Australasia

Australian Q4 consumer prices rise 0.9% q/q

02h35 Australia's December-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. . .  Full story

Australia shares fall from 11-month high as big miners, energy stocks weigh

02h15 Australian shares slipped on Wednesday from an 11-month peak scaled in the previous trading session, dragged down by big miners and energy stocks, while investors awaited inflation data and outcome of the U.S. Federal. . .  Full story

Oil Search sees 'another challenging year', lower output in 2021

00h37 Papua New Guinea-focused Oil Search Ltd said on Wednesday it expects 2021 to be another challenging year and forecast lower annual output due to planned maintenance activity at the PNG liquefied natural gas (LNG) plant.. . .  Full story

China, New Zealand ink trade deal as Beijing calls for reduced global barriers

26/01 China and New Zealand signed a deal on Tuesday upgrading a free trade pact to give exports from the Pacific nation greater access to the world's second-largest economy.. . .  Full story

Kawasaki Heavy aims to replicate LNG supply chain with hydrogen

26/01 Japan's Kawasaki Heavy Industries is aiming to replicate its success as a major liquefied natural gas (LNG) tanker producer with hydrogen, a key element that may help decarbonize industries and aid the global energy transition.. . .  Full story

New Zealand shares end lower weighed by travel, utility stocks; Australia closed

26/01 Industrial and tourism-related stocks pressured New Zealand shares on Tuesday, amid muted trading, as Australian equity markets were shut for a holiday.. . .  Full story

New Zealand shares fall most in a week; Australia closed

26/01 New Zealand shares slipped 0.5% on Tuesday, with financials and industrials leading the declines, even as trading remained subdued owing to the closure of equity markets in Australia for a public holiday.. . .  Full story

China, New Zealand upgraded free trade deal to be signed on Tuesday- sources

25/01 A deal to upgrade the free trade pact between China and New Zealand, which was agreed upon after years of negotiations, will be officially signed on Tuesday, sources aware of the discussions said.. . .  Full story

Australia's securities regulator says server hit by cyber security breach

25/01 Australia's securities regulator said on Monday there was a cyber security breach at a server it used to transfer files including credit licence applications where some information may have been viewed.. . .  Full story

Australia shares end at 11-month high as country approves Pfizer vaccine

25/01 Australian shares closed higher on Monday after the country's drug regulator approved the Pfizer-BioNTech COVID-19 vaccine for use, while expectations of a $1.9 trillion fiscal stimulus plan to kick-start the U.S economy lifted broader sentiment.. . .  Full story

Australia shares set to open higher; NZ slips

24/01 Australian shares are set to open higher on Monday, ahead of a raft of domestic and global economic data over the week, with a push from U.S. President Joe Biden for a fresh $1.9. . .  Full story

Botswana's private coal miner to double output if it wins Eskom contract, says CEO

22/01 Botswana's privately owned coal miner Minergy Ltd will double its output by opening a new mine if it wins a contract to supply coal to South Africa's biggest power utility Eskom, its chief executive. . .  Full story

Australia shares edge lower; post weekly gain on U.S. stimulus plan

22/01 Australian shares eased slightly after three sessions of gains on Friday, but ended the week 1.3% higher as investor confidence improved on U.S. President Joe Biden's fiscal stimulus plans.. . .  Full story

Australia shoppers pull back in December, outlook still strong

22/01 Australian retailers suffered their biggest sales drop in eight months in December, recoiling after consumers brought forward their Christmas shopping although timely card spending data by banks point to a rebound in the New Year.. . .  Full story

Australian shares on track to gain 1.5% for week on further U.S. stimulus hopes

22/01 Australian shares were slightly lower on Friday, hurt by losses among energy and tech stocks, but on track to gain over 1.5% for the week on renewed hopes for further fiscal stimulus in the. . .  Full story

Australia shares end at 11-month high as jobs data fans optimism

21/01 Australian shares finished at their highest in 11 months on Thursday as strong employment data instilled confidence that the country's economy was firmly on the path to recovery, while broader risk-on cues boosted investor appetite.. . .  Full story

Woodside sees global LNG market balanced from 2025

21/01 Woodside Petroleum sees the global liquefied natural gas (LNG) market returning to balance from 2025 onwards, following a big glut last year, with demand growing and fewer new projects being approved, Chief Executive Peter Coleman. . .  Full story

