AUSTRALIA
Australasian Resources (ARH AS) – Co. to conduct review of its major asset, Balmoral South as the board intends to re-capitalise. (Newswires)
Westpac Banking (WBC AS) – Co. expects FY 18 cash earnings to be reduced by around AUD 235mln. Separately, the Co. is to exit Ascalon Capital Managers. (Newswires)
Navitas (NVT AS) – Co. signs a pathway college agreement with Hague University of Applied Sciences. (Newswires)
Vicinity (VCX AS)) – Street Talks note Co’s sale of USD 1bln portfolio is moving faster than expected. (Newswires)
Bionomics (BNO AS) – Co. halted awaiting results on Phase 2 study. (Newswires)
CIMIC (CIM AS) – CPB Contractors unit has been awarded a AUD 1bln project in relation to metro tunnel works. (Newswires)
ANZ (ANZ AS) – The bank said it will consider compensating customers hit by an upgrade problem in its shared trading platform. (SMH)
COMMODITIES
Brent prices are +0.4%, albeit below the USD 82/bbl level while WTI prices are little changed.
OTHER NEWS
The Australian Prudential Regulations Authority orders the country’s biggest financial institutes and fund to conduct a culture and governance review. (The Australian)
JAPAN
Tokyo Electric Power (9501 JT) – CFO says the Co. is to cut debt by JPY 200bln by the end of FY 2018. (Newswires)
Japan Post Holdings (6178 JT) – Co. plans to establish a logistics company with Toll HD in Japan. (Newswires)
NTT DoCoMo (9437 JT) – SMFG are said to reacquire its credit card unit from the Co. (Nikkei)
OTHER NEWS
– Japanese PM Abe is reportedly replacing Minister of Internal Affairs Noda. (Newswires)
– Japanese government is to allow public universities to own stakes in tech start-ups that launch from their own campuses. (Nikkei)
SOUTH KOREA
DATA
– South Korea Consumer Confidence (Sep) 102 (Prev. 99)
OTHER STORIES
– South Korean Foreign Minister vows to continue the enforcement of sanctions on North Korea. (Yonhap)
– South Korea proposed a joint fishing zone with North Korea. (Yonhap)
(Newswires)