05h04 Australia's corporate regulator
said on Tuesday that a review had found the way in which the
country's four largest banks and largest listed wealth manager
reported and remediated breaches of the law was "unacceptable".. . .
24/09 Australian shares weakened on Monday as
lower commodities prices weighed on materials stocks and banks
and insurers slipped following findings by a high-profile probe
into the financial sector.. . .
24/09 New Zealand's central bank
is all but certain to hold rates steady and reinforce its dovish
stance on policy on Thursday, remaining wary of stubbornly low
inflation and the risks of an economic slowdown.. . .
21/09 Australian shares were expected to open
higher on Friday, mirroring overnight gains on Wall Street,
which rose as tensions over ongoing U.S.-China trade dispute
However, Aussie energy stocks were. . .
20/09 China's steel scrap
supply is expected to tighten during winter when production
curbs are in place as part of Beijing's campaign to fight
pollution, a senior official at the country's metal scrap
organisation said on. . .
20/09 Australian shares slipped on Thursday,
led lower by banks and consumer staples with some investors
looking to shift funds to emerging markets as they became less
worried about the U.S.-China trade war.. . .
20/09 Australia on Thursday increased
the jail term to 15 years for anyone convicted of contaminating
foodstuffs as a scare over needles found in strawberries and
other fruits gripped the country.. . .
20/09 Australia's Commonwealth Bank
said on Thursday the head of its funds management
business Colonial First State Global Asset Management (CFSGAM)
will leave the firm, ahead of the unit's planned separation and
listing next year.. . .
20/09 Australian shares dipped on Thursday,
pulled lower by banks and consumer staples as some investors
appeared to shift funds to emerging markets as they felt less
worried about the U.S.-China trade war.. . .
20/09 Australia's corporate watchdog
said on Thursday it was stepping up scrutiny on "misleading"
initial coin offerings (ICOs)targeted at retail investors while
adding it has already acted against several such proposals.. . .
19/09 Confidence among Asian
companies slumped to the weakest in almost three years in the
third quarter as businesses feared blowback from a worsening
global trade war, a Thomson Reuters/INSEAD survey showed.. . .
18/09 Australian police said on
Tuesday they are investigating reports of dozens of cases of
needles embedded in strawberries and other fruits, and warned
that those responsible could be jailed for 10 years.. . .
17/09 Shares in Australia's largest
listed aged-care operators plunged to record lows on Monday
after the government said it would set up a powerful public
inquiry to investigate abuse and mistreatment in the sector.. . .
17/09 Pacific Island states only have
themselves to blame if they fall into debt problems and
criticism of China's surging lending in the region by rival
powers has been patronising, Samoa's Prime Minister said on
Thursday.. . .
17/09 Widespread frost has dented
hopes that wheat growing areas in Australia's west could provide
a much needed boost to output, analysts and traders said on
Monday, further tightening supplies amid a prolonged drought.. . .
17/09 Australian shares were unchanged on
Monday as health care stocks were pummelled by the news of a
public inquiry into the country's aged-care sector, though gains
in financials limited the losses.. . .
17/09 Australian shares are set to open flat
on Monday, in line with Wall Street, which ended little changed
on Friday over concerns about the possible escalation of
Sino-U.S. trade tensions.
U.S.. . .
15/09 The Australian state of
Queensland on Saturday offered a A$100,000 ($71,500) reward for
information leading to the arrest of those responsible for
sabotaging strawberries with sewing needles.. . .
14/09 Australian bounced on Friday as
investors took the opportunity to buy cheapened stocks amid an
improvement in global sentiment, while higher commodity prices
bolstered demand for materials, especially miners.. . .
13/09 Australian shares fell n Thursday as
banks and insurers were pummelled by damaging testimony of a
powerful inquiry, though gains in miners on a recovery in
commodity prices capped the losses.. . .
13/09 Australian shares fell on Thursday as
financials were whipped by the explosive revelations of a high
profile inquiry, though gains in materials on a recovery in
commodity prices capped the losses.. . .
13/09 Australian shares are expected to edge
lower on Thursday as financial stocks bear the brunt of an
ongoing inquiry into the sector, while mining stocks are
expected to be hurt by weaker commodity prices.. . .
12/09 Australian shares eased marginally on
Wednesday, unable to followthrough on the previous day's
recovery as financials took another hit and mining stocks
slumped on the back of falling commodities prices.. . .
12/09 Hong Kong's CK Infrastructure
Holdings Ltd won approval on Wednesday from
Australia's competition watchdog for a A$12.98 billion ($9.2
billion) takeover of gas pipeline operator APA Group,
but still needs clearance from the government.. . .
11/09 A law firm said on Tuesday it
would file class-action lawsuits against Australia's biggest
bank and wealth manager seeking "very substantial" damages for
allegedly cheating millions of retirees.. . .
11/09 An index of Australian business
conditions rebounded in August as firms reported improved sales
and profits, though confidence softened perhaps in reaction to
political uncertainty as the country's prime minister fell to a
party vote.. . .
11/09 Japan's beer and beverage maker
Kirin Holdings Co Ltd said on Tuesday it has started a
strategic review of its Australian Lion-Dairy and Drinks unit,
looking at a possible sale among its options.. . .
11/09 Australian law firm Slater &
Gordon Ltd on Tuesday said it was preparing to sue
major banks and wealth managers for charging excessive fees and
paying below-market rates on cash holdings on retirement savings
accounts.. . .
