Page 13 - Sameer Manekar News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 higher September-end.

Australia's Westpac Banking Corp on Monday said its first quarter unaudited net profit was lower than its prior six-month's 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 operations from mid-2022 as well as stiff competition from bigger rival Crown Resort.

Australia's 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...