Latest News Headlines
Australian shares finished lower on Tuesday, snapping two straight sessions of gains, hurt by weakness on Wall Street and falling material stocks amid lower commodity prices. Full story
Australian shares are likely to edge upward on Tuesday, helped by a recovery in commodities and soaring oil prices. Oil prices rose over 3 percent on Monday, with Brent hitting its highest in more than two years, as two big producers said the global market was on its way to rebalancing. Full story
The Reserve Bank of New Zealand (RBNZ) is widely expected to keep its cash rate at a record-low 1.75 percent at its monetary policy meeting on Thursday, a Reuters poll of economists found. Full story
New Zealand dairy group Fonterra reported an 11 percent fall in full-year profit on Monday after bad weather hampered milk production, but gave an upbeat outlook for the coming year. Full story
The New Zealand dollar fell in early Asian trading on Monday after no single party won a majority in an election over the weekend, leaving investors facing a period of political uncertainty. Full story
A damaged pipeline that resulted in a fuel shortage across New Zealand and grounded hundreds of flights was restarted on Sunday after repairs were completed, officials said. Full story
New Zealand Labour Party leader Jacinda Ardern said the ruling National Party had taken the largest number of votes in Saturday's general election, but the race was not over yet. Full story
Votes cast for New Zealand's ruling National Party reached 46.3 percent with 31.4 percent of results counted in the country's general election on Saturday, while support for the opposition Labour Party was 36 percent, according to the Electoral Commission. Full story
Australian shares snapped three sessions of losses to rise 0.5 percent on Friday, thanks to strength in financial stocks, while New Zealand shares reversed losses to finish the session 0.3 percent higher ahead of Saturday's general elections. Full story
The cash-strapped government of Papua New Guinea (PNG), looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search Ltd , three people familiar with the transaction said on Thursday. Full story
An Australian interest rate rise is finally emerging as a possibility next year as markets respond to a surge in employment at home, a return to synchronised growth globally and hawkishness at other major central banks. Full story
Australian shares are set to open slightly lower on Thursday as basic materials stocks are expected to be under pressure due to persistent weakness in iron ore prices. Iron ore futures in China dropped to their lowest in nearly two months on Wednesday, affected by weaker steel prices and an envi Full story
Australian shares trimmed early losses to close marginally lower on Wednesday, helped by gains in health care and industrial stocks, and as some banks climbed back from heavy falls earlier in the session. Full story
Australian shares are likely to open higher on Wednesday, following gains on Wall Street helped largely by financials, as investors look ahead to the culmination of the U.S. Federal Reserve's two-day policy meeting. The Fed on Wednesday is expected to announce the beginning of a plan to reduce Full story
Australian shares inched up on Tuesday, with financials bolstered by record highs on Wall Street ahead of a Federal Reserve meeting, while the telecom sector and large-capped material stocks also lent support. Full story
Australia raised its forecast for beef production during the 2017/18 season by more than 6 percent on Tuesday as dry weather forces graziers to increase slaughters. Full story
Australian shares edged higher on Monday, with financial stocks leading gains, taking their cue from Wall Street which reached record highs on Friday. Full story
Australian shares slid on Friday as weak steel and iron ore prices weighed on material stocks while the country's biggest banks fell on profit-taking after recent gains. Full story
Australian shares are expected to shuffle sideways on Friday, reflecting the mixed stance on Wall Street where the Dow struck a record high while the S&P 500 and Nasdaq edged lower. Oil prices picked up while iron ore prices sank after data showed that China's crude steel output hit a record Full story
Australia's jobs blew past expectations to surge the most in two years in August, yet unemployment was static as more people looked for work, limiting upward pressure on wages, inflation and interest rates. Full story
Australian shares are likely to be little changed on Thursday, as investors are expected to remain cautious ahead of a slew of market data while Wall Street clocked new closing highs overnight. Investors await Australian employment data, China retail sales data among others expected later in the Full story
Australian shares rose on Wednesday, tracking a record close on Wall Street as investors were drawn to riskier assets after concerns over the impact of Hurricane Irma and North Korea tensions eased. Full story
