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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The coronavirus spread further on Friday, with cases reported for the first time in at least six countries across four continents, battering markets and leading the World Health Organization (WHO) to raise its impact risk alert to "very high."