08h39 Australia's banking regulator on
Tuesday said it plans to ask lenders to meet higher capital
levels domestically to offset their exposure to large overseas
units - a move that comes in response to plans. . .
02h05 Analysts have again trimmed their
forecasts for Australia's economic growth as consumers struggle
with high debt and sluggish wages at home, while a slowdown
globally weighs on business investment plans, a Reuters poll
found.. . .
02h00 Australia's Newcrest Mining Ltd,
the country's biggest gold producer, said on Tuesday it will go
ahead with a $685 million first-stage expansion of its flagship
Cadia mine in New South Wales.. . .
14/10 Australian shares were set to open lower
on Tuesday as optimism surrounding U.S.-Sino trade talks
receded, adding to weak economic readings from top trade partner
Resource stocks could. . .
14/10 Australian shares ended higher for a
third straight session on Monday, aided mainly by gains in
financials and energy stocks, as signs of headway in Sino-U.S.
trade talks prompted investors to move back into. . .
14/10 The Australian government has
ordered the competition watchdog to investigate why banks failed
to fully pass on three official interest rate cuts this year,
less than a year after a public inquiry exposed the. . .
13/10 Australian shares were poised to climb on
Monday as news of an interim trade deal between Washington and
Beijing soothed investor concerns over further escalation of
their tariff war.
U.S. President. . .
12/10 A senior Australian government
minister said on Friday China was behaving in a way that was
inconsistent with Australian values by targeting political
parties and universities in Australia, drawing a sharp rebuke
from China's embassy.. . .
11/10 Sea disposal of mining waste
could spread as Indonesia weighs adopting the technique for new
nickel projects, as Papua New Guinea is doing for a gold mine
proposed by Australia's Newcrest Mining.. . .
11/10 Australia on Friday said it would
establish a disciplinary system for financial planners by
year-end, with a watchdog body to enforce it set up by 2021, as
the government moves to adopt the recommendations. . .
11/10 Australia's federal treasurer on
Friday ruled out a return to an infrastructure investment
incentive scheme, closing out a policy that spurred
billion-dollar privatisations ahead of a meeting with state
counterparts on increasing infrastructure spending.. . .
10/10 Australian shares were likely to open
stronger on Friday as positive comments from Washington and
Beijing spurred optimism over a possible de-escalation in trade
The local share price. . .
10/10 India is pressing ahead with
talks to join a China-led free trade pact, officials said on
Thursday, despite some domestic producers' concerns that the
country could be flooded with cheaper Chinese imports.. . .
10/10 Australian shares closed flat on Thursday
as uncertainty over the outcome of U.S.-China trade talks kept
most investors on the sidelines, with small gains in financial
stocks outweighing losses in resources.. . .
10/10 Australia's AMP Ltd said on
Thursday it will merge its banking and Australian wealth
management units as part of a turnaround plan aimed at making
the firm more customer-focused, after an inquiry revealed
widespread misconduct.. . .
09/10 Australian shares on Wednesday ended lower
for the first time in four sessions as another spike in trade
tensions between the United States and China clouded optimism
over senior-level talks set to begin this. . .
09/10 More than 20 homes have been
destroyed by spring fires in Australia, officials said on
Wednesday, straining communities already suffering under the
region's worst drought conditions in living memory.. . .
09/10 Australia's banking regulator said
on Wednesday it will ask financial institutions for annual
declarations on governance and corporate culture, and will
conduct "deep dive" reviews if concerns arise.. . .
09/10 The U.S. Food and Drug Administration
approved Australian drugmaker Clinuvel Pharmaceuticals Ltd's
treatment for a rare inherited disorder that causes
skin damage from exposure to light, sending its shares to a
record high on Wednesday.. . .
09/10 Commonwealth Bank of Australia on
Wednesday announced a capital notes offering to raise about
A$750 million ($505 million), as the bank attempts to beef up
its capital in a tougher operating environment.. . .
08/10 Australian shares were likely to open
weaker on Wednesday with mining stocks set to track lower metal
prices, while caution loomed ahead of senior-level trade talks
between the United States and China.. . .
