Australasia

BHP first-half 2019 profit drops on rising costs, missed savings

11h58 BHP Group, the world's biggest miner, on Tuesday reported a drop in first-half 2019 profit as a decline in copper earnings and a series of output disruptions boosted costs and resulted in missed opportunities. . .  Full story

Australia watchdog plans criminal claims on financial sector after inquiry rap

08h06 Australia's corporate regulator, which was criticised heavily by a misconduct inquiry for being soft on the financial industry, said on Tuesday it expects to refer major financial institutions and their representatives for criminal prosecutions.. . .  Full story

Australia shares rise as financial stocks gain; NZ down

08h03 Australian shares closed modestly higher on Tuesday as losses in the mining and healthcare sectors were offset by significant gains in financial stocks as investors turned to the safety of the nation's biggest banks.. . .  Full story

Australia cash rate seen lower for longer as more banks predict cuts

07h10 Australia's central bank will keep rates at record lows until at least early 2021, a Reuters poll showed, with an increasing number of analysts either predicting a cut or pushing back their rate hike. . .  Full story

Australia's ANZ to boost investor lending as mortgage book shrinks

03h28 Australia and New Zealand Banking Group Ltd pledged on Tuesday to lend more to investors as it reported the lowest annualised growth rate in mortgage lending in more than two years due to "overly. . .  Full story

Australia shares likely to open flat; NZ inches lower

18/02 Australian shares are expected to be unchanged on Tuesday in the absence of a Wall Street lead due to a U.S. market holiday. The country's central bank is expected. . .  Full story

Australia's AMP flags earnings hit from retirement bill, shares at all-time low

18/02 Australia's largest listed wealth manager AMP Ltd said proposed new laws aimed at protecting investors' retirement savings would hit its earnings by about A$30 million ($21.45 million) per year, sending its shares to an all. . .  Full story

Australia shares touch 4-month high on trade optimism; NZ rises

18/02 Australian shares rose to their highest in more than four months on Monday, bolstered by rising optimism the United States and China would be able to reach an agreement to resolve their long drawn-out. . .  Full story

Australian garbage collector joins firms hit by property downturn

18/02 Australian garbage handler Bingo Industries Ltd on Monday said it had missed its forecasts for first-half building-waste growth due to slowing construction activity, joining a host of firms feeling the pinch of a property market. . .  Full story

Australia's corporate regulator appeals Westpac court decision

18/02 Australia's corporate regulator said on Monday it had appealed a test case it lost against Westpac Banking Corp over the lender's treatment of customers during a drive to boost its pension funds.. . .  Full story

Australia shares set to open higher on trade talk hopes; NZ up

17/02 Australian shares are expected to rise on Monday, following Wall Street's rally on growing optimism that the United States and China will be able to hammer out an agreement to resolve their protracted trade. . .  Full story

Australia's AMP flags earnings impact from Superannuation Bill

17/02 AMP Ltd, Australia's biggest wealth manager, said on Monday its operating earnings will face a hit based on its assessment of the government's bill to protect customers' investments in superannuation funds.. . .  Full story

Australia shares inch higher on gains by energy firms, NZ falls

15/02 Australian shares edged higher on Friday, as gains in energy and financial stocks slightly outweighed losses for mining heavyweights while weak U.S. retail sales and softer Chinese inflation added to worries about the global economy.. . .  Full story

Australia shares little changed as U.S. retail caps broader gains; NZ down

15/02 Australian shares were little changed on Friday as worries about the U.S. retail sector capped broader gains that were driven by the energy sector.. . .  Full story

Australia's Whitehaven H1 profit jumps 19 pct, but costs rise

15/02 Australia's Whitehaven Coal said on Friday its first-half profit rose 19 percent helped by robust prices for its higher grade thermal coal, but investors were rattled by increasing costs, knocking its shares lower.. . .  Full story

Domain Holdings Australia's H1 revenue rise defies cooling market

15/02 Property classifieds platform Domain Holdings Australia on Friday clocked strong growth in its first-half revenue from its residential properties listings business, amid a slump in Australia's once booming property market.. . .  Full story

Australia's Healius posts 6 percent fall in H1 profit

15/02 Australian medical centre operator Healius Ltd reported a 6.3 percent fall in first-half profit on Friday, hurt by higher spending on employee benefits, and cut its full-year earnings outlook.. . .  Full story