Australian jobless rate falls as employment nears pre-pandemic highs

21/01 Australia boasted another solid rise in employment in December as strength in consumer spending and housing helped drive the jobless rate down to 6.6%, recovering most of the job losses suffered during the pandemic lockdown. . .  Full story

Australian economy forecast to rebound in 2021 as pandemic subsides

21/01 Australia's economy, which entered 2021 in better shape than most of its peers, will gain further momentum from the successful domestic suppression of the coronavirus pandemic and supportive policies, according to a Reuters poll of. . .  Full story

Australia shares set to open higher on Biden inauguration, rising commodity prices

20/01 Australian shares are expected to gain on Thursday, tracking a rise on Wall Street after Joe Biden was sworn in as the 46th U.S. president, while robust commodity prices will likely boost local mining. . .  Full story

Australian shares at near 11-month high as Yellen backs more U.S. stimulus

20/01 Australian shares ended firmer on Wednesday, taking cues from overnight gains in Wall Street, on expectations that a $1.9 trillion U.S. stimulus package would come through, while optimism over domestic corporate earnings also lent support.. . .  Full story

Australian shares open higher on hopes of further U.S. stimulus

20/01 Australian shares opened higher on Wednesday, helped by gains among tech and energy stocks, as market participants bet on hopes of further fiscal stimulus in the United States.. . .  Full story

Australian consumer confidence clouded by COVID-19 in Jan -survey

20/01 A measure of Australian consumer sentiment slipped from a decade high in January as new outbreaks of COVID-19 in Sydney and Brisbane spooked people, though the spread has now been contained with relatively few. . .  Full story

Coal producer Yancoal Australia sees demand rebounding

19/01 Yancoal Australia Ltd said on Tuesday it expects a rebound in demand for coal-fired electricity generation in 2021 as global economic conditions are set to improve.. . .  Full story

Two LNG tankers bound for Australia's Prelude facility divert-shiptracking data

19/01 Two liquefied natural gas (LNG) tankers that had initially signalled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, shiptracking data showed on Tuesday.. . .  Full story

Australia shares close higher on rebound in miners, financials

19/01 Australian shares ended firmer on Tuesday, as mining and financial stocks recovered from sharp losses in the previous session, with Bingo Industries being the biggest gainer in the index after the waste management firm received. . .  Full story

Australia shares jump 1%, led by gains in mining and financial stocks

19/01 Australian shares rose more than 1% on Tuesday, on the back of gains among financial and mining stocks, with waste management firm Bingo Industries being the biggest gainer after it received a buyout offer.. . .  Full story

Australia's Bingo Industries gets $1.8 bln buyout offer, shares soar

19/01 Australia's Bingo Industries said on Tuesday it had received a A$2.29 billion ($1.8 billion) cash buyout offer from a consortium led by private equity firm CPE Capital, sending the waste management firm's shares to. . .  Full story

Australia's Bingo Industries gets $1.8 bln offer from CPE Capital-led consortium

18/01 Australian waste management company Bingo Industries on Tuesday said it received a cash buyout offer from a consortium led by private equity firm CPE Capital, valuing the firm at A$2.29 billion ($1.76 billion).. . .  Full story

Australia shares set to open higher as robust commodity prices benefit miners

18/01 Australian shares are likely to open higher on Tuesday, helped by heavyweight miners benefiting from stronger commodity prices and ahead of important domestic production results and U.S. markets restarting after a holiday.. . .  Full story

Australia shares end lower as new COVID-19 cases emerge over weekend

18/01 Australian shares ended lower on Monday, as the emergence of new COVID-19 cases in New South Wales over the weekend and news the country may not fully reopen its international borders this year despite. . .  Full story

Australia shares open lower after new coronavirus cluster emerges in Sydney

18/01 Australian shares opened lower on Monday, hurt by losses among miners and energy stocks as news of a new coronavirus cluster near Sydney soured sentiment, and ahead of important domestic production results later this. . .  Full story

Australia shares set to open lower as new COVID cluster emerges

17/01 Australian shares are set to open slightly lower on Monday, as the emergence of a new coronavirus cluster in a Sydney suburb dents confidence, and ahead of a U.S. market holiday and important domestic. . .  Full story

