Australasia

Australia shares end at near 8-month peak; NZ hits all-time high

08h47 Australian shares ended at a near 8-month peak on Tuesday, bolstered by gains in banking and energy stocks, while New Zealand closed at a record high.. . .  Full story

Australia shares rise to 8-month high on resource sector, NZ at new peak

03h34 Australian shares rose to their highest in nearly eight months on Tuesday buoyed by rising commodity prices and supply concerns that supported oil, while New Zealand shares jumped to a record high.. . .  Full story

Australia shares to rise thanks to jump in oil prices, NZ up

00h12 Australian shares are expected to rise on Tuesday after the Easter break with energy stocks likely to receive a bump from rising oil prices on a supply squeeze. The. . .  Full story

No Australia, NZ stock market report on April 19, 22

18/04 There will be no Australia and New Zealand stock market reports on Friday, April 19, and Monday, April 22, as financial markets in both countries will be closed for Good Friday and Easter holidays.. . .  Full story

Australia shares end slightly up on energy sector gains; NZ down

18/04 Australian shares closed marginally higher on Thursday, as trading remained subdued ahead of the Easter holidays, with losses in healthcare and gold stocks offsetting gains in the energy sector.. . .  Full story

Australia's NAB flags extra $537 mln provision for customer refunds, talks dividend review

18/04 National Australia Bank Ltd , the country's fourth-largest, on Thursday flagged an additional A$749 million ($537.18 million) in charges to refund thousands of wronged customers and said it would review its dividend policy.. . .  Full story

(OFFICIAL)-U.S. family tracking app Life360 launches $104 mln Australian IPO

18/04 U.S. family tracking app operator Life360 has launched a A$145 million ($104 million) initial public offering in Australia, marking what is likely to be the country's biggest technology float in three years.. . .  Full story

CBA's pension arm to cut fees amid regulator calls

18/04 Commonwealth Bank of Australia's (CBA) pension arm said on Thursday it planned to cut annual fees by about A$68 million ($48.81 million), after the country's main financial regulators called for reduced fees.. . .  Full story

Australia jobs surge past expectations but unemployment ticks up

18/04 A bumper run in Australian jobs extended to March and more people went looking for work, official data on Thursday showed, a sign the country's labour market remains strong despite a small uptick in. . .  Full story

Australia's GrainCorp flags $29 mln earnings hit as China probes barley imports

18/04 Australia's GrainCorp Ltd said on Thursday it will take a A$40 million ($28.7 million) hit to half-year earnings, blaming international trade tensions and a severe drought, sending its shares to a three-week low.. . .  Full story

Financials stocks boost Australia benchmark; NZ inches down

18/04 Australia shares rose on Thursday, boosted by financial stocks and positive economic data from China that allayed global growth worries, but broader gains were capped by losses in healthcare stocks, which tracked their Wall Street. . .  Full story

ANALYSIS-Jokowi 2.0 could open Indonesia’s door to foreign investors

18/04 Foreign investors desperate for more access to Indonesia's huge market can take comfort from the re-election of Joko Widodo as president for a second and final term on Wednesday: according to government insiders he. . .  Full story

Australia's Fortescue pares annual iron ore shipments guidance after cyclone

18/04 Iron ore miner Fortescue Metals Group Ltd on Thursday reported flat third-quarter iron ore shipments and joined other big miners in trimming its annual shipments forecast because of disruptions caused by a tropical cyclone.. . .  Full story

Australia's South32 Q3 coking coal output falls 37 pct on pvs qtr

18/04 Australian miner South32 Ltd on Thursday reported a 37 percent fall in its third-quarter coking coal production compared to the second quarter, as its continues to focus on keeping down costs at its Illawarra operations.. . .  Full story

Australia shares set to edge up; NZ falls

18/04 Australia shares are poised to inch up in early trade on Thursday as positive economic data from China allayed global growth worries, though broader gains might be capped by losses in mining stocks.. . .  Full story

