Paulina Duran

Australia, NZ dlrs dragged lower by iron ore weakness

1:42am EDT

SYDNEY, June 22 The Australian and New Zealand dollars fell on Tuesday amid further weakness in iron ore prices, as China tightens its oversight of the market and targets speculative trading and steel production.

SpaceX's Starlink expects it can provide global coverage around September

12:10am EDT

SYDNEY Starlink, the satellite internet unit of Elon Musk's SpaceX, expects to be able to provide continuous global coverage by around September but will then need to seek regulatory approvals, its president Gwynne Shotwel said on Tuesday.

Australia, NZ dlrs take breather but still trading near multi-month lows

Jun 21 2021

SYDNEY, June 21 The Australian and New Zealand dollars edged higher on Monday, taking a breather after recent losses made against the greenback, which has been buoyed by hawkish comments from the Federal Reserve last week.

Australia's CBA sells general insurance unit to S. Africa's Hollard Group

Jun 20 2021

SYDNEY (Reuters) -Commonwealth Bank on Monday said it would sell its Australian general insurance business to South Africa's biggest privately-owned insurer Hollard Group, marking the completion of a multi-year divestment strategy following a series of scandals.

Australia's corporate watchdog defends actions over Nuix IPO

Jun 18 2021

SYDNEY Australia's corporate regulator on Friday defended its actions in allowing the initial public offering of Macquarie Group-backed software provider Nuix last year, despite a law firm flagging concerns with its prospectus.

Australian watchdog sues Woolworths over staff underpayments

Jun 17 2021

SYDNEY Australia's largest supermarket chain Woolworths Group is being sued by the country's industrial relations watchdog for underpaying staff, more than a year after the retailer admitted not paying thousands of workers in full.

Australian regulator asks big banks to control risky lending

Jun 16 2021

SYDNEY Australia's banking watchdog has asked the country's big banks to give assurances they are lending responsibly and managing risks in their home loan books amid sky-rocketing house prices and signs of increased risky lending, regulators said Thursday.

Australia, NZ dlrs range-bound ahead of Fed meeting

Jun 15 2021

SYDNEY, June 15 The Aussie and kiwi dollars traded in tight ranges ahead of a much-anticipated Federal Reserve meeting, after Reserve Bank of Australia minutes briefly weighed on the Aussie dollar earlier in the day.

Software maker Altium rejects $3.9 billion takeover bid from Autodesk

Jun 07 2021

SYDNEY/BENGALURU Australian-listed software maker Altium rejected a $3.9 billion takeover bid from U.S. peer Autodesk Inc on Monday as too low, but kept the door open for a higher offer as its shares leapt to near six-month highs.

Australia, NZ dlrs take breather after volatile week

Jun 07 2021

SYDNEY, June 7 The Australian and New Zealand dollars were little changed in thin trading on Monday, after a volatile week that ended with both currencies benefiting from a weaker dollar on Friday following disappointing U.S. non-farm payrolls data.

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