Australasia

Australia regulator expands money laundering probe at casino firm Star

14/01 Australia's financial crime regulator said on Friday it had broadened its ongoing investigation of the country's second-biggest casino operator Star Entertainment Group over possible breaches of anti-money laundering and counter-terrorism laws at its casinos.. . .  Full story

Australia shares set to snap third weekly gain on tech slump

14/01 Australia shares fell on Friday, poised to snap the third straight weekly gain, weighed down by tech stocks tracking a tepid overnight session at Wall Street, with materials-related sectors dragging the bourse further on. . .  Full story

Australia shares gain as strong commodities lift energy, mining stocks

13/01 Australian shares closed higher on Thursday, as energy and mining stocks found support from strong commodity prices, while troubled casino operator Crown Resorts soared 9% after U.S. private-equity firm Blackstone sweetened its takeover offer.. . .  Full story

Australian shares rise on mining, energy boost; Crown Resorts soars

13/01 Australian shares rose on Thursday, helped by mining and energy stocks on strong commodity prices, while troubled casino owner Crown Resorts surged about 9% to be among top gainers on the benchmark index after. . .  Full story

Australia shares to open flat, NZ climbs

12/01 Australia shares are expected to have a muted start on Thursday, with resource-reliant stocks to likely gain on strong commodity prices, offsetting possible investor sell-off on fears over the impact to economic recovery from. . .  Full story

Japan's Sojitz to provide green hydrogen made in Australia to Palau

12/01 Japanese trading house Sojitz Corp said on Wednesday it would conduct a demonstration project to produce green hydrogen in Australia and transport the fuel to Palau for use in small fuel cells as backup. . .  Full story

Indonesia awaiting coal supply assurance before ending export ban

12/01 Indonesia's government is waiting for the state utility firm to declare that it has secured enough coal before it can decide to end an export ban in the world's biggest shipper of thermal coal,. . .  Full story

Indonesia waiting for utility's green light before resuming coal exports-minister

12/01 Indonesia's energy minister Arifin Tasrif said on Wednesday that his ministry is waiting for the state utility PLN to confirm that coal supply for domestic power plants is secure before the government can start. . .  Full story

Indonesia targets 663 mln tonnes coal output in 2022 -minister

12/01 Indonesia is targetting 663 million tonnes of coal output in 2022, up from 614 million tonnes produced last year, the country's energy minister Arifin Tasrif said in a briefing on Wednesday.. . .  Full story

Japan's Suntory halts some wine sales after pandemic-related shipping delays

12/01 Japanese beverage group Suntory Holdings has said it will halt some wine sales this month due to production and shipping delays in Australia related to COVID-19.. . .  Full story

Australian shares end higher on energy boost; Afterpay jumps

12/01 Australian shares closed higher on Wednesday to mark their first gain this week, as energy stocks led gains after a surge in oil prices, while Afterpay jumped after its takeover by Block got a. . .  Full story

Omicron surge threatens to slow down Australia's economic recovery

12/01 Australia's most populous state, New South Wales, suffered its deadliest day of the pandemic on Wednesday, with surging Omicron infections leading to staff shortages that have disrupted supply chains and hampered the economy's recovery.. . .  Full story

Australia shares head for weaker start, NZ rises

11/01 Australia shares are set to open slightly lower on Wednesday, as worries around surging COVID-19 cases are likely to offset gains in resource-related stocks on strong commodity prices. The local share price. . .  Full story

Perth Mint 2021 gold sales hit decade-high despite December dip

11/01 The Perth Mint's gold product sales in 2021 were the most in ten years, despite halving in December from the previous month, the refiner said on Thursday.. . .  Full story

Indonesia considers coal levy as easing of export ban calms markets

11/01 Chinese thermal coal futures fell on Tuesday after Indonesia, the world's biggest thermal coal exporter, eased a ban on overseas shipments that surprised buyers at the start of the year, alleviating concerns about supply disruptions.. . .  Full story

Australia shares end lower as Omicron spreads, financials slide

11/01 Australian shares closed nearly 1% lower on Tuesday, led by financials, as an Omicron-led surge in COVID-19 infections in the country hovered near record levels, sending major retailers lower.. . .  Full story

Australia Nov retail sales boom in timely boost to economy

11/01 Australian retail sales surged past forecasts for a second month in November as consumers splashed out their pent up savings, a reminder of how well the economy was doing before an explosion of coronavirus. . .  Full story

Australian shares fall on Omicron worries, drop in energy stocks

11/01 Australian shares fell on Tuesday, with energy and banking indexes leading the decline, as an Omicron-led surge in domestic COVID-19 cases and worries around tighter monetary policies globally weighed on markets.. . .  Full story

