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Australasia

How a powerful inquiry upended one of Australia's grandest companies

00h59 One of Australia's oldest financial institutions, AMP Ltd, spent years building the country's largest network of financial advisers to recommend its products, and well over a century polishing its brand.. . .  Full story

Australian shares poised to fall on global sell-off; NZ steady

00h13 Australian shares are expected to fall on Friday, tracking losses in stocks markets across the globe, with investors flocking to safer assets as trade war worries linger. Wall Street fell. . .  Full story

Australian shares rise on banks and materials; NZ jumps

21/06 Australian shares rose on Thursday with financials and materials stocks leading the gains, as a weaker local currency increased foreign interest in the market and boosted export-focused firms.. . .  Full story

Australia $106-bln income tax cuts seen boosting PM re-election bid

21/06 Australia passed a A$144 billion ($106 billion) package of income tax cuts on Thursday after right-wing leader Pauline Hanson backed the legislation, potentially boosting the re-election prospects of the centre-right government.. . .  Full story

Australia shares jump on banks, material firms; NZ at record

21/06 Australian shares rose across the board on Thursday, underpinned by a weaker currency, with banks and materials leading gains.. . .  Full story

Australia's Atlas Iron backs Rinehart's $287 mln Hancock bid

21/06 Atlas Iron on Thursday recommended a A$390 million ($287 million) bid from Australian billionaire Gina Rinehart's Hancock Prospecting after rival suitor Mineral Resources pulled out of the race for the small iron ore miner.. . .  Full story

Australia shares to open modestly higher on Nasdaq gains; NZ up

21/06 Australian shares are set to open slightly higher on Thursday, tracking improving sentiment on Wall Street as large-cap tech and consumer discretionary stocks helped lift the Nasdaq to a record close.. . .  Full story

Australian shares hit highest since January 2008, led by banks; NZ up

20/06 Australian shares closed at their highest level in nearly 10-1/2 years, driven by a rally in banks, but a fall for Telstra after it flagged major job cuts and asset sales in a "strategic. . .  Full story

Thomson Reuters/INSEAD Asian Business Sentiment Survey 2018 Q2

20/06 Business confidence among Asian companies slipped for the first time in three quarters, a Thomson Reuters/INSEAD survey showed, on mounting worries U.S. protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system.. . .  Full story

Asia business sentiment slips from 7-year high on trade worries - Thomson Reuters/INSEAD

20/06 Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that U.S. President Donald Trump's protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system.. . .  Full story

MONTH OUTLOOK

20/06 . . .  Full story

Australian shares hit 10-year high as banks rally; NZ rises

20/06 Australian shares climbed to their highest in more than 10 years on Wednesday, led by a rally in banks, but Telstra's fall after it flagged major job cuts and asset sales in a. . .  Full story

Australia's CBA says court approves settlement of money-laundering charges

20/06 Commonwealth Bank of Australia on Wednesday said the Federal Court had approved a settlement agreement to civil proceedings related to money laundering charges, closing a chapter that has cost the bank A$700 million ($518 million). . .  Full story

Australia's Westpac to forgo all conflicted product commissions

20/06 Australia's second-biggest lender, Westpac Banking Corp, said on Wednesday it would stop paying its staff commission for selling its own products, a practice at risk of being banned following a banking inquiry.. . .  Full story

Weaker Aussie dollar set to help Australian shares open higher; NZ down

20/06 Australian shares are expected to climb on Wednesday, amid rising trade tensions jolting global markets, as the weakness in the Aussie dollar could prop up healthcare stocks. The. . .  Full story

Chinese envoy calls on Australia to shed "Cold War mentality"

19/06 The Chinese ambassador to Australia on Tuesday accused it of harbouring a Cold War mentality and said "less bias and bigotry" was needed to repair strained relations between the two nations.. . .  Full story

POLL-Asian business sentiment edges up to hit 7-year high - Thomson Reuters/INSEAD

19/06 Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as a fresh surge by the Chinese economy offset concerns about rising. . .  Full story

Australian shares firm, led by health care and energy stocks; NZ down

19/06 Australian shares rose on Tuesday as health care and energy stocks were boosted by a weaker local currency and an overnight jump in oil prices, while a rally in Macquarie Group boosted financials.. . .  Full story

