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10h32 Australia said on Thursday that
it cancelled two accords between Victoria state and China on the
Belt and Road Initiative because they were out of line with the
federal government's foreign policy, which sees. . .
09h20 Australian shares closed higher on
Thursday, joining a rebound in global equities as gold and
healthcare stocks advanced, while AGL Energy hit a record low
after its chief executive officer resigned.. . .
06h53 Australia will spend A$565.8
million ($436.5 million) to co-fund research and pilot projects
in green technologies, Prime Minister Scott Morrison said on
Thursday, as Canberra seeks to illustrate its commitment to
reducing carbon emissions.. . .
05h12 Australia's prudential
regulator unveiled long-awaited guidance for banks, insurers and
pension funds on managing and disclosing climate-related risks,
including physical, transition and liability exposures.. . .
03h07 The boss of AGL Energy
resigned suddenly on Thursday, just two-and-a-half
years into the role and less than a month after Australia's top
power producer and retailer announced plans to split into two.. . .
21/04 AMP Ltd said on Thursday
assets under management at its Australian wealth management
business increased by A$1.6 billion ($1.24 billion) in the first
quarter on better market conditions and lower outflows from
pension fund mandates.. . .
21/04 Australia on Wednesday
cancelled two deals struck by its state of Victoria with China
on Beijing's flagship Belt and Road Initiative, prompting the
Chinese embassy in Canberra to warn that already tense bilateral
ties were. . .
21/04 Australian shares on Wednesday recorded
their worst session in nearly two months, with travel stocks
declining significantly, as investors refrained from placing big
bets on concerns over a global spike in COVID-19 infections.. . .
21/04 Japan Post Holdings Co Ltd
said on Wednesday it would book a 67.4 billion yen
($623.8 million) one-off loss in the financial year ended March
on the partial sale of Toll Holdings, its money-losing
Australian. . .
21/04 Australia's Pilbara Minerals
on Wednesday reported record spodumene concentrate production in
its third quarter and forecast higher shipments for the current
quarter, as demand for the raw material used in electric-vehicle
batteries soars.. . .
21/04 Australia lithium miner
Pilbara Minerals said on Wednesday that lithium
concentrate spodumene was in "relatively short supply" as
enquiries for the raw material used in electric vehicle
batteries rise.. . .
21/04 Australian stocks fell a percent on
Wednesday, extending losses into a second straight session, as
travel stocks dropped after a new COVID-19 case in New Zealand
sparked worries of a pause in the trans-Tasman. . .
21/04 New Zealand's consumer price
index (CPI) outpaced expectations in the first quarter, led by
transport and housing prices, though economists said the rise
was not yet enough for the central bank to consider raising
interest. . .
21/04 Australian shares are expected to open
lower on Wednesday, extending losses from the previous session,
as Wall Street slipped and oil prices dipped overnight on
concerns of a global spike in coronavirus cases.. . .
20/04 Japan Post Holdings Co
has decided to sell part of its Australian logistics arm Toll
Holdings to an investment fund and booked a one-off loss of 70
billion yen ($645 million), the Nikkei newspaper. . .
20/04 Australian shares snapped a five-day
rally on Tuesday as tech stocks tracked an overnight decline in
U.S. markets, and earnings-driven losses in fund manager
Challenger and rare earths miner Lynas weighed.. . .
20/04 The Australian economy will
grow this year at its fastest pace since 2007, driven by massive
stimulus and as the country has largely been able to contain the
transmission of the novel coronavirus unlike. . .
19/04 Australian shares closed flat on Monday
as losses among energy and technology sectors erased an early
mining boost, while tourism-related stocks found some respite as
a travel bubble between Australia and New Zealand kicked. . .
19/04 Australian lithium miner
Orocobre Ltd is buying smaller domestic peer Galaxy
Resources for $1.4 billion to create the world's fifth
most valuable producer of the key raw material for electric
vehicle batteries.. . .
19/04 Australian investment manager Centuria
Capital Group said on Monday it would buy Primewest
Group in a stock and cash deal that values the property
fund manager at A$598.8 million ($462.51 million).. . .
19/04 Australian shares are expected to open
higher on Monday and are on track to approach record levels,
after positive corporate earnings and upbeat economic data sent
Wall Street to fresh peaks on Friday.. . .
16/04 Australian-listed lithium
miners are preparing for better times ahead, filings showed this
week, as they outlined expansion plans in the wake of soaring
prices for the raw material used in electric vehicle batteries.. . .
16/04 Australian shares closed near 14-month
highs on Friday as upbeat economic data from the United States
and record first-quarter economic growth in the country's
largest trading partner China supported hopes of a global
economic recovery.. . .
15/04 Investors in Australia's top
two independent oil and gas producers on Thursday rejected an
activist group's push to get the companies to spell out plans to
wind down their operations to help curb global. . .