Australia shares set to open lower, NZ slides

10/01 Australia shares are expected to open lower on Tuesday, hurt by likely losses in commodity-reliant indexes due to weaker prices, rising Omicron infections and worries around an interest rate hike. The. . .  Full story

Indonesia eases coal export ban after 10 days

10/01 Indonesia allowed 14 vessels loaded with coal to depart as soon as they secure verifications from mining and transport authorities, a senior minister said on Monday, easing an export ban by the world's top. . .  Full story

Indonesia allows 14 loaded coal vessels to sail immediately -statement

10/01 The world's top thermal coal exporter Indonesia allowed 14 vessels already loaded with coal for export to depart as soon as they secure verifications from mining and transportation authorities, a senior minister said in a. . .  Full story

Indonesia may allow coal exports to resume Monday or Tuesday - minister

10/01 Indonesia may allow coal exports to resume by the end of Monday or Tuesday, as domestic demand has been met, senior minister Luhut Pandjaitan said.. . .  Full story

Australian shares end lower on Omicron worries, tech slide

10/01 Australian shares closed lower on Monday as an Omicron-led surge in COVID-19 infections pushed the country's tally past one million cases, with a drop in local technology stocks ahead of a U.S. inflation report. . .  Full story

Virgin Australia to cut capacity by 25% as COVID-19 cases rise

10/01 Virgin Australia said on Monday it would reduce capacity across its network by around 25% for the rest of January and for February due to reduced travel demand and staff being required to isolate. . .  Full story

Philippines urges Indonesia to lift coal export ban

10/01 The Philippines' energy secretary Alfonso Cusi has appealed to Indonesia to lift its coal export ban, saying the policy will be detrimental to economies heavily reliant on the fuel for power generation, Manila's Department. . .  Full story

Indonesia aims for coal ban resolution at weekend

07/01 Indonesian officials aim to wrap up discussions at the weekend about whether to lift a ban on coal exports, after a minister declared an end to a domestic supply crisis that sent international prices. . .  Full story

Asian stocks trade at steep valuation discount to global peers

07/01 Asian shares' relative price valuations hit a more than 18-year low compared to their global counterparts last week, after regional equities dropped in 2021 due to investor concerns over slower growth amid COVID-19-induced curbs.. . .  Full story

Financials, energy stocks lead rebound in Australian shares

07/01 Australian shares rebounded on Friday from previous session's tech-driven sell-off, with financials and energy stocks leading gains, while James Hardie slumped after the world's top fibre cement maker ousted its chief for breaching code of. . .  Full story

Australian shares rebound as financials gain, James Hardie sinks

07/01 Australian shares rebounded on Friday from a tech-led selloff in the previous session, as banking gains led the climb, while fibre cement maker James Hardie's shares dropped after it ousted CEO Jack Truong for. . .  Full story

Yen at its weakest in 50 years in real terms - J.P. Morgan

06/01 The yen's real effective rate has tumbled to its lowest level in 50 years and the currency is set to fall even further, slashing Japanese consumers' spending power and raising the risk of capital. . .  Full story

Australian shares plunge most in 16 mths as hawkish Fed batters tech stocks

06/01 Australian shares posted their biggest drop since September 2020 on Thursday, after the minutes of a U.S. Federal Reserve policy meeting signalled an earlier-than-anticipated rate hike, sharply hitting technology sector stocks.. . .  Full story

Technology stocks pull Australian shares lower after hawkish Fed minutes

06/01 Australian shares dropped on Thursday, as technology stocks tracked overnight losses on the Nasdaq index after minutes from the Federal Reserve's meeting signalled that the U.S. central bank may raise interest rates sooner than expected.. . .  Full story

Australia's Latitude offers $242 mln for Humm's buy now, pay later business

06/01 Australian digital payments and lending firm Latitude Group Holdings Ltd on Thursday offered to buy Humm Group Ltd's consumer unit, including its buy now, pay later business, for A$335 million ($241.8 million).. . .  Full story

Australian payments firm Latitude offers $242 mln for Humm's consumer unit

05/01 Australian digital payments and lending firm Latitude Group Holdings Ltd said on Thursday it offered to buy Humm Group Ltd's consumer unit, including its buy now, pay later business, for A$335 million ($241.8 million). ($1 =. . .  Full story

Australia shares expected to fall at the open; NZ falls

05/01 Australian shares are set to extend losses on Thursday, tracking sharp losses on Wall Street after minutes from the U.S. Federal Reserve indicated that it may raise interest rates sooner than expected and reduce. . .  Full story

