Page 49 - Sameer Manekar News Today

By Reuters Staff 2 Min Read April 26 (Reuters) - Australian shares were subdued on Monday as losses in gold miners and technology stocks were offset by gains in banks and miners that rose after iron ore prices firmed. The S&P/ASX 200 index was down 0.13% at 7,052.20 by 0105 GMT, after having gained as much as 0.2%. Weighing on the sentiment was a three-day snap lockdown announced on Friday in Western Australia’s capital Perth after two people tested positive for COVID-19. The top percentage g...

By Reuters Staff (Corrects dateline) April 23 (Reuters) - Australia-listed Oil Search on Friday posted a 16% rise in first-quarter revenue from the prior three months, boosted by firmer realised prices for oil as COVID-19 vaccine rollouts helped improve demand for the commodity. The Papua New Guinea-focused firm’s operating revenue for the quarter ended March 31 rose to $301.5 million from $259.5 million in the previous quarter, beating RBC Capital’s estimate of $281.1 million. Total produc...

listed Oil Search’s quarterly revenue rises 16% April 23, 2021 April 22 (Reuters) – Australia-listed Oil Search on Friday posted a 16% rise in first-quarter revenue from the prior three months, boosted by firmer realised prices for oil as COVID-19 vaccine rollouts helped improve demand for the commodity. The Papua New Guinea-focused firm’s operating revenue for the quarter ended March 31 rose to $301.5 million from $259.5 million in the previous quarter, beating RBC Capital...

By Reuters Staff 2 Min Read April 22 (Reuters) - Australian shares were buoyed on Thursday by the mining, banking and technology sectors, although losses in energy stocks following an overnight drop in crude prices capped the gains. The S&P/ASX 200 index rose 0.5% to 7,033.2 by 0045 GMT, after shedding about 1% in the previous two sessions. Among other markets, Japan’s Nikkei rose 1.17%. S&P 500 E-minis futures were down 0.25%, while all three major U.S. indexes finished higher overnight. The...

By Reuters Staff (Adds shares) April 22 (Reuters) - AMP Ltd saw A$1.5 billion ($1.16 billion) in net outflows at its Australian wealth management business in the first quarter as the troubled financial firm continues to lose clients, sending its shares to a more than one-year low. The wealth manager did not give an update on its talks with U.S. private equity fund Ares Management, which last month expressed interest in buying all of its private market business that falls under its asset managem...

By Reuters Staff 1 Min Read April 22 (Reuters) - AMP Ltd said on Thursday assets under management at its Australian wealth management business increased by A$1.6 billion ($1.24 billion) in the first quarter on better market conditions and lower outflows from pension fund mandates. Assets under management at the unit jumped to A$125.7 billion in the three months ending March from A$124.1 billion at the end of December. ($1 = 1.2905 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; E...

Garuda Indonesia drops Australia court appeal in price-fixing case, told to pay $15 million fine Reuters 2 hrs ago © Reuters/REGIS DUVIGNAU FILE PHOTO: The logo of Garuda Indonesia is pictured on an Airbus A330 aircraft parked at the aircraft builders headquarters of Airbus in Colomiers (Reuters) - An Australian court ordered Garuda Indonesia to pay a fine of A$19 million ($15 million) in relation to a price-fixing case after Indonesias flag carrier dropped an appeal against the penalty ...

By Reuters Staff 2 Min Read April 20 (Reuters) - Australian shares slipped from 14-month highs on Tuesday, tracking losses on Wall Street, with technology and financial stocks weighing the most on the local benchmark. The S&P/ASX 200 index fell 0.5% to 7,030.10 by 0030 GMT, down after rising for five straight sessions to hit its highest level since Feb. 24, 2020 on Monday. It is off more than 2% from a record high scaled in February last year. Overnight, all three major U.S. indexes settled low...

Message : Required fields (Reuters) - An Australian court ordered Garuda Indonesia to pay a fine of A$19 million ($15 million) in relation to a price-fixing case after Indonesias flag carrier dropped an appeal against the penalty levied two years ago, a regulator said on Tuesday. The Federal Court asked Garuda to pay the sum after the airline withdrew its appeal against the May 2019 judgement which found it had fixed fees and surcharges for air freight services between 2003 and 2006, the Au...

* Crown Resorts jumps on offer to buyout James Packer * Travel stocks gain on Australia-NZ travel bubble * Energy stocks fall on weak oil prices April 19 (Reuters) - Australian shares edged higher in subdued trade on Monday, led by banks and miners, while some travel-related stocks advanced as a travel bubble between Australia and New Zealand began. The open-border system between Australia and New Zealand allows Australian residents to fly across the Tasman Sea for the first time in more than a...