15/04 Commonwealth Bank of Australia
(CBA), the country's largest lender, said growth in its
home loan book this year should boost the company's mortgage
profit in the order of 3%, Chief Executive Officer Matt Comyn
said. . .
15/04 Shares in New Zealand's Tilt Renewables
Ltd were halted on Thursday as the wind farm operator
held talks for a better takeover offer than the NZ$2.9 billion
($2.07 billion) deal it agreed to last. . .
15/04 Australian job creation far
outstripped forecasts in March as unemployment dropped to a
one-year low and the number of people in work surpassed its
pre-pandemic peak, a big positive for consumer spending and
confidence.. . .
15/04 Australian shares are set to fall on
Thursday with investors likely to take a cautious stance
following mixed cues on Wall Street, with weak iron ore and gold
prices expected to weigh on miners.. . .
14/04 Indonesia has raised its 2021
coal output target to 625 million tonnes, up from 550 million
tonnes previously, according to a Energy and Mineral Resources
Ministry regulation reviewed on Wednesday.. . .
14/04 Australian shares climbed to a 13-month
peak on Wednesday, led by gains in gold stocks and technology
firms, while New Zealand's benchmark bourse hit a near two-month
high after the central bank left interest. . .
14/04 New Zealand said on
Wednesday it will stop the export of livestock by sea following
a transition period of up to two years, citing animal welfare
concerns for a decision that will affect major. . .
14/04 A measure of Australian
consumer sentiment surged to an 11-year peak in April as
strength in family finances and optimism on the economy easily
outweighed an unwelcome faltering in the roll out of COVID-19
vaccines.. . .
13/04 Australian shares surrendered early
gains in a choppy session to end flat on Tuesday as investors
awaited inflation data from the United States before making
further bets, with energy and mining firms cancelling out. . .
13/04 China's imports of major commodities
rose strongly in March from the year ago, data from the General
Administration of Customs showed on Tuesday, as the world's
second-biggest economy marched ahead post-COVID-19.. . .
12/04 Australian shares closed lower on
Monday, weighed down by travel and mining stocks, after the
federal government abandoned its COVID-19 vaccination targets
following a shift in stance over AstraZeneca's shot last
week.. . .
12/04 Australian shares fell on Monday after
marking their best week since the week ended Feb. 5, as the
country dropped its COVID-19 vaccination targets over the
weekend after a policy shift on AstraZeneca's shot.. . .
09/04 Australian shares ended lower on Friday,
as the country joined a host of others in restricting the use of
AstraZeneca's COVID-19 vaccine and began overhauling its
inoculation plans, though the index still delivered its. . .
09/04 Analysts continue to lift Asian
companies' forward-12 month earnings on optimism over economic
recovery, although last month's upgrades were the smallest in
nine months, hit by worries over a surge in coronavirus
infections in some. . .
09/04 Australian shares dipped on Friday,
losing steam after a five-day winning streak, as setbacks to the
nation's COVID-19 vaccine rollout plans weighed on healthcare
stocks, while weak iron ore prices pressured miners.. . .
08/04 Australian gas producer Santos
has hired Goldman Sachs to sell a 20%-30% stake in its
Dorado oil project and Bedout exploration portfolio offshore
western Australia, according to a sales document seen by Reuters
and confirmed. . .
08/04 Australia's corporate regulator said on
Thursday it had filed a civil lawsuit against Westpac Banking
Corp, alleging the country's second-largest lender sold
consumer credit insurance to customers who had not agreed to buy
it.. . .
07/04 Australian gas producer Santos
has hired Goldman Sachs to sell a 20%-30% stake in its
Dorado oil project and Bedout exploration portfolio offshore
western Australia, according to a sales document seen by
Reuters.. . .
07/04 The Indian rupee plunged to
its lowest level in more than four months on Wednesday after the
central bank held rates, while Asia's other emerging currencies
gained as U.S. bond yields continued to retreat. . .
07/04 An Australian court fined top lender
Commonwealth Bank of Australia A$7 million ($5.36
million) for overcharging interest in a case stemming from a
gruelling financial sector inquiry, the country's securities
regulator said on Wednesday.. . .
07/04 Australian shares on Wednesday extended
gains for a fourth session, driven by commodity-exposed stocks
on firm crude and metals prices and as investors placed bets on
improving prospects for a global economic recovery.. . .
06/04 Australia's superannuation
funds should be free to support the coal industry's expansion
plans, resources minister Keith Pitt said on Tuesday, as a
battle heats up over new mines in the key Hunter Valley mining
region. . .
06/04 Australia shares ended higher on
Tuesday, bolstered by travel stocks after the announcement of a
travel bubble between the country and New Zealand, while tech
heavyweights jumped to their highest in a month tracking. . .
06/04 Australia's central bank left
interest rates at an all-time low on Tuesday in a widely
expected decision but cautioned it would "carefully" monitor
trends in property debt as the housing market boomed.. . .
