Australia
BNPL continues to gain traction with Square’s $29b acquisition of Afterpay
BNPL continues to gain traction with Square’s $29b acquisition of Afterpay
Afterpay accounts for 7.7% of Australia’s e-commerce market.
MUFG Bank inks MOU with Western Australia on renewables
The agreement also cover the sectors of energy, agribusiness, education, tourism and manufacturing.
Low costs buoys Australian banks’ profits, but pressures to persist
Operating profit is 46% higher than last year, but pre-impairment earnings remain subdued.
Australia’s Big Four asset quality deterioration ‘manageable’: Fitch
The country’s improving economic performance reduces downside risks.
Clear skies ahead for Aussie banks as economy improves
Banks can withstand NPL growth due to loan loss reserves.
Clear skies ahead for Aussie banks as economy improves
Banks can withstand NPL growth due to loan loss reserves.
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.
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