Australasia

Australian shares advance as materials rally; NZ dips

04h15 Australian shares jumped on Friday, following a strong lead from Wall Street overnight, with materials leading the gains on the back of higher commodity prices.. . .  Full story

Australia shares set to edge higher; NZ steady

00h15 Australian shares were expected to open higher on Friday, mirroring overnight gains on Wall Street, which rose as tensions over ongoing U.S.-China trade dispute eased. However, Aussie energy stocks were. . .  Full story

China steel scrap supply to tighten amid winter production curbs - official

20/09 China's steel scrap supply is expected to tighten during winter when production curbs are in place as part of Beijing's campaign to fight pollution, a senior official at the country's metal scrap organisation said on. . .  Full story

Australia's Woodside says to load last Enfield crude oil cargo in November

20/09 Woodside Petroleum Ltd will load its last Enfield crude oil cargo in November as the Australian field reaches the end of production, a company spokeswoman said on Thursday.. . .  Full story

Australia shares dip on weaker banks, consumer stocks; NZ rises

20/09 Australian shares slipped on Thursday, led lower by banks and consumer staples with some investors looking to shift funds to emerging markets as they became less worried about the U.S.-China trade war.. . .  Full story

Strawberries spook Australia into raising jail terms for food tampering

20/09 Australia on Thursday increased the jail term to 15 years for anyone convicted of contaminating foodstuffs as a scare over needles found in strawberries and other fruits gripped the country.. . .  Full story

Top executive to leave Commonwealth Bank's wealth unit CFSGAM

20/09 Australia's Commonwealth Bank said on Thursday the head of its funds management business Colonial First State Global Asset Management (CFSGAM) will leave the firm, ahead of the unit's planned separation and listing next year.. . .  Full story

Australia shares slip as some investors shift funds elsewhere; NZ falls

20/09 Australian shares dipped on Thursday, pulled lower by banks and consumer staples as some investors appeared to shift funds to emerging markets as they felt less worried about the U.S.-China trade war.. . .  Full story

Australian regulator cracks down on misleading digital coin offerings

20/09 Australia's corporate watchdog said on Thursday it was stepping up scrutiny on "misleading" initial coin offerings (ICOs)targeted at retail investors while adding it has already acted against several such proposals.. . .  Full story

Australian retailer Premier Investments gets online earnings boost

20/09 Australian retailer Premier Investments said on Thursday its annual profit rose 9.2 percent as a spike in online sales helped it shrug off weaker domestic retail conditions.. . .  Full story

Australia shares set to open flat, New Zealand down

20/09 Australian shares are poised for a steady open on Thursday, as gains in the material stocks buoyed by firm metals prices are expected to offset declines in the other sectors. Prices. . .  Full story

Australian shares rise to 2-wk high led by materials, energy; NZ rises

19/09 Australian shares climbed to a two-week high on Wednesday, underpinned by materials and energy stocks as commodity prices rose amid a broad improvement in global investors' sentiment.. . .  Full story

Asian firms' confidence sinks to near 3-year low on trade war fears -Thomson Reuters/INSEAD

19/09 Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.. . .  Full story

MONTH OUTLOOK

19/09 . . .  Full story

Australia shares rise, led by materials, energy stocks; NZ flat

19/09 Australian shares firmed on Wednesday, led by gains in materials and energy stocks as prices of commodities and oil rose on broad improvements in global investment sentiment.. . .  Full story

Australia shares expected to rebound, NZ flat

19/09 Australian shares are expected to open higher on Wednesday, as commodity stocks are seen to rise on the back of firm metals and oil prices. China's steel and iron ore. . .  Full story

Australia strawberry industry in crisis; police say needle culprits face jail

18/09 Australian police said on Tuesday they are investigating reports of dozens of cases of needles embedded in strawberries and other fruits, and warned that those responsible could be jailed for 10 years.. . .  Full story

