Asian shares hit fresh highs on Tuesday, as investors deemed a Greek exit from the euro zone unlikely.» Read More
Australia took a double-whammy from record-low interest rates and commodity-price drops, but the selloff has left its market attractive to yield chasers.
Asian stock markets enjoyed an upbeat session on Friday, but volatile trade played out in Shanghai, with the benchmark index closing down 0.2 percent after jumping to a more than 4-year high.
Asian equity markets raked in gains on Thursday, as the fall in oil prices abated, while a positive finish on Wall Street overnight lifted trading sentiment.
On the first trading session of 2015, Asian equities were quiet on the back of a lack of foreign cues and economic data releases.
Fresh anxiety over the turmoil in oil markets and political uncertainty in Greece dragged most Asian indices lower on Tuesday, with Tokyo, Seoul and Hong Kong hitting new lows. Wall Street's mixed finish overnight did little to lift trading sentiment.
On the last trading session before Christmas, Asian indices largely rose, with the exception of China, as a strong U.S. growth report card revived risk sentiment.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
Asian indices were mostly lower on Wednesday as sluggish economic data from China spooked markets that were already under strain from political uncertainty in Greece and a rout in oil prices.
Asian equities were mostly higher on Monday as investors brushed off weak data, with China's benchmark index rising to a three-year high.
Major Australian banks will need as much as A$48 billion to move to the top quartile of global banks, to ensure they can survive a financial crisis.
SYDNEY, Dec 7- Major Australian banks will need as much as A $48 billion to move to the top quartile of global banks, analysts estimate, after a government-backed review on Sunday called for stronger capital levels to ensure they can survive a global financial crisis. The review was chaired by David Murray, former head of Commonwealth bank of Australia.
SYDNEY, Dec 7- Australia's major banks should set aside more capital to ensure they can survive a repeat of the global financial crisis, a government-backed review recommended on Sunday, a measure that may rein in the banks' hefty dividend payouts. The 348- page report chaired by David Murray rejected banks' concerns and argued that Australia's financial system...
SYDNEY, Dec 7- Australia's major banks should set aside more capital to ensure they can survive a repeat of the global financial crisis, a government-backed review recommended on Sunday, a measure that may rein in the banks' hefty dividend payouts. "Although no system can ever be bulletproof, Australia should aim to cultivate financial institutions with the...
The U.S. dollar reached fresh multiyear highs on Friday after a stronger-than-forecast November U.S. jobs report.
Abbott falters on infrastructure pledge, and risks becoming the first Australian premier to preside over a recession since the early 1990s.
NEW DELHI, Dec 4- India will press the Group of 20 economies to set a two-year deadline to reduce the cost of international money transfers, two government sources said, potentially saving more than $20 billion for developing countries. The world's largest recipient of remittances- of about $70 billion a year- won the backing of G20 leaders last month in Brisbane...
Asian indices traded mostly higher in Friday's afternoon session, after Japan's Prime Minister Shinzo Abe dissolved parliament's lower house.
A trade deal signed with great fanfare between China and Australia may not provide Australia with the economic boost that many anticipate.
*Hurdles to boosting Australian farm exports to China. SYDNEY, Nov 18- A trade deal signed with great fanfare between China and Australia has been touted as a major step towards Australia shifting its economy from a "mining boom" to a "dining boom," but the reality is likely to be more sobering. China is already Australia's top trading partner, with two-way trade of...
*Deals come as China, Australia sign landmark FTA. BEIJING, Nov 17- China is giving Australia more access to its capital markets and allowing it to clear yuan trades, measures that would boost Beijing's efforts to free Chinese financial markets and promote global usage of its renminbi currency. The agreements, which were announced by the Chinese central bank,...