Australia shares rise, on track for best week since March; NZ up

By Rushil Dutta Undated, Jun 16 : Australian shares rose on Friday, and were on track for their biggest weekly gain in over two months, led by gains in defensive stocks and financials. The S&P/ASX 200 index, which fell 1.2 percent on Thursday, was up 0.3 percent, or 15.11 points, to 5,778.3 by 0319 GMT, […]

Australia introduces illegal gun amnesty after Islamist-inspired attacks

By Colin Packham SYDNEY, Jun 16 : Australia said today it would introduce a three-month national gun amnesty, the first in more than 20 years, in a bid to reduced the number of illegal firearms which have been used in recent Islamist-inspired attacks. Australian Justice Minister Michael Keenan said that from July 1, locals can […]

Australia’s old media moguls unite to fight online giants

By Byron Kaye SYDNEY, Jun 2 : Bosses of Australia’s media companies, including an arm of Rupert Murdoch’s News Corp , have formed an unprecedented front to lobby for changes they say will allow more consolidation and help them compete with internet giants. This week, in a show of unity, chief executives of companies from […]

Australian dlr falls for a 4th day, NZ$ near 2-month peak

By Swati Pandey and Ana Nicolaci da Costa SYDNEY/WELLINGTON, May 30 : The Australian dollar slipped for the fourth straight session on Tuesday to a near 1-1/2 week low on continued weakness in the price of iron ore – the country’s top export earner. The Australian dollar edged 0.17 percent lower to $0.7424, a level […]

Australia shares rebound a little as financials, miners gain; NZ higher

By Rushil Dutta Undated, May 30 : Australia’s shares rose slightly on Tuesday, as gains in mining and financial stocks offset losses elsewhere, in low trading volumes as markets in the United States, Britain and China were closed for holidays. The S&P/ASX 200 index was up 0.16 percent to 5,716.30 at 0356 GMT. On Monday, […]

Australia housing construction boom shows signs of slowing down

By Swati Pandey SYDNEY, May 30 : Australia is witnessing a cooling off in its biggest-ever home-building boom as approvals for new projects sank 17.2 percent in April, a turnaround that could undermine policymakers’ hopes for solid economic growth over the next two years. Building approvals have been on a decline since last August, with […]