Tech, healthcare pull down Australian shares from mid-Aug highs

05/01 Australian shares reversed course after reaching mid-August highs on Wednesday, as losses in the technology and healthcare sectors were too heavy to be offset by energy and mining stocks.. . .  Full story

Australia job advertisements fall 5.5% in Dec - ANZ

05/01 Australian job advertisements slipped in December after two months of steep gains as some positions were filled, while a pick up in coronavirus cases may have had some impact on employers.. . .  Full story

Australian shares fall from 5-month high as tech losses weigh

05/01 Australian shares fell on Wednesday, after hitting a near five-month high during the session, as weakness in technology stocks overshadowed gains from financial and mining sectors.. . .  Full story

Energy, mining stocks boost Australia shares to 4-month high

04/01 Australia shares jumped 2% on the first trading day of the year on Tuesday, notching their best intraday session in 15 months, as a surge in commodity prices lifted heavyweight energy and mining sectors.. . .  Full story

Australian shares kick off 2022 higher on Wall Street boost

04/01 Australian shares rose on Tuesday, boosted by energy and mining stocks, as investors took cues from a strong overnight session on Wall Street and brushed aside concerns around soaring COVID-19 infections and hospitalisations in the. . .  Full story

Australia home prices boast bumper 2021 as rates stay low

04/01 Australian home prices boasted a bumper 2021 as rock-bottom interest rates drove values sky-high, with values in Sydney alone rising an average of A$4,200 every single week.. . .  Full story

No Australia, NZ stock market reports on Jan. 3

31/12 There will be no Australia and New Zealand stock market reports on Monday, Jan. 3 as financial markets in both countries will be closed for New Year's Day.. . .  Full story

Indonesia will likely ratify RCEP in Q1 2022 - economic minister

31/12 Indonesia, Southeast Asia's largest economy, will likely ratify its membership of the Regional Comprehensive Economic Partnership (RCEP) early next year, its chief economic minister said on Friday.. . .  Full story

Australia shares recover from pandemic-battered 2020 to gain this year

31/12 Australian shares finished the year stronger, though they inched lower on Friday, recovering from the pandemic-driven losses last year amid challenges from the highly contagious new variants of the coronavirus.. . .  Full story

Australian shares slip after six-day run but set for big annual gain

31/12 Australian shares were set for big annual gains on Friday even as the benchmark index slipped after a six-day winning run as investors turned cautious due to a surge in COVID-19 cases.. . .  Full story

Miners, banks help Australian shares notch 3-1/2-month closing high

30/12 Australian shares inched higher on Thursday, rising for a sixth straight session to close at their highest in more than three and a half months in thin trading volumes, as miners and banks offset. . .  Full story

Banks lift Australian shares to 3-1/2-month high

30/12 Australian shares inched higher on Thursday, hitting their highest in more than three and a half months in thin trading volumes, as gains in banks offset losses in technology stocks.. . .  Full story

Australia shares close at 3-1/2 month high in post-Christmas trade

29/12 Australian shares rose for a fifth straight session on Wednesday, as investors kept aside Omicron worries amid a surge in COVID-19 infections in the country's most populous state.. . .  Full story

China raises import quota for Australian wool in 2022

29/12 China has raised the import quota for Australian wool in 2022 from the previous year, the commerce ministry said on Wednesday, in line with the terms of a bilateral trade pact.. . .  Full story

Banks, miners drive Australian shares to 3-1/2-month high

29/12 Australian shares jumped on Wednesday to their highest in more than three and a half months as market participants grew less concerned about the Omicron coronavirus variant on returning from an extended holiday weekend.. . .  Full story

Australia shares set to open higher; NZ rises

28/12 Australian shares are poised to open higher on Wednesday, as investors look to shrug off the impact caused by Omicron-driven economic disruptions, while strong oil prices are expected to propel domestic energy stocks higher.. . .  Full story

India's Adani nears first coal shipment from shunned Australian mine

27/12 India's Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels.. . .  Full story

No Australia, NZ stock market reports on Dec. 27, 28

24/12 There will be no Australia and New Zealand stock market reports on Monday, Dec. 27, and Tuesday, Dec. 28, as financial markets in both countries will be closed for Christmas and Boxing Day.. . .  Full story

Australian shares wind down for Christmas on a positive note

24/12 Australian shares closed higher in a holiday-shortened trade on Friday, as fears about the Omicron variant of the coronavirus receded, with wealth manager AMP Ltd rallying after divesting its infrastructure debt platform.. . .  Full story

