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Malaysia anti-graft agents quiz ex-PM as government tots up ballooning debt
Former Malaysian premier Najib Razak completed his statement to anti-graft agents on Thursday, as the Southeast Asian country's new government revealed some $50 billion of liabilities adding to debt left behind by Najib's scandal-hit administration.. . .
Australia's Commonwealth Bank says it double-charged thousands of customers
Australia's largest lender, Commonwealth Bank of Australia, told a powerful misconduct inquiry it double-charged interest to thousands of customers due to a coding error, the second time it has used that reason to explain systemic. . .
Australia shares edge up, aided by Aristocrat Leisure; NZ gains 0.4 pct
Australian shares snapped a five-day losing streak on Thursday, aided by gains for gambling equipment marker Aristocrat Leisure that helped outweigh a continued fall for financial stocks.. . .
Australia's Westpac cleared of rate rigging but bank inquiry sword stays
Australia's Westpac Banking Corp was cleared by a court of accusations it rigged a key rate to boost profit, but the win on Thursday against a regulator was dampened by an additional finding of unconscionable. . .
New Zealand probes financial sector oversight after Australian scandals
New Zealand regulators on Thursday asked the chief executives of life insurers operating in the country, including AMP, to demonstrate they do not struggle with the same conduct risks as their Australian counterparts.. . .
Australian shares slip on financials; NZ rises on a2 Milk
Australian shares edged down on Thursday, with banks leading the way lower.. . .
Australia's embattled AMP appoints new group general counsel
Australia's largest wealth manager AMP Ltd said on Thursday it would appoint David Cullen as the group's general counsel effective immediately.. . .
Australia's Origin Energy to sell metering business for $203 mln
Australian energy retailer Origin Energy Ltd said on Thursday it has agreed to sell its metering business, Acumen, for A$267 mln ($202.07 mln) to intelliHUB, a company to be jointly owned by Pacific. . .
Australia's Aristocrat Leisure H1 profit rises; digital revenue triples
Australia's Aristocrat Leisure said on Thursday that its half-year net profit rose 2.8 percent, as it cashed in a casual gaming gamble with digital revenue more than tripling for the period.. . .
Australia shares set to extend losses; NZ steady
Australian shares were likely to slip at the open on Thursday, extending losses to their sixth straight session, with material and energy stocks expected to come under pressure after oil and iron ore. . .
Malaysia's Mahathir widens graft crackdown, seeks to cut national debt
Ninety-two-year-old Malaysian Prime Minister Mahathir Mohamad held his first cabinet meeting on Wednesday as officials widen a probe into corruption linked to the previous government with raids on sites linked to the head of a. . .
Japan's Osaka Gas may sign new long-term LNG supplies to boost trading
Osaka Gas may sign new long-term liquefied natural gas (LNG) contracts as Japan's second-biggest city gas supplier boosts its trading operations amid a shake-up in the Asian market for the fuel, a senior official said.. . .
China among biggest economic risks for Australia- RBA governor
The possibility of "something going wrong in China" is among the biggest economic risks faced by Australia, Reserve Bank of Australia Governor Philip Lowe said on Wednesday, citing the build-up of debt in the. . .
Left behind: why boomtown New Zealand has a homelessness crisis
New Zealand's dairy-fuelled economy has for several years been the envy of the rich world, yet despite the rise in prosperity thousands of residents are sleeping in cars, shop entrances and alleyways.. . .
Australia's Myer rebuts discounting charge, says shareholder 'conflicted'
Australia's Myer Holdings Ltd has dismissed charges by top shareholder Solomon Lew of engaging in an "extreme" discount program, and said Lew's Premier Investments Ltd is conflicted due to being a major supplier and competitor. . .
Australian shares fall on Santos plunge; NZ dips on Fonterra
Energy stocks drove Australian shares lower on Wednesday, after oil and gas producer Santos rejected U.S.-based firm Harbour Energy's $10.8 billion takeover offer.. . .
Woodside looks to speed up Scarborough gas development off Australia
Australia's biggest liquefied natural gas (LNG) producer Woodside Petroleum on Wednesday outlined plans to accelerate and expand its Scarborough gas project off northwestern Australia, now expected to cost $10 billion.. . .
New Zealand c.bank prepared for quantitative easing, asset purchases in crisis
New Zealand's central bank could slash interest rates into "modestly negative territory" and undertake large-scale asset purchases in case of a major financial crisis, it said in a research paper on Wednesday.. . .