Power play: pumped hydro eyes path through Australia's climate wars

17/04 At an abandoned gold mine in Australia's outback, plans are being laid for a large-scale renewable energy project generating continuous power, but its fate may sway on the outcome of next month's national election.. . .  Full story

Nippon Paint pours into Australia's DuluxGroup with $2.7 bln offer

17/04 Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom there falters.. . .  Full story

Australia shares fall as miners sag; NZ up

17/04 Australia shares struggled in early trade on Wednesday, weighed down mainly by mining stocks, although the losses were capped by gains in financials, which tracked their Wall Street peers.. . .  Full story

Australia shares poised to fall; NZ inches up

17/04 Australian shares are set to open lower on Wednesday, weighed down by gold stocks, even as investors likely stay cautious ahead of China's first-quarter GDP data due later in the day, looking for leads. . .  Full story

A tricky read? NZ central bank chief wrong-foots markets

17/04 Just a year into the job and Adrian Orr has managed to ruffle financial markets and economists, not exactly what the New Zealand central bank chief had in mind when he set out to. . .  Full story

Australia shares climb as Rio Tinto, financials gain; NZ up

16/04 Australian shares climbed on Tuesday as Rio Tinto rose on expectations of higher iron ore prices owing to a tighter market, despite reporting a 14 percent fall in quarterly shipments.. . .  Full story

Indian-owned coal mine a flashpoint for Australian election

16/04 On the main shopping street in the tropical north Australian city of Townsville, dotted with "For Lease" signs, Chrissa Alexion is adamant a planned $4 billion coal mine should be shelved because of its contribution. . .  Full story

Australia c.bank says easing would be "appropriate" if jobless rate rose, inflation stayed low

16/04 Australia's central bank believes a cut in interest rates would be "appropriate" should inflation stay low and unemployment trend higher, though there was still no strong case for a move in the near term.. . .  Full story

Oil Search Q1 revenue falls on previous qtr as soft oil, gas prices hurt

16/04 Australia's Oil Search said on Tuesday its first-quarter revenue fell 21 percent from the preceding quarter, due mainly to the timing of liquefied natural gas (LNG) shipments and weaker oil and gas prices.. . .  Full story

Australia's Lynas posts 33 pct jump in Q3 rare earths output, amid takeover interest

16/04 Takeover target Lynas Corp Ltd on Tuesday reported a 32.5 percent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers Ltd .. . .  Full story

Australia shares set to open lower; NZ up

16/04 Australian shares are poised to fall on Tuesday, with miners edging lower as investors continue to lock in profits after a recent sector rally while financials may track their U.S. peers, which fell on. . .  Full story

Mongolia coal exports surge 15 pct in Q1 after China Australia ban

15/04 Mongolia's coal exports rose 15 percent on the year to 7.8 million tonnes in the first quarter, according to official data published on Monday, with the country benefiting from customs delays impeding imports from Australia. . .  Full story

Australia shares soften as gold stocks weigh; NZ up

15/04 Australian shares held a soft tone in early trade on Monday, with losses in gold stocks, due to a resurgence in risk appetite and a strong Wall Street, countering gains in financials.. . .  Full story

Australia shares poised to open flat; NZ up

15/04 Australian shares were set to open little changed on Monday after sharp gains the previous session, with investors likely cautious ahead of a shortened trading week during which major miners and oil producers report. . .  Full story

Australian wealth manager IOOF hit with class-action lawsuit

12/04 Australia's embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached stock market disclosure obligations.. . .  Full story

Australia shares rise on soaring financials, led by CBA; NZ subdued

12/04 Australian shares rallied on Friday as reports that the country's biggest lender was shedding jobs to cut costs boosted financial stocks, pushing the benchmark to its biggest weekly gain in seven weeks.. . .  Full story

AustralianSuper withdraws equities mandate from Fidelity International

12/04 Australia's largest pension fund has withdrawn a mandate from Fidelity International's local equities fund as part of its efforts to cut costs by managing stocks internally, the Australian Financial Review reported on Friday.. . .  Full story

