Aditya Soni

Bears dig in on most Asian currencies as trade war heats up: Reuters poll

Aug 29 2019

Investor sentiment towards most Asian currencies soured over the past two weeks, as an escalation in the tit-for-tat Sino-U.S. trade war added to fears of a recession in the world's largest economy and fuelled a flight from risk assets.

Australia's CBA reworks life insurance unit sale deal terms with AIA

Aug 22 2019

Commonwealth Bank of Australia has accepted A$150 million ($101 million) less for the sale of its life-insurance business to Hong-Kong based AIA Group , as it signed revised agreements to fast-track the long-delayed divestment.

Profit slumps at Australia's South32 as trade war hits aluminum prices

Aug 22 2019

Australian miner South32 Ltd reported a bigger-than-expected 25% drop in annual profit as the trade war between China and the United States hurt aluminum prices, sending its shares lower by as much as 5.8% on Thursday.

UPDATE 2-Napier Port soars on debut as investors toast rare New Zealand listing

Aug 20 2019

* Second listing on NZX this year after Cannasouth float in June (Rewrites throughout; adds CEO and analyst comments, background on listing)

REFILE-UPDATE 2-Australia's Domain sees signs for market recovery after annual loss

Aug 15 2019

Aug 16 Real estate classifieds platform Domain Holdings Australia on Friday posted a wider annual net loss as a steep property downturn led to a writedown, but the company sees green shoots of a market recovery in 2020, sending its shares higher.

Napier Port to go public in New Zealand's biggest listing in 2 years

Aug 14 2019

Aug 15 Napier Port Holdings, the operator of New Zealand's fourth largest port by container volume, filed for an initial public offering (IPO) that would be the country's first major float in two years.

UPDATE 2-Australia's Telstra posts lowest profit since listing, cuts dividend

Aug 14 2019

* Posts lowest annual profit and final dividend since listing

UPDATE 2-Australia's CSL sees another record profit in 2020; shares soar

Aug 13 2019

* Record FY profit at $1.92 billion, up 11% (Recasts, adds share move, analyst comment, segmental sales)

New Zealand's Fonterra to report loss of up to $436 million, stop dividend

Aug 11 2019

New Zealand's Fonterra , the world’s biggest dairy exporter, said on Monday it was on track to post an annual loss of as much as NZ$675 million ($436.25 million) due to a series of write-downs and that it would not pay a dividend this year.

UPDATE 1-ANZ scraps bonuses for staff, excluding top execs, in remuneration overhaul

Aug 05 2019

BENGALURU, Aug 6 Australia and New Zealand Banking Group said https://www.media.anz.com/posts/2019/08/anz-reforms-remuneration-structure on Tuesday it will scrap bonuses for about four-fifths of its staff, excluding top management, after a powerful inquiry identified a culture of greed at Australia's top financial firms.

World News