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Australasia

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

14h36 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

08h01 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

04h37 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

04h03 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

02h28 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

00h50 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

00h10 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

Australia lowers wheat forecast by nearly 8 pct, warns of further downgrades

13/06 Australia has cut its forecast wheat production by nearly 8 percent for 2018/19, the country's top commodity agency said in a report released on Wednesday, as prolonged dry weather across the country's east coast. . .  Full story

Miners lead Australian shares lower, NZ rallies to record close

13/06 Mining stocks led Australian shares lower on Wednesday ahead of the U.S. Federal Reserve's rate decision, with investors on the lookout for any mention of the pace of hikes this year.. . .  Full story

Australia c.bank gov sees no need to worry about house price slowdown

13/06 Australia's central bank governor said on Wednesday the current slowdown in the housing market isn't a cause for concern but flagged the need for policy to remain at record lows for the foreseeable future with. . .  Full story

Australia c.bank governor says no need to worry about house price slowdown

13/06 The head of Australia's central bank said on Wednesday "we shouldn't fret" the current housing market slowdown and that recent tightening in lending standards was as a long-term positive.. . .  Full story

Asian coal and gas markets roar into top gear as region revs up demand

13/06 Thermal coal and gas prices have coursed into a bull run, propelled by particularly strong demand across Asia, where electricity consumption is surging thanks to healthy economic growth just as seasonal needs rise with the. . .  Full story

Australian shares fall ahead of Fed meeting's results, NZ lower

13/06 Australian shares fell nearly across the board on Wednesday as investors looked past the U.S.-North Korea summit to the Federal Reserve's decision due later in the day.. . .  Full story

Australian shares point to lower start ahead of Fed rate decision; NZ down

13/06 Australian shares appeared set to open marginally lower on Wednesday as investors looked ahead to the Federal Reserve's policy decision. The Fed is widely expected to raise interest rates,. . .  Full story

Australian shares end firmer buoyed by consumer sector; NZ down

12/06 Australian shares ended higher on Tuesday propped up by strength in consumer and pharmaceutical firms and amid a positive outcome at the closely-watched U.S.-North Korea summit.. . .  Full story

Australian shares edge up, investors focused on Trump-Kim meeting; NZ lower

12/06 Australian shares inched up in thin trade on Tuesday as investors closely followed developments from a historic meeting between North Korean leader Kim Jong Un and U.S. President Donald Trump in Singapore.. . .  Full story

Australia shares poised to rise ahead of Trump-Kim summit; NZ steady

12/06 Australian shares are likely to rise on Tuesday, after Wall Street edged higher ahead of the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.. . .  Full story

Major Australian adviser network to shut amid regulator scrutiny

11/06 A major Australian financial planning network has closed after being told its licence could be suspended or cancelled, the corporate regulator said on Monday, becoming the latest casualty in the country's scandal-plagued financial sector.. . .  Full story

Rain brings wheat relief in Australia's west

10/06 Relieved farmers in Australia's export-focused west are celebrating good rainfall at the end of the winter wheat-planting window, although conditions remain parched in the eastern states.. . .  Full story

In test of sour ties, Australia asks China to approve foreign minister visit

08/06 Australia has asked China to approve a visit by Foreign Minister Julie Bishop, an Australian spokeswoman said on Friday, a request that should provide an indication of just how strained ties between the two. . .  Full story

Australia shares drop as markets eye Fed, ECB; NZ marks 4th record close

08/06 Australian shares ended lower after a thinly-traded session on Friday as investors kept to the sidelines ahead of key central bank meetings in the coming week with losses in industrial and material stocks outweighing. . .  Full story