Domain Holdings Australia's earnings slip 14.2 pct, print business suffers

14/02 Property classifieds platform Domain Holdings Australia on Friday said its underlying earnings slumped 14.2 percent in the first half amid a sharp drop in its print and media business.. . .  Full story

Australia shares to open lower on global growth worries, NZ down

14/02 Australian shares are set to open slightly lower on Friday, after a sharp drop in December U.S. retail sales stoked global growth worries, which will likely limit gains from China's better-than-expected January trade data.. . .  Full story

Recent drop in Australian dollar helpful to economy-RBA

14/02 The recent decline in the Australian dollar has been helpful "at the margin" to the domestic economy given there is still spare capacity in the labour market and inflation remains below target, a top. . .  Full story

China's coal imports surge, but prices tell a better story: Russell

14/02 China's coal imports soared in January, more than tripling from the prior month to 33.5 million tonnes, but there are compelling reasons to treat this outcome with caution, including weakness in benchmark Australian coal prices.. . .  Full story

Indonesia, Australia to sign trade deal in March - trade minister

14/02 Indonesia is to sign a trade and investment partnership deal with Australia in March, Indonesia's trade minister said on Thursday, three months later than expected and following diplomatic friction between them over Middle East policy.. . .  Full story

Australia shares held back by financials; NZ down

14/02 Australian shares closed flat on Thursday as gains in metals and energy stocks were offset by losses in financials, with scandal-hit wealth manager AMP tumbling in yet another reminder of the costly management missteps. . .  Full story

Philippines' Phoenix seeks LNG alliance with state firm PNOC

14/02 Phoenix Petroleum Philippines Inc said on Thursday it is in talks with state-owned Philippine National Oil Company (PNOC) for a "strategic alliance" on its proposed $2 billion liquefied natural gas hub.. . .  Full story

Australian shares higher on stronger resources sector; NZ up

14/02 Australian shares edged higher on Thursday, driven by miners and oil producers following upbeat earnings and higher commodities prices, although losses from scandal-hit wealth manager AMP limited broader gains.. . .  Full story

Australia's Suncorp H1 profit slumps on hazard claims, regulatory costs

14/02 Australian general insurer Suncorp Group Ltd said on Thursday its first-half net profit fell 45 percent due to payouts for a Sydney hailstorm, weaker investment returns and rising regulatory costs, sending its shares sharply lower.. . .  Full story

Australia's South32 HY profit jumps, raises forecast for key Illawarra project

14/02 The world's largest manganese miner South32 Ltd on Thursday posted an 18 percent rise in half-year underlying profit as a surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line.. . .  Full story

Australia's Magellan Financial Group posts 61.5 pct rise in H1 profit

14/02 Australian fund manager Magellan Financial Group reported a 61.5 percent rise in its first-half net profit on Thursday, boosted by a jump in performance fees and sustained growth in management fees.. . .  Full story

Australia's Newcrest Mining profit surges on record production at Cadia

14/02 Newcrest Mining Ltd, Australia's top gold miner, on Thursday said its first-half profit more than doubled, buoyed by record gold and copper production at its Cadia operations.. . .  Full story

Australia's Treasury Wine posts 17.1 pct rise in HY profit

13/02 Australia's Treasury Wine Estates Ltd , the world's largest standalone winemaker, said on Thursday its first-half net profit rose 17.1 percent as surging sales to China, its biggest market, overcame a slowdown in consumer spending.. . .  Full story

Australia's Suncorp Group H1 profit falls on natural hazard claims

13/02 Australian insurer Suncorp Group Ltd posted a 45 percent fall in its first-half profit on Thursday, hurt by losses arising from a surge in natural hazard claims following a hailstorm in Sydney and lower. . .  Full story

Australian shares seen flat ahead of China trade data; NZ falls

13/02 Australian shares are likely to tread water on Thursday, as investors move to the sidelines awaiting crucial China trade data which could neutralize Wall Street-influenced gains. The local share price index. . .  Full story

NZ c.bank signals growth, policy risks; kiwi rallies as doves disappointed

13/02 New Zealand's central bank on Wednesday retained the possibility of a rate cut in the face of rising economic risks, but its broadly neutral policy tone disappointed doves and sent the local dollar rallying. . .  Full story

