China Mengniu Dairy Co unveiled a plan to buy infant formula maker Bellamy's Australia Ltd for A$1.43 billion ($983 million), a lifeline for a target beset by regulatory problems that sent its shares soaring.
Sept 2 Australian shares were little changed on
Monday as investors stayed cautious, contemplating the
after-effects of another round of tariff hikes in the festering
trade war between the United States and China.
* Shares fall on uncertain outlook
(Adds CEO comment, share movement, context)
Aug 23 Australian shares are set to post their
first weekly gain in four on Friday, as strength in heavyweight
financial stocks and significant gains in real estate firms
pushed the benchmark higher.
Aug 22 Australian shares advanced on Thursday as
upbeat earnings from local firms and U.S. retailers lifted
sentiment even as many investors remained anxious about the
outlook for economic growth.
* Co flags flat growth in fiscal 2020
(Recasts, adds comments from CEO & analyst, share movement)
Aug 21 Australian shares declined on Wednesday
as a brief two-day streak of gains gave away to renewed worries
about the global economy, with miners and retailers dragging
down the broader market.
* Energy sub-index rallies, after gain in oil prices on
Aug 19 Australian shares gained on Monday,
powered by energy firms and heavyweight financial stocks as
retreating recession worries helped Wall Street eke out gains
after a tumultuous week.
Most Asian currencies weakened on Thursday as recession warnings from the U.S. bond market dented investor risk appetite, cutting short a modest respite after the United States delayed some tariffs on imports from China.