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09h18 A class action against a coal
mine extension that begins on Tuesday could make it more
difficult for coal mines to be approved in Australia on the
basis of intergenerational equity and climate change,. . .
08h07 Australian shares notched their best
session in nearly two months on Monday, as upbeat economic data
strengthened recovery hopes, while the central bank increasing
the size of its daily quantitative easing programme also aided
sentiment.. . .
03h15 Australian shares rose more than 1% on
Monday, after some of the country's most populous states further
eased restrictions over the weekend as the regions recorded no
community transmissions of the new coronavirus that. . .
03h13 Crown Resorts said on Monday
that director John Poynton had quit the board over accusations
he was too close to top shareholder James Packer, as another
regulator said it was probing the troubled casino. . .
02h55 Australia and New Zealand
Banking Group said on Monday it will write down the
value of its investment in AMMB Holdings Berhad (AmBank) after
the Malaysian bank settled a claim linked to the massive
financial. . .
02h32 Australian job advertisements
rose to a near 2-1/2 year peak in February, providing another
sign massive fiscal and monetary stimulus were working to prop
up the country's economy following a coronavirus pandemic
induced recession.. . .
28/02 Australian shares were set to open
higher on Monday, tracking gains on Wall Street, with sentiment
likely to be buoyed by the further easing of domestic pandemic
restrictions over the weekend.. . .
26/02 Central banks in Asia
struggled to smother a selloff in global bonds on Friday, piling
pressure on their bigger peers to do more, as spooked investors
sold assets to cover deepening losses and rushed. . .
26/02 Australia's central bank is
expected to hold key rates at a historic low of 0.1% at its
monthly policy meeting next week, a majority of economists
polled by Reuters showed, with rates seen at. . .
26/02 Australian shares closed at their lowest
level in nearly a month on Friday, with tech stocks leading the
declines, as risk assets lost their sheen after global bond
yields firmed on expectations of economic. . .
26/02 An Australian Aboriginal group
said it was encouraged by the increased engagement taken by
miner South32 over a new mine in Western Australia but
remained cautious whether the miner will do more than the. . .
26/02 Technology-related companies dragged the
Australian benchmark on Friday, tracking a sharp sell-off among
their Wall Street peers overnight following a jump in benchmark
U.S. Treasury yields.. . .
25/02 Australian shares were set to tumble on
Friday, tracking U.S and global equity markets lower, as
tech-related stocks were under pressure following a rise in U.S
bond yields and with weaker bullion prices likely. . .
25/02 South African retailer
Woolworths said on Thursday it was expanding its casual
and sports leisure wear ranges to reduce reliance on formal
wear, after reporting a rise in half-year profit for the first
time since. . .
25/02 Australian shares closed higher on
Thursday, helped by gains in energy and mining stocks as
commodity prices continued to strengthen, and as data showed a
higher-than-expected rise in domestic business investment.. . .
25/02 Australia will receive
above-average autumn rains in its grain-growing eastern regions,
helped by La Nina, although the weather phenomenon has passed
its peak, the weather bureau said on Thursday.. . .
25/02 Australian business investment
rose by a larger-than-expected 3% with firms ramping up spending
on plant and machinery despite the coronavirus pandemic in a
positive sign for the country's economy.. . .
25/02 Qantas Airways Ltd said
it had pushed back its target for a widespread resumption of
international travel from Australia by four months until the end
of October, when the country's vaccination programme is expected
to. . .
24/02 Qantas Airways Ltd said
on Thursday it did not expect a widespread resumption of
international travel from Australia until the end of October
after posting a A$1.03 billion ($820.40 million) pretax
underlying loss for the. . .
24/02 Australian shares were poised to open
higher on Thursday following a strong lead from Wall Street
overnight, with energy stocks also likely to support the local
benchmark as crude prices hit 13-month highs.. . .
23/02 Australia's SEEK Ltd plans to
split its job listings and investments businesses and cut its
stake in Chinese unit Zhaopin in a shake-up that would see
co-founder Andrew Bassat give up his chief executive. . .
23/02 Former Australian Prime
Minister Malcolm Turnbull has joined Fortescue Metals Group's
new green energy development company as chairman of its
Australian unit, the iron ore miner said on Tuesday.. . .
22/02 Australian shares were poised to inch
lower on Tuesday after a weak showing on Wall Street overnight
as rising U.S. Treasury yields and inflation concerns pressured
The local share price. . .
22/02 Bank of Queensland Ltd will buy
ME Bank, a digital lender owned by 26 industry pension funds,
for A$1.33 billion ($1.05 billion), the pair said on Monday, as
the second-tier lender chips away at. . .