08/10 Australian shares ended higher on Tuesday,
as miners and energy stocks rose on the back of higher
commodities and oil prices ahead of renewed efforts this week to
resolve the U.S.-China trade conflict.. . .
08/10 Shanghai steel futures fell to
their lowest in two weeks on Tuesday, reflecting worries about
demand prospects and excessive supply in top producer and
consumer China, while iron ore rose on the first trading. . .
08/10 A closely watched measure of
Australian business confidence edged lower in September while
business conditions remained sub-par, indicating aggressive rate
cuts have been unable to lift the mood in the corporate sector,
a survey showed. . .
08/10 The New Zealand government
reported a better-than-expected surplus in the 2018/19 year,
supported by a stronger economy, Minister of Finance Grant
Robertson said on Tuesday.
The government's operating balance excluding gains. . .
07/10 Australian shares were likely to open
higher on Tuesday following signs of further cooperation on the
U.S.-China trade front, although caution persisted ahead of
high-level negotiations between Washington and Beijing later in
the week.. . .
07/10 Australian shares closed higher in light
trade on Monday, tracking Wall Street gains after U.S.
employment data on Friday reduced concerns over a possible
recession in the world's largest economy.. . .
07/10 Australian shares rose on Monday, tracking
strength on Wall Street after moderate employment data in the
United States dispelled some concerns over a recession in the
world's largest economy.. . .
06/10 Australian shares were set rise at the
open on Monday, tracking a bounce in Wall Street after moderate
jobs growth in the United States soothed some concerns over a
recession in the world's largest. . .
04/10 Australian buyout firm Crescent
Capital Partners is looking to sell a water pipeline
manufacturer it bought in 2015, two sources told Reuters, aiming
to tap increased offshore interest in water infrastructure.. . .
04/10 Australia's competition regulator
said on Friday it is considering an investigation into the
banking sector, less than a year after a public inquiry exposed
widespread wrongdoing and led to billions of dollars in costs
for. . .
04/10 The life insurance arm of
Australia's biggest bank was charged on Friday with dozens of
breaches of a law banning sales staff from cold calling
customers to sell financial products, in a sign that. . .
04/10 Australia's securities regulator said on
Friday Commonwealth Bank of Australia's insurance arm
has been charged with "hawking" offences related to unsolicited
phone calls to sell its products.. . .
02/10 National Australia Bank Ltd (NAB)
said on Wednesday it has almost doubled funds set aside to repay
customers for overcharged fees to A$2.09 billion ($1.40
billion), raising expectations of further dividend cuts or a
capital. . .
01/10 Asian shares posted their first monthly
gain in three months in September as a softening of U.S.-China
trade tensions and major central banks' monetary easing measures
averted fears about a global recession and lifted. . .
01/10 The Perth Mint's gold sales more than
doubled in September from a month earlier, the refiner said on
Tuesday, while silver product sales rose to their highest in
Sales. . .
01/10 Australian banks' net interest
margins will be hurt by Tuesday's cut in interest rates to an
unprecedented low of 0.75% and any further central bank action
to stimulate the economy, analysts said.. . .
01/10 Australian retail conglomerate Wesfarmers
Ltd said on Tuesday that about 6,000 current and former
employees at its industrials and safety business were underpaid
about A$15 million ($10 million) since 2010.. . .
01/10 Papua New Guinea's biggest
company Oil Search Ltd said on Tuesday long-serving
Managing Director Peter Botten will retire from the firm next
year after 25 years in the role, just as the company enters. . .
01/10 Australian home prices posted
their biggest monthly jump in 2-1/2 years in September, with the
dominant markets of Sydney and Melbourne bouncing strongly, but
approvals to build new homes collapsed to the lowest since. . .
30/09 Australian shares fell on Monday
following a late drop by mining stocks while financials
constituted the biggest drag ahead of a widely expected interest
rate cut by Australia's central bank the next day.. . .
30/09 Australia investment banking
fees slumped 24% to three-year lows as global economic
uncertainties drove M&A volumes down by a fifth so far in 2019,
but bankers said record low interest rates and chances of. . .