Australian shares tracked Wall Street higher on Tuesday, led by gains for financials, as sentiment was boosted after hurricane Irma was downgraded to a tropical storm and caused less damage than initially feared. Full story
AGL Energy, Australia's biggest power producer, has promised to propose to its board to keep one of its big coal-fired generator stations open beyond 2022 or sell it to fill a supply gap, Australia's energy minister and AGL said on Monday. Full story
Australian shares were higher on Monday, as investors looked to buy into sectors with better yield prospects, looking past the global unrest caused by North Korea's nuclear test last week as well as allegations of a breach in money laundering rules against Commonwealth Bank of Australia . Full story
Australia's banking regulator spelled out plans on Friday for an major investigation into back-to-back scandals at Commonwealth Bank of Australia , warning that public trust in the financial sector was at rock bottom. Full story
China's General Administration of Customs says: Full story
Reuters calculation from China customs data: Full story
Australia shares ended flat on Thursday, surrendering early gains on a positive lead from Wall Street, hurt by declines in BHP and Woolworths which traded ex-dividend. Full story
Australian retail sales braked in July as consumers, burdened by stagnant wages and rising utility bills, sharply cut back their spending at department stores and on household goods. Full story
Australia's benchmark share index was little changed on Tuesday, with basic materials and financials falling on weak commodity prices and a dip in Wall Street, but losses were offset by gains in energy stocks. Full story
New Zealand shares ended at their highest in more than weeks on Monday after a strong showing by the business-friendly National Party in weekend elections. Australian shares ended flat. Full story
New Zealand shares rose on Monday after a strong showing by the business-friendly National Party in weekend elections, though the absence of an outright majority for any one party lent an air of uncertainty ahead of the formation of the next government. Full story
Australian shares are expected to pick up on Monday backed by firm oil prices and a positive finish last week on Wall Street. Oil prices ended about 1 percent higher on Friday as OPEC members said they may wait till January to make a decision about the extension of output cuts. Wall St Full story
Hundreds of people attended rallies in Australia's major cities on Sunday to protest an advertisement the Indian community described as "highly insulting" in its depiction of the Hindu deity Lord Ganesha. Full story
New Zealand Labour Party leader Jacinda Ardern said on Saturday evening she did not expect any immediate talks with populist politician Winston Peters, whose party was poised to play kingmaker after the hotly contested national elections. Full story
A damaged pipeline that resulted in a fuel shortage across New Zealand and grounded hundreds of flights will be restarted on Sunday after repairs were completed, officials said. Full story
New Zealanders go to the polls on Saturday in the most volatile and hard-fought race in recent history, which could usher in a change in openness to migration and trade and the central bank's approach to monetary policy. Full story
New Zealand will partially ease fuel rationing on Thursday night, a spokesman for the country's oil industry said, a sign that the five-day long fuel shortage that has caused air travel disruptions is subsiding. Full story
Commonwealth Bank of Australia has agreed to sell its life insurance unit to Hong Kong-based AIA Group for $3.1 billion, in the biggest Asian buyout of an Australian financial firm. Full story
Business confidence among Asian companies fell for the first time in three quarters in July-September as escalating geo-political tensions outweighed an improved performance by most economies in the region, a Thomson Reuters/INSEAD survey showed. Full story
New Zealand's National Party government on Wednesday set up a commission to oversee the response to a fuel shortage crisis that has roiled air travel in and out of the country's biggest city just days before a tight national election. Full story
A jump in holdings of palladium-backed exchange-traded funds is ratcheting up pressure on a market that has seen years of deficit, threatening to push prices, already up by a third this year, higher still. Full story
New Hope Corp is chasing more coal mine acquisitions in Australia over the next year to drive growth, its boss said on Tuesday after reporting a huge rise in annual profit on the back of an earlier expansion and higher coal prices. Full story
It is increasingly popular to write obituaries for coal, with analysts, market watchers, investors and utility bosses leaping on the bandwagon, declaiming that the days of the polluting fuel are numbered. Full story
