Edition:
United Kingdom

Paulina Duran

Australian regulators examine banks' pandemic preparations

28 Feb 2020

SYDNEY Australia's prudential and corporate regulators are checking the contingency plans of banks and other financial institutions to prepare for a potential coronavirus pandemic which could severely disrupt economic and financial systems.

RPT-Australian companies count coronavirus cost as markets tumble

27 Feb 2020

SYDNEY, Feb 27 The coronavirus epidemic has prompted Australian firms to cut over $500 million from profit forecasts in the current financial year, a Reuters analysis showed, as a stock sell-off sparked by the outbreak wipes billions of dollars from company valuations.

Australian companies count coronavirus cost as markets tumble

27 Feb 2020

SYDNEY, Feb 27 The coronavirus epidemic has prompted Australian firms to cut over $500 million from profit forecasts in the current financial year, a Reuters analysis showed, as a stock sell-off sparked by the outbreak wipes billions of dollars from company valuations.

Australia's regulator flags new internal bank stress-testing framework

21 Feb 2020

SYDNEY Australia's prudential regulator said on Friday it was developing a new stress testing framework for the country's banks after a review showed they needed to improve their internal systems.

Australian takeover target Caltex gets rival bid from Britain's EG Group

19 Feb 2020

SYDNEY Caltex Australia Ltd said on Wednesday that Britain's EG Group has offered to buy the convenience store, petrol station and refinery firm, rivalling Canada's Alimentation Couche-Tard Inc's twice-improved A$8.80 billion bid.

Australia's Westpac flags earnings downgrades after lawsuit, bushfires

19 Feb 2020

SYDNEY Australia's Westpac Banking Corp said on Wednesday its 2020 profit would be hit by a rise in costs related to improving risk management systems in the wake of a money-laundering scandal and the country's deadly bushfires.

Cruise ship passenger causes coronavirus scare in Sydney

14 Feb 2020

SYDNEY Australian health officials tested a passenger onboard a cruise ship docked in Sydney harbour for a "respiratory illness" on Friday, causing passengers to fret about the potential of another shipboard outbreak of the coronavirus.

Cruise ship passenger causes coronavirus scare in Sydney

14 Feb 2020

SYDNEY Australian health officials tested a passenger onboard a cruise ship docked in Sydney harbour for a "respiratory illness" on Friday, causing passengers to fret about the potential of another shipboard outbreak of the coronavirus.

Cruise ship passenger causes coronavirus scare in Sydney

14 Feb 2020

SYDNEY Australian health officials tested a passenger onboard a cruise ship docked in Sydney harbor for a "respiratory illness" on Friday, causing passengers to fret about the potential of another shipboard outbreak of the coronavirus.

Cruise ship passenger causes coronavirus scare in Sydney

14 Feb 2020

SYDNEY, Feb 14 Australian health officials tested a passenger onboard a cruise ship docked in Sydney harbour for a "respiratory illness" on Friday, causing passengers to fret about the potential of another shipboard outbreak of the coronavirus.

World News