03h37 Australian shares rose the most in over
three months, spurred by a Wall Street rally thanks to upbeat
U.S. corporate earnings led by Netflix Inc in
after-hours trade and robust economic data.. . .
16/10 Australian shares are expected to extend
gains on Wednesday, following a strong lead from Wall Street,
with investors likely to keep a keen eye on quarterly production
numbers of the world's biggest miner BHP. . .
16/10 Miners and bank stocks lifted the
Australian equity market on Tuesday, enjoying some respite after
a steep sell-off last week when world markets were routed on
concerns over global growth, rising U.S. borrowing costs. . .
15/10 Australian shares are set to start
unchanged on Tuesday, with gains in energy stocks potentially
offsetting remnant jitters about the prospect of higher U.S.
interest rates and global trade fears.
Rising. . .
15/10 Australian shares fell to a six-month low
on Monday, led by the financials on growing concerns about the
hit to earnings from an inquiry into misconduct in the sector
and as sentiment in global. . .
15/10 Australian shares retreated on Monday on
lingering cautiousness after the benchmark took a battering last
week when concerns over rising U.S. Treasury yields and
U.S.-China trade tensions had sparked a global equity rout.. . .
14/10 Australian shares are poised to open
lower on Monday, after domestic equities marked their worst week
in over 2-1/2 years as mounting U.S. Treasury yields and trade
tensions undermined global sentiment.. . .
12/10 Australia and New Zealand Banking
Group fired over 200 staff for wrongdoing, including
senior executives, due in part to issues raised at a public
inquiry into financial sector misconduct, ANZ Chief Executive
Shayne Elliott said. . .
12/10 The Australian share market was edgy on
Friday a day after its worst drubbing in over eight months, with
investors remaining cautious following another rough Wall Street
session amid lingering anxiety over the Sino-U.S.. . .
11/10 Australian shares are likely to extend
sharp losses on Friday, after suffering their worst drubbing in
over eight months as risk appetite was battered by the Sino-U.S.
trade war and the prospect of aggressive. . .
11/10 Australia's economy is forecast
to grow solidly over the next couple of years on booming
infrastructure spending and strong resource exports, though
trade tensions and falling house prices are a clear hurdle
ahead.. . .
11/10 The CEOs of Australia's two
biggest banks said on Thursday they were wrong to oppose an
inquiry that has unearthed widespread financial services
misconduct, underscoring the scope of the publicity nightmare
engulfing the industry.. . .
11/10 A loan by the
Australia and New Zealand Banking Group Ltd to a
Cambodian sugar company involved in a land dispute was hard to
reconcile with the bank's own human rights standards, an
Australian government. . .
11/10 Australia's banking watchdog
accepted criticism levelled against it by a powerful financial
sector inquiry as "reasonable", and said it may need to take a
fresh look at its approach to prosecuting and punishing poor
conduct.. . .
11/10 A Wall Street rout rippled through Asian
markets and pummelled Australian shares on Thursday, with
investors selling across the board as rising U.S. interest
rates, a bitter Sino-U.S. trade war and worries over global
growth. . .
11/10 Australian Prime Minister Scott
Morrison said on Thursday his government will bring forward
proposed tax cuts for small businesses by five years, as his
coalition seeks to regain voter support ahead of an election
next. . .
11/10 Australian interest rates need to
be set at expansionary levels to help the economy absorb spare
capacity in the labour market, a process that can take several
years, a top central banker said on. . .
10/10 Australia's two top bankers will
be questioned by a parliamentary committee on Thursday over
revelations from a public inquiry that found banks repeatedly
pursued profits ahead of their customers' interests.. . .
10/10 Law firm Slater & Gordon Ltd
has filed a class-action suit against Commonwealth Bank
of Australia seeking damages of more than A$100 million
($71 million) after the bank allegedly invested the retirement
savings of thousands. . .
10/10 Commonwealth Bank of Australia
said on Wednesday senior executives would have 20 to 30 percent
of their "performance metrics" this financial year tied to the
execution of a plan to fix problems for customers. . .
10/10 Australian shares were relatively flat on
Wednesday as gains in healthcare offset losses in financials a
day before a parliamentary committee begins grilling bank
executives over their business practices.. . .
10/10 Plans by Australia's AGL
Energy to start importing liquefied natural gas from
2021 will be delayed after the state of Victoria called for the
company and its pipeline partner to submit a full environmental
assessment. . .
09/10 Australian shares are expected to open
flat on Wednesday, following two sessions of heavy losses, with
materials sector stocks likely to dominate gains on higher
Chinese iron ore. . .
09/10 Commonwealth Bank of Australia
said on Tuesday it will refund fees taken out of dead
client accounts and unwind a controversial system of charging
customers commissions on financial products.. . .
08/10 Australian shares ended near a four-month
low on Monday, with ANZ sliding as the bank counted the costs of
poor banking practices on its earnings, and material and energy
stocks also dragged on the. . .
08/10 Australian shares saw their worst day in
more than four weeks on Monday, with banks and materials leading
the falls strong U.S. job numbers pushed U.S. Treasury yields
higher and knocked world equities.. . .
