Page 16 - Sameer Manekar News Today

Cathay Pacific booked record losses the last three years as it parked much of its fleet during the pandemic amid COVID-related flight cancellations and drastic headcount cuts. That is turning around as passengers flock in huge numbers to travel overseas, with Cathay Pacific carrying a total of about 7.82 million passengers in the first-half, compared with a paltry 335,462 last year. Cathay Pacific's shares rose as much as 6.3% after the announcement to their highest in nearly seven months...

(Reuters) -Hong Kongs Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion ($576 million) in the first half of the ...

(Reuters) - National Australia Bank (NAB) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans.

Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more.

LONDON, June 28 (Reuters) - Zeekr, Geely Automobiles electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing numb...

LONDON :Zeekr, Geely Automobile's electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing number of Chinese EV makers launching vehicles in Europe.Deliveries for the Zeekr 001 estate and the Zeekr X SUV are set to

Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach.

Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses

(Recasts through with context on strong travel rebound, milestone of first HY profit in three years, adds share moves in paragraph 5, context on global airlines in paragraph 6, detail on gain from Air China stake sale in last paragraph) ...

The country's prudential regulator advises lenders to refinance home loans only if they believe the customer could repay at 3% higher than current market rates. While CBA's alternate buffer is not in line with the regulator's recommendation, it does not break the serviceability buffer, the regulator said, as it allows exceptions to the policy but warns against high volumes. CBA has a quarter of the Australian mortgage market, where thousands of borrowers are expected to end thei...