Australia shares dragged by CSL losses, NZ gains

13/02 Australian shares fell on Wednesday, erasing early gains as heavyweight drugmaker CSL dragged the index after posting a disappointing first-half profit rise.. . .  Full story

Australia's auto sector suffers earnings hit as consumer spending slows

13/02 Australia's auto sector has become the latest casualty of slowing consumer spending and tighter lending, with classifieds site Carsales.Com Ltd and parts dealer Bapcor Ltd turning in weak earnings and seeing their shares drop.. . .  Full story

Australia shares gain on trade optimism, CSL falters after earnings; NZ up

13/02 Australian shares edged higher on Wednesday on hopes the United States and China might be able to hammer out a deal to ease their months-long trade war.. . .  Full story

Australia consumer sentiment rebounds in Feb - survey

13/02 A measure of Australian consumer confidence recovered sharply in February after a dismal start to the year, as improved optimism on the economy and family finances suggested some resilience to gloomy media coverage on falling. . .  Full story

Australia's central bank surprised by weakness in consumption

12/02 An Australian central banker said on Wednesday the bank's views on the domestic economy had shifted after retail sales and consumption proved weaker than expected, prompting a downgrade in growth forecasts.. . .  Full story

Australia shares to rise on Wall Street gains, higher oil prices; NZ up

12/02 Australian shares are likely to open higher on Wednesday, tracking a Wall Street rally prompted by new hopes on the U.S.-China trade talks, while energy stocks are expected to boost the benchmark on higher. . .  Full story

Australia, NZ shares firmer on U.S.-China trade hopes

12/02 Australian shares edged higher on Tuesday, supported by positive signals from Washington and Beijing about their trade negotiations and firm earnings guidance from the country's largest investment bank.. . .  Full story

Australia mortgage slump points to steeper property downturn

12/02 Australian home loans slid sharply in December in a sign the downturn in the country's once booming property market has further to run, creating more challenges for policymakers worried about the wider economic impact of. . .  Full story

Australia's Macquarie CEO looks offshore for growth

12/02 Australia's Macquarie Group on Tuesday outlined the global ambitions of its new chief executive as it tracks towards a record annual profit thanks to its diversified business model, which helped offset losses from recent global. . .  Full story

Australian shares higher, led by Macquarie Group; NZ up

12/02 Australian shares rose on Tuesday, helped by optimism about Sino-U.S. trade talks and as Macquarie Group reaffirmed its expectations for a record annual profit, which helped support the broader financial sector.. . .  Full story

Australia business activity bounces moderately in Jan - survey

12/02 A closely-watched index of Australian business conditions showed a welcome bounce in January after an alarmingly sharp drop the month before, though the survey still pointed to cooling growth ahead.. . .  Full story

Australia's Macquarie Group sees FY profit up 15 pct

11/02 Australia's largest investment bank Macquarie Group on Tuesday said it expects its full year profit to be 15 percent higher than a year ago.. . .  Full story

Australia shares set to open higher on U.S.-China talks, NZ flat

11/02 Australian shares are likely to open higher on Tuesday as risk sentiment was bolstered after trade talks between the United States and China resumed, while miners are also expected to boost the benchmark.. . .  Full story

Australia shares dragged down by financials, NZ gains

11/02 Australian shares retreated on Monday, as a rally in resource stocks was offset by declines in banks and healthcare stocks.. . .  Full story

Inquiry fails to create level playing field for smaller banks-Australia's Bendigo

11/02 A powerful inquiry into misconduct by Australia's finance sector failed to address concerns that competition was skewed in favour of big lenders, mid-sized Bendigo and Adelaide Bank Ltd said on Monday, as it posted. . .  Full story

Australia shares dragged down by financials profit taking; NZ higher

11/02 Australian shares edged lower on Monday, as financial stocks gave up some of last week's rally, capping broader gains in the market that were driven by the mining and gold sectors.. . .  Full story

Defying downturn, Australia's JB Hi-Fi posts rising profit

11/02 Australian electronics retailer JB Hi-Fi Ltd bucked gloomy sales conditions to post a 5.5 percent rise in half-year profit and growth in categories from fridges to phones, sending its shares to a six-week high.. . .  Full story

