Australasia

Australian PM meets with c.bank chief as stimulus calls grow

05h41 Australian Prime Minister Scott Morrison meet with the country's central bank chief on Wednesday to discuss the nation's slowing economy as pressure grows for urgent fiscal stimulus.. . .  Full story

Australia shares off on fears of protracted trade war; NZ edges up

03h58 Australian shares slipped on Wednesday as investors worried that the lack of progress in talks between the United States and China could signal a protracted trade war and harm the Australian economy.. . .  Full story

Australia's Fortescue green lights $287 mln mine development

02h12 Fortescue Metals Group Ltd on Wednesday said it will spend about $287 million to develop the Queens Valley mining area in the iron ore rich Pilbara region of Western Australia.. . .  Full story

Australia shares set to open higher in line with global peers, NZ up

00h08 Australian shares on Wednesday are expected to track gains in global stocks as investor sentiment improved after the United States temporarily eased trade restrictions on Chinese telecom company Huawei Technologies Co Ltd. . .  Full story

Australia c.bank looks set to cut rates in June as growth sputters

21/05 Australia's central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to. . .  Full story

Australia to loosen mortgage rules in reprieve for banks, housing

21/05 Australia's prudential regulator said on Tuesday it plans to relax some of the norms banks use to determine how much they can lend to customers, sending stocks in the sector higher on expectations the. . .  Full story

Australia shares rise on eased home loans, c.bank comments; NZ down

21/05 Australian shares advanced on Tuesday, boosted by financials after mortgage rules were eased in a bid to spur borrowing and the chance of a June interest rate cut increased.. . .  Full story

Australia PM struggles to meet tax relief election pledge, cenbank urges stimulus

21/05 Australia's re-elected coalition said on Tuesday it would struggle to deliver tax breaks for tens of millions of voters by July 1, a cornerstone of it's election campaign, as the central bank called for. . .  Full story

Australia's c.bank tilts to clear easing bias as unemployment rises

21/05 Australia's central bank is set to cut interest rates if the labour market fails to show signs of improvement, an outcome brought closer by recent disappointing data on unemployment.. . .  Full story

Australia, NZ shares slip on growing worries over trade war escalation

21/05 Australian shares slipped on Tuesday after a U.S. crackdown on Chinese telecom giant Huawei sent global equities tumbling, as investors worried that it could lead to an escalation in the Sino-U.S. trade war.. . .  Full story

Australia shares poised to fall, New Zealand steady

21/05 Australian shares are expected to fall on Tuesday, tracking global peers which slid on worries of a widening trade standoff between the world's two largest economies amid the White House's restrictions on Chinese telecom equipment. . .  Full story

In coal we trust: Australian voters back PM Morrison's faith in fossil fuel

20/05 Australia's re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, "This is coal - don't be afraid!" His surprise win in what some dubbed the 'climate election' may have stunned. . .  Full story

Australia's election surprise sends shares to 11-year peak

20/05 Australian banking, property and private health insurers helped propel the broader sharemarket to an 11-year high on Monday as investors cheered the conservative coalition parties' surprise election victory over the weekend.. . .  Full story

Winning during economic slowdown, Australia's Morrison must halt rot

20/05 Surprisingly retained by Australians in a national election over the weekend, Prime Minister Scott Morrison's centre-right government now needs to find a fast way out of a worrying slowdown in an economy that has been. . .  Full story

Australian dlr gets election lift; rate cuts still loom

20/05 The Australian dollar firmed on Monday in the wake of a surprise election victory by the country's conservative government, although the gains were pared in the face of Sino-U.S. trade tensions and bets for. . .  Full story

Shares in Australia's ANZ, Commonwealth Bank jump after conservatives re-elected

20/05 Shares in Commonwealth Bank of Australia and Australia and New Zealand Banking Group Ltd rose 5 pct on Monday after the conservative coalition was re-elected on the weekend.. . .  Full story

Australia shares set to open higher bolstered by election results, NZ flat

20/05 Australian shares are expected to edge higher on Monday, with investors cheering the surprise election victory of the Liberal-led conservative party coalition as partial results announced on Sunday pointed at incumbent government heading close to. . .  Full story

In coal we trust: Australia's voters back PM Morrison's faith in fossil fuel

19/05 Australia's re-elected Prime Minister Scott Morrison once brandished a lump of coal in parliament, crying, "This is coal - don't be afraid!" His surprise win in what some dubbed the 'climate election' may have stunned. . .  Full story