Australian shares extend gains on bank, tech boost

24/12 Australian shares rose on Friday, led by banking and tech stocks following a Wall Street rally overnight as concerns eased about the Omicron variant's economic impact, while AMP Ltd surged after announcing the sale. . .  Full story

Gold, banking stocks drive Australian shares up as Omicron worries ease

23/12 Gold and financial stocks helped Australian shares close higher on Thursday, as investor sentiment improved after two research studies showed Omicron was less lethal compared with the Delta coronavirus variant.. . .  Full story

Australian court permits re-issue of shale drill grants to Empire Energy arm

23/12 An Australian court declared void on Thursday grants the federal government made to a subsidiary of Empire Energy Group for exploration drilling in the Beetaloo shale basin in the Northern Territory, but allowed them to. . .  Full story

Australia shares boosted by banks, gold miners

23/12 Australian shares extended gains on Thursday, led by banks and gold miners, as a study helped ease concerns about the severity of the Omicron coronavirus variant, while Bega Cheese slumped on forecasting earnings outlook. . .  Full story

Australia's Bega Cheese shares dive as COVID-19 impact prompts profit warning

23/12 Shares of Bega Cheese tumbled to a four-month low on Thursday after the company warned of a hit to its 2022 fiscal earnings from strong competition for dairy supply in Australia, high global prices. . .  Full story

Australia shares set to track Wall Street higher, NZ rises

23/12 Australian shares are set to gain on Thursday, taking cues from a strong session on Wall Street, as hopeful developments surrounding the severity of the Omicron coronavirus variant aid investor sentiment.. . .  Full story

China's Huayou buys lithium mine in Zimbabwe for $422 mln

22/12 China's Zhejiang Huayou Cobalt said on Wednesday it would pay a total $422 million to acquire the Arcadia hard-rock lithium mine in Zimbabwe.. . .  Full story

Australia shares end flat as miners offset gains in tech, health stocks

22/12 Australian shares were little changed on Wednesday with gains in technology and healthcare segments countered by a slump in mining stocks, as worries over the economic fallout from the Omicron coronavirus variant kept investors on. . .  Full story

Australian shares flat as banks negate gains in mining, tech stocks

22/12 Australian shares swung between positive and negative territory on Wednesday, as losses in banks and gold explorers countered gains made by miners and technology stocks.. . .  Full story

Australia shares set to open higher, NZ dips

21/12 Australian shares are set to gain on Wednesday, a day after minutes from the country's central bank meeting showed it does not expect the Omicron coronavirus variant to derail an ongoing economic recovery.. . .  Full story

Indonesia launches major industrial estate on Borneo island

21/12 Indonesia started construction on Tuesday of a new industrial estate on Borneo island, which officials said aims to use hydropower for plants producing items including semiconductors, lithium ion batteries, solar panels and aluminium products.. . .  Full story

Healthcare, mining stocks help Australian shares notch best day in 2 weeks

21/12 Australian shares rose on Tuesday by their most in two weeks, as biotech firm CSL Ltd led healthcare stocks higher and miners advanced on the back of an extended rally in iron ore futures.. . .  Full story

Australia, NZ dollars on defensive on Omicron fears

21/12 The Australian and New Zealand dollars was under pressure on Tuesday as the fast-spreading Omicron variant raised fears that more countries may impose economically disruptive restrictions.. . .  Full story

Australia's central bank upbeat on outlook ahead of QE decision

21/12 Australia's central bank is optimistic the spread of the Omicron variant will not derail an ongoing economic recovery, giving it the option to end quantitative easing early should the run of activity data stay upbeat.. . .  Full story

Australian shares gain on banks, energy stocks boost

21/12 Australian shares rose slightly on Tuesday, helped by gains in financial and energy stocks, even as surging Omicron coronavirus cases triggered tighter restrictions in Europe and clouded the outlook for global economic growth.. . .  Full story

Omicron, Magellan Financial drag Australian shares lower

20/12 Australian shares settled lower on Monday as energy stocks fell on concerns over oil demand outlook, while fund manager Magellan Financial Group slumped to its worst session on losing a major client.. . .  Full story

Singtel flags $216 mln exposure in Australia tax case defeat

20/12 Singapore Telecommunications Ltd has estimated it faces A$304 million ($216 million) in tax exposure, interest and penalties, after an Australian court dismissed its appeal against an assessment by the country's taxation office.. . .  Full story

Banking, energy stocks drag Australian shares lower

20/12 Australian shares dropped on Monday, dragged down by losses in financial and energy stocks as worries surrounding the Omicron coronavirus variant kept global markets on edge, while Magellan Financial Group dived after losing a major. . .  Full story