Australia shares to open marginally down; NZ trades higher

10/02 Australian shares are likely to tread water on Monday, as Wall Street-inspired gains were offset by scepticism about a U.S.-China trade deal being struck before the March 1 deadline. Healthcare stocks. . .  Full story

ANALYSIS-Australia's bruised big banks offered respite in inquiry wash-up

10/02 After a year of bruising interrogation, Australia's oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed - but also an unexpected opportunity to rebuild.. . .  Full story

Chinese businessman denies reported justification for Australian visa cancellation

09/02 A prominent Chinese businessman and political donor, linked in the past to a row about the promotion of Chinese interests, said on Friday Australia's decision to rescind his visa was based on nothing more. . .  Full story

Australia shares sag on miners, energy stocks; NZ up

08/02 Australian shares ended lower on Friday, with energy and mining stocks accounting for more than half of the losses as resurgent U.S-China trade tensions drove investors away from risk-sensitive assets. The S&P/ASX 200 index fell. . .  Full story

Australia's bruised big banks offered respite in inquiry wash-up

08/02 After a year of bruising interrogation, Australia's oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed - but also an unexpected opportunity to rebuild.. . .  Full story

Australian real-estate ad site REA warns of a slowdown, sector shares drop

08/02 Australian real estate classifieds firm REA Group Ltd on Friday reported plunging listings, slowing revenue growth and forecast no near-term improvement as a prolonged property boom ends and falling prices put the brakes on advertising.. . .  Full story

Australian bankers polish CVs as NAB looks for new leadership

08/02 National Australia Bank Ltd began a global hunt for a new CEO and chairman on Friday after the incumbents quit in the wake of a misconduct inquiry, although most analysts tip a Sydney-based ex-politician to. . .  Full story

Australian thermal coal prices fall to lowest since April 2018 on weak China demand

08/02 Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.. . .  Full story

Australia c.bank steps up warning on housing, cuts guidance

08/02 A sharp downturn in Australia's once-booming property market has become a "significant uncertainty", the country's central bank warned on Friday as it cut forecasts for growth and inflation in a signal policy will be expansionary. . .  Full story

Australia shares edge lower, weighed by mining stocks, NZ flat

08/02 Australian shares edged down on Friday, as financial sector gains failed to offset profit taking among resource stocks, which snapped a three-day rally, led lower by heavyweights BHP Group and Rio Tinto.. . .  Full story

Australia shares set to open lower on renewed U.S.-China worries; NZ down

07/02 Australian shares are poised to open lower on Friday, with global risk sentiment taking a beating as signs emerged that the United States and China may not meet the March 1 deadline for a. . .  Full story

Australia will easily meet Paris climate accord target - study

07/02 Australia is on track to meet its carbon emissions target under the Paris Climate accord well before 2030, thanks to increasing growth in wind and solar power, a study has found, contradicting a report. . .  Full story

Heads roll: NAB CEO, chairman to quit after scathing misconduct inquiry report

07/02 The chief executive and chairman of Australia's fourth-largest bank NAB are quitting, the biggest scalps following a major inquiry that levelled blistering criticism at the country's financial sector for widespread misconduct.. . .  Full story

Australia shares rally after RBA's dovish shift, NZ up

07/02 Australian shares closed higher on Thursday, basking in a policy shift by the central bank which opened the door to a possible rate cut in a boon to currency and rate-sensitive firms.. . .  Full story

Australia's AGL Energy reports profit jump, but coal plant costs to rise

07/02 AGL Energy, Australia's top power producer, reported a 10-percent rise in half-year underlying profit, but warned that profits would be weaker in the next six months as it steps up spending on maintaining its ageing. . .  Full story

Australia's AMP sees off wealth management boss in post-inquiry renewal

07/02 Australian financial planning giant AMP Ltd replaced its wealth management boss on Thursday, as its new CEO puts a broom through its leadership after a public inquiry exposed serious compliance failures.. . .  Full story

Australia shares jump as RBA policy shift boosts financials, miners; NZ up

07/02 Australian shares rallied on Thursday as investors lapped up signs the nation's central bank could ease rates again this year, which sent the local dollar tumbling and boosted exports-led stocks such as commodities and. . .  Full story

Australian developer Mirvac defies downturn to post profit jump

07/02 Australian property developer Mirvac Group defied some of the steepest real-estate price falls in a generation to post an almost 40 percent rise in half-year profit on Thursday, thanks to strong earnings from office and. . .  Full story

