Australia

Westpac exits life insurance with $660 mln sale to Japan’s Dai-ichi

Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to…

4 years ago

Australia’s deal boom set to intensify on cheap cash, pandemic confidence -bankers

Australia's record merger-and-acquisition (M&A) boom can only intensify in the near term as ultra-low interest rates and confidence that the…

4 years ago

Sydney’s lockdown is likely to be extended, and Delta variant cases are on the rise!

On Thursday, the COVID-19 Delta outbreak in Sydney, Australia's largest city, swelled by 239 cases, the pandemic's daily maximum surge,…

4 years ago

Australian CPI blows hot in Q2, core inflation far cooler

Australia's consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government…

4 years ago

Asia shares sit at 2021 lows ahead of Fed verdict

Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets,…

4 years ago

Australian wealth manager AMP to revamp financial advice model

Australia's AMP Ltd (AMP.AX) said on Monday it would move to a new form of financial advice model for clients,…

4 years ago

June slump in Australia’s retail sales clouds Q3 growth outlook

Australian retail sales slumped in June as coronavirus lockdowns and mobility restrictions in much of the country hit demand, casting…

4 years ago

Stocks falter as virus outbreaks fan global recovery fears

Asian stocks were down early on Tuesday as growing fears the spreading Delta variant of the coronavirus would harm the…

4 years ago

Australian central bank’s policy optimism tested by lockdowns

Australia's central bank was counting on the economy to keep surprising with its strength when trimming stimulus earlier this month,…

4 years ago

Australia’s Afterpay to launch banking app in October

Afterpay Ltd (APT.AX) will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL)…

4 years ago