Rushil Dutta

Australia's Qantas reports dip in domestic demand; shares slide

Oct 24 2019

Australia's Qantas Airways Ltd said on Thursday it would increase domestic capacity to maintain market share against rival Virgin Australia Holdings Ltd even as it reported lower revenue from those routes, sending shares tumbling almost 6%.

Australia's Afterpay attempts to stem share slide as regulatory scrutiny mounts

Oct 20 2019

Australia's Afterpay Touch Group Ltd on Monday moved to stem speculation about adverse changes to the country's payments regulation that have hammered its share price for several days, saying it was not currently subject to any inquiry by the central bank.

UPDATE 2-Australia's Afterpay attempts to stem share slide as regulatory scrutiny mounts

Oct 20 2019

* Analysts say regulatory issues likely to linger (Recasts and updates throughout with more detail, share price, analyst comment)

Australia's IOOF Holdings to pick ANZ pension assets cheaper, shares jump

Oct 17 2019

Australia's IOOF Holdings said on Thursday it agreed on a cheaper purchase price for Australia and New Zealand Banking Group's pension assets, giving its shareholders another reason to rejoice after a landmark court case win last month.

Analysts downgrade long-term Aussie forecast on dovish RBA, NZ$ seen slipping: Reuters poll

Oct 04 2019

SYDNEY Analysts trimmed their long term forecast for the Australian dollar, a Reuters poll showed, as markets priced in more interest rate cuts by the country's central bank, including unconventional monetary easing measures.

Australian dlr slips to 1-month low after RBA rate cut, NZ$ hits 4-yr trough

Oct 01 2019

SYDNEY, Oct 1 The Australian dollar weakened to a one-month low on Tuesday after the central bank cut rates to a record low, while its New Zealand counterpart stumbled after the country's business confidence deteriorated in the September quarter.

Lenovo warns of price hikes to absorb U.S. tariffs, shares slide

Aug 15 2019

China's Lenovo Group, the world's largest PC maker, warned it will have to raise product prices if U.S. tariffs increase, sending its shares tumbling 6.5% to two-month lows.

UPDATE 2-Australia's NAB posts flat Q3 cash profit as bad debts, costs rise

Aug 13 2019

* Australia's third-biggest lender posts A$1.65 bln cash earnings

Australian shares edge lower as energy firms lead losses, NZ up

Jul 17 2019

July 18 Australia shares eased on Thursday, tracking declines on Wall Street while the energy sector led losses due to softer oil prices and Woodside Petroleum's disappointing quarterly revenues.

BHP, financials help Australia shares snap 3-day losing streak, NZ flat

Jul 16 2019

July 17 A surge in shares of BHP Group helped lift the Australian market and the resources sector on Wednesday after the world's biggest miner reported a rebound in iron ore output for the fourth quarter.

World News