By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Australian inflation tops the Asian-Pacific economic calendar on Wednesday with the latest Chinese lending figures potentially due for…
By Rishav Chatterjee (Reuters) -Australia’s Domino’s Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than 2023 as it continues to cut costs. Domino’s reported earnings…
(Reuters) – Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts at Macquarie…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Australia’s central bank grabs the Asia-Pacific spotlight on Tuesday, its latest interest…
By Devayani Sathyan BENGALURU (Reuters) – Australian home prices likely bottomed much earlier than previously expected and will rise for the rest of this year and next, as the Reserve Bank of…
(Reuters) – National Australia Bank is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial…
By Himanshi Akhand and John Biju (Reuters) – Australian supermarkets are set to report stronger full-year earnings as decades-high inflation propped shelf prices, but outlook on consumer behaviour with rising borrowing costs…
(Reuters) – Australian telecom firms Telstra Group and TPG Telecom on Monday said separately they would not appeal the country’s competition tribunal’s decision to block an asset transfer deal between the two…
(Reuters) – Australia’s prudential regulator said on Wednesday Bendigo and Adelaide Bank no longer needs to keep an additional amount of cash reserve after the mid-sized lender took steps to rectify issues…
By Upasana Singh and Rishav Chatterjee (Reuters) – Australia’s biggest banks are likely to report narrower profit margins in the June quarter as an unprecedented pace of interest rate hikes to curb…
(Reuters) -Australia’s competition regulator on Monday said it has delayed its decision on ANZ Group Holdings’ proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank by a week to August 4, and…
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate…
By Vivek Mishra BENGALURU (Reuters) – Australia’s housing market outlook has improved significantly, with home prices expected to on average stagnate this year compared to the near double-digit fall predicted three months…
(Reuters) – Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could be squeezed by the fierce competition for…
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A bumper data dump on Wednesday kicks off the new trading month in Asia, with…
By Stella Qiu SYDNEY (Reuters) – The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The global inflation focus turns to Australia’s November figures on Wednesday, and will shine a…
By Riya Sharma and Savyata Mishra (Reuters) – Earnings of Australia’s two biggest supermarket chains may get a boost from sustained demand for groceries and other essentials, but their comments on costs…
By Tejaswi Marthi and Harish Sridharan (Reuters) – Australia’s biggest listed coal miners are expected to report record annual profits this week, underpinned by soaring commodity prices, even as they grapple with…
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever An insight into health of Australia’s labor market is the main focal point for markets in Asia on…