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August 9, 2023
(Reuters) - Australia's prudential regulator said on Wednesday Bendigo and Adelaide Bank no longer needs to keep an additional amount of cash reserve ...
August 8, 2023
Australia's biggest banks are likely to report narrower profit margins in the June quarter as an unprecedented pace of interest rate hikes to curb inflation starts to weigh on the economy, while investors will be watching for signs of rising bad debt. Commonwealth Bank of Australia, National Australia Bank, Westpac and ANZ Group, which benefited over the past year from policy tightening, now face headwinds from rising costs and unemployment, which could result in fewer new loans and more b...
August 7, 2023
By Rishav Chatterjee and Scott Murdoch (Reuters) - Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for Australian aged
August 7, 2023
By Rishav Chatterjee and Scott Murdoch (Reuters) - Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for Australian aged...
July 31, 2023
Chinese property developer Country Garden Holdings will raise $300 million in a primary placement in an attempt to repay its debts, a term sheet seen by Reuters showed on Monday....
July 31, 2023
By Summer Zhen (Reuters) - Chinese property developer Country Garden Holdings will raise $300 million in a primary placement in an attempt to repay it...
July 26, 2023
Beach Energys shares advanced more than 5% on Wednesday to their highest in six months, emerging as one of the top gainers on the benchmark after reporting a rebound in production and revenue for the...
July 26, 2023
Rio Tinto reported a near 34% drop in first-half underlying earnings on Wednesday, as easing iron ore prices offset an uptick in shipments from Pilbara operations. The worlds largest...
July 26, 2023
(Reuters) - Rio Tinto reported a near 34% drop in first-half underlying earnings and slashed its interim dividend on Wednesday, as easing iron ore pri...
July 26, 2023
Commonwealth Bank of Australia, the countrys biggest lender, could cut up to 200 jobs, a source familiar with the matter told Reuters on Wednesday, but did not divulge further information the...