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United Kingdom

Paulina Duran

Australian banks complain they have too much money, more may be on the way

6:21am GMT

SYDNEY, Oct 30 Australia's banking system has more money than it can use, a challenge that will likely grow next week with the central bank widely expected to trim interest rates to near zero and boost the amount of bonds it buys.

Australia's ANZ bank beats earnings expectations, cuts dividend

29 Oct 2020

SYDNEY Australia and New Zealand Banking Group Ltd on Thursday beat market expectations with a rebound in cash earnings in the second half, helped by lower provisions for bad debts due to the pandemic that offset declining interest margins.

UPDATE 4-Australia's ANZ bank beats earnings expectations, cuts dividend

29 Oct 2020

* Full-year cash profit A$3.8 bln vs A$3.5 bln analysts' estimate

Australia's big IPOs split investors between tech growth seam and coal-powered dividends

28 Oct 2020

SYDNEY Australia's two biggest share listings this year will highlight a polarised investment landscape: the strong, expanding allure of high-growth technology, versus entrenched demand for coal-linked assets that offer a steady stream of high dividends.

Australian regulator to collect more data on banks' credit exposures

28 Oct 2020

SYDNEY Australia's banking regulator plans to collect more detailed data on banks' credit exposures and provisions from March 2022, the Australian Prudential Regulation Authority (APRA) told the country's lenders in a letter on Wednesday.

Australia, New Zealand dollars hobbled by surging global COVID-19 cases

26 Oct 2020

SYDNEY The Australian and New Zealand dollars eased on Monday, undercut by an uptick in risk-aversion ahead of the U.S. election and on accelerating coronavirus infections globally.

Australia, NZ dollars hobbled by surging global COVID-19 cases

26 Oct 2020

SYDNEY, Oct 26 The Australian and New Zealand dollars eased on Monday, undercut by an uptick in risk-aversion ahead of the U.S. election and on accelerating coronavirus infections globally.

Australia's corporate watchdog deputy chair resigns amid expenses scandal

26 Oct 2020

SYDNEY The deputy chair of the Australian Securities and Investments Commission (ASIC) resigned on Monday amid an expenses scandal that has engulfed senior executives at the corporate regulator.

UPDATE 1-Australia's corporate watchdog deputy chair resigns amid expenses scandal

26 Oct 2020

SYDNEY, Oct 26 The deputy chair of the Australian Securities and Investments Commission (ASIC) resigned on Monday amid an expenses scandal that has engulfed senior executives at the corporate regulator.

Australia's corporate watchdog deputy chair resigns amid expenses enquiry

25 Oct 2020

SYDNEY, Oct 26 The deputy chair of Australia's corporate regulator resigned on Monday following revelations the government agency may have incorrectly refunded him A$70,000 ($49,861) for rent when he moved in 2018.

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