Australasia

Australia unveils roadmap for speeding changes to clean up banking sector

14h30 Australia's treasurer on Sunday released a roadmap outlining how the government intends to push for swift implementation of recommendations from a high-powered inquiry for changes to help clean up the country's financial sector.. . .  Full story

Australia shares down for third week on recession, trade worries

16/08 Australian shares gained little respite on Friday as they ended a third straight week in the red, hurt by concerns about a global economic slump and signs the U.S.-China trade war would drag on.. . .  Full story

Australia's ANZ records spike in late payments amid shrinking loan book

16/08 Australia and New Zealand Banking Group said on Friday the value of its mortgages with late payments reached its highest level in at least seven years.. . .  Full story

Not-so-golden fleece: Australian wool prices plunge amid Sino-U.S. trade war

16/08 The price of Australian wool favoured by Chinese clothing makers has dropped as much as 20% in the last fortnight, sales reports show, with would-be bidders shunning auctions as the Sino-U.S trade war ramped. . .  Full story

Australia shares set for sharp weekly decline as recession fears grow

16/08 Australian shares were little changed on Friday as recession fears offset the boost from financial stocks with the benchmark on track to post its third straight week of declines.. . .  Full story

Australia shares poised to slip at open, NZ inches lower

16/08 Australian shares are set to open lower on Friday, extending falls for a second straight session, on fears of an impending global recession and China's warning of retaliation against U.S. tariffs.. . .  Full story

-Australia's QBE Insurance posts 35% jump in H1 profit, retains forecast (Aug. 15)

15/08 Australia's QBE Insurance Group said on Thursday its first-half cash profit rose 35%, helped by lower claims losses and robust investment return.. . .  Full story

Kansai Electric, Marubeni delay construction of coal-fired power plant

15/08 Kansai Electric Power and Marubeni have delayed construction of a 1,300 megawatt coal-fired power plant in northern Japan clouding the station's future, amid a shift away from the most polluting fossil fuel.. . .  Full story

More major banks bet on steeper Australian rate cuts as trade risks rise

15/08 Commonwealth Bank, HSBC and Citi are betting that Australia's central bank will cut interest rates more steeply than previously thought as global trade tensions ratchet up and domestic hiring intentions slow.. . .  Full story

Whitehaven Coal posts record profit, flags higher costs

15/08 Whitehaven Coal Ltd on Thursday reported a record full-year 2019 underlying profit and a bumper dividend that beat expectations, although analysts said an oversupply of thermal coal could cause headwinds to future profits.. . .  Full story

Australia's Woodside at mercy of partners to unlock growth as headwinds grow

15/08 Woodside Petroleum flagged a challenging near-term outlook on Thursday as it grapples to win over its partners to back $34 billion worth of new oil and gas projects amid a souring global environment.. . .  Full story

Australia's Blackmores changes tack in China as profit falls

15/08 Australian vitamin maker Blackmores Ltd warned first-half profit would decline due to tougher conditions in China, as it disappointed investors on Thursday with weaker-than-expected earnings and a dividend cut, sending its shares down 12%.. . .  Full story

Australia unemployment stubborn even as jobs jump in July

15/08 Australian employment surged past expectations in July as firms kept hiring despite worries of an economic slowdown, yet the jobless rate stayed stubbornly stuck at 5.2% as more people went looking for work.. . .  Full story

Australian shares set to plunge amid global slump, NZ falls

15/08 Australian shares are set to open sharply lower on Thursday, following steep falls in global equity markets, as growing fears of a looming recession in the world's largest economy is expected to dent local. . .  Full story

Australian state fast tracks review of second LNG import terminal

14/08 Australia's New South Wales government said on Wednesday it will fast track its review of a liquefied natural gas (LNG) import terminal at the port of Newcastle, proposed by a South Korean firm, as. . .  Full story

Australia wage growth stays tepid, bolster low for longer rate view

14/08 Australian wages growth stayed stubbornly weak last quarter in a disappointing outcome for household consumption and provided further evidence of ample spare capacity in the country's labour market despite a strong run of jobs lately.. . .  Full story

Australian consumer sentiment rebounds in August-survey

14/08 Australian consumer confidence rebounded from a two-year low in August as people became more upbeat on the economy and the housing market, according to one measure, offering a scrap of hope for the hard-pressed. . .  Full story