Australia's conservative government on course for "miracle" election victory

18/05 Australia's Liberal-led conservative government was headed for a remarkable win at the national election early on Sunday after uncovering a narrow path to victory that twisted through urban fringes and rural townships.. . .  Full story

Australia shares end higher as miners surge; NZ sheds gains

17/05 Australia's benchmark share index pared gains to end at an over 2-week high on Friday as soaring iron ore and oil prices coupled with a weaker local dollar bolstered mining and energy stocks.. . .  Full story

NZ c.bank revokes ANZ's permission to assess operational risk capital

17/05 New Zealand's central bank has revoked Australia and New Zealand Banking Group's local licence to calculate its own operational risk capital due to "persistent" control failures, adding to the bank's minimum capital requirement in the. . .  Full story

Australians vote in election on May 18

17/05 Australians voting for a new national parliament on Saturday will either extend the six-year rule of the centre-right Liberal-National Coalition or elect the main opposition party, the centre-left Australian Labor Party.. . .  Full story

Australia shares surge to 11-year high as miners soar; NZ hits record

17/05 Australia's benchmark share index rallied to a more than 11-year high on Friday as soaring iron ore and oil prices coupled with a weaker local dollar bolstered mining and energy stocks.. . .  Full story

Major election policies of Australia's political parties

17/05 Australia's political parties are in the final stages of campaigning ahead of a general election on Saturday.. . .  Full story

Australian shares set for stronger open; New Zealand flat

17/05 Australian shares on Friday are likely to track extended gains in U.S. equities, although cautious trade may take precedence ahead of the Australian federal election on Saturday. The local share price. . .  Full story

Right or Left: Can Australia's election winner revive a slowing economy?

17/05 Australians have a choice between tax cuts and greater public spending when they vote in a general election on Saturday, the starkest distinction in economic policy in years from the two main political parties.. . .  Full story

Australia shares rise on mining, energy stocks; NZ hits record high

16/05 Australian shares rose on Thursday, bolstered by miners and energy stocks as prices of the commodities surged.. . .  Full story

Australia jobless rate jumps to 8-mth highs, A$ stumbles

16/05 Australia's unemployment rate rose to the highest in eight months while full-time jobs fell, official data showed on Thursday, cementing views its central bank may be forced to lower rates soon to stimulate the. . .  Full story

Australia shares inch up on rate cut hopes; NZ at record high

16/05 Australian shares inched up on Thursday, as weaker than expected local jobs data supported expectations for a central bank rate cut, although broader weakness in regional markets capped gains.. . .  Full story

Australia shares set to inch up; NZ rises

16/05 Australian shares were set to rise on Thursday as U.S. President Donald Trump's plan to delay tariffs on auto imports is expected to offset earlier pressure on equities from weak Chinese economic data.. . .  Full story

Zimbabwe platinum mines to ride out power cuts, gold output less secure

15/05 Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid,. . .  Full story

Australian stocks and the election

15/05 Australians will vote in a general election on Saturday and opinion polls point to a change of government, with the centre-left Labor Party leading the incumbent centre-right Liberal-National coalition.. . .  Full story

Australia shares end up on rate cut prospects; NZ hits new peak

15/05 Australian shares rebounded on Wednesday, with the broader market underpinned by expectations that interest rates may be cut while a fall in the Aussie boosted miners.. . .  Full story

Australia's Aurizon to exit intermodal business after court backs terminal sale

15/05 Rail operator Aurizon Holdings Ltd on Wednesday said the Federal Court of Australia has given the go-ahead for the sale of a freight terminal to rival Pacific National, paving the way for its exit. . .  Full story

Australia to import first wheat in 12 years as drought bites

15/05 Australia will import its first shipment of wheat in more than a decade as a drought across the country's east coast wilts supply in the world's fourth largest exporter of the staple grain.. . .  Full story

Australia shares subdued as trade tensions weigh; NZ recovers

15/05 Australian shares inched up in light trade on Wednesday as investors remained cautious despite U.S. President Donald Trump downplaying rising trade tensions with China.. . .  Full story

