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 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.
* Analysts say regulatory issues likely to linger
(Recasts and updates throughout with more detail, share price,
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.
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.
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
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.
* Australia's third-biggest lender posts A$1.65 bln cash
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.
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.