Australia shares set to advance on tariff delay, NZ up

14/08 Australian shares are set to open higher on Wednesday, following Wall Street's lead, as the Trump administration's move to delay planned tariffs on some Chinese products is expected to boost risk appetite.. . .  Full story

Australia should reduce emissions, coal mining -Pacific leaders

13/08 Australia should do more to reduce its carbon emissions and giving cash to countries battling climate change was not enough, Pacific island leaders said on Tuesday in a rebuke of Canberra's latest attempt to improve. . .  Full story

Australian regulator loses court battle against Westpac over lending standards

13/08 An Australian court on Tuesday dismissed allegations that Westpac Banking Corp had approved mortgages without adequate credit checks, dealing a blow to the regulator's efforts to toughen lending standards.. . .  Full story

Australia willing to assist PNG on debt refinancing - minister

13/08 Australia is willing to help Papua New Guinea (PNG) refinance its national debt, Minister for the Pacific Alex Hawke said on Tuesday, as Canberra moves to counter what it sees as China's efforts to. . .  Full story

Australia shares dip as healthcare stocks weigh but miners cap losses

13/08 Australian shares edged lower on Tuesday as losses among heavyweight healthcare stocks outweighed gains in the mining sector.. . .  Full story

Unconventional monetary policy possible but unlikely in Australia - RBA's Kent

13/08 Australia won't rule out unconventional monetary policy to revive its economy, but a senior central banker said on Tuesday that such a prospect was unlikely as the recent rate cuts are expected to support. . .  Full story

Australia business conditions subdued in July -survey

13/08 A closely-watched measure of Australian business confidence improved in July but conditions remained sub-par and employment waned in a worrying sign for the economy, a survey showed on Tuesday.. . .  Full story

Australian shares set to open lower, NZ slips

13/08 Australian shares are poised to open lower on Tuesday, tracking a broad sell-off on Wall Street, but losses will likely be curbed by gains among gold stocks on strong demand for safe-haven assets.. . .  Full story

Asian share valuations fall as higher trade war risks priced in

12/08 Valuations of Asian shares have dropped sharply over the past month, as regional markets slumped after the United States escalated its trade war with Beijing by threatening to put tariffs on all its imports. . .  Full story

Australia shares poised to start week lower, NZ inches up

12/08 Australian shares were set to open lower on Monday due to investors' concerns about an escalation of the prolonged Sino-U.S. trade spat. U.S. President Donald Trump on Friday said that. . .  Full story

Australian shares up for the day, but suffer worst week since November

09/08 Australian shares ended higher on Friday, helped by small miners and big banks, but marked its worst week in nearly nine months after global risk appetite was spoilt by escalating trade tensions that threatened. . .  Full story

Currency whirlpool sucks in Australia, NZ as global trade war rages

09/08 Central banks in Asia, Australia and New Zealand have joined a brewing global currency war by slashing interest rates and pledging to keep them down, worrying markets over the risk of a chase to. . .  Full story

Australia economy seen turning up, rate cuts still on table

09/08 Australia's economy may have reached a "gentle turning point," led by a tentative pick-up in home prices, tax cuts and a weaker Aussie dollar, the country's central bank chief said on Friday, though more. . .  Full story

Australia shares edge up, led by banks and small miners; NZ rises too

09/08 Australian shares rose slightly on Friday, with smaller mining stocks and blue-chip banks leading gains, though many investors shied away from big moves.. . .  Full story

Australian economy may have reached gentle turning point - RBA

09/08 The Australian economy may have reached a gentle turning point and quarterly economic growth numbers are expected to strengthen gradually, Reserve Bank of Australia Governor Phil Lowe told a parliamentary committee on Friday.. . .  Full story

Australia shares set to open higher tracking Wall Street, NZ gains

09/08 Australian shares are set to open higher on Friday tracking a firmer finish on Wall Street, after a recovery in China's yuan eased fears of a full-blown trade war between the world's largest economies.. . .  Full story

Inpex: some buyers seeking delays, cuts in LNG term cargoes from Australia's Ichthys

08/08 Some Japanese buyers are seeking delays in shipment or volume cuts under their long-term contracts from the Ichthys liquefied natural gas (LNG) project in Australia amid slumping spot LNG prices, Inpex Corp's senior executive said. . .  Full story

Australia Westpac fined for late data reporting as regulator toughens stance

08/08 Australia's financial watchdog fined Westpac Banking Corp and two of its units on Thursday for failing to report data to the watchdog on time, weeks after a government report called on the regulator to. . .  Full story