Australia shares fall as trade war pressures miners, energy stocks; NZ up

18/09 Materials and energy stocks pushed Australian shares lower on Tuesday as the escalating U.S.-China trade war pressured commodity and oil prices.. . .  Full story

Australia shares poised to open lower; New Zealand down

18/09 Australian shares are expected to slip on Tuesday, mirroring Wall Street, which fell overnight as markets await news on a new round of tariffs on Chinese goods by the United States.. . .  Full story

Australian aged-care stocks plunge as powerful inquiry looms

17/09 Shares in Australia's largest listed aged-care operators plunged to record lows on Monday after the government said it would set up a powerful public inquiry to investigate abuse and mistreatment in the sector.. . .  Full story

Lenders not to blame for ballooning Pacific debts - Samoa PM

17/09 Pacific Island states only have themselves to blame if they fall into debt problems and criticism of China's surging lending in the region by rival powers has been patronising, Samoa's Prime Minister said on Thursday.. . .  Full story

Australia's biggest wheat region hit by frost; hurts export prospects

17/09 Widespread frost has dented hopes that wheat growing areas in Australia's west could provide a much needed boost to output, analysts and traders said on Monday, further tightening supplies amid a prolonged drought.. . .  Full story

Aussie shares flat as bank gains offset health care slump; NZ falls

17/09 Australian shares were unchanged on Monday as health care stocks were pummelled by the news of a public inquiry into the country's aged-care sector, though gains in financials limited the losses.. . .  Full story

Australia shares set to open week steady; New Zealand down

17/09 Australian shares are set to open flat on Monday, in line with Wall Street, which ended little changed on Friday over concerns about the possible escalation of Sino-U.S. trade tensions. U.S.. . .  Full story

Australian state offers $70,000 reward as strawberries sabotaged with needles

15/09 The Australian state of Queensland on Saturday offered a A$100,000 ($71,500) reward for information leading to the arrest of those responsible for sabotaging strawberries with sewing needles.. . .  Full story

Australian shares end higher as investors by on the cheap; NZ rises

14/09 Australian bounced on Friday as investors took the opportunity to buy cheapened stocks amid an improvement in global sentiment, while higher commodity prices bolstered demand for materials, especially miners.. . .  Full story

Australians warned to cut strawberries after needles found in fruit

14/09 Australians have been warned to cut strawberries before eating them after sewing needles were found in several punnets, triggering the withdrawal of three brands from sale nationwide.. . .  Full story

Australia shares rise as investors buy beaten down stocks; NZ flat

14/09 Australian shares bounced on Friday as investors picked up bargains and as materials rose on higher commodity prices.. . .  Full story

Australian shares set to recover; New Zealand stocks fall

14/09 Australian shares are set to recover on Friday following a rise in global equities as signs of movement in Sino-U.S. trade talks caused risk appetite to improve. Local financial stocks. . .  Full story

Australian shares fall, inquiry testimony hits financials; NZ up

13/09 Australian shares fell n Thursday as banks and insurers were pummelled by damaging testimony of a powerful inquiry, though gains in miners on a recovery in commodity prices capped the losses.. . .  Full story

Aussie shares slip as powerful inquiry hits financials; NZ flat

13/09 Australian shares fell on Thursday as financials were whipped by the explosive revelations of a high profile inquiry, though gains in materials on a recovery in commodity prices capped the losses.. . .  Full story

Australian shares set to edge lower; New Zealand stocks fall

13/09 Australian shares are expected to edge lower on Thursday as financial stocks bear the brunt of an ongoing inquiry into the sector, while mining stocks are expected to be hurt by weaker commodity prices.. . .  Full story

Aussie shares end lower on banks and miners; NZ down

12/09 Australian shares eased marginally on Wednesday, unable to followthrough on the previous day's recovery as financials took another hit and mining stocks slumped on the back of falling commodities prices.. . .  Full story

Australian shares edge lower as banks, materials falter; NZ down

12/09 Australian shares ticked down on Wednesday as financials took another hit and mining stocks slumped on the back of falling commodities prices.. . .  Full story

