14h30 Australia's treasurer on
Sunday released a roadmap outlining how the government intends
to push for swift implementation of recommendations from a
high-powered inquiry for changes to help clean up the country's
financial sector.. . .
16/08 Australian shares gained little respite
on Friday as they ended a third straight week in the red, hurt
by concerns about a global economic slump and signs the
U.S.-China trade war would drag on.. . .
16/08 The price of Australian wool
favoured by Chinese clothing makers has dropped as much as 20%
in the last fortnight, sales reports show, with would-be bidders
shunning auctions as the Sino-U.S trade war ramped. . .
16/08 Australian shares are set to open lower
on Friday, extending falls for a second straight session, on
fears of an impending global recession and China's warning of
retaliation against U.S. tariffs.. . .
15/08 Kansai Electric Power and
Marubeni have delayed construction of a 1,300 megawatt
coal-fired power plant in northern Japan clouding the station's
future, amid a shift away from the most polluting fossil fuel.. . .
15/08 Commonwealth Bank, HSBC and Citi
are betting that Australia's central bank will cut interest
rates more steeply than previously thought as global trade
tensions ratchet up and domestic hiring intentions slow.. . .
15/08 Whitehaven Coal Ltd on Thursday
reported a record full-year 2019 underlying profit and a bumper
dividend that beat expectations, although analysts said an
oversupply of thermal coal could cause headwinds to future
profits.. . .
15/08 Woodside Petroleum
flagged a challenging near-term outlook on Thursday as it
grapples to win over its partners to back $34 billion worth of
new oil and gas projects amid a souring global environment.. . .
15/08 Australian vitamin
maker Blackmores Ltd warned first-half profit would
decline due to tougher conditions in China, as it disappointed
investors on Thursday with weaker-than-expected earnings and a
dividend cut, sending its shares down 12%.. . .
15/08 Australian employment surged past
expectations in July as firms kept hiring despite worries of an
economic slowdown, yet the jobless rate stayed stubbornly stuck
at 5.2% as more people went looking for work.. . .
15/08 Australian shares are set to open sharply
lower on Thursday, following steep falls in global equity
markets, as growing fears of a looming recession in the world's
largest economy is expected to dent local. . .
14/08 Australia's New South Wales
government said on Wednesday it will fast track its review of a
liquefied natural gas (LNG) import terminal at the port of
Newcastle, proposed by a South Korean firm, as. . .
14/08 Australian wages growth stayed
stubbornly weak last quarter in a disappointing outcome for
household consumption and provided further evidence of ample
spare capacity in the country's labour market despite a strong
run of jobs lately.. . .
14/08 Australian consumer confidence
rebounded from a two-year low in August as people became more
upbeat on the economy and the housing market, according to one
measure, offering a scrap of hope for the hard-pressed. . .
14/08 Australian shares are set to open higher
on Wednesday, following Wall Street's lead, as the Trump
administration's move to delay planned tariffs on some Chinese
products is expected to boost risk appetite.. . .
13/08 Australia should do
more to reduce its carbon emissions and giving cash to countries
battling climate change was not enough, Pacific island leaders
said on Tuesday in a rebuke of Canberra's latest attempt to
improve. . .
13/08 An Australian court on Tuesday
dismissed allegations that Westpac Banking Corp had
approved mortgages without adequate credit checks, dealing a
blow to the regulator's efforts to toughen lending standards.. . .
13/08 Australia is willing
to help Papua New Guinea (PNG) refinance its national debt,
Minister for the Pacific Alex Hawke said on Tuesday, as Canberra
moves to counter what it sees as China's efforts to. . .
13/08 Australia won't rule out
unconventional monetary policy to revive its economy, but a
senior central banker said on Tuesday that such a prospect was
unlikely as the recent rate cuts are expected to support. . .
13/08 A closely-watched measure of
Australian business confidence improved in July but conditions
remained sub-par and employment waned in a worrying sign for the
economy, a survey showed on Tuesday.. . .
13/08 Australian shares are poised to open
lower on Tuesday, tracking a broad sell-off on Wall Street, but
losses will likely be curbed by gains among gold stocks on
strong demand for safe-haven assets.. . .
12/08 Valuations of Asian shares have dropped
sharply over the past month, as regional markets slumped after
the United States escalated its trade war with Beijing by
threatening to put tariffs on all its imports. . .
09/08 Australian shares ended higher on Friday,
helped by small miners and big banks, but marked its worst week
in nearly nine months after global risk appetite was spoilt by
escalating trade tensions that threatened. . .
09/08 Central banks in Asia, Australia
and New Zealand have joined a brewing global currency war by
slashing interest rates and pledging to keep them down, worrying
markets over the risk of a chase to. . .
09/08 Australia's economy may have
reached a "gentle turning point," led by a tentative pick-up in
home prices, tax cuts and a weaker Aussie dollar, the country's
central bank chief said on Friday, though more. . .
09/08 The Australian economy may have
reached a gentle turning point and quarterly economic growth
numbers are expected to strengthen gradually, Reserve Bank of
Australia Governor Phil Lowe told a parliamentary committee on
Friday.. . .
