Edition:
United States

Byron Kaye

Australia's Treasury Wine posts record profit on strong China demand

Aug 15 2019

SYDNEY/BENGALURU Australia's Treasury Wine Estates posted a record annual profit due to robust demand for its premium wines in China, adding that its strategy to geographically diversify was helping it cope with the U.S.-China trade war.

Knife-wielding man goes on Sydney rampage, one woman dead

Aug 14 2019

SYDNEY A man went on a stabbing rampage in downtown Sydney on Tuesday, killing one woman and wounding another before he was restrained by members of the public, police said, adding they were not treating it as a terrorist incident. | Video

Australian regulator loses court battle against Westpac over lending standards

Aug 13 2019

SYDNEY An Australian court on Tuesday dismissed allegations that Westpac Banking Corp had approved mortgages without adequate credit checks, dealing a blow to the regulator's efforts to toughen lending standards.

Australia's JB Hi-Fi rings up a bumper profit, shares hit record high

Aug 12 2019

SYDNEY/BENGALURU Australian No. 2 electronics chain JB Hi-Fi Ltd defied a gloomy retail market by posting an annual profit that beat forecasts, sending its shares to a record high amid hopes it would benefit even further from recent economic stimulus.

UPDATE 2-Australia's JB Hi-Fi rings up a bumper profit, shares hit record high

Aug 12 2019

* Result defies Australian retail downturn (Recasts with shares reaction, adds analyst quote)

Australia's AMP draws 'line in sand' as funds drain away

Aug 08 2019

SYDNEY Troubled Australian wealth manager AMP Ltd sought investor support for a capital raising to fund a turnaround plan on Thursday, as it posted its biggest half-year loss as a listed company following damaging revelations of misconduct.

Australian medical booking app taken to court for doctoring reviews

Aug 07 2019

SYDNEY An Australian regulator has sued the maker of the country's biggest doctor-booking software app, accusing it of deleting negative reviews and selling the personal details of 135,000 people to health insurers without properly informing them.

UPDATE 1-Macquarie snaps up 49% of Australia's massive Cubbie Station from China's Ruyi

Aug 02 2019

SYDNEY, Aug 2 Australia's Macquarie Group has purchased a 49% stake in cotton farm Cubbie Station from a consortium led by Chinese conglomerate Shandong Ruyi for an undisclosed sum, the parties said in a joint statement on Friday.

Crown Resorts takes out newspaper ads in attack on 'deceitful campaign'

Jul 31 2019

SYDNEY Australian casino giant Crown Resorts issued full-page newspaper ads on Thursday describing recent media reports that alleged it pressured officials to fast-track visas for Chinese gamblers as a "deceitful campaign".

Rising shares, falling profit have Australian investors hunting yield

Jul 31 2019

SYDNEY Investors are hoping for generous dividend payouts as some of Australia's biggest companies look set to report profit declines this month, and will punish underperformance in a market trading at record highs, fund managers and analysts said.

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