30/09 Australia has scaled back its
expectations for record export revenue from mining and energy in
the 2019/20 financial year as trade tariffs chill global
economic growth, the government said on Monday.. . .
30/09 Australia's AMP Ltd has
lost at least one major pension contract while other companies
are reviewing their relationship with the wealth manager, which
has struggled to stem a client exodus following revelations of
serious misconduct.. . .
29/09 Australian shares are expected to drop
on Monday, as reports that U.S. President Donald Trump's
administration was mulling delisting Chinese companies from
local stock exchanges soured risk sentiment.
The move is. . .
27/09 South African retailer Woolworths Holdings Ltd reported a 2.1% drop in annual earnings on Thursday but cheered investors with a turnaround in its Fashion, Beauty and Home business that had weighed. . .
27/09 Australian Treasurer Josh
Frydenberg on Friday ordered a wide-ranging review of the
country's retirement income system, saying it was necessary to
check on how it might perform as Australians live longer and the
population ages.. . .
27/09 Australian shares ended higher in
subdued trade on Friday, led by gains in energy stocks, on
rising optimism about a U.S.-China trade deal, but the market
clocked its first weekly decline in six weeks.. . .
27/09 Australia will set aside an
additional A$100 million ($68 million) to support
drought-stricken farmers as continued dry weather threatens
business for many growers, Prime Minister Scott Morrison said on
Friday.. . .
27/09 Australia's consumer regulator said on
Friday it planned to strengthen banking code amendment proposals
given by a banking sector body, as it sought to adopt
suggestions from an inquiry into misconduct in the country's
financial. . .
26/09 Gold miners and energy stocks pushed
Australian shares down on Thursday due to lower prices while
some domestic investors were sceptical about U.S. President
Donald Trump's comment that a trade deal with China could. . .
26/09 Australia's treasurer said on
Thursday regulators needed to ensure they were not overly tough
in enforcing lending rules after an inquiry called for stricter
enforcement of standards, saying restricting credit could
further weaken the economy.. . .
26/09 Australian shares are poised to open
higher on Thursday, tracking an upbeat Wall Street session,
after U.S. President Donald Trump said a trade deal with China
could happen sooner than expected.. . .
25/09 Australian shares closed lower on
Wednesday as investor confidence was dealt a fresh blow after
U.S. lawmakers called for an impeachment inquiry into President
Donald Trump, raising the risk of prolonged political infighting
in the. . .
25/09 New Zealand's central bank
on Wednesday held the official cash rate (OCR) at a record-low
1.0%, as expected, but said there is scope for more fiscal and
monetary stimulus to support an economy facing. . .
25/09 Australian shares fell on Wednesday
after the U.S. House of Representatives opened an impeachment
inquiry into President Donald Trump, while signs of more
tensions in U.S.-China trade relations further undermined
appetite for riskier assets.. . .
25/09 Australian shares are likely to open
lower on Wednesday, tracking a dismal Wall Street session as a
push for the impeachment of U.S. President Donald Trump
heightens political risks, while falling iron ore and. . .
24/09 Australian shares inched up on Tuesday,
as declines in the resource sector were balanced by gains among
the "Big Four" banks while investors awaited a speech by the
central bank governor later in the. . .
24/09 Australian shares are set to open
slightly lower on Tuesday, tracking a lackluster Wall Street as
mixed U.S. economic data kept risk sentiment in check.
U.S. employment in the services sector shrank. . .
23/09 Malaysian private equity firm
Navis Capital Partners said on Monday it had put its education
supplies company Modern Star up for sale, and two sources said
it was seeking over A$800 million ($542 million). . .
23/09 Australian shares are likely to open
subdued on Monday, tracking a lackluster Wall Street, after a
Chinese agricultural delegation set to visit U.S. farm states
canceled its trip to Montana, casting uncertainty over the
China-U.S.. . .
20/09 Australian shares closed higher on
Friday, marking their fifth straight weekly gain, as dismal jobs
data stoked expectations of a domestic rate next month amid
slowdown concerns.. . .
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