09/08 Australian shares are set to open higher
on Friday tracking a firmer finish on Wall Street, after a
recovery in China's yuan eased fears of a full-blown trade war
between the world's largest economies.. . .
08/08 Some Japanese buyers are seeking
delays in shipment or volume cuts under their long-term
contracts from the Ichthys liquefied natural gas (LNG) project
in Australia amid slumping spot LNG prices, Inpex Corp's
senior executive said. . .
08/08 Australia's financial watchdog fined
Westpac Banking Corp and two of its units on Thursday
for failing to report data to the watchdog on time, weeks after
a government report called on the regulator to. . .
08/08 Australian shares were supported by
gains in miners, with safe-haven gold stocks taking the lead on
Thursday, though sentiment remained fragile as lingering trade
tensions and a wave of rate cuts by central banks. . .
08/08 New Zealand's central bank
could ease rates again, the assistant governor said on Thursday,
a day after the bank stunned markets with a steep 50 basis-point
cut to the official cash rate (OCR) and. . .
08/08 Australian shares are expected fall
slightly on Thursday as investors exercise caution on growing
fears of a global recession following the previous session's
Weaker oil prices are also expected. . .
07/08 The financial health of
Australia's business sector is generally sound and, while there
are some challenges in the hard-pressed retail sector, they do
not pose a risk to the banking system, a top central. . .
07/08 New Zealand's central bank
governor said on Thursday that it was easily within the margins
of error of the bank's forecasts that negative interest rates
may be needed when trying to stimulate the economy.. . .
07/08 Papua New Guinea's new
leader has asked China to refinance its entire 27 billion kina
($7.8 billion) government debt and enter into free trading
arrangements with Pacific island nations, even as competition
for influence in. . .
07/08 New Zealand's stock market rallied on
Wednesday after the nation's central bank stunned investors with
a steep 50 basis point rate cut, while Australian shares snapped
a five-session losing streak, powered by safe-haven gold. . .
07/08 Commonwealth Bank of Australia
dashed investor hopes for capital handouts and posted
its second consecutive annual profit fall on Wednesday, missing
expectations as rising costs and falling rates ate into margins.. . .
07/08 New Zealand's central bank
governor said on Wednesday there was a possibility of using
negative interest rates to stimulate the economy, after the bank
had earlier slashed the official cash rate to a record. . .
07/08 Australian shares saw meagre gains on
Wednesday as investors tentatively sampled risk assets after
China's central bank helped stabilise the yuan, easing fears
that its trade war with the United States might run into
currency. . .
07/08 Australian shares are set to open higher
on Wednesday, tracking a recovery on Wall Street after a sharp
sell-off in the previous session, as China's efforts to
stabilize the yuan alleviated fears of a. . .
06/08 Australian shares fell more than 2% on
Tuesday, extending losses to a fifth straight session, after
Washington branded Beijing a currency manipulator, escalating a
bruising trade dispute that is increasingly weighing on global
demand and. . .
06/08 Australia's central bank held
rates at an all-time low of 1% on Tuesday as it weighed the
impact of past easing, though markets are wagering the tide of
policy stimulus sweeping the world will. . .
06/08 Australia, the world's top
liquefied natural gas exporter, on Tuesday said it would
consider forcing gas producers to reserve some supply for the
domestic market, as it looks to cut energy bills for households
and. . .
06/08 Australia's trade surplus swelled
to historic highs in June and likely gifted the country its
first current account surplus since the 1970s, a timely buffer
as the world descends ever closer to an all-out. . .
06/08 Australian stocks tumbled 2.4% on
Tuesday and looked set for their worst day over a year as the
rapidly escalating Sino-U.S. trade dispute prompted investors
worldwide to dump riskier assets.. . .
06/08 ANZ Bank said on Tuesday it
was now forecasting that New Zealand's central bank would cut
the official cash rate (OCR) three times this year, amidst a
"dramatic" escalation in global risks and a. . .
05/08 Mining stocks led Australian shares to
their worst session in over seven months on Monday, with
investors slashing riskier positions as the growing trade war
between the United States and China revived worries about. . .
05/08 Australian shares fell more than 1% on
Monday, extending losses into a fourth session, with mining
stocks hit the most after an escalation in Sino-U.S. trade
tensions raised concerns about the global economic growth
outlook.. . .
05/08 Australian shares are expected to open
little changed on Monday, as rising trade frictions keep
investors at bay ahead of expected Chinese retaliation against a
new round of U.S. tariffs.
On. . .
02/08 Australian shares closed at their lowest
level in over a week on Friday, with mining stocks leading
declines after U.S. President Donald Trump said he will slap a
10% tariff on $300 billion of. . .
02/08 Australia's Macquarie Group
has purchased a 49% stake in cotton farm Cubbie Station
from a consortium led by Chinese conglomerate Shandong Ruyi
for an undisclosed sum, the parties said in a joint
statement on Friday.. . .
