Sept 11 Fonterra Co-Operative Group Ltd
, the world's biggest dairy exporter, said on Wednesday
that it will make organisational changes but it was too early to
say how many jobs may be affected as it shifts focus back home
to New Zealand.
Sept 5 Australian department store operator Myer
Holdings Ltd swung back to an annual profit on Thursday
as a turnaround strategy of ditching low-margin brands and
cutting floorspace put the struggling retailer back on track.
* Investors hoped for quicker turnaround - portfolio manager
(Adds details, CEO comment, and updates share movement)
Afterpay Touch Group , a loss-making Australian buy-now-pay-later company, said growth in the United States was exceeding its expectations, giving its shares a boost amid heightened regulatory scrutiny at home.
* Boral underlying net profit A$440.1 mln vs forecast A$476
* CEO declines to provide revenue outlook
(Recasts, adds CEO, analyst comments)
* Shares fall nearly 15% after annual profit misses
Aug 16 Australian shares were little changed on
Friday as recession fears offset the boost from financial stocks
with the benchmark on track to post its third straight week of
Aug 15 Australian and New Zealand shares fell
sharply on Thursday as investors sold off equities globally in
search of safety after a drop in a U.S. bond yield curve
highlighted the risk of recession.
* U.S. bonds signal recession, send shivers through world