Australia shares higher as iron ore prices drive miners; NZ flat

12/04 Australian shares advanced on Friday, outperforming regional markets as higher iron ore prices supported large miners such as Rio Tinto and Fortescue Metals Group.. . .  Full story

Australia economy to slow on wilting home prices, spending

12/04 Analysts have again cut forecasts for Australian economic growth following a deeply disappointing end to last year when weakness in consumption and slumping house prices overwhelmed strength in the labour market.. . .  Full story

Australian shares set to bounce back on miner gains, NZ edges lower

12/04 Australian shares were poised to open higher on Friday, as the resource-heavy market stands to benefit from higher Chinese iron ore prices on expectations of strong demand in top consumer China.. . .  Full story

Australia shares slip as investors stay cautious; NZ rises

11/04 Australian shares fell on Thursday, dragged down by financials and mining stocks, as many investors remained anxious about the global growth outlook and trade disputes.. . .  Full story

Australians go to the polls in a 'fair go' election on May 18

11/04 Australians will go to the polls in a general election on May 18 after Prime Minister Scott Morrison fired the starting gun on Thursday on a campaign set to be fought over taxation, climate. . .  Full story

Australian shares lower on U.S. growth concerns; NZ up

11/04 Australian shares struggled on Thursday, weighed down by financials and miners, as minutes from the U.S. Federal Reserve's last meeting raised concerns about growth in the world's largest economy.. . .  Full story

Policies of Australia's political parties at a glance

11/04 Australia's political parties are campaigning in a general election set for May 18, with the fight focused on tax cuts, climate change and social programmes.. . .  Full story

Australia's New Century Resources qtly zinc output jumps 50 pct

11/04 Australia's New Century Resources Ltd said on Thursday that quarterly zinc production rose 50 percent over the previous quarter following the ramp up of its processing plant performance.. . .  Full story

Australia shares set to open lower; NZ edges up

11/04 Australian shares are set to open lower on Thursday, despite minor Wall Street gains overnight, with investors staying cautious as the U.S. Federal Reserve's March meeting minutes showed some policymakers might change their minds on. . .  Full story

Australia shares barely move, NZ slips as IMF downgrade fuels caution

10/04 Australian shares were stuck in neutral on Wednesday, with risk appetites taking a sharp hit after the IMF downgraded its global growth forecast a third time since October, rattling investors.. . .  Full story

Australia c.bank still trying to unravel policy puzzle - dep gov

10/04 Australia's central bank is keeping a close eye on how the divergence between a seemingly slowing economy and a strong labour market resolves itself to help determine where policy rates are headed, a senior. . .  Full story

Australian shares lower on fresh global trade, growth concerns

10/04 Australian shares tracked their Wall Street counterparts lower on Wednesday, on new global growth worries and fresh trade tensions between the United States and the European Union.. . .  Full story

Australian consumer confidence gets modest budget boost

10/04 A measure of Australian consumer confidence bounced modestly from one-year lows in April as a give-away budget from the government boosted optimism on the future even as family finances were being squeezed right now.. . .  Full story

Australia shares set to open lower; NZ falls

10/04 Australian shares are poised for a subdued start on Wednesday, following weakness in global peers after U.S. President Donald Trump threatened tariffs on European goods and the International Monetary Fund lowered its global growth outlook.. . .  Full story

Australian shares flat amid caution ahead of U.S. earnings; NZ falls

09/04 Australian shares were little changed on Tuesday, with losses among financials erasing gains from energy stocks, as investors remained cautious ahead of a looming U.S. earnings season, which is expected to show U.S. corporate. . .  Full story

Australian mortgage rebound a positive sign for home prices

09/04 Australian home loans bounced unexpectedly in February in a rare positive sign for the country's subdued property market leading some economists to speculate housing price falls may have found a bottom.. . .  Full story

Australian shares fall on U.S. earnings caution; NZ slips

09/04 Australian shares declined on Tuesday as losses in financial and gold stocks capped broader gains driven by the energy sector.. . .  Full story

Australia shares set to edge up, NZ flat

09/04 Australian shares were poised to open slightly higher on Tuesday, tracking Wall Street where gains were checked by subdued earnings expectations. The local share price index futures. . .  Full story