Australian consumers soured by politics, mortgage hikes-survey

12/09 A measure of Australian consumer confidence fell sharply in September as political instability in Canberra and hikes in mortgage rates by most of the big banks soured the public mood.. . .  Full story

Hong Kong's CKI clears competition hurdle in bid for Australia's APA Group

12/09 Hong Kong's CK Infrastructure Holdings Ltd won approval on Wednesday from Australia's competition watchdog for a A$12.98 billion ($9.2 billion) takeover of gas pipeline operator APA Group, but still needs clearance from the government.. . .  Full story

Miners to weigh on Australian stocks; New Zealand flat

12/09 Australian shares are expected to come under pressure from mining stocks on Wednesday, with heavyweights BHP Billiton Ltd and Rio Tinto Ltd. . .  Full story

Australian shares end losing run as banks, energy firms bounce; NZ up 2 pct

11/09 Australian shares advanced on Tuesday, putting an end to eight consecutive days of losses as investors bought into beaten-down banks and as energy stocks firmed on higher oil prices.. . .  Full story

Australian inquiry brings threat of lawsuits against pension funds

11/09 A law firm said on Tuesday it would file class-action lawsuits against Australia's biggest bank and wealth manager seeking "very substantial" damages for allegedly cheating millions of retirees.. . .  Full story

Australian shares rise on banks, energy rally; NZ rises over 1 pct

11/09 Australian shares rose on Tuesday as investors found value in beaten-down banks and as energy stocks jumped on higher oil prices.. . .  Full story

Australia business conditions strengthen in August - survey

11/09 An index of Australian business conditions rebounded in August as firms reported improved sales and profits, though confidence softened perhaps in reaction to political uncertainty as the country's prime minister fell to a party vote.. . .  Full story

Japan's Kirin say it may sell its Lion-Dairy and Drinks unit

11/09 Japan's beer and beverage maker Kirin Holdings Co Ltd said on Tuesday it has started a strategic review of its Australian Lion-Dairy and Drinks unit, looking at a possible sale among its options.. . .  Full story

Firm threatens class actions over Australian finance inquiry revelations

11/09 Australian law firm Slater & Gordon Ltd on Tuesday said it was preparing to sue major banks and wealth managers for charging excessive fees and paying below-market rates on cash holdings on retirement savings accounts.. . .  Full story

Australia cuts wheat forecast by nearly 13 percent as drought wilts rural economy

11/09 Australia lowered its wheat forecast by nearly 13 percent on Tuesday as a crippling drought across the country's east coast has cut output from the world's fourth-largest exporter to a 10-year low.. . .  Full story

Australian shares to see subdued start; New Zealand up

11/09 Australian shares are expected to open little changed on Tuesday as a two-week inquiry into the country's financial sector continues, while global trade tensions keep investors cautious. The Royal Commission into. . .  Full story

National Australia Bank holds mortgage rates steady after rivals hike

10/09 National Australia Bank said on Monday it will not lift its variable mortgage rate as it tries to win public support following revelations of misconduct, and despite its three larger rivals hiking their own. . .  Full story

Australian shares set to lose; NZ flat in early trade

10/09 Australian shares are set to start the week lower as a global sell-down of equities over fears of an escalating Sino-U.S. trade dispute is expected to continue. The local. . .  Full story

Australian inquiry to peer into darkest corners of insurance business

09/09 When Australia's deadliest cyclone in a quarter century ripped through the country's northeast, it blew out the windows of power technician Luke Read's house and flooded it, damaging walls and making his family sick from. . .  Full story

Australian, NZ shares fall on worries US-China trade war will escalate

07/09 Australian shares fell again on Friday as most Asia-Pacific markets kept slumping, partly because of the possibility the U.S.-China trade war could escalate any time.. . .  Full story