Australia's Mirvac posts 39.4 pct rise in half-year profit

06/02 Australian property developer Mirvac Group reported a 39.4 percent rise in half-yearly profit on Thursday.. . .  Full story

Australia's AGL Energy says H1 profit jumps 10.3 pct

06/02 AGL Energy, Australia's largest power producer, reported a 10.3 percent rise in its half-year underlying profit helped by strong margin growth in wholesale markets and lower compliance costs in renewable energy markets.. . .  Full story

Australia shares set to open higher on mining gains; NZ rises

06/02 Australian shares are set to rise on Thursday, with miners likely to benefit from intensifying concerns about a possible shortfall in iron ore supplies after mining giant Vale SA. . .  Full story

Australia shares edge up on miners but CBA's miss caps gains

06/02 Australian shares edged higher on Wednesday as fears of an iron ore supply shortage bolstered mining stocks, but gains were capped by a profit miss for top lender Commonwealth Bank of Australia.. . .  Full story

Australia c.bank chief puts rate cut on the table, A$ skids

06/02 Australia's central bank on Wednesday opened the door to a possible rate cut as it acknowledged growing economic risks in a remarkable shift from its long-standing tightening bias that sent the local dollar sliding.. . .  Full story

Australia's CBA misses expectations as costs, competition squeeze profit

06/02 Commonwealth Bank of Australia , the country's biggest lender, posted a weaker than expected first-half profit on Wednesday as rising costs and fierce competition for mortgages squeezed its margins, sending its shares down sharply.. . .  Full story

Australia shares hampered by CBA's disappointing results, financials fall

06/02 Australian shares edged up on Wednesday, though early enthusiasm evaporated after disappointing results from Commonwealth Bank of Australia provided a grim reminder of the pressure facing financials as regulators hit hard against misdeeds in the. . .  Full story

Australia shares set to open higher, tracking Wall Street gains, upbeat financials

05/02 Australian shares are set to rise on Wednesday, tracking a strong performance on Wall Street, while financials will likely underpin and extend their gains on the back of the Royal Commission's final report.. . .  Full story

Australia's Commonwealth Bank 1st-half profit up but misses forecast

05/02 Australia's biggest bank, Commonwealth Bank of Australia, on Wednesday said its first-half unaudited cash profit rose 1.7 percent helped by a growth in home loans and retail banking services.. . .  Full story

Australian bank shares surge most in decade as investors cheer inquiry outcome

05/02 Australian bank shares surged the most in a decade on Tuesday after a long-awaited report on finance-sector misconduct recommended dozens of rule changes but spared the "Big Four" lenders any serious threat to their. . .  Full story

Australia c.bank stays calm as shoppers go missing, global risks rise

05/02 Australia's central bank warned of risks to growth on Tuesday but wrongfooted rate bears by steering clear from an explicit easing signal, even as data showed shoppers slashed spending during Christmas in another sign of. . .  Full story

Banks catapult Australia, NZ shares on recommendations of inquiry on abuses

05/02 Bank stocks propelled Australian shares on Tuesday, with the "Big Four" having their best day in years as the market saw proposals of a high-powered inquiry as less severe than expected and not posing. . .  Full story

Australia central bank holds rates at 1.5 pct

05/02 Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have been signalling a steady outlook for some time.. . .  Full story

Australia's dismal Christmas retail sales bolster rate cut expectations

05/02 Australian retail sales slumped in December, capping a lousy quarter of disappointing data in yet another blow for the country's economic outlook and bolstering expectations the next move in policy rates would be down.. . .  Full story

Australia Christmas retail sales slide in further blow to economy

05/02 Australian retail sales slumped in December, capping a lousy quarter of disappointing data in yet another blow for the economic outlook and bolstering expectations the next move in policy rates would be down.. . .  Full story

Australia shares gain as financials surge after Royal Commission report; NZ up

05/02 Australian shares jumped on Tuesday, with top lenders surging to multi-month highs after the recommendations of a government-appointed inquiry into the sector were less sweeping than some forecasts, allowing banks to retain their existing structure.. . .  Full story

Australia Dec trade surplus widens to A$3.7 bln

05/02 Australia's balance of goods and services for December seasonally adjusted, released by the Australian Bureau of Statistics on Tuesday. A$ (billion). . .  Full story