Is coal's slump overdone? Australia's resilient exports suggest maybe: Russell

08/04 Australian thermal coal prices plummeted last week, dropping to a 10-month low after succumbing to a series of blows including concern over imports by China and a lower contract price with Japan.. . .  Full story

Australia shares rise on boost from healthcare, mining; NZ down

08/04 Australian shares were given a boost on Monday by gains in mining and healthcare firms, with upbeat U.S. jobs data helping ease some of the anxiety over a broad slowdown globally and in the. . .  Full story

Lynas reviews rare earths ore processing as Malaysia ups pressure

08/04 Rare earths miner Lynas Corp said on Monday it is considering initial ore processing near its Australian mine, as Malaysia stepped up pressure on the company already in the midst of a takeover struggle.. . .  Full story

Australia job ads slip further in March - survey

08/04 Australian job advertisements in newspapers and on the internet slipped for a fifth straight month in March, though some of the weakness could be due to a change in the way firms hire. Figures from. . .  Full story

Australian shares bounce on miners, energy stocks; NZ falls

08/04 Australian shares started the week on firm footing on Monday, tracking Wall Street gains and with miners and energy stocks leading the rally as stronger-than-expected U.S. jobs growth eased concerns about the world's largest economy.. . .  Full story

Australia's Port Hedland iron ore shipments to China slip 8 pct in March

05/04 Iron ore shipments to China from Australia's Port Hedland terminal fell more than 8 percent in March from a month earlier, port data released on Friday showed.. . .  Full story

Australia shares fall, dented by financial and healthcare firms; NZ slips

05/04 Australian shares slipped on Friday, led down by financial and healthcare stocks, as investors booked profits for a second day following a robust rally.. . .  Full story

Australia shares extend falls, cautious on U.S.-China trade talks; NZ down

05/04 Australian shares dropped on Friday, with financials leading the losses, as investors kept a watchful eye on talks between the United States and China to resolve their bitter trade dispute.. . .  Full story

Australian opposition's promise for health spending buoys stocks

05/04 Shares in Australian medical imaging and cancer-treatment firms rose on Friday after the opposition Labor party promised increased spending in the sector, weeks out from an election that opinion polls suggest they will win in. . .  Full story

Australian pension funds in merger talks to form country's second largest

05/04 First State Super and VicSuper are in merger talks to create Australia's second largest pension fund, they said on Thursday, as the industry faces regulatory pressure to improve standards and accountability.. . .  Full story

Australia shares set to open lower, NZ flat

04/04 Australian shares are likely to open lower for a second straight session on Friday as profit-taking post a recent seven-day rally is expected to continue, while investors await more clarity on the U.S.-China trade. . .  Full story

Takeover target GrainCorp to split business, engaging with suitors

04/04 Australian takeover target GrainCorp Ltd said on Thursday it plans to separate in two, spinning off and listing its global malting unit and restructuring its grain business, whose earnings have been hit by drought.. . .  Full story

Australian regulator imposes extra conditions on AMP business after surveillance

04/04 Australia's largest listed wealth manager, AMP Ltd, will be subjected to additional regulator-imposed conditions when managing investment portfolios for clients, the Australian Securities and Investments Commission (ASIC) said on Thursday.. . .  Full story

Australia shares end 7-day rally as miners and healthcare slip; NZ down

04/04 Australian shares slipped on Thursday, with recent outperformers such as mining and healthcare stocks posting steep losses as investors booked profits after an impressive seven-day rally.. . .  Full story

Australia shares snap 7-day winning streak, miners and banks fall; NZ down

04/04 An extended rally in Australian shares ran out of steam on Thursday, as investors took some money off the table with all the recent outperformers turning tail in the process.. . .  Full story

Australia's GrainCorp to spin off global malting business

03/04 Australia's GrainCorp Ltd on Thursday said it plans to spin off its global malting business and list it on the country's stock exchange.. . .  Full story