Australia shares set to fall, NZ flat

07/09 Australian shares will likely fall on Friday tracking global peers, as investors brace for any escalation in the trade dispute between the United States and China. MSCI's global stock index. . .  Full story

COLUMN-India boosts purchases of Indonesian coal as prices drop: Russell

06/09 One of the standout commodity performers this year has been thermal coal, but not all coal is created equal and disparities in pricing may help explain why India's imports have stayed strong despite the higher. . .  Full story

Australia's big banks raise mortgage rates, risk political backlash

06/09 Two of Australia's biggest banks, Commonwealth Bank of Australia and Australia and New Zealand Banking Group, raised mortgage rates citing higher funding costs, cutting chances of an official rate hike and risking a political backlash.. . .  Full story

Australia's Telstra jumps after guidance cut smaller than expected

06/09 Australia's largest telecom firm Telstra Corp Ltd cut its guidance on Thursday, citing delays in broadband rollout, but its shares rose as the revision was smaller than feared.. . .  Full story

Australia shares set to extend losses, NZ slips

06/09 Australian shares were set to extend losses on Thursday, tracking declines in global peers as investors positioned themselves more defensively in the midst of U.S. trade disputes with China. Local energy. . .  Full story

Australia's economy storms ahead, but leaves wages behind

05/09 Australia's economy sped past all expectations last quarter as rapid population growth fuelled demand for homes and infrastructure, yet there was little sign of wage or price pressures that would warrant a rise in. . .  Full story

As inquiry lashes Australian financial firms, more ethics study for would-be bankers

05/09 When Nick Wailes started as the head of Australia's top-ranked business graduate school in February, he already had the idea of offering a course to address a shortfall of training in ethical leadership.. . .  Full story

Australia shares set to fall, NZ slips

05/09 Australia shares will likely open lower on Wednesday, as energy stocks may feel the pinch of lower oil prices and investors brace for an escalation in the U.S.-China trade conflict. U.S.. . .  Full story

Australia's central bank gov plays down housing risks

04/09 Australia's top central banker played down recent increases in mortgage rates by domestic lenders but highlighted global risks to growth including a possible escalation of trade disputes and economic strains in emerging markets.. . .  Full story

Australian shares knocked by trade worries, financial sector woes; NZ bounce

04/09 Australian shares fell on Tuesday, as reports of fresh investigations into financial institutions kept investors on edge, while overall sentiment was dampened by the threat of a further escalation in the Sino-U.S. trade dispute.. . .  Full story

Australia's cbank on hold as economy set to seal 27 years without recession

04/09 Australia's central bank entered its third year of policy stability on Tuesday, and a change seems no nearer even as its commercial cousins nudge up their home loan rates to protect profit margins.. . .  Full story

Australian rate changes since 1990

04/09 The Reserve Bank of Australia kept its cash rate unchanged at 1.5 percent on Tuesday, following its monthly policy meeting. The following is a chronology of the Reserve Bank. . .  Full story

Australian fund rebates fees to send 'clear message' on greed

04/09 An Australian not-for-profit fund said on Tuesday it will return millions of dollars in fees to investors globally to differentiate itself from for-profit rivals, as the country's financial sector reels from revelations of misconduct.. . .  Full story

Australian shares lower as trade worries weigh; NZ up

04/09 Australian shares dropped on Tuesday on festering concerns over escalating global trade frictions, while financial stocks came under renewed pressure over reports of fresh investigations into the sector.. . .  Full story

Australian government spending rises 1 pct in Q2

04/09 Australian government spending on operational items rose 1 percent in the June quarter from the previous quarter to an inflation-adjusted A$85.57 billion ($61.61 billion), the Australian Bureau of Statistics reported on Tuesday.. . .  Full story

Australia Q2 current account deficit A$13.5 bln

04/09 Australia's balance of payments data for the June quarter, released by the Australian Bureau of Statistics on Tuesday. (in A$ billion, current prices) Seasonally adjusted. . .  Full story

