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April 15, 2021

Australia / New Zealand

Swiss watchdog asked Credit Suisse on Greensill risks: SonntagsZeitung

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann//File Photo/File Photo ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before......

UK-made AstraZeneca vaccines sent to Australia – Sydney Morning Herald

Reuters
FILE PHOTO: Boxes of the Oxford/AstraZeneca COVID-19 vaccine are pictured in a refrigerator at a NHS mass coronavirus vaccination centre at Robertson House in Stevenage, Hertfordshire, Britain January 11, 2021. Joe Giddens/Pool via REUTERS LONDON (Reuters) -Hundreds of thousands of doses of the AstraZeneca vaccine have been flown to Australia......

Westpac could lead Australian exit from New Zealand banking

Reuters
SYDNEY (Reuters) – Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the other three Australian-owned banks that make-up the bulk of the kiwi banking system follow its lead, investors and analysts said. Seeking to safeguard the New Zealand banking system,......

Australian PM apologises for raising harassment allegation

Reuters
CANBERRA (Reuters) – Australian Prime Minister Scott Morrison publicly apologised for raising an unsubstantiated allegation of harassment at a media company as he defended his handling of a scandal over the treatment of women in politics and his party. FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a joint......

Australia remains on flood watch even as rains ease

Reuters
SYDNEY (Reuters) – Australian authorities issued fresh flood evacuation orders for parts of the east coast on Wednesday even as Sydney woke up to blue skies for the first time in five days. A wild weather system that dumped more than two-thirds of annual rainfall over a week in several......

UPDATE 1-Flooding stops Australian coal rail deliveries to Newcastle port

Reuters
(Adds details of port, background) MELBOURNE, March 22 (Reuters) – Australia’s Hunter Valley coal rail lines have been shut due to flooding in the state of New South Wales, the Australian Rail Track Corp said on Monday, halting deliveries into the port of Newcastle, the world’s biggest coal export port.......

FOREX-U.S. dollar advances on investor caution ahead of Fed meeting

Reuters
* Focus on central bank meetings this week * Dollar index gains for 3rd day * Dollar up vs yen, hits highest since June * Bitcoin comes off highs hit over weekend (Adds comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, March 15 (Reuters) - The dollar gained for a......

Australia gets a $156 bln pension merger as new laws spur consolidation

Reuters
SYDNEY, March 15 (Reuters) – Australian pension funds QSuper and Sunsuper said on Monday they would merge, forming the country’s largest single manager of retirement savings as regulatory pressure drives consolidation in the industry. The funds, which are both based in the northern state of Queensland, said they would manage......

Sunday’s America’s Cup races postponed due to low wind speed

Reuters
(Reuters) – Races on the fourth day of the 36th America’s Cup were postponed due to low wind speed off the coast of Auckland on Sunday, with holders Team New Zealand and challengers Luna Rossa locked at 3-3 in the competition’s most even match for almost 40 years. The decision......

Apollo ends talks with Greensill Capital’s administrators – sources

Reuters
FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer LONDON (Reuters) – U.S. private equity company Apollo Global Management has ended talks with the administrators of British financing company Greensill after a JPMorgan investment in Greensill’s technology partner, two sources familiar with......

FOREX-Dollar rises on Treasury yield spike with world awash in stimulus

Reuters
* Dollar index up 0.53% * U.S. PPI annual gain largest in nearly 2-1/2 years * Graphic: World FX rates tmsnrt.rs/2RBWI5E (Adds details of U.S. PPI data, analyst’s comments, updates prices, changes dateline) NEW YORK, March 12 (Reuters) – The dollar rose on Friday as a fresh spike in Treasury......

GFG’s Gupta says seeking standstill with Greensill administrators

Reuters
FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer LONDON (Reuters) – The GFG Alliance is holding talks with administrators of Greensill Capital, which filed for insolvency this week, on a standstill agreement, GFG’s head Sanjeev Gupta said on Friday. “We are......

France eases COVID-19 restrictions on international travel

Reuters
PARIS (Reuters) – France will ease some COVID-19 restrictions on international travel outside Europe, the foreign ministry said on Thursday. The ministry said in a statement that travellers to or from Australia, New Zealand, South Korea, Israel, Japan, Britain and Singapore would no longer need a compelling reason to travel.......

Australia unveils $928 million coronavirus support package to revive airlines, tourism

Reuters
SYDNEY (Reuters) – The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic. FILE PHOTO: People wearing masks walk through a mostly empty domestic terminal at Sydney Airport in Sydney, Australia,......

Credit Suisse appoints receivers to recover $140 million Greensill loan

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann SYDNEY (Reuters) – Swiss bank Credit Suisse has appointed receivers to recover a bridging loan of about $140 million made to a Greensill company in Australia, two......

Australia halts defence ties with Myanmar, redirects aid

Reuters
FILE PHOTO: Australia’s Foreign Minister Marise Payne speaks during a news conference at the U.S. Department of State following the 30th AUSMIN in Washington, D.C. July 28, 2020. Brendan Smialowski/Pool via REUTERS SYDNEY (Reuters) – Australia has suspended its defence cooperation programme with Myanmar, Foreign Affairs Minister Marise Payne said,......

New Zealand’s Auckland emerges from weeklong coronavirus lockdown

Reuters
FILE PHOTO: A rainbow appears on the Auckland skyline featuring Sky Tower in New Zealand, July 8, 2017. REUTERS/Jason Reed (Reuters) – Auckland, New Zealand’s biggest city, emerged on Sunday from a strict weeklong lockdown imposed after a community cluster of the more contagious UK coronavirus variant. There were no......

UK’s Prince Philip transferred back to private hospital, Buckingham Palace says

Reuters
FILE PHOTO: Britain’s Prince Philip enters a car as he leaves the King Edward VII’s Hospital in London, Britain December 24, 2019. REUTERS/Hannah McKay/File Photo LONDON (Reuters) – Britain’s Prince Philip, the 99-year-old husband of Queen Elizabeth, has been transferred back to a private hospital after successfully undergoing a procedure......

Australia armed forces called in to support COVID-19 immunisation drive

Reuters
SYDNEY (Reuters) – Australia will seek the support of the defence forces in its COVID-19 immunisation drive, authorities said on Wednesday, as it looks to ramp up a vaccination rollout programme that is running behind schedule. FILE PHOTO: A healthcare professional administers a dose of the Pfizer coronavirus disease (COVID-19)......

UK’s Prince Philip, 99, moves hospital for heart tests

Reuters
LONDON (Reuters) – Britain’s Prince Philip, the 99-year-old husband of Queen Elizabeth, was transferred to a different hospital in central London on Monday to have tests for a pre-existing heart condition as well as receive treatment for an infection. “The Duke remains comfortable and is responding to treatment but is......

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