Australia shares poised to open flat, NZ falls

03/04 Australian shares are set to open little changed on Thursday, with expected gains in miners offsetting losses in energy stocks, which would be hurt by lower oil prices. The local share. . .  Full story

Australia shares rise on mining and healthcare gains; NZ slips

03/04 Australian shares closed at a near 7-month high on Wednesday as soaring iron ore prices boosted miners, while healthcare stocks surged after Australia's government earmarked record spending for the sector in its pre-poll budget.. . .  Full story

Australia shares touch near 7-month high on miners, healthcare firms; NZ retreat

03/04 Australian shares rose to a near seven-month high on Wednesday as firmer iron ore prices boosted miners while healthcare stocks were lifted by record spending earmarked for the sector in the federal budget.. . .  Full story

Australia government sets 2019/20 bond issuance, new lines

03/04 The Australian government on Wednesday said it planned to sell around A$58 billion ($40.98 billion) of new bonds in the year to end June 2020, up modestly from the A$54 billion planned for the. . .  Full story

Australia shares set to rise on miners, energy stocks; NZ down

02/04 Australian shares are poised to open higher on Wednesday, with firmer iron ore and oil prices likely to bolster mining and energy stocks. The local share price index futures. . .  Full story

Australia govt promises 'back in black' budget in election run-up

02/04 Australia's conservative government on Tuesday proposed tax cuts for low and middle-income earners and record spending on health and education while promising the first budget surplus in more than a decade, shaping its pitch for. . .  Full story

Australia govt delivers tax cuts, surplus in pre-vote budget

02/04 Australia's conservative government on Tuesday proposed tax cuts for low and middle-income earners and record spending on health and education while delivering the first budget surplus in more than a decade, setting up its campaign. . .  Full story

Asian equities' valuations still cheaper than its global peers - Refinitiv data

02/04 Asian stocks valuations' rose on the back of a strong rally in the first quarter of 2019, but regional equities still look attractive compared with global peers, Refinitiv data showed.. . .  Full story

Australia shares rise, NZ at record high on China, U.S. factory indicators

02/04 Australian shares closed higher on Tuesday, after positive U.S. and China factory activity data fuelled risk sentiment and eased concerns about a global economic slowdown, with New Zealand closing at a record high.. . .  Full story

Australia central bank holds rates at 1.5 pct

02/04 Australia's central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signalled a steady outlook for the near-term.. . .  Full story

Ex-Commonwealth Bank CEO Narev joining Australian job portal Seek

02/04 The former chief executive of Commonwealth Bank of Australia (CBA) is returning to corporate life with job search website Seek Ltd after stepping down a year ago from the lender following an unprecedented money-laundering lawsuit.. . .  Full story

Australian, NZ shares push higher as global growth worries ease

02/04 Australian shares tracked Wall Street gains on Tuesday, with commodity-based firms and financials leading the rally, as easing concerns about global growth lifted investor sentiment for a second consecutive session.. . .  Full story

Fortescue, Taiwanese partner approve $2.6 bln for stage 2 of iron ore project

02/04 Fortescue Metals Group Ltd on Tuesday said its unit FMG Magnetite Pty Ltd and Taiwanese partner Formosa Steel IB Pty Ltd will spend about $2.6 billion to develop the second stage of a magnetite. . .  Full story

Australia government set to offer surplus, tax cuts in pre-poll budget

01/04 Australia's conservative government is set to offer disenchanted voters tax cuts and handouts while still delivering the first budget surplus in more than a decade on Tuesday, just days before it has to. . .  Full story

Perth Mint's gold sales jump 68 pct in March

01/04 The Perth Mint said on Monday its gold products sales in March surged about 68 percent from the previous month, touching the highest level since November last year. Sales of gold. . .  Full story

Asian stocks register their best quarterly gain in 7 years

01/04 Asian stocks continued their rally in March to post their best quarterly gain in 7 years, as optimism about a Sino-U.S. trade deal and dovish shifts in major central banks' monetary policies, propelled regional. . .  Full story