Australia shares climb on miners' gains, solid China trade data

08/08 Australian shares rose on Thursday, helped by mining stocks and surprisingly solid July trade numbers out of top trading partner China.. . .  Full story

Australia's AGL Energy flags sharp drop in profit in 2020

08/08 Australia's top power producer, AGL Energy, warned on Thursday its profit could fall as much as 25% in fiscal 2020 as it copes with an outage at one of its plants, weaker wholesale and. . .  Full story

Australia shares supported by miners, NZ edges up; sentiment still fragile

08/08 Australian shares were supported by gains in miners, with safe-haven gold stocks taking the lead on Thursday, though sentiment remained fragile as lingering trade tensions and a wave of rate cuts by central banks. . .  Full story

New Zealand could cut rates again, won't rule out negative rates - c.bank assistant governor

08/08 New Zealand's central bank could ease rates again, the assistant governor said on Thursday, a day after the bank stunned markets with a steep 50 basis-point cut to the official cash rate (OCR) and. . .  Full story

Australian shares to open lower on investor caution, NZ up

08/08 Australian shares are expected fall slightly on Thursday as investors exercise caution on growing fears of a global recession following the previous session's rally. Weaker oil prices are also expected. . .  Full story

Australia businesses financially sound despite challenges -RBA

07/08 The financial health of Australia's business sector is generally sound and, while there are some challenges in the hard-pressed retail sector, they do not pose a risk to the banking system, a top central. . .  Full story

RBNZ governor reiterates negative interest rates a possibility

07/08 New Zealand's central bank governor said on Thursday that it was easily within the margins of error of the bank's forecasts that negative interest rates may be needed when trying to stimulate the economy.. . .  Full story

PNG seeks Chinese help to refinance debt, boost trade

07/08 Papua New Guinea's new leader has asked China to refinance its entire 27 billion kina ($7.8 billion) government debt and enter into free trading arrangements with Pacific island nations, even as competition for influence in. . .  Full story

NZ shares soar on hefty rate cut, Australian market snaps 5-day slump

07/08 New Zealand's stock market rallied on Wednesday after the nation's central bank stunned investors with a steep 50 basis point rate cut, while Australian shares snapped a five-session losing streak, powered by safe-haven gold. . .  Full story

Australia's CBA disappoints as costs rise, delays payout

07/08 Commonwealth Bank of Australia dashed investor hopes for capital handouts and posted its second consecutive annual profit fall on Wednesday, missing expectations as rising costs and falling rates ate into margins.. . .  Full story

RBNZ chief says negative interest rates "within the realms of possibility"

07/08 New Zealand's central bank governor said on Wednesday there was a possibility of using negative interest rates to stimulate the economy, after the bank had earlier slashed the official cash rate to a record. . .  Full story

Australia shares inch higher as trade tensions ease

07/08 Australian shares saw meagre gains on Wednesday as investors tentatively sampled risk assets after China's central bank helped stabilise the yuan, easing fears that its trade war with the United States might run into currency. . .  Full story

Malaysia to update on rare earths producer Lynas' licence in mid-August

07/08 Rare earths miner Lynas Corp said on Wednesday the Malaysian government has indicated it will make an announcement on its operating licence there in mid-August.. . .  Full story

Australia shares set to rebound and open higher, NZ gains

07/08 Australian shares are set to open higher on Wednesday, tracking a recovery on Wall Street after a sharp sell-off in the previous session, as China's efforts to stabilize the yuan alleviated fears of a. . .  Full story

Australian shares extend losses to 5th day as Sino-U.S. trade row escalates

06/08 Australian shares fell more than 2% on Tuesday, extending losses to a fifth straight session, after Washington branded Beijing a currency manipulator, escalating a bruising trade dispute that is increasingly weighing on global demand and. . .  Full story

Westpac NZ unit agrees to repay $4.6 mln over wrongly charged fees

06/08 Westpac Banking Corp's New Zealand arm has agreed to refund about $4.6 million to customers who had been incorrectly charged for services, the country's consumer watchdog said.. . .  Full story

Australia's central bank sees low for longer rates as trade war rages

06/08 Australia's central bank held rates at an all-time low of 1% on Tuesday as it weighed the impact of past easing, though markets are wagering the tide of policy stimulus sweeping the world will. . .  Full story

