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Australia stocks lost ground early Friday, with many mining shares lower after gains in the Australian dollar, even as the currency came off its highs of the day. The S&P/ASX 200 fell 0.3% to 4,767.80, with BHP Billiton Ltd. losing 1%, Alumina Ltd. off 2%, and Fortescue Metals Group Ltd. falling 2.3% after losses in iron-ore prices. The losses came as the Australian dollar bought 95.45 U.S. cents, off from 96.05 U.S. cents overnight but still above its previous day level of 95.36 U.S. cents. Shares of gold miner Newcrest Mining Ltd. tumbled 7.6% despite overnight gains for gold futures after the miner said it expects to write down up to 6 billion Australian dollar ($5.7 billion) due to previous weakness for the metal. Airlines suffered as well, with Qantas Airways Ltd. down 2.2% and Virgin Australia Holdings Ltd. losing 1.1%. The Australian Financial Review reported that Air New Zealand Ltd. was seeking permission to further raise its stake in Virgin Australia to 26 %, sparking takeove...
Starwood Hotels CEO Frits van Paasschen on the company's global expansion plans
Australian stocks moved higher in early Wednesday action, with the S&P/ASX 200 climbing 0.4% to 5,004.70, helped by strength in banks. After overnight gains for U.S....
Australia's competition regulator on Wednesday granted final approval for an alliance between Qantas Airways Ltd. (QAN.AU) and Emirates Airline that will see the car...
Australian stocks rose on Wednesday, with the S&P/ASX 200 index advancing 0.4% to 4,969.50 in early action. The volatile mining sector led the advance, with iron-ore...
2300 GMT [Dow Jones] Australia's S&P/ASX 200 is expected to suffer from jitters over Cyprus and disappointing European economic data, with IG strategist Evan Lucas t...
Australia's competition regulator is seeking more information about Tiger Airways Holdings Ltd.'s (J7X.SG) plans to sell 60% of its Australian unit to Virgin Austral...
Virgin Australia Holdings Ltd. (VAH.AU) Tuesday booked a 56% fall in first-half profit as intensifying competition in Australia's domestic travel market drove down t...
2259 GMT [Dow Jones] Australia's S&P/ASX 200 faces a drag from bearish FOMC minutes which pushed the S&P 500 down 1.2%, its biggest fall in 3 months. IG strategist E...
While American Airlines and US Airways struck notes of love and harmony on Thursday, their merger could set up a battle between two major banks over who can offer cr...
Australia's competition regulator Thursday expressed concerns about Virgin Australia Ltd.'s (VAH.AU) move to take control of the Australian arm of Tiger Airways Hold...
Qantas Airways Ltd. (QAN.AU) takes the latest safety issues plaguing Boeing Co.'s (BA) 787 jet "very seriously", but still expects to take its first delivery of the ...
Qantas Airways Ltd. (QAN.AU) said Monday that it's considering increasing the number of destinations it flies to in Asia as part of a turnaround strategy for its ail...
Air New Zealand Business PremierNew Zealand may be one of the most geographically-isolated nations in the world; however, this Kiwi air carrier will have you feeling...
Singapore Airlines Ltd. (C6L.SG) swung to a profit in its fiscal fourth quarter after selling planes and spare engines, but warned of challenges ahead from flat book...
Emirates Airline expects this year to be more profitable as it continues to push more passengers through its hub in Dubai, an effort helped by its recent alliance wi...
Qantas Airways Ltd. (QAN.AU) has noticed an easing in the intense price competition that has been eroding profits at its domestic unit, Chief Executive Alan Joyce sa...
Singapore Airlines Ltd. (C6L.SG) said Wednesday it will spend US$125.8 million to nearly double its stake in Virgin Australia Holdings Ltd. (VAH.AU), intensifying it...
Air France-KLM (AF.FR)'s incoming chief executive Tuesday said the Franco-Dutch airline is seeking a new partner to give its business in southeast Asia and Australia...
Australia's antitrust regulator won't block Virgin Australia Holdings Ltd.'s (VAH.AU) 35 million Australian dollars (US$36 million) acquisition of a 60% stake in low...
