China says had “professional” encounter with Australian warships in SChina Sea

By Philip Wen and Sonali Paul BEIJING/MELBOURNE, Apr 20 : Chinese and Australian naval vessels had an “encounter” in the South China Sea this week, and China acted professionally and lawfully, its defence ministry said, rejecting reports China challenged Australian warships. The Australian Defence Department confirmed three ships had recently travelled to Ho Chi Minh […]

Australia shares lose steam as materials retreat; NZ down

By Chris Thomas Undated, Apr 20 : Australian shares eased on Friday as the recent commodity prices rally paused for breath, while a weak finish on Wall Street overnight, fuelled by concerns about smartphone demand, weighed on wider sentiment. The S&P/ASX 200 index fell 0.1 percent or 7.4 points to 5,873.6 by 0303 GMT, but […]

Australia, NZ dlrs downbeat on diverging rate outlook

By Swati Pandey and Charlotte Greenfield SYDNEY/WELLINGTON, Apr 20 : The Australian and New Zealand dollars hit multi-day lows on Friday and were poised to finish the week in the red as traders wagered interest rates in both countries will remain at record lows for a long time to come. The Australian dollar fell as […]

Australian shares rise for 5th day as investors dig miners; NZ also up

By Chris Thomas (Rptng, correcting date in dateline) Undated, Apr 19 : Australian shares rose for a fifth straight session on Thursday, with material stocks claiming the largest share of the gains on the back of surging metal and oil prices. The S&P/ASX 200 index rose 0.6 percent or 32.2 points to 5,893.6 by 0223 […]

Australian shares rise for 5th day as investors dig miners; NZ also up

By Chris Thomas Undated, Apr 20 : Australian shares rose for a fifth straight session on Thursday, with material stocks claiming the largest share of the gains on the back of surging metal and oil prices. The S&P/ASX 200 index rose 0.6 percent or 32.2 points to 5,893.6 by 0223 GMT. The benchmark rose 0.3 […]

Australia employment soft in March, record run ruined by revisions

By Wayne Cole SYDNEY, Apr 19 : Australian employment barely rose in March while a sharp downward revision to February ruined a record-breaking run of gains, a disappointing outcome that hurt the local dollar and reinforced the case against a rate hike. Thursday’s figures from the Australian Bureau of Statistics showed just 4,900 net new […]