Australian shares rise on China PMI surprise, mining gains; NZ up

01/04 Australian shares closed at a more than three-week high on Monday, after brisk Chinese factory surveys boosted broader investor sentiment, with miners notching strong gains on firm iron ore prices.. . .  Full story

Tax cuts, cash splurge seen in Australia budget to kick-start election

01/04 Australian Treasurer Josh Frydenberg is expected to announce tax breaks and other sweeteners for voters in a federal budget on Tuesday, which will kick-start campaigning for an imminent national election.. . .  Full story

Australian insurer QBE to exit thermal coal over climate change

01/04 Australia's QBE Insurance Group Ltd plans to stop offering new policies for thermal coal mines and coal-fired power stations to help encourage a low carbon economy and combat climate change.. . .  Full story

Australian business conditions bounce but confidence sags

01/04 A closely-watched measure of Australian business conditions rose in March led by gains in sales and profitability but confidence weakened further to stay below average.. . .  Full story

COLUMN-Australia is enjoying a windfall commodities boom, but it won't last: Russell

01/04 The good news for Australia is that it can expect a flood of cash from resource exports this fiscal year because of rising exports and relatively strong prices for iron ore, coal and liquefied. . .  Full story

Australia home prices fall in March, pace of decline slows

01/04 Australian home prices fell again in March as credit conditions remained tight and investors stayed away, though the pace of decline slowed as more auctions found buyers.. . .  Full story

Aussie shares set to open higher on miners, progress in China-U.S. trade talks; NZ up

31/03 Australian shares were poised to open higher on Monday, boosted by miners as well as optimism over progress in the China-U.S. trade talks. The local share price index futures. . .  Full story

ANALYSIS-Australia's new budget seen splashing cash in bid for votes

31/03 Discounts of up to 75 percent have emptied shelves at grocer Golden Banana in a Sydney suburb, but owner Micky Lapa won't be restocking - she's shutting after 30 years.. . .  Full story

Australia's new budget seen splashing cash in bid for votes

29/03 Discounts of up to 75 percent have emptied shelves at grocer Golden Banana in a Sydney suburb, but owner Micky Lapa won't be restocking - she's shutting after 30 years.. . .  Full story

Australia, NZ shares firm on trade talk hopes

29/03 Australian shares closed marginally higher on Friday, led by the mining and healthcare sectors, while the benchmark posted its best quarterly gain since September 2009, bolstered by prospects of a breakthrough in U.S.-China trade talks.. . .  Full story

Dry weather undercuts NZ dairy giant Fonterra's milk production

29/03 Dairy group Fonterra said on Friday its New Zealand milk production in February was largely flat from a year earlier, while Australian production fell sharply in January due to dry weather.. . .  Full story

Australia is enjoying a windfall commodities boom, but it won't last: Russell

29/03 The good news for Australia is that it can expect a flood of cash from resource exports this fiscal year because of rising exports and relatively strong prices for iron ore, coal and liquefied. . .  Full story

Aussie shares jump, on track for best quarter in nearly 10-yrs; NZ hits record

29/03 Australian shares advanced on Friday, after a firmer finish on Wall Street, as investors hoped for progress in Sino-U.S. trade talks after a report on positive developments.. . .  Full story

New Zealand central bank governor says markets understand its focus

29/03 Market reaction to New Zealand central bank's unexpected shift to an easing bias this week showed that they understood what policymakers were focused on, Governor Adrian Orr said on Friday.. . .  Full story

Aussie shares set to open flat, China-U.S. trade talks in focus; NZ up

28/03 Australian shares are expected to open flat on Friday as investors await more developments in Sino-U.S. trade talks amid ongoing concerns about the health of the global economy. The local share. . .  Full story

Australian shares claw back losses on trade progress, NZ hits record

28/03 Australian shares ended higher on Thursday, as investors cheered signs of possible progress towards a U.S.-China trade deal, with miners and energy stocks leading the comeback.. . .  Full story

Australia shares retreat on global growth anxiety; NZ up

28/03 Australian shares stepped back on Thursday as signs of a broadening slowdown in the global economy jolted riskier assets around the world.. . .  Full story