New Zealand markets closed
  • IAG forecasts loss for FY21
    Business
    Australian Associated Press

    IAG forecasts loss for FY21

    Insurer IAG is headed for a full-year loss from COVID-19 but company leaders say there is more certainty in the economic outlook.Preliminary earnings issued on Friday showed a full-year net loss of $427 million, largely due to the impact of the virus.

  • Star drops proposal to merge with Crown
    Business
    Australian Associated Press

    Star drops proposal to merge with Crown

    A merger proposal for Crown Resorts has been withdrawn after a royal commission raised the prospect the gaming group could lose the licence for its Melbourne casino.Star Entertainment, which operates The Star casino in Sydney, said it had limited engagement with Crown since it launched the non-binding offer to create a $12 billion tourism and entertainment giant in May.

  • AGL investors gain vote on emissions
    Business
    Australian Associated Press

    AGL investors gain vote on emissions

    AGL will give investors a say on reducing carbon emissions but some argue the energy provider needs to do more.AGL on Thursday said investors next year will have voting rights on efforts to meet emissions targets.

  • Suzuki, Daihatsu join Toyota venture
    Business
    Australian Associated Press

    Suzuki, Daihatsu join Toyota venture

    Suzuki Motor Corp and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corp, the carmakers have announced, helping the Japanese alliance expand its focus from trucks to smaller cars.The two automobile makers will each acquire a 10 per cent stake in the joint venture, on par with Isuzu Motors and Hino Motors , while Toyota will hold a 60 per cent stake, they said.