05/10 Australian shares edged higher on Friday,
supported by gains from the scandal-hit financial sector which
managed to advance for a second session, but not enough to stop
the benchmark from a weekly loss.. . .
05/10 Australian shares advanced on Friday as
the scandal-hit financial sector attempted a tentative recovery,
with some investors picking them for their juicy dividends at
relatively cheaper levels following a searing sell-off in recent
weeks.. . .
05/10 Australia's central bank is
uncertain about how much spare capacity exists in the labour
market and how that will affect wages and inflation over time,
one reason it has been cautious on changing policy. . .
04/10 Australian shares are poised to slip on
Friday, as risk appetite fell in light of a massive selloff of
U.S. Treasuries and hawkish speeches by U.S. Federal Reserve
officials, sparking inflation concerns.. . .
04/10 Australian shares ticked higher on
Thursday, supported by strong gains for the material sector and
as financials snapped three straight days of losses as investors
tried to come to terms with revelations of widespread. . .
03/10 Myer Holdings Ltd's
biggest shareholder has asked the Australian department store
chain for a full list of its owners, stoking speculation that a
takeover or board spill was in the offing and driving shares. . .
03/10 Sales of gold products by the Perth Mint
surged in September to their highest since January 2017, while
silver sales more than doubled from August to mark an over
two-year peak, boosted by lower. . .
02/10 Australian shares closed at their lowest
in more than three months on Tuesday as financial stocks
extended losses following a scathing Royal Commission interim
report on the scandal-hit sector.. . .
02/10 Australia's central bank marked a
26th straight month of stable policy on Tuesday, reinforcing
market bets that rates will remain low for an extended period
amid tighter credit conditions and lukewarm inflation and wages
growth.. . .
02/10 The Australian Competition and Consumer
Commission (ACCC) said on Tuesday it had opened an inquiry into
price competition among suppliers of foreign currency conversion
services and would investigate the ability of potential entrants
to compete.. . .
01/10 Australian shares slipped to their lowest
close in nearly 2 weeks in a lightly traded session on Monday as
financial stocks wilted under the scathing interim findings of a
high-profile inquiry into the sector.. . .
30/09 Australian Prime Minister Scott
Morrison said on Sunday it was up to the country's financial
regulator to prosecute bankers following the release of a
scathing report which found some institutions had pursued profit
at the. . .
28/09 Australia's big banks and wealth
managers pursued profit ahead of their customers' interests and
saw regulatory compliance as a cost rather than a guide to
proper conduct, a scathing interim report from a commission. . .
28/09 The United States is working on
a counter-offer to stop Chinese telecom giant Huawei
Technologies Co Ltd from building internet
infrastructure in Papua New Guinea (PNG), its top diplomat to
Australia said on Friday.. . .
28/09 Australia's central bank is
expected to stretch its record spell of steady rates well into
next year, according to a Reuters poll of 53 economists, with a
25-basis-point hike not expected before end-2019.. . .
28/09 Australia's benchmark share index rose
to a more than three-week high on Friday, with materials leading
broad-based gains, but financial stocks were on edge ahead of
the release of a high-profile inquiry's interim report. . .
28/09 Australian shares are expected to open
higher on Friday, tracking Wall Street, although financial
stocks may lose ahead of an interim report from a powerful
inquiry into the sector due later in the day.. . .
27/09 Westpac Banking Corp said on
Thursday its annual cash earnings will fall by about A$235
million ($169.9 million) on account of provisions for customer
refunds and litigation, amid damaging revelations from an
inquiry into the. . .
27/09 Australian shares ticked down on
Thursday as materials firms lost ground on lower commodities
prices, while banks slumped ahead of an interim report from a
powerful inquiry into the financial services sector.. . .
27/09 An Australian law firm filed a
class-action lawsuit against National Australia Bank
and its pension unit on Thursday on behalf of customers who were
allegedly sold worthless insurance policies for their credit
cards.. . .
27/09 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.. . .
27/09 Australian shares treaded water on
Thursday as materials stocks fell on lower copper prices and
banks drifted sideways ahead of an interim report due on Friday
from a powerful inquiry into the financial services. . .
27/09 Australian shares are set to open lower
on Thursday, tracking Wall Street which slipped on Wednesday
after investors reduced their risk as they weighed how long the
U.S. central bank would continue to raise. . .
26/09 Australian shares rose fractionally on
Wednesday as gains in materials and energy stocks on higher oil
and commodity prices offset losses for banks as release of an
inquiry's interim report on the sector nears.. . .
26/09 A government-ordered inquiry
into Australia's financial sector questioned on Wednesday
whether the insurance industry's system of self-regulation
should be overhauled amid evidence of widespread misconduct.. . .
26/09 Australian crop protection
company Nufarm Ltd reported an annual loss on Wednesday
as a severe drought cut domestic sales, prompting it to slow
down production, write down its business and launch a capital
raising.. . .
26/09 Australian shares were poised to open
near flat on Wednesday, as investors looked for further cues
from the Federal Reserve ahead of a two-day meeting at which the
U.S. central bank is expected to. . .
25/09 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'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 Australian shares climbed to a two-week
high on Wednesday, underpinned by materials and energy stocks as
commodity prices rose amid a broad improvement in global
investors' sentiment.. . .
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