Australia shares pare gains as health stocks offset U.S. stimulus boost

15/01 Australian shares pared early gains to end steady on Friday as investors lapped up U.S. President-elect Joe Biden's plans for a massive stimulus package, though tepid performances in domestic healthcare stocks weighed on the benchmark.. . .  Full story

Australia's Tyro plunges after short-seller takes aim at payment terminal issues

15/01 Shares of Australia's Tyro Payments Ltd plunged more than 12% on Friday after a short seller said the company had under-reported the extent of outages across its payments terminals over the past week.. . .  Full story

Australia shares likely to edge up, NZ rises

13/01 Australian shares are seen inching higher on Thursday, with investors putting off big bets as they await potential impeachment proceedings against U.S. President Donald Trump and look ahead to the earnings season.. . .  Full story

Bumper jobs data, U.S. stimulus bets push Australia shares higher

13/01 Australian shares settled higher on Wednesday as upbeat data pointed towards improving employment figures on the horizon, with energy stocks leading the charge on an upswing in oil prices.. . .  Full story

Australia shares flat as markets eye stimulus, earnings

13/01 Australian shares marked time on Wednesday as investors awaited details of U.S. President-elect Joe Biden's stimulus package later this week and looked ahead to the corporate earnings season.. . .  Full story

Australia shares set to open slightly lower; NZ rises

12/01 Australian shares were seen opening marginally lower on Wednesday as investors assessed risks to swift further stimulus from the United States and remained cautious ahead of the upcoming corporate earnings season.. . .  Full story

COLUMN-China's ban on Australian coal forces trade flows to realign: Russell

12/01 China's effective ban on imports of Australian coal is forcing a realignment of flows between the world's two biggest importers and two largest exporters.. . .  Full story

Botswana’s Debswana terminates mining contract with Australia’s Thiess

12/01 Debswana Mining Company, owned by De Beers and the Botswana government, said on Tuesday it has terminated a $1.3 billion contract with a unit of Australia's Thiess to extend the lifespan of its Jwaneng. . .  Full story

Australia shares end lower as risk aversion mounts on virus woes

12/01 Australian shares inched lower on Tuesday as concerns over a highly infectious COVID-19 strain weighed on investor sentiment and stoked fears of fresh global lockdowns, though losses were limited by heavy buying in financials.. . .  Full story

Australia shares set to open flat, NZ slips

11/01 Australian shares were seen opening flat on Tuesday as investors weighed hopes of imminent stimulus measures from the United States against rising coronavirus cases globally. The local share price index futures. . .  Full story

Angola gets breathing space from Chinese creditors, says finance minister

11/01 Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance. . .  Full story

NZ central bank says it was not specific target of cyberattack

11/01 New Zealand's central bank said on Monday a cyberattack that breached its data systems also affected other users of a third-party application and that it was not a specific target of the hack.. . .  Full story

Gold miners drag down Australian shares; NZ falls 2%

11/01 Australian shares settled lower on Monday as cases of highly transmissible new COVID-19 variants dimmed hopes for a quick economic recovery, with gold miners leading the retreat on bullion sell-offs.. . .  Full story

NZ central bank says it was not specific target of cyber attack

11/01 A cyber attack that breached the data systems of New Zealand's central bank also affected other users of a third-party file sharing application, the bank said on Monday.. . .  Full story

Australian shoppers pre-Christmas splurge seen boosting Q4 GDP

11/01 Australian retail sales jumped 7.1% in November as shoppers were lured by pre-Christmas sales with the second-most populous state of Victoria emerging out of a lengthy lockdown in a positive omen for the country's. . .  Full story

Australia shares slip as gold eases on U.S. stimulus hopes

11/01 Australian shares edged lower on Monday as a slump in shares of gold miners offset upbeat sentiment around hopes of more fiscal stimulus from the United States and buoyant oil prices.. . .  Full story

Australia shares set to rise as lockdowns ease; NZ falls

10/01 Australian shares were set to open marginally higher on Monday as coronavirus-led lockdowns in New South Wales state eased, while hopes of more fiscal stimulus from the United States grew. The. . .  Full story

Zimbabwe's Kuvimba seeks $1 billion for platinum, gold projects

08/01 Zimbabwe's unlisted Kuvimba Mining House is seeking to raise $1 billion for its gold and platinum projects, including a gold mine that could produce 150,000 ounces a year, as well as exploration, its chief. . .  Full story