Australia to consider reserving some gas for home market

06/08 Australia, the world's top liquefied natural gas exporter, on Tuesday said it would consider forcing gas producers to reserve some supply for the domestic market, as it looks to cut energy bills for households and. . .  Full story

Australia's central bank holds rates at 1%

06/08 Australia's central bank left its cash rate at 1% on Tuesday as it waited to gauge the impact of previous cuts in June and July.. . .  Full story

Australian interest rate changes since 1990

06/08 The Reserve Bank of Australia held its cash rate at 1.0% on Tuesday, following its monthly policy meeting. The following is a chronology of the Reserve Bank of Australia's interest. . .  Full story

Australia's trade surplus swells to record in rare bright spot

06/08 Australia's trade surplus swelled to historic highs in June and likely gifted the country its first current account surplus since the 1970s, a timely buffer as the world descends ever closer to an all-out. . .  Full story

Australian shares sink over 2% as Sino-U.S. trade war escalates

06/08 Australian stocks tumbled 2.4% on Tuesday and looked set for their worst day over a year as the rapidly escalating Sino-U.S. trade dispute prompted investors worldwide to dump riskier assets.. . .  Full story

ANZ Bank predicts NZ cenbank will cut rates three more times in 2019

06/08 ANZ Bank said on Tuesday it was now forecasting that New Zealand's central bank would cut the official cash rate (OCR) three times this year, amidst a "dramatic" escalation in global risks and a. . .  Full story

COLUMN-Australia will investigate using nuclear power. Why bother?: Russell

05/08 If another sign was needed that Australia's energy policy is dysfunctional, the government provided it in the form of launching a parliamentary inquiry to consider nuclear power.. . .  Full story

Fresh U.S.-China trade turmoil wipes $26 bln off Australian stocks

05/08 Mining stocks led Australian shares to their worst session in over seven months on Monday, with investors slashing riskier positions as the growing trade war between the United States and China revived worries about. . .  Full story

Perth Mint's July gold sales rise, silver sales nearly triple

05/08 The Perth Mint's gold product sales in July rose 10.6% from the previous month, the refiner said on Monday. Sales of gold coins and minted bars in July. . .  Full story

Australian shares in red as Sino-U.S. tensions flare

05/08 Australian shares fell more than 1% on Monday, extending losses into a fourth session, with mining stocks hit the most after an escalation in Sino-U.S. trade tensions raised concerns about the global economic growth outlook.. . .  Full story

Australian shares set to open cautiously amid China counter-threat, NZ down

05/08 Australian shares are expected to open little changed on Monday, as rising trade frictions keep investors at bay ahead of expected Chinese retaliation against a new round of U.S. tariffs. On. . .  Full story

Asian shares suffer a loss in July

02/08 Asian shares declined in July, weighed down by uncertainties over the U.S-China trade war and tempering expectations of aggressive monetary easing by major central banks this year.. . .  Full story

Australian shares fall as Trump's China tariff threat hits miners; NZ little changed

02/08 Australian shares closed at their lowest level in over a week on Friday, with mining stocks leading declines after U.S. President Donald Trump said he will slap a 10% tariff on $300 billion of. . .  Full story

Macquarie snaps up 49% of Australia's massive Cubbie Station from China's Ruyi

02/08 Australia's Macquarie Group has purchased a 49% stake in cotton farm Cubbie Station from a consortium led by Chinese conglomerate Shandong Ruyi for an undisclosed sum, the parties said in a joint statement on Friday.. . .  Full story

Australia June retail sales pick up as rate cuts cheer consumers

02/08 Australian retailers enjoyed the best month of sales in June in four months in a sign recent mortgage rate cuts and a bottoming in the country's housing prices had lifted the consumer mood.. . .  Full story

Australian shares drop as Trump tariff threat rattles miners; NZ down

02/08 Australian shares saw their worst day in more than two weeks on Friday, with China-reliant miners leading the fall, after U.S. President Donald Trump said he will slap a 10% tariff on $300 billion. . .  Full story

Australia's AGL defers two plants closures to avert blackouts

02/08 AGL Energy, Australia's biggest power producer, said on Friday it will keep two power plants open for slightly longer than previously flagged to help meet any shortfall in electricity supply over the critical summer period.. . .  Full story

Australia shares set to open lower after Trump tariff threat, NZ slips

02/08 Australian shares are set to open lower on Friday after U.S. President Donald Trump said he would impose additional tariffs on Chinese imports next month, stoking worries about further escalation of a trade war.. . .  Full story