Australian shares are expected to inch up on Monday, taking leads from Wall Street’s strong finish in the previous session, though lower metal prices could weigh on miners. U.S. stocks indices reached record highs on Friday, with the S&P 500 crossing 2,500 points as investors shrugged off Full story
Australia faces another electricity supply squeeze towards the end of the year, with wholesale power prices already soaring in the latest sign that the country's creaking power infrastructure is struggling to keep up with peak summer demand. Full story
When is rising Chinese demand for your natural resources not a good thing? When you are Australian and higher prices for coal and liquefied natural gas (LNG) are causing domestic shortages and soaring electricity prices. Full story
Australian shares slipped on Thursday after China reported weak factory data for August and metal prices tumbled overnight. Full story
Australian shares ended flat on Wednesday, after financials pared earlier gains that had tracked Wall Street's highs and telecom stocks weighed on the index. Full story
A measure of Australian consumer sentiment bounced modestly in September as worries over family finances warred with growing optimism about the economic outlook. Full story
Strong Asian demand for coal from Australia is depriving domestic power generators of fuel and driving electricity prices higher, energy providers and mining sources said. Full story
A measure of Australian business conditions climbed to its highest since early 2008 in August with a marked improvement in employment intentions burnishing the outlook for further jobs growth. Full story
Australian shares ended higher on Monday, as investors moved into beaten-down financial stocks in search of better yields, while low metal prices weighed on material stocks. Full story
Australian shares are set for a slow start on Monday, in line with a disappointing finish on Wall Street in the previous session after investors braced for potential damage from Hurricane Irma as it drove toward Florida. Sentiment is expected to be dampened further by weak commodity prices as st Full story
China, the world's top soybean buyer, imported 8.45 million tonnes of the oilseed in August, customs data showed on Friday, a record for the month of August, as improving margins boosted demand from buyers. Full story
China's General Administration of Customs says: Full story
Australian shares fell on Friday, dragged down by the energy and financial sectors, with Commonwealth Bank of Australia coming under renewed pressure as it struggled to shake off a money-laundering scandal that has shattered its reputation. Full story
A hotly contested New Zealand election is set to check its currency, though analysts expect a resurgence in commodity prices to boost the fortunes of the Australian dollar which is flirting with a two-year top. Full story
Australian households are burdened with very high levels of debt and sluggish income growth which leaves them vulnerable to economic shocks, a top central banker said on Tuesday. Full story
Australia's prudential regulator should be given powers as soon as October to cap bank executives' salaries, delay their bonuses and drive them out of the industry if they were guilty of wrongdoing, Treasurer Scott Morrison said on Monday. Full story
New Zealand's Labour Party leader Jacinda Ardern said on Monday she expected to reach out in the next couple of days to Winston Peters, the leader of the nationalist New Zealand First party that has emerged as the kingmaker after a general election. Full story
New Zealand's dairy group Fonterra on Monday reported an 11 percent fall in full-year profit as the company's milk production was hampered by bad weather, but it was upbeat about the coming year. Full story
The leaders of New Zealand's main parties prepared on Sunday to start talks with Winston Peters, the leader of a nationalist party who emerged as kingmaker after an inconclusive general election, but Peters indicated he was in no rush to pick a side. Full story
The kingmaker in New Zealand's general election said on Sunday that he has begun talking with members of his right-wing party about who they will support, but declined to put a timeframe on a decision. Full story
New Zealand National Party leader Bill English said on Saturday the nationalist New Zealand First Party would play a role in determining the next government after a hotly contested parliamentary election. Full story
Populist New Zealand First Party leader Winston Peters said on Saturday evening that he believed his party would decide the next government after the hotly contested national elections. Full story
Australia's Cromwell Property Group has put on hold its up to 927 million euros ($1.1 billion) initial public offering (IPO) of a real estate investment trust on the Singapore Exchange, according to a stock exchange filing. Full story
