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Money Aussie shares extend losses as banks weigh; New Zealand hits five-week closing low

01:21  12 january  2018
01:21  12 january  2018 Source:   reuters.com

Australia, New Zealand dollars supported by global commodity demand

  Australia, New Zealand dollars supported by global commodity demand The Aussie dollar (AUD=D4) was steady at $0.7826The Aussie dollar (AUD=D4) was steady at $0.7826, having made a fresh three-month top at $0.7845 overnight. It faces stiff chart resistance at $0.7884 and $0.7898, twin peaks from October.

Australia and New Zealand Banking Group finished 0.2 percent weaker at its lowest close in a week , while Westpac Banking Corp and Commonwealth Bank of Australia fell 0. 5 percent and 0.4 percent, respectively.

Commonwealth Bank of Australia extended its losses to be down 1.2 percent at a one-month low . Among the remaining ‘Big Four’ banks , Westpac Banking and Australia and New Zealand Banking fell 1 percent and 0.9 percent, respectively.

a close up of person: FILE PHOTO - Investors are reflected in a window as they talk in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia© REUTERS/Steven Saphore FILE PHOTO - Investors are reflected in a window as they talk in front of a board displaying stock prices at the Australian Securities Exchange in Sydney, Australia Australian shares extended losses to a second session on Thursday, led by declines in financials, after a report that China may dial down purchases of U.S. government debt rattled Wall Street.

The S&P/ASX 200 index (.AXJO) fell 0.5 percent, or 29.1 points, to 6,067.60. The benchmark lost 0.6 percent in the previous session.

The three major indexes on Wall Street snapped a six-session rally on Wednesday as investors grew jittery after Bloomberg reported that China, the world's biggest foreign holder of U.S. Treasuries, could slow or halt U.S. government bond purchases. [.N]

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Mar 14, 2018 (Euclid Infotech Ltd via COMTEX) -- Australian shares closed lower on Wednesday, with losses led by banking stocks amid a hard-nosed Commonwealth Bank of Australia executives will be questioned later this week about allegedly fraudulent broker arrangements and loan applications.

Commonwealth Bank of Australia extended its losses to be down 1.2 per cent at a one-month low . Among the remaining 'Big Four' banks , Westpac Banking and Australia and New Zealand Banking fell 1 per cent and 0.9 per cent, respectively.

Australia and New Zealand Banking Group (ANZ.AX) finished 0.2 percent weaker at its lowest close in a week, while Westpac Banking Corp (WBC.AX) and Commonwealth Bank of Australia (CBA.AX) fell 0.5 percent and 0.4 percent, respectively.

Materials stocks reversed early gains in the session to end lower, with heavyweight BHP Billiton Ltd (BHP.AX) slipping 0.4 percent.

Australia's Port Hedland iron ore terminal, used by the nation's top miners, has begun clearing all vessels in its harbour as a tropical storm intensifies off the western Australian coast.

NZX in Auckland© Shutterstock NZX in Auckland Meanwhile, New Zealand's benchmark S&P/NZX 50 index (.NZ50) registered broad losses and dropped 1.4 percent to finish at 8,250.44, its lowest close since Dec. 8.

Dairy firm A2 Milk Company (ATM.NZ) shed 4.4 percent to touch a near two-month closing low, while Auckland International Airport (AIA.NZ) dropped 2.3 percent, hitting its lowest close in six weeks.

(Reporting by Devika Syamnath in Bengaluru; Editing by Amrutha Gayathri)

ANZ, regulator settle on suspected frauds affecting Esanda customers .
Australia and New Zealand Banking Group (ANZ.AX) said on Thursday it has reached a settlement with Australia's corporate regulator over suspected third party fraud and has agreed to pay a A$5 million ($4 million) fine. The matter related to a number of cases where car finance brokers engaged in suspected fraud when submitting loan applications on behalf of customers to its former unit Esanda between 2013 and 2015. ANZ said it has agreed to the fine as part of the settlement with the Australian Securities and Investments Commission.

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