Australia shares likely to open lower, NZ inches lower

19/12 Australian shares are set to fall at the open on Monday, as worries surrounding the Omicron coronavirus variant persist, while a drop in oil prices is likely to weigh on domestic energy stocks.. . .  Full story

Commodity-linked stocks buoy Australia shares as BNPL firms tumble

17/12 Australian shares snapped a three-day day losing streak on Friday as miners and energy stocks gained on firmer commodity prices, while a plunge in buy-now, pay-later (BNPL) companies following a U.S. review capped gains.. . .  Full story

Australian shares rise on mining, energy boost; BNPL firms drag

17/12 Australian shares rose on Friday, helped by mining and energy names on the back of strong underlying commodity prices, while buy-now-pay-later stocks fell after a U.S. agency sought data on business practices from five companies. . .  Full story

Australia's NAB faces shareholder pressure over environmental credentials

17/12 Australia's second-largest lender, National Australia Bank, defended its environmental credentials on Friday as investors at an annual meeting complained its emissions disclosures are less complete than its Big Four rivals.. . .  Full story

Australia govt cuts 2021/22 bond issuance plans

17/12 The Australian government has cut its bond issuance plan to A$105 billion ($75.40 billion) for the 2021/22 fiscal year as faster economic growth drives higher revenues and a lower budget deficit.. . .  Full story

Australia shares set to fall at open; New Zealand rises

16/12 Australian shares are projected to open lower on Friday as an overnight tumble in Wall Street's tech-focused Nasdaq index is expected to weigh on local tech stocks. The local share. . .  Full story

CSL, energy stocks drag Australia shares lower; tech rally limits losses

16/12 Australian shares slipped on Thursday, hit by health firm CSL Ltd and energy stocks, though gains in tech stocks tracking their U.S. peers helped limit losses.. . .  Full story

Australia jobs surge by record in Nov as economy recovers rapidly

16/12 Australian employment blew past all expectations in November as coronavirus lockdowns were lifted, driving the unemployment rate sharply lower in a major boost to the economic outlook.. . .  Full story

CSL drags Australian shares lower, tech stocks rise

16/12 Australian shares inched lower on Thursday, as index heavyweight CSL led healthcare stocks lower following a discounted equity raising while tech heavyweights tracked their U.S. peers higher.. . .  Full story

Australia central bank sees no hike in 2022, QE tapering depends on data

16/12 Australia's top central banker still thinks it unlikely interest rates will need to rise in 2022, but is open to ending bond buying as early as February should the economy recovery quicker than currently. . .  Full story

Australia shares set to open higher, NZ rises

15/12 Australian shares are set to edge higher on Thursday, led by expected gains in tech stocks after the Wall Street sharply rebounded following U.S. Federal Reserve's hawkish stance on pandemic-era bond purchases.. . .  Full story

Australia shares end lower as investors await Fed decision

15/12 Australian shares ended lower on Wednesday as cautious investors refrained from placing big bets ahead of outcome of the U.S. Federal Reserve's two-day policy meeting, possibly adding to the pressure on its peers for further. . .  Full story

Australia's Westpac suffers protest vote at AGM, chairman apologises for share slide

15/12 Australia's Westpac Banking Corp was hit with a so-called "first strike" vote against executive pay plans at its annual general meeting and Chairman John McFarlane apologised "unreservedly" for a sharp decline in its share price.. . .  Full story

Gold, tech stocks drag Australian shares lower

15/12 Australian shares fell on Wednesday, dragged down by losses in gold stocks due to weakness in bullion prices, while technology heavyweights tracked their U.S. peers lower.. . .  Full story

Australian consumer cheer chilled by Omicron outbreak

15/12 A measure of Australian consumer sentiment took a step back in December as an outbreak of the Omicron variant clouded the outlook for the economy and spending over the Christmas period.. . .  Full story

RBNZ Says Head Of Supervision, Andy Wood Will Leave

14/12 Reserve Bank of New Zealand:. . .  Full story

Australia shares close flat as financials negate losses in retailers

14/12 Australian shares recovered from early falls to close flat on Tuesday, as gains in financials countered losses in retailers, while investors braced for a slew of central bank meetings this week, including by the. . .  Full story

Australian shares fall as Woolworths slumps on bleak earnings view

14/12 Australian shares fell on Tuesday, dragged by Woolworths Group as it forecast lower first-half operating income from its local food business, while tech stocks tracked their U.S. peers lower.. . .  Full story

Australia nominates RBA payment board member as competition regulator chief

14/12 The Australian government on Tuesday nominated Gina Cass-Gottlieb, a member of the Reserve Bank of Australia's payment systems board, as the next chairperson of the country's competition regulator.. . .  Full story