Australia shares set to open higher, NZ gains

15/05 Australian shares poised to edge up on Wednesday in line with Wall Street as investor sentiment was boosted by a tonal shift in Sino-U.S. trade rhetoric. U.S. President Donald. . .  Full story

Australia, NZ shares end lower as Sino-U.S. trade war intensifies

14/05 Australian shares closed at a one-month low on Tuesday, as investors abandoned equities for safe-haven assets due to escalating Sino-U.S. trade tensions.. . .  Full story

Australia, NZ shares slide as Sino-U.S. trade tension escalates

14/05 Australian shares plunged to a one-month low on Tuesday, as investors abandoned equities for safe-haven assets as the Sino-U.S. trade war escalated, with China announcing tariffs on $60 billion of U.S. goods.. . .  Full story

Australia business conditions ease in April, employment softens-survey

14/05 A closely-watched measure of Australian business conditions fell in April with employment easing to below average for the first time since late 2016, a potential warning sign for the labour market.. . .  Full story

Australia shares set to open lower; NZ down

14/05 Australian shares were set to open lower on Tuesday as China retaliates with higher tariffs on a range of U.S. goods following Washington's decision last week to hike its own levies on $200 billion. . .  Full story

Australia shares end lower hurt by financials; NZ gains

13/05 Australian shares ended lower on Monday, as disappointing earnings from the country's biggest bank weighed on financials, although losses were offset by gains in healthcare and gold stocks.. . .  Full story

-Australia's CBA profit hit by fee cuts, refunds

13/05 Commonwealth Bank of Australia on Monday said cash profit dropped 28% in the third quarter as the country's biggest lender was whacked by falling fee income, rising refunds for wronged customers and squeezed margins.. . .  Full story

Australia shares slip on financials as CBA, ANZ weigh; NZ up

13/05 Australian shares slipped on Monday, as financial stocks plunged after the country's top lender, Commonwealth Bank of Australia, reported disappointing third-quarter results, while other top banks also traded ex-dividend.. . .  Full story

REFILE-ANALYSIS-In a sunset industry, economics of Adani's Australian coal mine questioned

13/05 A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is. . .  Full story

Australia shares poised to extend gains; NZ up

13/05 Australian shares were set to edge higher on Monday as investors remain cautiously optimistic after China and the United States agreed to hold more trade talks in Beijing following an apparent deadlock over trade. . .  Full story

Australia shares rise as investors retain hopes for trade deal; NZ flat

10/05 Australian shares ticked up on Friday on hopes that United States and China still might be able to reach a trade deal, even after Washington hiked tariffs on $200 billion of Chinese goods.. . .  Full story

ANALYSIS-In a sunset industry, economics of Adani's Australian coal mine questioned

10/05 A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is. . .  Full story

Australia c.bank cuts forecasts again, signals rate cuts

10/05 Australia's central bank sharply downgraded forecasts for growth and inflation on Friday and signalled it will consider lowering interest rates if unemployment does not fall further, a major step toward the first policy easing since. . .  Full story

Australia, NZ shares flat as investors await Sino-U.S. trade talk developments

10/05 Australian shares traded sideways on Friday as investors waited to see if trade negotiators from China and U.S. meeting in Washington for a second and final day could salvage a deal to end their. . .  Full story

Australia shares to open lower; NZ down

10/05 Australian shares are poised to open lower on Friday, tracking losses on Wall Street as uncertainties surrounding the critical trade negotiations between the United States and China dampen sentiment toward higher-risk assets.. . .  Full story

Australian shares gain on Telstra, Qantas; NZ at record high

09/05 Australian stocks firmed on Thursday, bucking a trend in Asia, as the antitrust regulator's move to block a merger between the country's third and fourth-largest telcos boosted Telstra, while Qantas Airways rose after forecasting record. . .  Full story

Australia's jobs miracle proves to be government work

09/05 Governments of all stripes like to take credit for the jobs created in an economy, but in Australia's case it is literally true.. . .  Full story

Australia's central bank takes 'responsibilty' for note typo

09/05 Millions of A$50 ($35) banknotes in Australia have an embarrassing typographical error that was overlooked by the country's central bank before they were printed and circulated.. . .  Full story

Profit runs dry at Australia's GrainCorp as drought withers crops

09/05 Australia's biggest listed bulk grain handler, GrainCorp Ltd, on Thursday reported a larger-than-expected half-yearly loss, as severe drought withers crops in one of the world's top exporters of commodities such as wheat.. . .  Full story