Australian shares were likely to open higher on Friday, despite a decline in commodity prices and a weak lead from Wall Street where U.S. stock indexes slipped on expectations for another interest rate hike this year and new U.S. sanctions against North Korea. The local share price index future Full story
Australian shares closed at their lowest in more than seven months on Thursday, dragged by financial and material stocks, after the U.S. Federal Reserve suggested a third interest hike might be on the table in December despite subdued inflation. Full story
Australian shares slipped to a three-week low on Thursday with broad-based losses after the U.S. Federal Reserve signalled it still expects one more interest rate hike by the end of the year despite a recent bout of low inflation. Full story
New Zealand's ruling National Party regained a wide lead over the opposition Labour Party in an opinion poll on Wednesday after party leaders went head-to-head in the final debate before Saturday's election. Full story
Australia's competition watchdog said on Wednesday the country's east coast gas exporters have not done enough to shore up local supply, in a warning shot ahead of a decision by the government on whether to curb LNG exports in 2018. Full story
Australian shares ended slightly lower on Tuesday, dampened by a sell-off in real estate stocks and top lenders including Commonwealth Bank of Australia. Full story
Australian shares were expected to open marginally higher on Tuesday, mirroring Wall Street where the S&P 500 ended slightly up ahead of a two-day U.S. Federal Reserve meeting. The U.S. central bank is widely expected to announce at the end of its meeting on Wednesday that it will start to Full story
Australia and New Zealand Banking Corporation said on Monday Baoshan Iron & Steel Co would buy part of its stake in Shanghai Rural Commercial Bank Co, rather than Shanghai Sino-Poland Enterprise Management Development Corp. Full story
Environmental activists are due to start a week of protests on Sunday against a major coal mining project they say will damage Australia's Great Barrier Reef and contribute to global warming. Full story
Australian shares were lower on Friday, due to metal prices that fell sharply overnight and a decline in financials, but the index was on track to end the week higher snapping three weekly sessions of losses. Full story
Australian shares slipped on Thursday after China, the country's biggest trade partner, reported a host of data that was largely below market expectations, and as metal prices extended losses. Full story
Commonwealth Bank of Australia successfully issued $3 billion in bonds in the United States, as investors looked past unprecedented money-laundering accusations levelled against Australia's largest lender. Full story
Australia's prudential regulator said on Wednesday that money-laundering accusations levelled at the Commonwealth Bank of Australia do not challenge the bank's viability. Full story
Australia's Newcrest Mining Ltd on Wednesday said it had restarted production at a second part of its flagship Cadia gold mine, which was damaged in an earthquake in April. Full story
Australian shares rose to a three-week high on Tuesday, lifted by financial and material sectors, as they benefited from Wall Street's strength after Hurricane Irma was downgraded to a tropical storm and caused less damage than initially feared. Full story
Australian shares are likely to open higher on Tuesday, taking cues from an upbeat close on Wall Street in the previous session as investors took heart from Hurricane Irma weakening to a tropical storm and North Korea not launching a missile over the weekend. The S&P 500 index closed higher, Full story
Macquarie Group, Australia's biggest investment bank, said on Monday it expects first-half net profit to be higher than the same period last year due to better performance fees, sending its shares higher. Full story
Australian shares ended lower on Friday with financials being the biggest drag after the banking regulator spelled out plans for a major investigation into back-to-back scandals at Commonwealth Bank of Australia . Full story
Australia's banking regulator will ask banks to keep aside more capital against their housing portfolio but does not expect overall ratios to rise beyond the existing benchmark of 10.5 percent, Chairman Wayne Byres said on Friday. Full story
China's General Administration of Customs says: Full story
Australian shares are likely to open steady on Friday, in line with Wall Street which was flat as media stocks weighed after negative business updates. Wall Street ended little changed after a moderate late-day rally as media stocks slumped on negative updates from Walt Disney Co and Com Full story
Australia shares advanced on Thursday, cheered by strength on Wall Street with the energy sector taking the lead from a rally in their U.S. peers, while global miner Rio Tinto jumped after it increased its coal reserve estimate. Full story
 
1  |  3