Australia's Port Hedland iron ore shipments to China jump 16% in December

08/01 Iron ore shipments to China from Australia's Port Hedland rose by 16% in December from a month earlier, despite a short weather related shutdown, the Pilbara Ports Authority said on Friday.. . .  Full story

Australia shares notch best week in 2 months on broader global rally

08/01 Australian shares notched their best week since mid-November, tracking a broader global rally as investors priced in further U.S. stimulus and swift economic recovery, although gains were tempered on Friday as the city of. . .  Full story

Stimulus hopes put Australia shares on track for best week in 2 months

08/01 Australia shares were poised for their best week since November 2020, as investors priced in the prospects of vaccine roll-outs next month and further U.S. stimulus, though news of an imminent three-day lockdown in Brisbane. . .  Full story

Australian exports feel China chill, while housing runs hot

07/01 Australia's trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports.. . .  Full story

Australia shares jump 1.5% as Georgia elections reinforce hopes of U.S. stimulus

07/01 Australian shares rose in early trade on Thursday, tracking strong performances on the Dow and the S&P 500, as investors bet on hopes that a Democratic sweep in Georgia would lead to further stimulus. . .  Full story

Australia shares likely to track Wall Street higher on stimulus hopes

06/01 Australian shares are set to open higher on Thursday, tracking robust performances by the Dow and the S&P 500 as bets on a democratic sweep in Georgia state reinforced stimulus hopes, while stronger commodity. . .  Full story

Perth Mint's 2020 gold sales double as virus bolsters demand

06/01 Perth Mint's gold product sales in December eased from the previous month but robust investment demand for the safe-haven metal led average monthly 2020 shipments to double from the prior year, the refiner said. . .  Full story

Australian shares end 1% lower as U.S. runoff results trickle in

06/01 Australian shares fell sharply on Wednesday, with investors struggling to find a solid footing ahead of U.S. Senate election results while concerns that a Sydney coronavirus cluster may have spread to regional areas also whacked. . .  Full story

Australia shares open lower as domestic virus concerns weigh

06/01 Australian shares slipped on Wednesday as concerns over the extent of a Sydney coronavirus cluster saw authorities ban residents from several suburbs, stoking fears of tougher lockdown restrictions and tepid economic growth.. . .  Full story

Australia shares end flat as miners help offset broader losses

05/01 Australian shares ended flat on Tuesday, as gains in mining and gold stocks helped offset broader market losses driven by concerns over a COVID-19 cluster in Sydney and uncertainty surrounding Senate runoffs in the. . .  Full story

Australia flags caps to renewable energy connections in overhaul of power grid

05/01 Australia is seeking to overhaul its power grid to improve its stability as the fast uptake of renewable energy generation risks overburdening a transmission system originally built for more reliable but dirtier coal-generated energy.. . .  Full story

Australia job advertisements climb to 18-month high in Dec

05/01 Australian job advertisements jumped to an 18-month peak in December, recovering steep losses during the pandemic lockdown and auguring well for a continued rebound in employment in coming months.. . .  Full story

Australia shares track Wall Street lower as virus clusters expand

05/01 Australian shares traded lower on Tuesday, tracking a lacklustre performance on Wall Street, as tougher restrictions imposed to contain coronavirus clusters domestically and around the world dented investor sentiment.. . .  Full story

Australia shares post solid start to year as miners shine

04/01 Australian shares ended the first trading day of the new year on a solid note as mining stocks gained on strong iron ore and bullion prices, while a drastic drop in COVID-19 cases in. . .  Full story

Australia shares start year on a high as commodities shine

04/01 Australian shares started 2021 on a positive note, lifted by mining stocks as upbeat commodity prices provided a glimmer of optimism for investors, while the rollout of coronavirus vaccines revived prospects of swift global economic. . .  Full story

Australia home prices end rocky 2020 on recovery track

04/01 Australian home prices climbed for a third straight month in December as 2020 ended on a strong note across major cities and regional markets, with analysts expecting more gains this year as buyers outnumber. . .  Full story

Australia shares set to open lower as COVID-19 cases rise, NZ closed

03/01 Australian shares were set to open lower on Monday, the first trading day of the year, on fears of fresh coronavirus-induced restrictions as cases continued to climb in the country.. . .  Full story

China to build overseas iron ore mines to ensure supply, boost pricing power

31/12 China aims to build one or two globally significant overseas iron ore mines by 2025 to boost supply of the steelmaking ingredient and strengthen its pricing power, the industry ministry said on Thursday.. . .  Full story