Australia shares climb as telecom firms gain; NZ flat

09/05 Australia's benchmark share index rose on Thursday, led by telecom stocks, but gains were capped by concerns over escalating U.S.-China trade tensions.. . .  Full story

Australia shares to open higher; NZ up

09/05 Australian shares are set to open marginally higher on Thursday with investors likely to trade cautiously in light of uncertainties pertaining to the Sino-U.S. trade negotiations. U.S. President Donald Trump. . .  Full story

RBNZ governor says rate cut due to slowing global economic growth

08/05 New Zealand's central bank governor on Thursday cited a slowing in global economic growth as the reason the bank cut its official cash rate (OCR), adding that the outlook for interest rates looked balanced. . .  Full story

Fiji PM rebuffs 'move to higher ground' advice as Australia frets over climate

08/05 Fijian Prime Minister hit back on Wednesday at remarks by an Australian politician that Fijians should seek higher ground in response to rising seas, backed up by a poll showing Australian voters see global. . .  Full story

Analysts slash Asian firms' 2019 profit outlook - Refinitiv data

08/05 Analysts are lowering their forecasts for Asian firms' 2019 earnings, Refinitiv data showed, reflecting a negative sentiment amid slowing regional economic growth and concerns over Sino-U.S. trade tensions.. . .  Full story

NZ shares gain after cenbank cuts rates; Australia dragged down by telcos

08/05 New Zealand shares reversed course to end higher on Wednesday after the central bank cut interest rates to boost a slowing economy, while Australia fell as telcos slumped on the competition regulator's opposition to. . .  Full story

Australia, NZ shares slump on escalating Sino-U.S. trade dispute

08/05 Australian shares fell on Wednesday tracking losses on Wall Street and with energy firms dragging the index lower as intensifying trade tensions between the United States and China pummelled investor confidence.. . .  Full story

Australia shares likely to open lower; NZ drops

08/05 Australian shares are set to open lower on Wednesday, tracking losses on Wall Street, as deteriorating negotiations for a trade deal between the United States and China cause investors to pull back from risk. . .  Full story

China stepped up imports of Australian steelmaking coal in March -Aus data

07/05 China stepped up purchases of Australian steelmaking coal in March after customs delays earlier this year, Australian government data showed on Tuesday, but exports of thermal coal to the world's biggest consumer continued to fall.. . .  Full story

Australia c.bank holds rates, jobs key to future cuts

07/05 Australia's central bank kept rates at record lows on Tuesday while signalling future cuts if the unemployment rate failed to nudge lower as the country's retailers suffered their worst quarter in nearly seven years.. . .  Full story

Australian shares end higher on iron ore miners; NZ up

07/05 Australian shares firmed on Tuesday as iron ore miners surged on concerns over supply of the steel-making commodity, though the central bank's decision to leave interest rates unchanged disappointed some doves and capped gains.. . .  Full story

Australian rate changes since 1990

07/05 The Reserve Bank of Australia kept its cash rate unchanged at 1.5 percent on Tuesday, following its monthly policy meeting. The following is a chronology of the Reserve Bank. . .  Full story

Australia Q1 retail sales worst in near 7 years, rate cut bets alive

07/05 Australian retailers posted their weakest quarter in seven years in March in a bad omen for the broader economy as the country's central bank deliberates on whether or not to cut interest rates later. . .  Full story

Miners drive Australian shares higher; NZ climbs

07/05 Australian shares rose on Tuesday taking cues from a recovery on Wall Street and on the back of gains among iron ore miners after a court ordered a halt in operations at a Vale. . .  Full story

Australia shares likely to open higher, NZ up

07/05 Australian shares are likely to open higher on Tuesday, taking cues from a recovery on Wall Street as investors remain hopeful of an eventual trade deal between China and the United States, while Australia's. . .  Full story

Australia shares drop to 3-week low on trade tensions, NZ falls

06/05 Australian shares closed near a three-week low on Monday after U.S. President Donald Trump's threat to raise tariffs on Chinese goods spoiled hopes for an imminent trade deal between the world's largest economies.. . .  Full story

Australia's Westpac posts worst half-year profit since 2013

06/05 Australia's second-biggest lender Westpac Banking Corp posted its lowest half-year profit since 2013 on Monday, as interest income shrank along with the housing market, and costs rose as the bank compensated customers for botched service.. . .  Full story

