United Kingdom

Devika Syamnath

Hong Kong protests push insurer AIA to worst quarterly new business growth

28 Oct 2019

Asia-focused insurer AIA Group Ltd posted its smallest ever quarterly growth in new business value, as anti-government protests in Hong Kong hit sales of insurance products to mainland Chinese visitors.

Treasury Wine CEO who led 'extraordinary transformation' retires, shares tumble

21 Oct 2019

Australia's Treasury Wine Estates Ltd (TWE) on Monday said "transformative" Chief Executive Michael Clarke would retire in early fiscal 2021, a surprise move which sent shares of the world's biggest standalone winemaker down more than 12%.

Australian shares drop on global slowdown worries; NZ dips

18 Oct 2019

Oct 18 Australian shares dropped on Friday as a weaker U.S. dollar dented blue-chip healthcare firms that have offshore operations, while fears of a slide into recession continued to dog sentiment amid scepticism over the Brexit deal and Sino-U.S. talks.

Australian shares retreat after 5-day rally as miners slump

17 Oct 2019

Oct 17 Australian shares inched down on Thursday, with heavyweight mining stocks extending sharp losses into a third session as iron ore prices continued to slide on worries over Chinese demand.

Australia shares extend rally for 5th day cheered by Wall St

16 Oct 2019

Oct 16 Australian shares rose on Wednesday, boosted by a solid start to the U.S. earnings season and reports that Britain still has a chance of avoiding a messy exit from the European Union.

Australian shares inch up, miners sag on China demand worry

15 Oct 2019

Oct 15 Australian shares notched modest gains on Tuesday, as mixed signals on Sino-U.S. trade curbed risk taking, while mining stocks stumbled after weak trade data from top consumer China.

Australia, New Zealand shares move higher on trade progress

14 Oct 2019

* Santos jumps on acquisition of some local ConocoPhillips assets

Air New Zealand entices Walmart U.S. boss Foran home to lead airline

11 Oct 2019

Air New Zealand Ltd named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.

Australia's Orora to sell fiber arm for $1.2 billion, with big return for shareholders

10 Oct 2019

Australian packaging maker Orora Ltd said Thursday it will sell its local fiber materials business to Japan's Nippon Paper Industries for A$1.72 billion ($1.15 billion), simplifying its operations and sending its shares up 20%.

Asian units up as slowdown fears lift hopes for Fed rate cuts

03 Oct 2019

Most Asian currencies edged up on Thursday as weak U.S. economic data renewed hopes that the Federal Reserve will resume making rates cuts to prop up growth rate in the United States.

World News