11 hrs ago
Australia: Shares slip to 8-week lows, QBE plummets on profit warning
QBE Insurance Group Ltd dived 19.2 per cent to a 9-1/2-month low of A$12.48 after the company said it expected to report a net loss for the 2013 fiscal year, hurt by claims increase and goodwill writedowns in its North American operations.
Thu Dec 05, 2013
Australia shares slide to 8-week low on Fed concerns, US jobs eyed
Australian shares dropped to an eight week-low on Friday morning, as persistent speculation of an imminent reduction in U.S. stimulus kept investors nervously awaiting a crucial U.S. jobs report later in the day.
Wed Dec 04, 2013
Australia shares slip on Fed taper speculation; miners cap losses
Australian shares fell 0.6 percent on Thursday morning after Wall Street finished lower on speculation that better U.S. data might open the door wider for the Federal Reserve to start trimming its stimulus soon.
Mon Dec 02, 2013
Australia's CBA steps up ship lending despite sector downturn
Commonwealth Bank of Australia is stepping up lending in shipping, a top bank official said, just as European rivals cut capital exposure to the seaborne sector.
Sun Dec 01, 2013
Insurers put focus on future growth
But Tower Insurance chief executive David Hancock bats this away with good humour.
Fitch Affirms Medallion Trust Series 2008-1R
SYDNEY, December 01 Fitch Ratings has affirmed the ratings of Medallion Trust Series 2008-1R, a securitisation of Australian residential mortgages originated by Commonwealth Bank of Australia Limited , as follows: AUD 66,379.8m Class A affirmed at 'AAAsf'; Outlook Stable; and AUD 1,807.2m Class B affirmed at 'AAsf'; Outlook Stable.
Sun Nov 24, 2013
The Washington Post
Dexus, CPPIB Lose Exclusivity on Commonwealth Bank Fund Bid
Canada Pension Plan Investment Board and Dexus Property Group lost exclusive access to negotiations in their bid for Commonwealth Bank of Australia's listed office trust, after failing to match a A$3 billion offer from GPT Group.
Australia shares rise on financials, weaker Aussie dollar
Australian shares rose 0.6 percent on Monday morning, buoyed by a strong financial sector after Wall Street climbed to record highs, with a weaker Australian dollar supporting stocks of companies with a large offshore exposure.
Commonwealth Bank of Australia Rating Reiterated by Deutsche Bank
's stock had its "hold" rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Sunday, American Banking News reports.
Wed Nov 20, 2013
Australia shares dip on Fed minutes, investors eye China factory data
Australian shares dipped 0.3 percent on Thursday, weighed down to one-month lows after Fed minutes showed the U.S. central bank's stimulus programme could be scaled back in the next few months, while investors remained cautious ahead of key manufacturing data from China due later in the day.
The Washington Post
Dexus Won?t Accept GPT's Offer for Commonwealth Office Fund
Dexus Property Group, Australia's biggest listed office landlord, won't accept GPT Group's A$1.27- a-share offer to take over Commonwealth Bank of Australia's office trust, in which it has a 15 percent interest.
Frost, rains hit Australia wheat crop, drag on quality
Unseasonal rains in Western Australia and frost on the country's east coast have hit wheat crops in the world's No.2 exporter of the grain, dragging down quality and reducing harvests.
Tue Nov 19, 2013
Asian Stocks Fall, Led by Australian Banks, WorleyParson
Asian stocks fell for a second day as Australian banks declined and WorleyParsons Ltd. cut its profit forecast, overshadowing Federal Reserve Chairman Ben S. Bernanke saying low U.S. interest rates will remain low.
Mon Nov 18, 2013
GPT Rivals Dexus, CPPIB With A$1.272-a-Share Offer for CPA
GPT Group , Australia 's third-biggest diversified property trust by market value, has made a A$1.272-a-share offer for Commonwealth Bank of Australia 's listed office trust, rivaling a joint bid by Dexus Property Group and the Canada Pension Plan Investment Board.
Sun Nov 17, 2013
Australia shares pulled down by bluechips, Warrnambool soars
Australian shares fell 0.6 percent on Monday, pulled down by bluechip stocks in a broad sell-off after a bullish October, though sentiment was buoyed by Wall Street hitting new highs and a surge in takeover-target Warrnambool Cheese.
Fri Nov 15, 2013
Rinehart Bidders Said to Submit Offers for A$7 Billion Financing
Australia's four largest banks are expected to bid to join the A$7 billion financing of Gina Rinehart 's Roy Hill mine development by today's deadline, four people familiar with the matter said.
Wed Nov 13, 2013
Australia shares up 0.7 pct on banks, Yellen remarks
Australian shares gained 0.7 percent on Thursday morning, led by a recovery in banks and on dovish remarks from Federal Reserve Vice Chair Janet Yellen.
Tue Nov 12, 2013
Australia shares fall to 3-wk lows, Fed uncertainty sours mood
Australian shares slipped 0.5 percent to three-week lows on Wednesday morning as uncertainty surrounding the timing of stimulus-tapering in the United States undermined sentiment.
Mon Nov 11, 2013
Dexus, Canada fund buy A$2.8b trust
Rising values: Dexus raised the bid because recent valuations pushed up the values of some Sydney properties and had an impact on NTA, said Winston Sammut, managing director at Maxim Asset Management.
Kiwi Income Property Trust a " Internalisation Recommendation
Subject to Unit Holder approval, the Independent Directors of Kiwi Income Properties Limited, the Manager of Kiwi Income Property Trust, and Commonwealth Bank of Australia have reached agreement to internalise the management of Kiwi Income Property Trust for a net payment of approximately $70.6 million.1 2 Based on 31 March 2013 financial ... (more)