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Tag Archives: Australian

Australian, New Zealand shares soar

INCREASES

CANBERRA: Australian shares rose for a third-straight session on Friday, with financial leading broad gains as global equities firmed after weak US data dented the chances of an interest rate hike by the Federal Reserve next week. US August retail sales fell more than expected amid weak purchases of automobiles and a range of other goods. Other data on Thursday ... Read More »

Australian, New Zealand shares rise slightly

australian shares

SYDNEY: Australian shares rose slightly on Friday after an improvement in risk appetite helped the market notch the second largest weekly increase in four years. The S&P/ASX 200 index added 0.3 per cent or 13.53 points to 5,256.1 at the close of trade, showing a gain of 4 per cent for the week. New Zealand’s benchmark NZX 50 index edged ... Read More »

Australian, New Zealand navy ships seize 981kg narcotics worth $700m

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SYDNEY: Australian and New Zealand navy ships have seized more than $700 million in narcotics in the Middle East in a bid to cut off funding to terrorists. Royal Australian Navy frigate HMAS Newcastle netted 724kg of narcotics worth an estimated $597 million. During the same operation, New Zealand ship HMNZS Te Kaha seized 257kg of narcotics worth an estimated ... Read More »

Australian investor to build mine nearby Bogdanka worth of PLN 2.5b

MINE

WARSAW: PD Co, owned by Australian Prairie Mining has launched arrangements to construct a mine in the neighborhood of the Bogdanka plant (Lubelskie voivodship), Rzeczpospolita daily reported.  The company is looking for a financial partner to develop the project, whose value is estimated at PLN 2.5 billion. PD Co is going to extract 6 million tons of coal, half of ... Read More »

Australian investor to build mine nearby Bogdanka worth of PLN 2.5b

MINE

WARSAW: PD Co, owned by Australian Prairie Mining has launched arrangements to construct a mine in the neighborhood of the Bogdanka plant (Lubelskie voivodship), Rzeczpospolita daily reported.  The company is looking for a financial partner to develop the project, whose value is estimated at PLN 2.5 billion. PD Co is going to extract 6 million tons of coal, half of ... Read More »

Australian bank customer satisfaction falls for first time in three years

NAB

SYDNEY: Customer satisfaction with Australian banks has fallen for the first time in three years with ratings sliding for three of the nation’s four big banks, a report said on Friday. According to DBM’s Consultants’ Business Financial Services Monitor, customer satisfaction dropped for the Commonwealth Bank, National Australia Bank and Westpac in March. The ANZ bank’s approval rose slightly higher. ... Read More »

China court sentences Australian smuggler to death

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CANBERRA: A young Australian man has been sentenced to death and another is awaiting trial after being caught by Chinese authorities trying to smuggle methamphetamine from China to Australia. Queensland man Ibrahim Jalloh and another Australian citizen, Bengali Sherrif, were arrested by the Chinese authorities at Guangzhou airport in June last year, but until now their plight has remained secret. ... Read More »

Australian federal govt decides $500 million-a-year tax on bank deposits

tax law

CANBERRA: The nation’s biggest bank says the federal government’s $500 million-a-year tax on bank deposits might be passed on to customers via higher fees or lower interest rates for savers. The Commonwealth Bank of Australia said it backs the financial system inquiry’s recommendation that deposit insurance only be paid for after any bank collapse. An upfront levy, which is being ... Read More »

China bank to help Australian exports in future

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CANBERRA: China bank decided to help Australian exports companies in future. The Asia Infrastructure Investment Bank will create opportunities for Australian companies to sell more commodities such as iron ore, according to a rebuttal of Japanese and American arguments by Treasurer Joe Hockey. Australia is moving towards signing up as a founding member of the bank by early next week. ... Read More »

Australian dollar falling may force interest rates to go higher

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CANBERRA: Australian dollar falling may force interest rates to an average of 2 per cent for the end of the year and the first quarter of 2016. If the fall in the dollar continued, there could be another 5 per cent rise in the price of imports in 2015 and again in 2016. The Reserve Bank’s cash rate stands at 2.25 ... Read More »

Australian, New Zealand dollar strengthens against major currencies in Asian trade

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CANBERA: The Australian and New Zealand dollars strengthen against their major currencies in the Asian session on Wednesday after the results of a private survey released earlier today showed that China’s manufacturing sector rebounded unexpectedly in February. Flash data from Markit Economics showed that the HSBC flash manufacturing PMI rose to a four-month high of 50.1 in February from 49.7 ... Read More »

Australian fresh fruit banned by Vietnam importers

fresh fruits

HANOI: One of Vietnam’s key importers of fresh fruit has expressed its ‘regret’ at being unable to accept fruit from any Australian states. “Vietnam has appreciated for years the good quality of Australian fruits: Midnight Beauty, Thompson, Crimson and Red Globe grapes,” notes Peter Nghia, head of sales with the NC Group, Ltd. These are specific early season black grapes ... Read More »

Australian & NZ dollar tumble after BOC interest rate cut

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SYDNEY: The Australian and New Zealand dollars dipped after a surprise interest rate cut by the Bank of Canada (BoC) fueled speculation the Reserve Bank of Australia (RBA) could also ease soon. The Australian dollar slipped to US$0.8083, having shed more than 1% overnight. It was pulling closer to a six-year trough of US$0.8033 set earlier in the month. Resistance ... Read More »

Indonesia: Presidential decree rejects appeal of Australian against death plenty for smuggling

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JAKARTA: In 2005 nine Australians attempting to smuggle 8 kilograms (18pond) of heroin out of the Indonesia resort island of Bali. Myuran Sukumaran was one of nine Australians arrested in that case. “The presidential decree signed on December 30 stipulates that the clemency of an Australian on death row, Myuran Sukumaran, has been rejected,” Hasoloan Sianturi, a spokesman for the ... Read More »

Australian shares fall for second day on dropping oil

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WELLINGTON: Australian shares fell for the second day in a row, tracking weakness in Wall Street as tumbling oil and fears of Greece’s possible exit from the euro zone drove investors away from equities. The S&P/ASX 200 Index and the broader All Ordinaries Index each lost 0.2 per cent, on Wednesday to 5353.6 points and 5334.5 points respectively as the energy ... Read More »

Australian shares rise as iron ore commodity weakens

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SYDNEY:  Australian shares rose moderately on Monday as a rebound in the iron ore spot price helped investors shrug off broader commodities weakness and a lacklustre lead from offshore markets. Australia’s main index managed only a scant gain in 2014 as commodity prices tumbled, but New Zealand surged close to 18 percent. The S&P/ASX 200 index slipped in early trade ... Read More »

Australian shares hardly up in 2014, New Zealand index bags enormous gains with 17.5% rise

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SYDNEY: Australian shares looked set to end 2014 with a scant gain well below the past two years’ robust advances, and weak commodity prices could impact how the market performs in 2015. This year’s gain was likely to be around 1 percent, compared with 15 percent in both 2012 and 2013. The S&P/ASX 200 index drifted around its previous close, ... Read More »

Britain’s BG Group prepares to deliver first Australian LNG cargo worth $20.4b to China

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SYDNEY: Britain’s BG Group is preparing to deliver a first commercial liquefied natural gas (LNG) cargo to China from its new $20.4 billion Queensland Curtis LNG project in Australia. The British energy firm is looking to its Queensland Curtis project to help to turn around its fortunes as it has been hit by LNG production troubles in Egypt and a ... Read More »