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Australian telecom firms Telstra Group and TPG Telecom on Monday said separately they would not appeal the country's competition tribunal's decision to block an asset transfer deal between the two... -Today at 06:59 pm- MarketScreener
In June, the Australian Competition Tribunal upheld the competition regulator's decision to block the deal between the telecom firms, under which Telstra would have bought spectrum and transmission towers from TPG, while TPG would have kept selling 4G and 5G coverage using Telstra infrastructure. The country's competition regulator had ruled against the asset transfer deal in December citing competition concerns and potentially impacting the no. 2 wireless internet provider Optus, owned by Singapore Telecommunications.
Russian aluminium giant Rusal reported a 75% drop in first-half net profit on Friday due to dwindling raw material resources, high inflationary pressures and international sanctions, which... -Today at 08:29 pm- MarketScreener
Singaporean real estate manager CapitaLand Investment said on Friday it had raised about S$1.3 billion from global institutional investors for three of its new private funds.... -Today at 07:30 pm- MarketScreener
(Reuters) -Commonwealth Bank of Australia on Wednesday warned of a hit to margins from fierce competition and softening consumer demand in fiscal 2024 after it posted record annual cash earnings and announced its biggest-ever dividend for the year. "We are seeing consumer demand moderate and economic growth slow and we are closely monitoring the impact of reduced discretionary spend, particularly on our small- and medium-sized business customers," Chief Executive Officer Matt Comyn said. Although margins were strong in the first half owing to the central bank's aggressive rate...