The U.S. dollar strengthened following Fed news after earlier hitting an 8-year high against the Japanese yen.» Read More
Fears that the Federal Reserve could raise interest rates sooner rather than later sent Asian indices spiraling on Wednesday.
SYDNEY, Sept 1- Australia's flagship airline, Qantas Airways Ltd, is making a mint helping other companies keep their customers- even as it struggles to retain the loyalty of its own. Rival carrier Virgin Australia Holdings announced on Friday it was offloading a stake in its loyalty plan.
NAB acquired regional lender Great Western in 2008 for just below $1 billion to get more involved in funding agribusiness in the United States, but the operation lacks the scale of larger competitors in the western states where it operates.
*Escalation of Ukraine tensions pushes up yen, Swiss franc. NEW YORK, Aug 28- The dollar got a modest lift on Thursday from better-than-expected U.S. economic data and a worsening of the Ukraine crisis that weighed on the steadily declining euro.
*London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.
*BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
National Australia Bank posted a 7 percent rise in third-quarter unaudited cash profit, led by higher mortgage growth and lower bad debt charges.
Most Asian equities traded higher on the last trading day of the week, taking cues from a firm finish on Wall Street overnight.
Commonwealth Bank of Australia (CBA) said its full-year cash profit grew about 12 percent on strong growth in loans and lower bad debt provisions.
Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.
*U.S. launches air strike in Iraq. The United States launched its first air strike against Iraq since American troops withdrew from the country in 2011. Fighting has also resumed in Gaza between Palestinian militants and Israel, while the conflict between Russia and Ukraine remained on investors' radar.
The euro climbed from an eight-month low on Thursday after German and French business activity beat expectations.
MELBOURNE/ LONDON/ RIO DE JANEIRO, July 24- After two years of shunning miners, investors are tiptoeing back into the sector on signs of growth perking up in China, company austerity measures paying off, and prices of nickel, copper and aluminum picking up as supply tightens.
Australia equities are a resilient lot, shrugging off a slew of economic headwinds this year to trade at nearly six-year highs.
Asian stocks were mostly higher on Tuesday as investors awaited Federal Reserve Chair Janet Yellen's two-day testimony later in the day.
When Japan's PM Shinzo Abe came to power, he hoped a weaker yen would give exporters a boost and spur the inflation needed to revive Japan's economy.
Asian stocks were mixed on Friday on fears that issues at Portugal's biggest bank could hurt European periphery markets.
Australian consumer sentiment improved in July as family finances worries eased, though the impact of an unpopular federal budget continued to linger.
The Aussie dollar may have soared to eight-month highs this week but parity against the U.S. dollar is still a long way off, analysts say.
MAULES CREEK, Australia, June 24- A farmer's habit of rising before dawn finds Cliff Wallace alone most mornings while a rag-tag army of anti-coal activists camped in tents and tee-pees on his land catch a few more hours sleep.