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Australia's Westpac fails to sell pacific banking business - Vimarsana News

Australia's Westpac fails to sell pacific banking business

The company has been trying to leave the pacific for years, with its A$420 million ($264.77 million) divestment deal with Kina Securities back in 2021 being blocked by a Papua New Guinea regulator. "Any failure to successfully divest businesses means that we may have sustained exposure to higher operating costs and to the higher inherent risks in those businesses," Westpac had told the market during its interim results in May. The bank would be starting a new brand campaign in the months ahead in both the countries in a move to improve its standing in local markets, Anthony Miller,...

Source: yahoo.com
Australia's Westpac fails to sell pacific banking business | WSAU News/Talk 550 AM · 99.9 FM - Vimarsana News

Australia's Westpac fails to sell pacific banking business | WSAU News/Talk 550 AM · 99.9 FM

(Reuters) - Australian lender Westpac said on Wednesday it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long pro...

Source: wsau.com
Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion - Vimarsana News

Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion

Hong Kong's Cathay Pacific Airways said on Friday it has bought 32 Airbus A321-200neo aircraft from Airbus for a basic price of $4.66 billion. ...

Australia's Soul Patts slumps after reallocating $637 million to private markets - Vimarsana News

Australia's Soul Patts slumps after reallocating $637 million to private markets

Shares of Australia's Washington H Soul Pattinson and Co emerged as one of the top losers on the benchmark after the conglomerate reallocated about A$1 billion in capital away from equity...

Atlas Arteria hits 16-mth low on new French motorway taxes - Vimarsana News

Atlas Arteria hits 16-mth low on new French motorway taxes

Shares of toll road operator Atlas Arteria fell 5% to hit their lowest in over 16 months on Thursday on fears that its French motorway might be hit with a new annual tax after the government there...