Toyota faces Australian class action over claims of faulty diesel filters

01/08 Australian lawyers filed a class action lawsuit against Toyota Motor Corp's local unit on Thursday, claiming some models of the carmaker's top-selling vehicles Hilux, Prado and Fortuner were fitted with defective parts.. . .  Full story

Australia shares drop on disappointing Fed outlook; NZ ekes out gain

01/08 Australian shares fell on Thursday as the U.S. Federal Reserve dashed investors' hopes it would flag a series of rate cuts and the mining sector pulled down the benchmark on lower raw material prices.. . .  Full story

Australian home prices find a floor in July, outlook improves

01/08 Australia's hard-hit property markets of Sydney and Melbourne enjoyed a second straight month of gains in an early sign that rate cuts were feeding through although slow wage growth and record household debt means. . .  Full story

Australian, NZ shares slip as Fed rules out lengthy easing after rate cut

01/08 Australian shares ticked lower on Thursday, with miners leading the drop as Federal Reserve Chairman Jerome Powell appeared to rule out a lengthy policy easing cycle after the U.S. central bank made its first. . .  Full story

NZ slips, Australia shares also set to open lower after Wall Street drop

01/08 Australian shares are set to open lower on Thursday, tracking a sharp drop on Wall Street, after U.S. Federal Reserve Chairman Jerome Powell dampened expectations for further interest rate cuts. The. . .  Full story

Rising shares, falling profit have Australian investors hunting yield

01/08 Investors are hoping for generous dividend payouts as some of Australia's biggest companies look set to report profit declines this month, and will punish underperformance in a market trading at record highs, fund managers and. . .  Full story

Australia's Resolute Mining to buy Toro Gold for $274 mln

31/07 Resolute Mining Ltd said on Wednesday it would buy West Africa-focused Toro Gold Ltd in a cash and stock deal worth $274 million, as the company looks to expand production amid a run of. . .  Full story

Australian shares fall, weighed by lenders, builders; NZ slips

31/07 Australian shares fell on Wednesday, led by losses in financial and construction firms, as investors booked profits a day after the index hit a record high.. . .  Full story

Australia Q2 inflation beats f'cast, rate cut still in play

31/07 Australian consumer prices rose faster than expected in the second quarter but core inflation stayed below the central bank's target band, keeping alive expectations for a cut in a policy interest rate already at. . .  Full story

Australian shares ease as banks, builders sag; NZ hits new peak

31/07 Australian shares slipped on Wednesday, with banks and construction stocks dominating the losses, as investors booked profits after the benchmark closed at an all-time high in the previous session.. . .  Full story

Australia's Origin Energy says APLNG cash beats forecasts on firm oil prices

31/07 Origin Energy on Wednesday said total cash from its stake in Australia Pacific LNG (APLNG) more than doubled during the year and beat its own forecast, helped by higher oil prices.. . .  Full story

Australia shares set to open lower, tracking U.S. stocks; NZ inches up

31/07 Australian shares are poised to open lower on Wednesday, tracking losses on Wall Street after U.S. President Donald Trump warned Beijing against waiting out his first term to finalise any trade deal.. . .  Full story

South African bourse CEO to retire after eight years at the helm

30/07 The chief executive of Johannesburg Stock Exchange (JSE) will retire at the end of September after a transformative eight years at the helm of Africa's biggest securities exchange, the bourse said on Tuesday.. . .  Full story

Australian shares hit record high on red hot iron ore prices; NZ up

30/07 Australian shares rode broad-based gains to a record peak on Tuesday, scaling past levels last seen before the global financial crisis as higher commodities powered miners.. . .  Full story

Australia's Westpac warns tighter lending rules will harm economy

30/07 A push by Australian regulators to tighten lending rules risks slowing down Australia's sluggish economy even further, the chief executive of Westpac Banking Corp said on Tuesday.. . .  Full story

Miner Lithium Australia furthers battery push with Chinese partner, shares jump

30/07 Lithium Australia NL said on Tuesday it had signed a deal with Chinese joint venture partner DLG Battery Co Ltd, to sell a range of lithium-ion batteries in the domestic market, sending its shares. . .  Full story

Australian shares hit record high on mining gains, NZ also at peak

30/07 Broad-based gains propelled Australian shares to a record high on Tuesday, with higher commodities prices driving investors heavily into the country's resource sector.. . .  Full story

