Page 7 - Sameer Manekar News Today

Westpac's margins also took a hit in the first quarter as nearly two years of high interest rates raised cost of mortgage repayments. "From a credit quality perspective, we saw a reduction in business stress while a rise in 90+ day mortgage delinquencies reflects the tougher economic environment," CEO Peter King said. Mortgage payments delayed for more than 90 days in terms of the bank's total loan book for Australia stood at 0.95% as at December-end, nine basis points hig...

Australias Westpac Banking Corp on Monday said its first quarter unaudited net profit was lower than its prior six-months quarterly average, citing impact of notable items related to hedge...

Under the agreement, Star Entertainment would also be required to begin a trial of cashless and carded play at its Sydney casino. "The Star has agreed to maintain a minimum headcount, and certain ratios of full-time, part-time and casual employees, in respect of The Star Sydney casino until 30 June 2030," the casino operator said. Star Entertainment, Australia's second-biggest casino operator, has seen its profits erode as it faced regulatory restrictions on its Sydney operation...

Australias Origin Energy on Thursday posted a 17-fold jump in underlying profit, raised its full year outlook and announced a bigger-than-expected dividend in its first result since its top...

Star Entertainment has inked a binding deal with the New South Wales Treasurer under revised casino duty rates framework, which would require it to maintain a minimum headcount at its Sydney...

BYD, known for its cheaper models and a more varied lineup, recently overtook its biggest rival Tesla Inc to become the world's top EV maker in terms of sales. While BYD has its sales concentrated in China, it also aims to expand globally and is building new plants overseas in addition to expanding Chinese exports. Mexico's massive automaking sector, populated by many of the industry's top global players, is tightly integrated with the U.S. industry.

BHP Group will record a $2.5 billion non-cash impairment charge for its Western Australia Nickel business and another $3.2 billion in relation to its Samarco dam failure, the miner said on Thursday. ...

-Australian retail conglomerate Wesfarmers posted a better-than-expected half-year profit on Thursday, boosted by strong performance at its budget department store operator Kmart and hardware... -February 14, 2024 at 05:12 pm EST - MarketScreener

-Australian retail conglomerate Wesfarmers posted a better-than-expected half-year profit on Thursday, boosted by strong performance at its budget department store operator Kmart and hardware... -February 14, 2024 at 05:12 pm EST - MarketScreener

BHP Group will record a $2.5 billion non-cash impairment charge in relation to its Western Australia Nickel business as the nickel industry faces challenges and prices remain dampened, the miner said...