02/08 Australian shares saw their worst day in
more than two weeks on Friday, with China-reliant miners leading
the fall, after U.S. President Donald Trump said he will slap a
10% tariff on $300 billion. . .
02/08 AGL Energy, Australia's biggest
power producer, said on Friday it will keep two power plants
open for slightly longer than previously flagged to help meet
any shortfall in electricity supply over the critical summer
period.. . .
02/08 Australian shares are set to open lower on
Friday after U.S. President Donald Trump said he would impose
additional tariffs on Chinese imports next month, stoking
worries about further escalation of a trade war.. . .
01/08 Australian lawyers filed a class
action lawsuit against Toyota Motor Corp's local unit
on Thursday, claiming some models of the carmaker's top-selling
vehicles Hilux, Prado and Fortuner were fitted with defective
parts.. . .
01/08 Australian shares fell on Thursday as the
U.S. Federal Reserve dashed investors' hopes it would flag a
series of rate cuts and the mining sector pulled down the
benchmark on lower raw material prices.. . .
01/08 Australia's hard-hit property
markets of Sydney and Melbourne enjoyed a second straight month
of gains in an early sign that rate cuts were feeding through
although slow wage growth and record household debt means. . .
01/08 Australian shares ticked lower on
Thursday, with miners leading the drop as Federal Reserve
Chairman Jerome Powell appeared to rule out a lengthy policy
easing cycle after the U.S. central bank made its first. . .
01/08 Australian shares are set to open lower on
Thursday, tracking a sharp drop on Wall Street, after U.S.
Federal Reserve Chairman Jerome Powell dampened expectations for
further interest rate cuts.
The. . .
01/08 Investors are hoping for generous
dividend payouts as some of Australia's biggest companies look
set to report profit declines this month, and will punish
underperformance in a market trading at record highs, fund
managers and. . .
31/07 Australian consumer prices rose
faster than expected in the second quarter but core inflation
stayed below the central bank's target band, keeping alive
expectations for a cut in a policy interest rate already at. . .
31/07 Australian shares slipped on Wednesday,
with banks and construction stocks dominating the losses, as
investors booked profits after the benchmark closed at an
all-time high in the previous session.. . .
31/07 Australian shares are poised to open
lower on Wednesday, tracking losses on Wall Street after U.S.
President Donald Trump warned Beijing against waiting out his
first term to finalise any trade deal.. . .
30/07 The chief executive of
Johannesburg Stock Exchange (JSE) will retire at the
end of September after a transformative eight years at the helm
of Africa's biggest securities exchange, the bourse said on
Tuesday.. . .
30/07 Lithium Australia NL said on
Tuesday it had signed a deal with Chinese joint venture partner
DLG Battery Co Ltd, to sell a range of lithium-ion batteries in
the domestic market, sending its shares. . .
29/07 Australia passed a
legislation that sets down maritime boundaries with East Timor
on Monday, providing a framework for the two countries to split
revenue from the offshore Greater Sunrise natural gas field.. . .
29/07 Australia's IFM Investors grew
funds under management by almost a third in the year to June 30,
the country's second-largest infrastructure investor said on
Monday, as rivals such as AMP Ltd are losing clients. . .
28/07 Australia's housing market
has shown further signs of recovery, with the real estate
industry experiencing improved auction demand at weekend
auctions, although the number of properties listed for sale
remains low.. . .
26/07 Australian shares declined on Friday,
weighed down by financials and tech stocks, after the European
Central Bank held off cutting interest rates raising some
concerns about next week's U.S. Federal Reserve rate decision.. . .
26/07 Australian shares fell on Friday after
three straight sessions of gains, with declines led by tech
stocks and financials as investors registered disappointment
with European Central Bank putting off an interest rate cut
until probably. . .
26/07 Australian shares are expected to fall
at the open on Friday, tracking Wall Street lower after a string
of weak earnings results and as the European Central Bank
chief's comments on an upbeat economy. . .
25/07 The Australian corporate
regulator filed suit against the country's third-largest bank on
Thursday, accusing it of knowingly breaking the law by charging
customers fees to transfer money between their accounts for more
than a decade.. . .
25/07 Australia's Macquarie Group Ltd
on Thursday announced plans to dismantle its shrinking
financing unit, Capital and Asset Finance (CAF), once a key
driver of profitability, as it confirmed guidance for a slightly
lower profit in. . .
25/07 Australia's top central banker
flagged low interest rates for an "extended period" on Thursday,
driving bond yields to record lows, in a dovish signal that
analysts say marks a major shift in the bank's. . .
25/07 Australia's central bank was
"strongly committed" to returning inflation to the target range,
Governor Philip Lowe said on Thursday as the country's
government considers a review of the monetary policy framework.. . .
25/07 Australian shares rose on Thursday, with
the benchmark index nearing a 12-year high and the sub-index for
financial stocks at its highest since March 2018 as investors
expected imminent interest rate cuts in. . .
25/07 Gold miner Newcrest Mining Ltd
said on Thursday its gold output rose 4.2% in the fourth
quarter, boosted by record gold production at its flagship Cadia
mine.. . .
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