Shares in casinos operator Crown Resorts have lifted five per cent after the company said it will reduce its stake in its Macau joint-venture.
YouTube is planning to launch an online TV service, with parent company Alphabet Inc in talks with numerous media companies, Bloomberg reports.

Caltex March quarter profit slips

Caltex Australia's first quarter profit have fallen, with refining margins slipping to $US10.65 per barrel.
Shopping mall operator Scentre Group has seen strong growth in specialty sales in the three months to March 31.
A $4.22 billion hit from the demerger and float of NAB's UK business has dragged the bank to a loss of $1.74 billion, although cash earnings are up 6.5%.
BHP shares were down 9.4 per cent on news that Brazil has launched a $A57.4 billion suit over the dam break that killed 19.

JB Hi-Fi upbeat on sales outlook

Retailer JB Hi-Fi has confirmed its forecasts of annual profit growth after continued sales growth in the third quarter of the financial year.
Woolworths' credit rating has been cut after it reported a fourth consecutive quarter of declining like-for-like sales.
Santos has been criticised by shareholders for slow action over falling oil prices at a general meeting also disrupted by protesters.
Sigma Pharmaceuticals says it is on track to lift underlying earnings by at least 10 per cent in the first half of its 2016/17 fiscal year.
Australia's biggest dairy producer, Murray Goulburn, has lost another director - with the second resigning in just two days.
BHP shares have dived even though the miner has yet to receive notice of the Brazilian public prosecutor's claim for $US43 billion in Samarco compensation.

NZ jobless rate on the rise

NZ's unemployment rate is up to 5.7 per cent in the first quarter as 38,000 entered the labour force, according to official figures.
QBE chief executive John Neal tells the company's AGM the calender 2016 first quarter has been in line with the insurer's full-year forecasts.
The Dick Smith brand is back in business as an online-only retailer, this time under the stewardship of Ruslan Kogan.
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