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Australia & New Zealand

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  • Australian Inflation Gauge Rises in February Sunday, 4 Mar 2007 | 10:18 PM ET

    A private-sector measure of Australian inflation rose 0.2% in February as housing rents recorded their biggest increase in the history of the series.

  • Australia Manufacturing Activity Jumps in February Wednesday, 28 Feb 2007 | 7:39 PM ET

    Australian manufacturing activity expanded sharply in February, driven by a strong turnaround in foodstuffs and faster growth in the coal and petroleum sectors, a private survey reported on Thursday.

  • Interest Rate Rise Likely in Australia Tuesday, 20 Feb 2007 | 10:40 PM ET

    Australia's top central banker said that interest rates were more likely to rise than fall in the months ahead, though he was more confident that past rate increases would contain inflation.

  • Analysts: Alcoa Takeover Bid Unlikely Wednesday, 14 Feb 2007 | 3:05 AM ET

    Potential takeover bids of Alcoa by one of two Australian-based companies reportedly considering such a move were unlikely because of the U.S. aluminum producer's company dynamics, cost factors and increasing Chinese competition, analysts said Wednesday.

  • Australia's Jobless Rate Hits New 30-Year Low Wednesday, 7 Feb 2007 | 9:32 PM ET

    Australian employment dipped unexpectedly in January, but the jobless rate hit a new 30-year low of 4.5%, keeping alive the risk that a lack of suitable labor will eventually generate wage and price pressures.

  • BHP Billiton Profit Up 41%, Goodyear to Retire Wednesday, 7 Feb 2007 | 10:45 AM ET

    World number one miner BHP Billiton said Chief Executive Chip Goodyear will step down by the end of 2007, as it posted a 41% rise in first-half net profit and added $10 billion in share buybacks.

  • Macquarie Bank, Australia's top investment bank, said it expects a strong increase in full-year profit, but warned second-half earnings would be slightly below the first-half result.

  • Australia's Trade Deficit Widens, Drags on Growth Thursday, 1 Feb 2007 | 10:57 PM ET

    Australia's trade deficit widened 52% in December as imports of capital goods climbed while the drought hit farm exports, implying trade cut a sizable chunk out of economic growth for the fourth quarter as a whole.

  • Australia Inflation Slows, Curbs Rate Risks Tuesday, 23 Jan 2007 | 10:44 PM ET

    Australia's underlying inflation rate slowed by more than expected in the fourth quarter while consumer prices fell for the first time in eight years, greatly lessening the risks of another rise in interest rates.

  • Australian energy retailer AGL Energy said it has approached Origin Energy about a potential A$13 billion (US$10 billion) merger to create the country's biggest gas and electricity supplier.

  • Australia's monopoly wheat exporter, AWB Ltd., will lose its right to veto wheat export deals by its rivals for six months, Prime Minister John Howard said Tuesday.

  • Australia's Current Account Deficit Narrows Monday, 4 Dec 2006 | 9:33 PM ET

    Australia's current account deficit narrows  in the third quarter as improved trade performance added to economic growth for the first time in almost five years.

  • Insurance Australia Group Ltd. has agreed to buy British auto insurance underwriter Equity Insurance Group for $1.13 billion, its second acquisition in the UK market.