Ex-Japan Asian shares hit 4-month low as Sino-U.S. trade tensions escalate

19/06 MSCI's broadest index of Asia-Pacific shares outside Japan hit its lowest levels since February on Tuesday, falling almost one percent amid an escalating trade dispute between the United States and China.. . .  Full story

New Zealand softens ban on foreigners' home ownership in amended bill

19/06 New Zealand's government on Tuesday softened its stance on foreign ownership of homes, rewriting a proposed law banning non-residents from investing in housing.. . .  Full story

Insurance Australia to sell Thai, Indonesia units to Tokio Marine for $389.7 mln

19/06 Insurance Australia Group said on Tuesday it would sell its Thai and Indonesian operations to Japanese insurer Tokio Marine Holdings for A$525 million (43.08 billion yen)($389.71 million).. . .  Full story

Australian shares poised to rise on energy gains, NZ down

19/06 Australian shares are expected to rise on Tuesday with energy stocks set to gain as oil prices climb ahead of Friday's key OPEC meeting. Brent crude. . .  Full story

Gina Rinehart's $290 mln bid heats up Atlas Iron tussle

18/06 Australian billionaire Gina Rinehart's Hancock Prospecting lodged a A$390 million ($290 million) bid for Atlas Iron Ltd on Monday, potentially setting off a three-way struggle for the small iron ore miner.. . .  Full story

Australian shares edge up, led by banks and real estate stocks; NZ flat

18/06 Australian shares finished slightly higher on Monday as gains in financials and real estate stocks outweighed a fall in materials stocks on lower commodities prices.. . .  Full story

Aussie shares dip, weighed by materials, energy; NZ also lower

18/06 Australian shares edged lower on Monday as falling prices of commodities and crude oil weighed on materials and energy stocks, offsetting gains in financials and health care.. . .  Full story

Australian shares set for subdued open as Sino-U.S. trade tensions rise; NZ down

18/06 Australian shares are likely to see a tepid start to the week, as global sentiment sours following U.S. President Donald Trump's decision to impose new tariffs on Chinese goods. Trump announced. . .  Full story

Australian regulator sues Westpac for staffer's poor financial advice

15/06 An Australian regulator filed a lawsuit against No. 2 lender Westpac Banking Corp over a financial planner it alleges gave poor advice for years, upping its scrutiny of a sector already under fire amid. . .  Full story

Australian shares end higher, banks lead; NZ at record

15/06 Banks led Australian shares to a higher finish on Friday, as a mixed policy outlook from the European Central Bank and the U.S. dollar's resulting strength sent equities on a roll.. . .  Full story

Indian monsoon seen slowing after strong start-forecaster

15/06 India's monsoons, which hit the southern coast late last month, are expected to make slow progress over the next two weeks and delay the onset of crucial rains over north-western parts of the country,. . .  Full story

Banks lead Australia shares higher, NZ at record

15/06 Australian shares rose on Friday, led by banks and mining companies, as a cautious European Central bank policy decision pushed the U.S. dollar higher against other currencies.. . .  Full story

Australian shares set to open higher as ECB holds rates, NZ steady

15/06 Australian shares were expected to rise on Friday, tracking gains on Wall Street after the European Central Bank issued a dovish interest rate outlook. The ECB's comments painted a mixed. . .  Full story

Australian shares slip; investor focus shifted to ECB, BOJ

14/06 Australian shares closed slightly lower on Thursday, dragged by banks while telecom stocks held the fort after Australia kept Chinese telecom giant Huawei Technologies Co Ltd out of internet cabling for the Solomon Islands.. . .  Full story

Australian shares mark time before ECB, BOJ meetings; NZ at record

14/06 Australian shares inched lower on Thursday with declining bank stocks offsetting upbeat material ones, as focus shifted from the U.S. Federal Reserve's rate rise to other policy decisions due in the next day.. . .  Full story

Australia May jobs growth misses expectations as full-time employment falls

14/06 Australian employment rose by less-than-expected in May with gains led wholly by part-time work while the jobless rate ticked down to its lowest since November, a mixed outcome that points to tepid wages growth.. . .  Full story

Australian shares point to slightly lower start as Fed hikes rates, NZ down

14/06 Australian shares are likely to see a tepid open on Thursday, following the Federal Reserve's decision to raise rates while signalling two possible further hikes this year. The Fed's widely. . .  Full story