NAB's CEO cancels leave after inquiry report singles out bank for criticism

05/02 National Australia Bank Ltd said Chief Executive Officer Andrew Thorburn has cancelled his two-month leave on Tuesday after the release of a year-long inquiry report into widespread misconduct in the nation's financial sector singled out. . .  Full story

Australia's AMP to cooperate with any criminal proceedings -chairman

04/02 The chairman of Australian financial planner AMP Ltd said on Tuesday the company would cooperate with any criminal prosecutions "diligently, as they're presented to us", after a report called for further action on dozens of. . .  Full story

NAB's CEO cancels leave after bank singled out for criticism in inquiry report

04/02 National Australia Bank said Chief Executive Officer Andrew Thorburn has canceled his long-service leave on Tuesday after the public release of a year-long inquiry into widespread misconduct in the nation's financial sector singled out Australia's. . .  Full story

Australia shares set to open higher, tracking positive Wall Street; NZ up

04/02 Australian shares are set to open higher on Tuesday, tracking an upbeat performance on Wall Street, as a strong U.S. jobs report on the heels of the Federal Reserve's decision to be patient in. . .  Full story

Australia vows to clean up financial sector after landmark misconduct inquiry

04/02 A special government-appointed inquiry excoriated Australia's financial sector for misconduct on Monday, referring two dozen cases to regulators for possible legal action but leaving the structure of the country's powerful banks in place.. . .  Full story

Perth Mint's Jan gold, silver sales rise

04/02 The Perth Mint's January sales of gold products rose nearly 7 percent from the previous month, while silver sales also increased, the mint said on Monday. January sales of. . .  Full story

New Zealand, India lead Asia on price valuations; S.Korea, China lags

04/02 New Zealand and India were the most expensive in the Asia-Pacific region in terms of forward price-to-earnings ratio (P/E), Refinitiv data showed.. . .  Full story

Australia bank inquiry does not recommend individual criminal charges

04/02 A powerful public inquiry into Australia's finance industry referred 24 instances of bad corporate behaviour to regulators for possible prosecution but did not suggest any individuals be criminally prosecuted in its final report released on. . .  Full story

Aussie shares end higher, led by financials; NZ down

04/02 Australian shares firmed on Monday, with banks recouping early losses to end higher ahead of the final report of a powerful inquiry into misconduct in the sector, and energy stocks supported by firmer oil. . .  Full story

Australia's central bank faces watershed week for policy

04/02 Australia's central bank holds its first policy meeting of the year facing a world re-shaped, and not for the better.. . .  Full story

Boral calls end to Australia's building boom, shares slide

04/02 Australia's largest building materials supplier, Boral Ltd, cut its domestic outlook and said delays at big projects would dent half-year profits, sending shares tumbling as investors called time on the nation's building boom.. . .  Full story

Australian home approvals crater as credit tightens

04/02 Approvals to build new homes in Australia collapsed to five-year lows in December as sliding house prices and a squeeze on credit hammered the apartment market, a blow to what had been one. . .  Full story

Australia shares gain as financials surge ahead of Royal Commission; NZ down

04/02 Australian shares recouped early losses on Monday as financial stocks staged a sharp recovery ahead of the final report of the Royal Commission inquiry which exposed systemic wrongdoing in the vastly profitable sector.. . .  Full story

Australia Dec building approvals fall 8.4 pct

04/02 Australian approvals to build new homes in December, seasonally adjusted, released by the Australian Bureau of Statistics on Monday. Seasonally adjusted Dec. . .  Full story

Australia job ads fell 1.7 percent in Jan - ANZ

04/02 Australian job advertisements in newspapers and on the internet slipped in January taking annual growth into negative territory for the first time since 2015, a survey showed on Monday.. . .  Full story

Australia shares to rise as upbeat U.S. data boosts sentiment; NZ down

03/02 Australian shares are poised to rise on Monday, tracking Wall Street's strong performance on Friday as upbeat U.S. employment and manufacturing data lifted sentiment, while miners look set to benefit from firm iron ore. . .  Full story

Day for Australian banks as govt to release inquiry report

03/02 The Australian government is due to release on Monday the final recommendations of the independent inquiry that exposed systemic wrongdoing in Australia's financial sector last year, likely leading to sweeping changes to the country's banking. . .  Full story