Australian shares slip on Santos slump; NZ falls on Fonterra
Australian shares dipped on Wednesday, with energy stocks leading declines after oil and gas producer Santos rejected U.S.-based firm Harbour Energy's $10.8 billion takeover offer.. . .
-Santos shares drop 9 pct after snubs $10.8 bln takeover offer
Shares in Santos Ltd fell 9 percent after the Australian gas producer rejected a $10.8 billion takeover offer from U.S.-based Harbour Energy, holding up slightly better than analysts had expected.. . .
Australia shares to slip; New Zealand down
Australian shares were expected to dip at the open on Wednesday taking cues from Wall Street, which ended lower overnight on uncertainty over the outcome of trade talks between the United States and. . .
Australia's Westpac pushed pie shop owner to repay loan, inquiry told
Australia's Westpac Banking Corp repeatedly phoned and texted the owner of a failed pie shop to demand repayment of a loan, the shop owner said on Tuesday, as a financial inquiry focused on abuses. . .
Australian shares plunge to three-week low, banks weaken
Australian shares tumbled to a three-week low on Tuesday, led by bruised banks following admissions of misconduct by the country's biggest lenders in a powerful Royal Commission inquiry into the scandal-hit sector.. . .
Australian shares fall on broad-based losses; NZ flat
Australian shares plunged to a near three-week low on Tuesday, as investors fled stocks across the board, with banks bruised by the latest admissions at a powerful Royal Commission inquiry into the scandal-hit. . .
Australia shares set to gain tracking Wall Street, NZ rises
Australian shares are seen inching up on Tuesday, following Wall Street which climbed as a truce between the United States and China calmed fears of a potential trade war, while Aussie miners are expected. . .
Australia's APN Outdoor offers to buy HT&E's Adshel
Australia's APN Outdoor Group Ltd said on Monday it had offered to buy media company HT&E's outdoor advertising division, hours after the latter said oOh!media's sweetened offer was not in its best interests.. . .
Westpac made blind pensioner a guarantor without risk advice, inquiry hears
Australia's Westpac Banking Corp admitted on Monday to signing up a legally blind pensioner as loan guarantor for her daughter's business without warning her of the risks, then threatened to evict her when the business. . .
Australian shares flat on weak banks, Santos jumps on M&A; NZ down
Australian shares were largely flat on Monday as losses in material and banking stocks undercut positive sentiment stemming from easing U.S.-China trade tensions, though M&A news buoyed Santos Ltd and underpinned the energy sector.. . .
Australia shares to start week lower; NZ slips
Australian shares are expected to open lower on Monday, tracking losses on Wall Street, while weak metal prices are likely to weigh on material stocks. All three major U.S. stock. . .
Australian PM to visit China to smooth trade ties
Australian Prime Minister Malcolm Turnbull will travel to China later this year to smooth over bumpy diplomatic ties that have now developed into trade problems for some of Australia's biggest wine and beverage exporters, Fairfax. . .
Materials drag Aussie shares lower, offset record CSL gains; NZ rises
Australian shares ended slightly lower on Friday as weak commodity prices hit material stocks, tempering a rally in the healthcare sector which was buoyed by shares of biotherapeutics firm CSL Ltd after an earnings. . .
Australia's Westpac hires complaints head amid damaging inquiry
No. 2 Australian lender Westpac Banking Corp said on Friday it had been "too slow" to resolve customer complaints and had created an executive role to handle them, as the country's financial sector responds. . .
CSL becomes Australian top 5 firm as profit outlook sends shares surging
Australian pharmaceutical firm CSL Ltd lifted its profit outlook for the second time in three months on Friday, spurring its shares to a record high and making it one of the country's five biggest. . .
Australia shares hurt by materials losses, CSL shines on profit upgrade; NZ gain
Australian shares pulled back slightly on Friday as weak commodity prices hit material stocks and tempered a rally in the healthcare sector, which was buoyed by an earnings upgrade from biotherapeutics firm CSL Ltd.. . .
Macquarie to restructure advice business to focus on rich clients
Macquarie Group said it will merge its private bank and wealth business units to focus on wealthy clients, becoming the latest bank to reduce its exposure to Australia's scandal-hit advice industry.. . .
Australia shares set to rise; NZ gains
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Australia trade minister says China not making trade gains at Australia's expense
China is not making gains on trade at Australia's expense, Australia's trade minister said in remarks prepared for delivery on Thursday during his visit to Shanghai, adding that Australia continues to welcome China's rise.. . .