06/04 Australian shares climbed on Tuesday as
trading resumed after a long weekend, with market sentiment
bolstered by Wall Street's strong finish overnight, while
investors waited for a policy meeting of the country's central
bank due. . .
06/04 Australian job advertisements
surged to their highest in 12 years in March, a promising sign
the labour market's blistering recovery can withstand the
removal of some of the government's emergency support
programmes.. . .
01/04 There will be no Australia and New
Zealand stock market report on Friday, April 2, and Monday,
April 5, as markets in both countries will be closed for Good
Friday and Easter Monday holidays.. . .
01/04 Australian shares rose on Thursday,
tracking an overnight Wall Street rally that was driven by tech
stocks and as U.S. President Joe Biden's multi-trillion-dollar
infrastructure investment plan lifted investor sentiment
globally.. . .
01/04 Australia's prudential regulator
on Thursday ordered Macquarie Group Ltd's banking unit
to increase its cash reserves following material breaches of
prudential standards that it said raised serious concerns about
the lender's risk controls.. . .
01/04 -- Source link: https://bit.ly/2Pn9I3f
-- Businesses in China are looking at alternative import sources
of wool to reduce dependency on Australian shipments, after the
souring of bilateral trade between the two countries and
pandemic induced. . .
31/03 South African energy
start-up Sun Exchange raised $1.4 million in a crowd sale of
solar cells of a 1.9 megawatt (MW) solar and battery storage
facility at Zimbabwe's Nhimbe Fresh farm, the firm said. . .
31/03 Papua New Guinea's Ok Tedi Mining Ltd's
copper mining operations will resume from Thursday, the company
said on Wednesday, after they were suspended for two weeks due
to a surge in COVID-19 cases at. . .
31/03 Australian shares ended higher on
Wednesday, capping their best month since last November, lifted
by strong factory data from the country's top trade partner
China and as investors adjusted their holdings for some
month-end "window. . .
30/03 The Reserve Bank of New Zealand said on
Wednesday it was easing dividend restrictions placed on lenders
at the height of the COVID-19 pandemic following a
stronger-than-expected rebound in the economy.. . .
30/03 Australia's top power
producer and energy retailer AGL Energy on Tuesday
unveiled a plan to split into a bulk power generator and a
retail business, in a bid to revive its battered shares and. . .
30/03 Australian shares fell on Tuesday, with
mining and energy stocks weighing the most, while investors were
cautious about placing big bets as more COVID-19 cases were
reported in Queensland after the state capital Brisbane. . .
30/03 A La Nina weather event has
subsided, Australia's weather bureau said on Tuesday, ending a
six-month spell of greater rainfall and cooler than average
temperatures across the country's east coast.. . .
30/03 Australia's securities
regulator searched the offices of coal miner TerraCom Ltd
with assistance from Queensland state police, as part
of a probe into the inflation of coal quality for exports, the
miner confirmed on Tuesday.. . .
30/03 Australia's banking regulator
on Monday said it was too early to introduce macroprudential
controls to cool house prices, which last month soared at their
fastest pace in almost two decades.. . .
29/03 Australia's securities
regulator searched the offices of coal miner TerraCom Ltd
on Monday with assistance from Queensland state police,
according to a report in the Australian Financial Review.. . .
29/03 Treasury Wine Estates Ltd, the
world's largest standalone winemaker, said on Monday that
Beijing had imposed a final combined 175.6% anti-dumping and
countervailing duty rate on its Australian wine imports into
China, its biggest market.. . .
29/03 Australian shares edged up on Monday,
as higher commodity prices lifted miners and energy stocks on
worries that global supplies of crude and refined products could
be disrupted for weeks as workers try to. . .
29/03 Australia expects to log a
record A$136 billion ($103.85 billion) from iron ore exports
this financial year, as global steel-making recovers after a
COVID-19 led downturn, a government report showed on Monday.. . .
28/03 Australia's Treasury Wine Estates Ltd
said on Monday it would face an anti-dumping and
countervailing duty rate of 175.6% for its Australian
country-of-origin wine in China, after an investigation by that
country's Ministry of Commerce.
(Reporting. . .
28/03 Australian shares were poised to open
higher on Monday, tracking a strong session on Wall Street ahead
of the weekend, while firmer commodity prices are likely to
boost oil and gas companies and mining. . .
28/03 Plans by billionaire Andrew
Forrest to have a liquefied natural gas (LNG) terminal ready by
2022 means Australia won't suffer a supply shortfall until 2026,
two years later than previously forecast, the energy market
operator. . .
26/03 China's top copper
smelters on Friday set no floor for treatment and refining
charges (TC/RCs) in the second quarter, arguing they have enough
concentrate in stock as a wave of maintenance gets under way,
three. . .
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