11/09 Australia lowered its wheat
forecast by nearly 13 percent on Tuesday as a crippling drought
across the country's east coast has cut output from the world's
fourth-largest exporter to a 10-year low.. . .
11/09 Australian shares are expected to open
little changed on Tuesday as a two-week inquiry into the
country's financial sector continues, while global trade
tensions keep investors cautious.
The Royal Commission into. . .
10/09 National Australia Bank
said on Monday it will not lift its variable mortgage rate as it
tries to win public support following revelations of misconduct,
and despite its three larger rivals hiking their own. . .
09/09 When Australia's deadliest
cyclone in a quarter century ripped through the country's
northeast, it blew out the windows of power technician Luke
Read's house and flooded it, damaging walls and making his
family sick from. . .
06/09 One of the
standout commodity performers this year has been thermal coal,
but not all coal is created equal and disparities in pricing may
help explain why India's imports have stayed strong despite the
higher. . .
06/09 Two of Australia's
biggest banks, Commonwealth Bank of Australia and
Australia and New Zealand Banking Group, raised
mortgage rates citing higher funding costs, cutting chances of
an official rate hike and risking a political backlash.. . .
06/09 Australian shares were set to extend
losses on Thursday, tracking declines in global peers as
investors positioned themselves more defensively in the midst of
U.S. trade disputes with China.
Local energy. . .
05/09 Australia's economy sped past all
expectations last quarter as rapid population growth fuelled
demand for homes and infrastructure, yet there was little sign
of wage or price pressures that would warrant a rise in. . .
05/09 When Nick Wailes started as the
head of Australia's top-ranked business graduate school in
February, he already had the idea of offering a course to
address a shortfall of training in ethical leadership.. . .
04/09 Australia's top central banker
played down recent increases in mortgage rates by domestic
lenders but highlighted global risks to growth including a
possible escalation of trade disputes and economic strains in
emerging markets.. . .
04/09 Australian shares fell on Tuesday, as
reports of fresh investigations into financial institutions kept
investors on edge, while overall sentiment was dampened by the
threat of a further escalation in the Sino-U.S. trade dispute.. . .
04/09 Australia's central bank entered
its third year of policy stability on Tuesday, and a change
seems no nearer even as its commercial cousins nudge up their
home loan rates to protect profit margins.. . .
04/09 An Australian not-for-profit fund
said on Tuesday it will return millions of dollars in fees to
investors globally to differentiate itself from for-profit
rivals, as the country's financial sector reels from revelations
of misconduct.. . .
04/09 Australian shares dropped on Tuesday on
festering concerns over escalating global trade frictions, while
financial stocks came under renewed pressure over reports of
fresh investigations into the sector.. . .
04/09 Australian government spending on
operational items rose 1 percent in the June quarter from the
previous quarter to an inflation-adjusted A$85.57 billion
($61.61 billion), the Australian Bureau of Statistics reported
on Tuesday.. . .
04/09 Dai-ichi Life Holdings Inc
said on Tuesday it would buy Suncorp Life, an
Australian life insurance unit of Suncorp Group Ltd,
for A$640 million ($460 million), in the latest overseas
expansion for a Japanese insurer. . .
03/09 Asian stocks slipped in August, dragged
down by the trade dispute between China and the United States,
while the plunge in the Turkish lira prompted some investors to
sell emerging market assets.. . .
03/09 Australian retail sales fizzled
out in July while nationwide home prices fell again in August
and a measure of job advertisement eased, suggesting a further
dent in consumer confidence and spending.. . .
03/09 Australian home prices slipped
for the 11th straight month in August as losses in Melbourne
accelerated while Sydney remained weak, data showed on Monday, a
trend that could worsen given upward pressure on mortgage. . .
31/08 The leaders of
Indonesia and Australia on Friday concluded talks on an economic
partnership to boost trade in areas ranging from cars to cattle,
as well as relaxing controls on investing in services such. . .
31/08 Australia's central bank will
likely extend its record stretch of stable rates well into next
year, a Reuters poll of 42 economists found on Friday, with a
25-basis-point hike not expected before end-2019.. . .
31/08 Australia's prime minister called
for greater investment and engagement with Indonesia on Friday,
ahead of talks with his Indonesian counterpart on a free trade
deal that could be signed later this year.. . .
30/08 The Australian central bank said
on Thursday an internal power failure caused by maintenance of
its fire control systems interrupted its Sydney data centre and
affected its ability to process some payments. . .
30/08 An Australian regulator said it
wants to ban life insurers from outbound telephone sales that
pressure customers into buying unwanted policies, giving a peek
at practices to be scrutinised next month at a powerful. . .
30/08 Australia's competition regulator cleared
on Thursday a bid led by Transurban Group for a
controlling stake in Sydney's A$16 billion ($11.66 billion)
WestConnex toll-road project after the company pledged to
publish key traffic data.. . .
30/08 Australian business investment
took a surprising fall last quarter as miners wrapped up work on
some major projects, though a sizable upgrade to spending plans
for the year ahead suggested the pullback was. . .
29/08 The leaders of Indonesia and
Australia hope to announce on Friday the completion of
negotiations on an economic partnership pact aimed at boosting
trade between the neighbours, foreign ministry officials said.. . .
29/08 Australia's Westpac Banking Corp
became the nation's first major lender on Wednesday to
raise its key mortgage rates in an effort to preserve its profit
margins amid higher wholesale funding costs.. . .
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