Japan's Dai-Ichi Life to buy Suncorp Life for $460 mln

04/09 Dai-ichi Life Holdings Inc said on Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group Ltd, for A$640 million ($460 million), in the latest overseas expansion for a Japanese insurer. . .  Full story

Australia shares likely to slip; NZ down

04/09 Australian shares are set to mark time on Tuesday, cautious of worries over the escalation of trade disputes between world powers and a dip in iron ore prices in Dalian, China.. . .  Full story

Trade worries caused Asian shares to deepen 2018 losses in August

03/09 Asian stocks slipped in August, dragged down by the trade dispute between China and the United States, while the plunge in the Turkish lira prompted some investors to sell emerging market assets.. . .  Full story

Perth Mint's August gold, silver sales rise on lower prices

03/09 Sales of gold products by the Perth Mint in August rose from a month earlier to their highest since October 2017, as lower bullion prices attracted buying, the mint said on Monday.. . .  Full story

Wary Australian consumers dampen July retail sales, point to cautious Q3

03/09 Australian retail sales fizzled out in July while nationwide home prices fell again in August and a measure of job advertisement eased, suggesting a further dent in consumer confidence and spending.. . .  Full story

Australian shares tepid on lingering trade worries; NZ down

03/09 Australian shares edged higher in subdued trade on Monday as growing worries of a further escalation of the U.S.-China trade war checked investor sentiment.. . .  Full story

Australian job advertising slows in August - survey

03/09 Australian job advertisements in newspapers and on the internet eased in August, a survey showed on Monday, while annual growth slowed to 5.1 percent.. . .  Full story

Australian home prices fall in August as credit tightens-CoreLogic

03/09 Australian home prices slipped for the 11th straight month in August as losses in Melbourne accelerated while Sydney remained weak, data showed on Monday, a trend that could worsen given upward pressure on mortgage. . .  Full story

Australia manufacturing activity rebounds in August-surveys

03/09 Australian manufacturers reported that activity picked up in August after a soft July, with new orders and exports rebounding in a positive sign for employment and economic growth.. . .  Full story

Australia shares set to rise; NZ declines

03/09 Australian shares are poised to inch higher on Monday on the back of a recovery in iron ore prices, while investors may be cautious amid a potentially worsening trade war. The. . .  Full story

Zimplats FY profit tumbles after higher deferred tax charge

31/08 Zimbabwe's largest platinum miner Zimplats on Friday reported a 94 percent drop in after-tax profit to $2.6 million after incurring a higher deferred tax charge.. . .  Full story

Indonesia-Australia push economic ties, trade deal soon

31/08 The leaders of Indonesia and Australia on Friday concluded talks on an economic partnership to boost trade in areas ranging from cars to cattle, as well as relaxing controls on investing in services such. . .  Full story

Australia c.bank seen extending record run of stable rates

31/08 Australia's central bank will likely extend its record stretch of stable rates well into next year, a Reuters poll of 42 economists found on Friday, with a 25-basis-point hike not expected before end-2019.. . .  Full story

Australia-Indonesia leaders meet in Jakarta to seal trade deal

31/08 Australia's prime minister called for greater investment and engagement with Indonesia on Friday, ahead of talks with his Indonesian counterpart on a free trade deal that could be signed later this year.. . .  Full story

Australia shares set to rise on firm oil prices; NZ slips

31/08 Australian shares were set to gain on Friday, helped by oil prices on Thursday rising to the highest in more than a month on growing evidence of disruptions to crude supply from Iran and. . .  Full story

Australia's central bank says power failure hits payment system

30/08 The Australian central bank said on Thursday an internal power failure caused by maintenance of its fire control systems interrupted its Sydney data centre and affected its ability to process some payments. . .  Full story

Australia wants to ban life insurance cold calls as inquiry looms

30/08 An Australian regulator said it wants to ban life insurers from outbound telephone sales that pressure customers into buying unwanted policies, giving a peek at practices to be scrutinised next month at a powerful. . .  Full story