Australia job ads dip in April, pace of decline slows

06/05 Australian job advertisements in newspapers and on the internet slipped for a sixth straight month in April, but the pace of decline slowed in a sign of possible stabilisation.. . .  Full story

Australia, NZ shares dive on Trump's vow to hike tariffs

06/05 Australian shares fell to a near two-week low on Monday as U.S. President Donald Trump's threats to raise tariffs on Chinese goods erased hopes of a trade deal between the world's largest economies, following. . .  Full story

ANALYSIS-Australia's shrinking monetary policy arsenal tests RBA's orthodoxy

06/05 Australia's strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to. . .  Full story

Australia shares set to open higher; NZ slips

06/05 Australian shares are poised to open higher on Monday following a stronger Wall Street close on Friday on the back of upbeat U.S. jobs data for April, while President Donald Trump's comments on a. . .  Full story

Olympic chief sympathises with Semenya, respects CAS decision

04/05 Olympic chief Thomas Bach said on Saturday he had sympathy for Caster Semenya but respected the Court of Arbitration for Sport (CAS)'s decision that means the South African athlete will have. . .  Full story

Asian stock valuations surge to 14-month high in April

03/05 Valuations of Asian equities reached a 14-month high at the end of April as regional shares rallied on optimism about Chinese economic data and the prospects for a U.S.-China trade deal.. . .  Full story

Perth Mint's gold sales fall 39 pct in April

03/05 The Perth Mint said its gold products sales in April fell about 39 percent from the previous month, according to a blog post. Sales of gold coins and minted bars. . .  Full story

Australia shares end flat, energy shares lose most; NZ down

03/05 Australian shares ended largely unchanged on Friday as healthcare shares rallied to a more than seven-month high, while energy stocks were the biggest loser after oil prices plunged on oversupply concerns.. . .  Full story

Australian battery materials plant eyes financing deal by end-June

03/05 Nickel miner Australian Mines hopes to lock in funds for a planned A$1.3 billion ($935 million) battery materials plant by end-June, its chief executive said, despite volatile prices that have crimped lending to the new. . .  Full story

Australia's shrinking monetary policy arsenal tests RBA's orthodoxy

03/05 Australia's strong economic performance of recent decades has allowed its central bank to avoid the kinds of unorthodox policies seen in other countries, but record low rates mean less conventional measures may be needed to. . .  Full story

Australia's Macquarie warns of softer FY20 after record profit

03/05 Australian investment bank Macquarie Group Ltd on Friday warned of a weaker year ahead, as it reported record earnings of A$2.98 billion ($2.1 billion) driven by asset sales and double-digit profit from its trading and. . .  Full story

Australia shares flat; NZ dips

03/05 Australian shares were barely changed on Friday as losses driven by energy stocks and a weaker outlook by Macquarie Group were partially offset by gains in the healthcare sector.. . .  Full story

Australia's Superloop in $345.5 mln takeover talks with investment manager

03/05 Superloop Ltd said on Friday it received a revised takeover offer from QIC Private Capital Pty Ltd of A$493.9 million ($345.53 million) for the telecommunications infrastructure company.. . .  Full story

Australia shares to edge higher; NZ dips

03/05 Australian shares are likely to inch higher on Friday, mildly recovering from losses in the previous session, with gains expected to be capped by a drop in energy stocks as oil slumps on oversupply. . .  Full story

Asian stocks rally for fourth successive month in April

02/05 Asian stocks rose for the fourth straight month in April, bolstered by China's better-than-expected economic data and on optimism that the United States and China are inching towards a trade deal.. . .  Full story

Australia shares end lower on Fed comments as financials drag; NZ soars

02/05 Australian shares ended lower on Thursday, in line with Wall Street losses overnight, as financial stocks dragged the benchmark lower after the U.S. Federal Reserve dampened hopes of a near-term interest rate cut, while. . .  Full story

Australian AMP's 'freaked out' customers flee after advice scandal

02/05 Australia's oldest wealth manager, AMP Ltd, posted a near nine-fold increase in cash outflows at its wealth management unit on Thursday in the wake of damaging revelations of misconduct, sending its shares down sharply.. . .  Full story

