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.
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.
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.
* Second listing on NZX this year after Cannasouth float in
(Rewrites throughout; adds CEO and analyst comments, background
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.
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.
* Posts lowest annual profit and final dividend since
* Record FY profit at $1.92 billion, up 11%
(Recasts, adds share move, analyst comment, segmental sales)
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.
* To not pay a dividend in fiscal 2019
(Adds adviser comment, background on performance)