Stay updated with breaking news from Rishav Chatterjee. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
(Reuters) - Australia's prudential regulator said on Wednesday Bendigo and Adelaide Bank no longer needs to keep an additional amount of cash reserve ...
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 bad debt. The Reserve Bank of Australia last week held rates steady for a second straight month at 4...
By Rishav Chatterjee and Scott Murdoch (Reuters) - Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for Australian aged
By Rishav Chatterjee and Scott Murdoch (Reuters) - Global private equity firm Bain Capital will pay A$838 million ($551.3 million) for Australian aged...
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....