Japan's stock market finished Thursday's session 7 percent lower, in a hugely volatile session which saw the Nikkei gain 2 percent in early trade only to dive to a one-week low late in the session.» Read More
Japan's stock market finished Thursday's session 7 percent lower, in a hugely volatile session which saw the Nikkei gain 2 percent in early trade only to dive to a one-week low late in the session.
Asian stocks widened losses on Thursday as investors worried over rising inflationary pressures in China, but South Korean shares rallied over 1 percent after the Bank of Korea surprised markets with a 25 basis point cut.
Mike Smith, CEO of ANZ, explains why the bank is unafraid of executing its pan-regional strategy.
National Australia Bank added to bumper bank earnings on Thursday with a 3.1 percent rise in first-half cash profit, propelling combined earnings at Australia's "Big Four" to a record high.
Australian stocks approached their highest levels in nearly five years on Wednesday after China's trade balance swung to a surplus in April while Japan's benchmark Nikkei remained the region's out performer, extending gains to hit a fresh near five-year high.
Sentiment in Asia turned cautious on Friday ahead of a key jobs report in the U.S. but Shanghai stocks rallied as investors cheered new measures by the Chinese central bank to open up its capital markets.
Westpac, Australia's third-largest lender, posted a forecast-beating half-year profit on Friday, rewarding investors with a special dividend.
Australian stocks retreated from Tuesday's four-and-a-half-year high after Chinese manufacturing data revealed the nation's economic recovery may not be on solid footing while the Nikkei 225 extended losses as the yen strengthened.
Asia's equity markets rose to fresh peaks on Tuesday, fueled by hopes of central bank stimulus but Japanese shares fell, weighed down by mixed economic data.
David Ellis, Head of Australian Banking Research at Morningstar Australasia says that despite modest credit growth, Australia's top lenders can generate solid earnings-per-share growth.
Australia's highly-regarded central bank governor, Glenn Stevens, will remain in his position for a further three years after his current seven-year term expires in September.
Australia and New Zealand Banking Corp, the country's fourth-largest bank, posted a 6.2 percent rise in first quarter earnings on Friday, boosted by strong global markets and Australian retail banking.
Australia's banks are cutting the cost of fixed-rate mortgages to their lowest in over two decades as a marked fall in funding costs and fierce competition combine to offer a glimpse of light.
Asian shares edged up on Friday after China's trade data for January beat forecasts to underscore a recovery trend, but prices were capped by investors seeking to book profits before next week's Chinese New Year holidays.
Lee Hsien Yang, the brother of Singapore's prime minister and chairman of Fraser and Neave (F&N), will enter a new chapter in his corporate life - and could well leave F&N - as the group looks set to be taken over by Thailand's third-richest man.
Alex Thursby, CEO, International & Institutional Banking, ANZ says unrest in the Middle East can bring about a lot of volatility, making it the number one biggest risk facing businesses.