21/02 Australian shares were poised to open
lower on Monday, as investors take their cue from a relatively
mixed session in Wall Street on Friday, while weaker commodity
prices were likely to pressure energy and. . .
19/02 Australia's Woodside Petroleum
sees the military coup in Myanmar as "a transitionary
issue" that would not affect its drilling in waters off the
Southeast Asian nation, its chief executive said.. . .
19/02 Australian shares had their worst session
in three weeks on Friday, tracking losses in Asian peers, as a
worse-than-expected rise in weekly U.S. jobless claims tempered
hopes for a quick economic recovery.. . .
19/02 Australian retail sales rose by
less than expected in January as a coronavirus lockdown in the
city of Brisbane kept shoppers at home, continuing the see saw
pattern of sales in recent months.. . .
18/02 Australian shares ended a volatile
session flat, with lacklustre annual results from Woodside
Petroleum dragging energy stocks lower, while Treasury Wine
notched its best day in five years after the company unveiled
plans to overhaul. . .
18/02 Fortescue Metals Group
boosted its dividend payout on Thursday but a cost blowout at a
key development project in Western Australia tarnished its
ambitions to become a green energy powerhouse.. . .
18/02 The global iron ore market is
likely to remain robust for some time, given supply concerns and
stronger-than-usual demand from top consumer China, Fortescue
Metals Group Chief Executive Elizabeth Gaines said on
Thursday.. . .
18/02 Australian employment rose for a
fourth straight month in January and the jobless rate fell by
more than expected, an encouraging sign for the economic outlook
after authorities were able to largely curb coronavirus
outbreaks.. . .
18/02 Australian shares rose marginally on
Thursday after swinging between positive and negative territory,
as a reversal in iron ore mining giants and strong earnings
reports by blue-chip firms pushed the benchmark index higher.. . .
18/02 Australia and New Zealand Banking
Group on Thursday reported a higher first-quarter
profit and said it was well-positioned to consider returning to
investors some of the record levels of cash it holds in the
aftermath. . .
17/02 Australia and New Zealand Banking Group
on Thursday reported a higher first-quarter profit and
said it was well-positioned for the rest of the year, boosted by
growth in home lending as the domestic economy. . .
17/02 Rio Tinto on
Wednesday reported its best annual earnings since 2011 and
declared a record dividend payout, the second major iron ore
producer to return windfalls to investors after unprecedented
prices and demand for the. . .
17/02 An Australian parliamentary
committee has launched an inquiry into the impact of changes in
the investment policies of banks, superannuation funds and other
financial institutions on the country's export industries, such
as coal mining.. . .
17/02 Australian shares fell on Wednesday,
dragged lower by gold miners on the back of weak bullion prices,
while BHP outshone the broader market and hit a record
high as brokerages upgraded its shares after. . .
17/02 Australia's massive monetary
policy stimulus contributed to the local dollar being as much as
5% lower than otherwise on a trade-weighted basis, a senior
central bank official said on Wednesday.. . .
17/02 Westpac Banking Corp on
Wednesday reported a rebound in first quarter profit, benefiting
from a reversal in bad debt charges as the Australian economy
and the housing market recover from the coronavirus pandemic.. . .
16/02 Australia's Coles Group Ltd on
Wednesday reported better-than-expected half-year profit, as
coronavirus lockdowns boosted demand for household essentials
and drove sales at the country's No. 2 supermarket chain.. . .
16/02 Westpac Banking Corp on
Wednesday reported a higher first-quarter profit compared with
the average of the previous two, and saw a decline in stressed
assets as the Australian economy and the housing market recover
from. . .
16/02 Australia's southern states
will need to import natural gas to fill a looming shortfall by
2024, as last year's COVID-19 induced oil and gas price slump
has slowed investment in new fields, the country's. . .
16/02 Australian shares ended Tuesday's session
at a one-year high, driven by strong half-yearly results and a
record dividend payout from global miner BHP, while
elevated commodity prices continued to boost the mining and
energy sectors.. . .
16/02 Australian shares rose on Tuesday to
their highest in nearly a year, driven by BHP Group
after the miner posted strong profit and declared a record
interim dividend, while a surge in commodity prices. . .
16/02 National Australia Bank Ltd
posted a pickup in quarterly profit from the previous
two quarters on Tuesday as it wound back pandemic-driven bad
loan provision charges, and pointed to encouraging signs on the
economy.. . .
