on Monday as investors remain cautious after the White
House dampened optimism over U.S.-China trade talks.
Markets had earlier climbed on hopes. . .
03/11 China National Nuclear Corp
(CNNC) is looking to invest in overseas uranium mines to secure
supply for an expected ramp-up in China's nuclear power
generation, a senior company executive said on Wednesday.. . .
02/11 Asian shares posted their biggest monthly
losses in nearly 6-1/2 years in October on worries over slowing
corporate earnings, higher U.S yields, and trade tensions
between the United States and China.. . .
02/11 Australian shares turned higher on Friday
as a report suggesting U.S. President Donald Trump was taking
steps to resolve a trade dispute with China bouyed risk appetite
in the region, with firms exposed. . .
02/11 Australian retailers faced another
month of sluggish sales growth as consumers, nervous about
stagnant wages and tumbling house prices, curbed spending in a
sign third-quarter economic growth could disappoint.. . .
02/11 Australian shares edged lower on Friday,
defying a broader rally in global markets and weighed by energy
stocks as crude oil prices weakened and fresh worries about
domestic growth in the third quarter.. . .
02/11 Specialist mining investors
have found a "buyer's market" for projects as the mining sector
struggles to compete for funding with new industries, multiple
industry executives said at a conference this week.. . .
01/11 Australia's benchmark index closed
slightly higher on Thursday as shares in BHP shot up as
much as 6.2 percent after the world's biggest miner announced a
blockbuster $10.4 billion shareholder return.. . .
01/11 Home prices in Sydney, Australia's
biggest city, posted its worst annual performance since 1990 in
October, dragging down national values and pointing to a
further slowdown over coming months in a blow to. . .
01/11 National Australia Bank (NAB)
posted a 14 percent fall in annual cash earnings on
Thursday as the country's fourth-largest lender grapples with
the costs of compensating customers and improving compliance
following revelations of wrongdoing.. . .
01/11 Shares in Australia's
largest-listed wealth manager, AMP Ltd, jumped more
than 7 percent on Thursday, following reports that the country's
largest investment bank, Macquarie Group, was
considering a tilt at the embattled firm.. . .
01/11 Australian shares started the month on a
positive note on Thursday, following a rocky October, gaining as
much as 0.8 percent in morning trade, powered by mining giant
BHP and financial stocks.. . .
31/10 National Australia Bank (NAB)
posted a 14.2 percent fall in annual cash earnings on Thursday
as the country's fourth-largest lender grapples with the costs
of compensating customers and a series of compliance failures.. . .
31/10 Australian shares are set to open slightly
higher on Thursday, tracking Wall Street which surged overnight
on strong earnings, but gains are likely to be capped by a fall
in commodity prices.. . .
31/10 Struggling to adjust in the face
of a damning inquiry into the financial sector, two of
Australia's top banks shelved plans for share market spin-offs
on Wednesday while its biggest wealth manager faced an. . .
31/10 Australia's AMP Ltd
on Wednesday defended the valuation and sale of its
life insurance arm after a large shareholder threatened to
campaign for a board spill over the price it agreed for the
business last. . .
31/10 Commonwealth Bank of
Australia will sell its asset management arm to
Mitsubishi UFJ Financial Group for $2.9 billion in a
surprise sale, the latest business to be sold by an Australian
financial giant amid unprecedented. . .
31/10 Australia's prudential watchdog
rejected on Wednesday criticism it was too soft in regulating
the country's beleaguered banking industry, saying it is
mandated to focus on material risks to banks' stability and not
on their treatment. . .
31/10 Australian consumer prices stayed
tepid last quarter while core inflation - a measure closely
followed by the central bank - dipped, knocking the local dollar
and cementing expectation any hike in interest rates is. . .
31/10 Australia and New Zealand Banking
Group said on Wednesday that second-half profit tumbled
13 percent, hit by costs to compensate customers hurt by the
bank's misconduct as well as increases in the cost of. . .
31/10 Australian shares were little changed on
Wednesday, as gains in energy and financial stocks were offset
by losses in metal and healthcare firms, with the benchmark on
track to post its biggest monthly loss. . .
30/10 Australia and New Zealand Banking Group
Ltd said on Wednesday full-year cash earnings fell 5
percent, hit by mounting compliance costs that include
compensation to customers hurt by poor bank practices.. . .
30/10 Australia shares reversed course to end
higher on Tuesday as Chinese equities rose on fresh attempts by
Beijing to stabilize its markets, though underlying sentiment
remained fragile in an environment of heightened volatility in
global. . .
29/10 Australian adult education
provider Navitas Ltd on Monday rebuffed a A$1.97
billion ($1.4 billion) approach from its founder and a private
equity firm, leaving some investors concerned the tactic may not
generate a better deal.. . .
29/10 Australian shares rose on Monday, posting
its best intra-day gain in nearly two weeks led by gains for all
major sectors, as investors bought into firms that took a
hammering during the recent sell-off. . .
26/10 Drought is expected to cut
eastern Australia's crop production this year to less than half
the average over the past 20 years, with New South Wales to be
worst hit, the country's agricultural commodities. . .
26/10 Property Exchange Australia
(PEXA), an online property settlements firm owned by the
nation's big banks and local governments, has shelved its
initial public offering (IPO) due to market volatility, a source
said on Thursday.. . .
26/10 The Australian government
proposed on Friday setting up a A$3.9 billion ($2.8 billion)
fund for water infrastructure and drought related projects to
buffer farming communities from future droughts, as parts of the
country endure extreme. . .
25/10 Australian shares are placed to open up
over 1 percent, recovering sharply from previous session's lows,
with energy stocks poised to do well.
U.S. stocks rebounded overnight after the massive. . .
25/10 Commonwealth Bank of Australia
, the country's top lender, will become the first
financial firm in the country to embed corporate watchdogs in
its offices following revelations at a national inquiry of
widespread misconduct in. . .
25/10 Australian shares sank across the board
on Thursday to end at a more than one-year low, with metals and
mining leading the descent after Wall Street's biggest daily
decline since 2011 set the. . .
25/10 The world's No. 4 iron ore miner
Fortescue Metals on Thursday reported an 8.6 percent
fall in first-quarter iron ore shipments as pollution curbs in
China reduced demand for its lower grade ore.. . .
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