No Australia, NZ stock market report on Jan 1

31/12 There will be no Australia and New Zealand stock market report on Friday, Jan. 1, as financial markets in both the countries will be closed for New Year's Day.. . .  Full story

Australia shares close year of historic highs and lows little changed

31/12 Australian shares wrapped up 2020 little changed from where they had begun, with tech stocks emerging as winners due to meteoric growth in buy-now-pay-later firms, while energy stocks saw their worst year since 2015.. . .  Full story

Australia shares dip on Sydney restrictions, NZ inches down

31/12 Australian shares inched lower on Thursday as concerns over the economic impact of stricter curbs in Sydney ahead of New Year's eve celebrations outweighed optimism from an upbeat session on Wall Street overnight.. . .  Full story

Australia shares track Wall Street lower, snap 3 days of gains

30/12 Australian shares pulled back on Wednesday, closing the last full session of 2020 in the red, as the country's most populous city tightened COVID-19 curbs ahead of New Year's Eve and investors took cues. . .  Full story

Australian shares set to open lower tracking Wall Street dip; NZ inches up

29/12 Australian shares were poised to decline on Wednesday, tracking Wall Street indexes which retreated from record highs overnight, as uncertainty over additional U.S. pandemic aid checks weighed on sentiment. The. . .  Full story

TIMELINE-Class action lawsuits, divestments dominate Australian banks in 2020

29/12 Australian banking regulators tightened their grip around the "Big Four" in a year beset with numerous class action lawsuits - some stemming from a 2019 investigation into the industry - record fines and divestitures.. . .  Full story

Australia shares climb as U.S. aid bill passage boosts sentiment, NZ at record high

29/12 Australian shares rose on Tuesday, notching broad-based gains after Wall Street stock indexes hit record highs overnight on the passage of a long-awaited U.S. pandemic aid bill, lifting sentiment and spurring hopes for an economic. . .  Full story

Class action lawsuits, divestments dominate Australian banks in 2020

28/12 Australian banking regulators tightened their grip around the "Big Four" in a year beset with numerous class action lawsuits - some stemming from a 2019 investigation into the industry - record fines and divestitures.. . .  Full story

No Australia, NZ stock market report on Dec 25, 28

24/12 There will be no Australia and New Zealand stock market report on Friday, Dec. 25, and Monday, Dec. 28, as financial markets in both countries will be closed for Christmas and Boxing Day.. . .  Full story

Australia shares set to rise as energy stocks likely to gain; NZ up

23/12 Australian shares were poised to rise on Thursday, extending gains from the last session, with energy stocks seen lifting the benchmark on the back of higher oil prices. The local share. . .  Full story

Australian watchdog to not take action against Westpac in illegal payments probe

23/12 Australia's Westpac Banking Corp said on Wednesday the country's corporate regulator will not take any action against it, after a probe into allegations that the lender enabled millions of illegal payments to people exploiting children.. . .  Full story

Australia shares snap 3-day losing streak as NSW eases curbs for Christmas

23/12 Australian shares snapped a three-session losing streak to close higher on Wednesday, after the country's most populous state eased some COVID-19 restrictions for Christmas as new case numbers stayed low.. . .  Full story

Australia's goods trade surplus hits 2-year lows on China trade tensions

23/12 Australia's trade surplus for goods fell to a two-year low in November hit by a slump in exports to top trading partner China, which imposed a number of restrictions in an escalating trade dispute.. . .  Full story

Australia's Santos Narrabri gas project approval faces court challenge

23/12 An Australian community group has launched a court challenge against Santos Ltd's A$3.6 billion ($2.7 billion) Narrabri coal seam gas project, saying an independent panel that approved the development failed to consider its climate impacts.. . .  Full story

Asian business confidence gains steam, pandemic still top risk -Thomson Reuters/INSEAD

23/12 Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey showed, as business activity picked up in the region and COVID-19 vaccines started rolling out in Western countries ahead of. . .  Full story

MONTH OUTLOOK

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Australia shares fall as new virus strain clouds recovery hopes

22/12 Australian shares fell more than 1% on Tuesday as a fast-spreading new coronavirus strain in Britain triggered travel restrictions all over the world and threatened to disrupt a nascent global economic recovery.. . .  Full story