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Not much exciting about Aussie banks as high costs pressure earnings – Macquarie
(Reuters) - Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector's earnings by up to 10% in the near term, analysts at Macquarie...
Syndicated Content Sep 21, 2023
Vietnam’s VNG Ltd delays $150 million US IPO due to volatile market conditions – source
SYDNEY (Reuters) - Vietnamese internet company VNG Ltd has delayed a $150 million U.S. initial public offering (IPO) due to volatile market conditions, a person with direct knowledge of the matter sai...
Syndicated Content Sep 21, 2023
BOJ keeps ultra-low interest rates, dovish policy guidance
TOKYO (Reuters) - The Bank of Japan maintained ultra-low interest rates on Friday and its dovish guidance on future monetary policy, signalling it is in no rush to phase out its massive monetary stimu...
Syndicated Content Sep 21, 2023
Philippine issues health warning as volcano brings smog to capital, nearby provinces
MANILA (Reuters) - A small but restive volcano near the Philippine capital Manila spewed above average sulfur dioxide and volcanic smog on Friday, prompting authorities to closes schools in five citie...
Syndicated Content Sep 21, 2023
Asia stocks at 10-month low as traders brace for BOJ
By Tom Westbrook SINGAPORE (Reuters) - Stocks and bonds were under pressure on Friday as investors hunkered down for U.S. interest rates to stay higher for longer, while waiting to see whether the Ban...
Syndicated Content Sep 21, 2023
Apple’s iPhone seen gaining market share in India as Pro model demand rises
By Yuvraj Malik (Reuters) - Apple is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments. The company i...
Syndicated Content Sep 21, 2023
Australia fines lender NAB $1.4 million for wrongfully charging fees
(Reuters) - The Australian Federal Court has fined the country's second-biggest lender National Australia Bank a penalty of A$2.1 million ($1.35 million) for wrongfully charging customers periodic pay...
Syndicated Content Sep 21, 2023
Japan Finance Minister Suzuki says FX intervention had certain effects
TOKYO (Reuters) - Japan's Finance Minister Shunichi Suzuki said on Friday that the currency interventions Tokyo conducted last year had certain effects and that he would not rule out any options if cu...
Syndicated Content Sep 21, 2023
Philippines weighing legal options against China over coral reef ‘destruction’
By Neil Jerome Morales MANILA (Reuters) - The Philippines is exploring legal options against China accusing it of destruction of coral reefs within its exclusive economic zone (EEZ) in the South China...
Syndicated Content Sep 21, 2023
US firm AXT says China unit has initial export permits for key chipmaking metals
BEIJING (Reuters) - U.S. semiconductor wafer maker AXT Inc said its Chinese subsidiary Beijing Tongmei had received initial export permits for shipping gallium arsenide and germanium substrates - comp...
Syndicated Content Sep 21, 2023
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