Australia's Pendal posts 26 pct drop in cash earnings; shares plunge

02/05 Australian asset manager Pendal Group reported a 26 percent fall in first-half cash earnings on Thursday, triggering the sharpest fall in its shares in close to three years.. . .  Full story

Australia's NAB cuts dividend for first time in decade as economy slows

02/05 National Australia Bank Ltd posted a 7 percent rise in first-half cash profit on Thursday, as strong revenue and above average lending growth in Australia and New Zealand more than offset lower margins and higher. . .  Full story

Australia shares slip on Fed comments, weak earnings; NZ rises

02/05 Australian shares fell on Thursday, taking their lead from weakness on Wall Street, while large outflows from AMP and a dividend cut from NAB also weighed on sentiment.. . .  Full story

Australia shares set to open lower; NZ flat

02/05 Australian shares are set to edge lower on Thursday, tracking losses on Wall Street with material stocks, hurt by a slide in base metal prices, likely to drag the index.. . .  Full story

Australia's St George Mining in talks with Chinese battery maker

01/05 St George Mining Ltd is in talks with a Chinese battery manufacturer that is interested in buying a stake in the Australian nickel producer, Executive Chairman John Prineas said on Wednesday.. . .  Full story

Australia shares end up buoyed by ANZ earnings; NZ lower

01/05 Australian shares ended just shy of an 11-year peak on Wednesday, after a surprise earnings beat from Australia and New Zealand Banking Group pushed up risk appetite and prompted sector-wide buying.. . .  Full story

Australia's ANZ to slash cost base as staff cuts boost H1 profit

01/05 Australia and New Zealand Banking Group Ltd on Wednesday promised more than A$1 billion ($705.2 million) in cost cuts by 2022, driving up its share price as staff cuts helped boost first-half profit above. . .  Full story

Australia shares rise as ANZ profit beats expectations; NZ down

01/05 Australian shares rose on Wednesday, with the index buoyed by Australia and New Zealand Banking Group's first-half profit beating expectations and energy stocks recouping losses from the previous session.. . .  Full story

Australia shares set to edge higher, NZ down

01/05 Australian shares are set to open higher on Wednesday, with stronger commodity prices expected to lift material stocks, while expectations of the U.S. Federal Reserve keeping key interest rate steady is also likely to. . .  Full story

Australia's ANZ first-half profit rises 2 pct, beats forecast

30/04 Australia and New Zealand Banking Group Ltd on Wednesday said first-half cash profit rose 2 percent, helped by lower operating expenses and credit impairment charges.. . .  Full story

Australia's Westpac flags $359 mln provision for refunds, sees profit hit

30/04 Australia's Westpac Banking Corp said it will set aside A$510 million ($359 million) to refund customers who had been charged fees for services not rendered, as it seeks to rebuild its image following revelations of. . .  Full story

Australia shares fall on weak China factory data; NZ flat

30/04 Australian shares ended at a one-week low on Tuesday as energy and mining stocks dropped sharply after disappointing factory data from China highlighted weakness in the world's second-largest economy.. . .  Full story

COSCO's OOIL sells Long Beach terminal to Macquarie for $1.78 bln

30/04 Orient Overseas International Ltd (OOIL) said on Tuesday it has agreed to sell its Long Beach container terminal to a subsidiary of Australia's Macquarie Group for $1.78 billion.. . .  Full story

PREVIEW-Australian bank earnings under pressure as reporting season looms

30/04 National Australia Bank is expected to cut its dividend this week for the first time in a decade, a sign of how things have changed for the scandal-hit sector as credit demand and the. . .  Full story

Australia's Origin Energy posts record qtrly APLNG revenue on rising oil prices

30/04 Electricity and gas retailer Origin Energy on Tuesday posted a 53 percent rise in third quarter gas production revenue from its stake in Australia Pacific LNG (APLNG), driven by higher oil prices.. . .  Full story

Australia's Newcrest Mining qtr/qtr gold production hit by shutdowns at top mines

30/04 Australia-based Newcrest Mining Ltd's gold production in the third quarter came in about 5 percent lower than in the prior quarter, hurt by lower production at most of its operations, including its flagship Cadia mine.. . .  Full story

Australia shares likely to open flat; NZ up

30/04 Australian shares are set to open little changed on Tuesday with investors likely to remain cautious ahead of bank earnings later this week and China's manufacturing data for April. China's factory. . .  Full story