Australian watchdog clears Transurban-led bid for $11.7 bln WestConnex stake

30/08 Australia's competition regulator cleared on Thursday a bid led by Transurban Group for a controlling stake in Sydney's A$16 billion ($11.66 billion) WestConnex toll-road project after the company pledged to publish key traffic data.. . .  Full story

Australia business investment slips, but firms upbeat on outlook

30/08 Australian business investment took a surprising fall last quarter as miners wrapped up work on some major projects, though a sizable upgrade to spending plans for the year ahead suggested the pullback was. . .  Full story

Australia shares set to gain on strong oil prices, NZ marks time

30/08 Australian shares are set to rise on Thursday, helped by a pick up in oil prices and tracking U.S. peers, ahead of data on July building approvals due to be released later in the. . .  Full story

Indonesia, Australia hope to announce economic partnership on Friday

29/08 The leaders of Indonesia and Australia hope to announce on Friday the completion of negotiations on an economic partnership pact aimed at boosting trade between the neighbours, foreign ministry officials said.. . .  Full story

Australia's Westpac hikes mortgage rates; shares climb

29/08 Australia's Westpac Banking Corp became the nation's first major lender on Wednesday to raise its key mortgage rates in an effort to preserve its profit margins amid higher wholesale funding costs.. . .  Full story

Australian shares lifted by financials, reopened NZ closes at record high

29/08 Australian shares rose again on Wednesday, supported by financial stocks, while New Zealand's benchmark index had its biggest gain in seven months and ended at a record high the day after system glitches halted. . .  Full story

Boral boosted by booming Australian infrastructure building

29/08 Australia's largest building materials supplier Boral Ltd posted a record annual profit on Wednesday, thanks to earnings from a new division in the United States and an infrastructure boom offsetting Australia's cooling home market.. . .  Full story

How climate policy wars are frustrating corporate Australia

29/08 Australia's revolving door of political leadership has hit confidence in sectors particularly prone to policy uncertainty, such as energy, which could hurt business investment and push back the timeframe for a central bank interest rate. . .  Full story

Australia's Freedom Insurance Group annual profit falls 6 pct

29/08 Life insurer Freedom Insurance Group Ltd said on Wednesday its annual net profit fell six percent, hurt by weak sales in the first half of the fiscal year.. . .  Full story

Australia shares set to slip on weak oil, Dalian iron ore prices; NZ up

29/08 Australian shares are set to slip on Wednesday on weakness in oil and iron ore futures traded in Dalian, China on Tuesday. Profit taking led to Brent crude futures. . .  Full story

Australia shares end up on hopes of easing trade tensions; glitch halts NZ

28/08 Australian shares ended higher on Tuesday, buoyed by hopes that global trade tensions may be easing after the United States and Mexico found common ground to overhaul a North American trade deal.. . .  Full story

Shares in Australian insurer hit all-time low ahead of inquiry

28/08 Shares in Australia life insurer Freedom Insurance fell to an all-time low on Tuesday after the company was listed among ten firms to appear next month before an inquiry into misconduct in the financial services. . .  Full story

Australian shares rise on hopes global trade gloom is easing; NZ edges up

28/08 Australian shares climbed over half a percent on Tuesday, buoyed by a record close on Wall Street and a trade deal between the United States and Mexico that investors hoped would ratchet back rising. . .  Full story

Australia shares set to rise on U.S.-Mexico deal; NZ starts flat

28/08 Australian shares are set to rise on Tuesday, helped by a run-up in oil prices on Monday and tracking American peers on news of the United States and Mexico agreeing to overhaul the North. . .  Full story

Australia's new PM due in Indonesia this week amid hopes on trade

27/08 Australia's new prime minister is to visit Indonesia this week on his first overseas trip since being sworn in, Indonesia's foreign ministry said on Monday, amid expectation the neighbours are close to signing a. . .  Full story