Edition:
United Kingdom

Byron Kaye

Australia regulator sues NAB, first lawsuit resulting from bank inquiry

23 Aug 2019

SYDNEY An Australian regulator filed a lawsuit on Friday against No. 3 lender National Australia Bank Ltd accusing it of taking loan applications from unlicensed "introducers", the first lawsuit stemming directly from a finance sector inquiry.

UPDATE 2-Australia regulator sues NAB, first lawsuit resulting from bank inquiry

23 Aug 2019

* NAB accused of taking loan applications from unlicensed professionals

UPDATE 3-Australia's Coles warns rival's 'Ooshies' collectables to pressure sales

22 Aug 2019

* Shares up 4% (Recasts with plastic toy promotion; adds CEO comments)

Australia's Crown Resorts sees profit dip on China gambling lull

21 Aug 2019

SYDNEY Australian casino giant Crown Resorts Ltd said on Wednesday its annual profit fell on less gambling by Chinese tourists, and it again denied media reports alleging the company flouted visa rules that have triggered three regulatory probes.

Australia's Treasury Wine posts record profit on strong China demand

15 Aug 2019

SYDNEY/BENGALURU Australia's Treasury Wine Estates posted a record annual profit due to robust demand for its premium wines in China, adding that its strategy to geographically diversify was helping it cope with the U.S.-China trade war.

Knife-wielding man goes on Sydney rampage, one woman dead

14 Aug 2019

SYDNEY A man went on a stabbing rampage in downtown Sydney on Tuesday, killing one woman and wounding another before he was restrained by members of the public, police said, adding they were not treating it as a terrorist incident. | Video

Australian regulator loses court battle against Westpac over lending standards

13 Aug 2019

SYDNEY An Australian court on Tuesday dismissed allegations that Westpac Banking Corp had approved mortgages without adequate credit checks, dealing a blow to the regulator's efforts to toughen lending standards.

Australia's JB Hi-Fi rings up a bumper profit, shares hit record high

12 Aug 2019

SYDNEY/BENGALURU Australian No. 2 electronics chain JB Hi-Fi Ltd defied a gloomy retail market by posting an annual profit that beat forecasts, sending its shares to a record high amid hopes it would benefit even further from recent economic stimulus.

UPDATE 2-Australia's JB Hi-Fi rings up a bumper profit, shares hit record high

12 Aug 2019

* Result defies Australian retail downturn (Recasts with shares reaction, adds analyst quote)

Australia's AMP draws 'line in sand' as funds drain away

08 Aug 2019

SYDNEY Troubled Australian wealth manager AMP Ltd sought investor support for a capital raising to fund a turnaround plan on Thursday, as it posted its biggest half-year loss as a listed company following damaging revelations of misconduct.

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