15/02 Australian shares were set to open higher
on Tuesday, extending gains made in the previous session, as a
jump in copper and oil prices was likely to keep domestic mining
and energy stocks in. . .
15/02 Australian shares ended firmer on Monday
as a surge in commodity prices lifted mining and energy stocks,
while strong corporate earnings and hopes of a global economic
rebound in the wake of coronavirus vaccine. . .
12/02 Australian shares slipped on Friday,
weighed by energy and gold stocks, as U.S. President Joe Biden's
comments on China stoked worries that relations between the two
nations could sour further.. . .
11/02 Australian shares ended marginally lower
on Thursday as gains among gold stocks were pared by losses
among tech and industrial stocks, and as investors looked
forward to important corporate earnings results slated for next
week.. . .
11/02 Australia's top power producer
and energy retailer AGL Energy Ltd is weighing how to
reshape itself as it faces ever growing challenges, with an
influx of wind and solar power hammering its energy market
earnings. . .
11/02 Australia's housing market is
pulling the A$2 trillion ($1.6 trillion) economy out of its
first recession in three decades with prices hitting record
highs, home loans surging and building approvals at 19-year
peaks.. . .
11/02 Australian shares egded down on Thursday,
as a slump in technology stocks following overnight losses in
their Wall Street peers outweighed gains in Newcrest Mining
and Telstra on upbeat half-year reports.. . .
11/02 Australia's Newcrest Mining Ltd
on Thursday posted an underlying half-year profit that nearly
doubled as it benefitted from higher realised gold prices and a
rise in production at its flagship mine in New South. . .
10/02 Australia's Newcrest Mining Ltd
on Thursday posted an underlying half-year profit that nearly
doubled as it benefitted from higher realised gold prices on the
back of increased safe-haven demand.. . .
10/02 Australia's Commonwealth Bank
, the country's largest, on Wednesday said it would
compete for the No. 1 business banking position and would focus
on technology-driven products to boost revenue, as the nation
recovers from the. . .
10/02 Two Crown Resorts Ltd
directors with links to major shareholder James Packer resigned
on Wednesday, the first heads to roll after the Australian
casino operator was deemed unfit to hold a gambling licence for
its. . .
10/02 Australian shares rose on Wednesday, led
by technology stocks as they mirrored sharp gains among their
Wall Street peers overnight, while strong domestic earnings
reports also boosted sentiment.. . .
10/02 A measure of Australian consumer
sentiment has bounced back toward a decade high in February as
the largely successful containment of coronavirus outbreaks in
some cities offered reassurance on the economic outlook.. . .
09/02 Identity theft complaints in
Australia involving buy-now-pay-later finance doubled to a
record last year, data seen by Reuters showed, raising calls for
authorities to rein in the booming market.. . .
09/02 Australian shares fell on Tuesday, as
market participants treaded cautiously in anticipation of the
incoming domestic earnings season, despite Macquarie Group
and James Hardie both reporting strong
quarterly numbers.. . .
09/02 A measure of Australian business
confidence picked up in January while conditions eased back from
historic highs as coronavirus breakouts curbed activity in a few
cities but were ultimately contained.. . .
09/02 Australia's Macquarie Group
said on Tuesday it expected to continue to benefit from
market volatility in the short term, as it disclosed
third-quarter profit from its commodities trading and dealmaking
units rose sharply, sending its. . .
08/02 Australian investment conglomerate
Macquarie Group on Tuesday said third-quarter profit
contribution from its market-facing businesses rose
significantly, helped by the partial sale of a data analytics
firm through an initial public offering.. . .
08/02 India's coal
imports have revived in recent months to close to pre-pandemic
levels, but the market shares of the countries supplying cargoes
has shifted, mainly as a result of China's dispute with
Australia.. . .
08/02 Australian shares advanced on Monday on
rising hopes of a broader economic recovery after U.S. lawmakers
approved a budget outline for President Joe Biden's $1.9
trillion COVID-19 relief package, with heavyweight miners also
benefiting from. . .
08/02 Australia's Vocus Group
on Monday said Macquarie's funds had lodged a non-binding offer
to acquire the fibre network owner for A$3.42 billion ($2.62
billion) and would open its book to the firm, sending its. . .
08/02 Australian shares rose on Monday, with
strengthening global risk sentiment as U.S. President Joe
Biden's $1.9 trillion COVID-19 package looked more certain of
being pushed through, while investors also cheered an improving
local coronavirus situation.. . .
07/02 Australian shares were set to open
marginally higher on Monday, with energy stocks likely to gain,
as the country logged zero new coronavirus cases for three
consecutive days over the weekend.. . .
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