SYDNEY Investors in Australian mortgage bonds are demanding higher premiums to buy the riskiest tranches of new debt, as a slowing economy stokes concerns a property downturn could get worse and increase home loan defaults.
WELLINGTON/SYDNEY Australia and New Zealand Banking Group Ltd (ANZ) said the head of its New Zealand unit has left over a dispute about personal expenses, a sign of heightened self-regulation at a banking giant following a bruising inquiry.
SYDNEY Australia's banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd's pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%.
SYDNEY AGL Energy Ltd took a second tilt at telecoms firm Vocus Group Ltd on Tuesday with a fresh A$3.02 billion ($2.10 billion) offer - just weeks after withdrawing a previous approach - as it looks to cross-sell to its big customer base.
SYDNEY A gunman killed four people and wounded one in the Australian city of Darwin on Tuesday, authorities said, in one of the country's most violent attacks in years. | Video
SYDNEY, June 4 Australia's treasurer accused
Australia and New Zealand Banking Group of putting
"profits before people" on Tuesday, after the bank, unlike
several rivals, failed to pass on the full benefit of a central
bank interest rate cut to borrowers.
SYDNEY AustralianSuper, the country's largest pension fund, plans to open an office in New York next year and expand its operations in London as part of a strategy to invest in and directly manage more offshore assets, Chief Executive Officer Ian Silk said.
SYDNEY AGL Energy said it made then quit a takeover play for Vocus as it could not agree on due diligence terms with the Australian telecoms company, which is looking at a separate $2.3 billion offer from Swedish private-equity firm EQT.
SYDNEY, May 30 National Australia Bank,
the country's fourth-largest lender, on Thursday raced to offer
discounts on some of its fixed-rate mortgages in anticipation of
a rate cut by the central bank next week.
* UBS expects measure would increase borrowing capacity by
(Recasts to include RBA speech, updates shares, adds analyst