Australia shares set to open higher ahead of Fed meeting, NZ gains

30/07 Australian shares were poised to open higher on Tuesday, with miners likely to boost the index after iron ore prices ticked higher for a third consecutive session. Focus will be. . .  Full story

Australia ratifies maritime boundaries with East Timor

29/07 Australia passed a legislation that sets down maritime boundaries with East Timor on Monday, providing a framework for the two countries to split revenue from the offshore Greater Sunrise natural gas field.. . .  Full story

Australian shares end near record high on tech gains; NZ up

29/07 Australian shares closed near their best levels on Monday, with tech stocks being the top performers after U.S. peers led a rally on Wall Street.. . .  Full story

Australian IFM Investors gets deluge of inflows as listed rivals hemorrhage clients

29/07 Australia's IFM Investors grew funds under management by almost a third in the year to June 30, the country's second-largest infrastructure investor said on Monday, as rivals such as AMP Ltd are losing clients. . .  Full story

Australian shares near all-time high on tech gains; NZ up

29/07 Australian shares neared a record peak on Monday, with technology stocks dominating the gains after U.S. peers pushed the Nasdaq and S&P 500 to all-time highs.. . .  Full story

Australia shares set to start week higher; NZ gains

29/07 Australian shares were set to open higher on Monday, tracking Wall Street indexes which rose to record highs after robust earnings from Alphabet and Starbucks. The upbeat earnings sent the. . .  Full story

Australia's home auction clearance rates stay firm

28/07 Australia's housing market has shown further signs of recovery, with the real estate industry experiencing improved auction demand at weekend auctions, although the number of properties listed for sale remains low.. . .  Full story

Australia's NAB says 13,000 customers' personal data breached

26/07 National Australia Bank Ltd said 13,000 customers are being contacted after a data breach where personal data was uploaded without permission to two data service companies.. . .  Full story

Australia, NZ shares slip as ECB puts off rate cut

26/07 Australian shares declined on Friday, weighed down by financials and tech stocks, after the European Central Bank held off cutting interest rates raising some concerns about next week's U.S. Federal Reserve rate decision.. . .  Full story

Australia, NZ shares retreat as ECB holds rates steady

26/07 Australian shares fell on Friday after three straight sessions of gains, with declines led by tech stocks and financials as investors registered disappointment with European Central Bank putting off an interest rate cut until probably. . .  Full story

Australia shares set to open lower; New Zealand down

26/07 Australian shares are expected to fall at the open on Friday, tracking Wall Street lower after a string of weak earnings results and as the European Central Bank chief's comments on an upbeat economy. . .  Full story

ANZ accused of billing 460,000 customers for moving money between accounts

25/07 The Australian corporate regulator filed suit against the country's third-largest bank on Thursday, accusing it of knowingly breaking the law by charging customers fees to transfer money between their accounts for more than a decade.. . .  Full story

-Australia's Macquarie to disband asset finance unit, bank's one-time profit-driver

25/07 Australia's Macquarie Group Ltd on Thursday announced plans to dismantle its shrinking financing unit, Capital and Asset Finance (CAF), once a key driver of profitability, as it confirmed guidance for a slightly lower profit in. . .  Full story

Australia shares climb towards record high on rate cut hopes; NZ up

25/07 Australian shares edged towards a record high on Thursday as anticipation of global interest rate cuts buoyed financial and healthcare stocks, but heavy declines in miners limited gains.. . .  Full story

Australia's cenbank gov signals lower rates for longer, bond yields dive

25/07 Australia's top central banker flagged low interest rates for an "extended period" on Thursday, driving bond yields to record lows, in a dovish signal that analysts say marks a major shift in the bank's. . .  Full story

'Not inflation nutters' Australia c.bank gov says amid calls to review target

25/07 Australia's central bank was "strongly committed" to returning inflation to the target range, Governor Philip Lowe said on Thursday as the country's government considers a review of the monetary policy framework.. . .  Full story

Australian shares gain on prospects for global rate cuts; NZ up

25/07 Australian shares rose on Thursday, with the benchmark index nearing a 12-year high and the sub-index for financial stocks at its highest since March 2018 as investors expected imminent interest rate cuts in. . .  Full story

Australia's Newcrest Mining Q4 gold output rises, Cadia mine hits record

25/07 Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the fourth quarter, boosted by record gold production at its flagship Cadia mine.. . .  Full story