Australia
Australia's grocers urged to invest in online segment fast
Many grocers who did not take the plunge before the pandemic lost market share.
Australia's grocers urged to invest in online segment fast
Many grocers who did not take the plunge before the pandemic lost market share.
Grill'd, streaming service BINGE, team up for lamb brain burger
The companies celebrated the return of The Walking Dead’s tenth season.
Chart of the Week: Growth of local e-commerce drives rise of e-payments in Australia
Buy now, pay later solutions are popular amongst Millennials.
Australia's Bank of Queensland to acquire ME Bank for A$1.3b
This ramps up BoQ’s competitiveness via increase geographic diversity and scale of operations.
Earnings boost for Australian banks in 2021, but headwinds persist
Deterioration in asset quality will likely emerge in 2021.
Westpac to exit China, other Asian markets
It will consolidate operations into branches in Singapore, London, and New York.
Feeble asset quality, credit growth squeeze big Aussie banks
The full impact of the pandemic is yet to materialise.
Afterpay floats Asia, Europe expansion plans
It said its full-year loss has more than halved compared to last year.
Australia's Suncorp reports $654.4m profit for “very challenging” FY2020
The group’s cash earnings shrunk 32.8% from FY2019.
Asset quality, earnings pressure loom over Australia's big banks
There is underlying economic uncertainty due to rising infections and stricter restrictions.
ANZ Bank adds $500m to provisions in Q3
This adds to the earlier $1.21b provision.
Australian wealth management firm AMP's net profit at $145.75m in H1
Its underlying profit fell by 41.8% compared to the same period in 2019.
BNP Paribas floats Australia's first climate-linked green bond
The bond adds to the $350b in green bonds to be issued this year.
Australian regulator eases dividend rules on banks, insurers
They have been told to maintain caution on capital distributions.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
Australian neobank Tyro, Mambu partner for term deposit offering
Mambu's composable banking approach allows Tyro to launch products quickly.
Regulator finds Westpac's non-financial risk culture “immature and reactive”
The bank is embarking on a multi-year program to address shortcomings.
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1. DBS and OCBC expected to deliver steady Q1 net profits 2. Zed challenges banking norms with no interest, forward-looking credit card 3. HK-based fintech KPay expands operations to Singapore 4. Citi names Amit Dhawan as head of CCB Singapore 5. Hang Seng Bank warns against phishing emailAwards
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