ANZ Group Holdings Ltd. announced a A$2 billion ($1.3 billion) buyback as first-half earnings missed estimates, continuing the trend of Australian banks handing investors a sweetener as profits decline.
Westpac Banking Corp on Monday posted a quarterly cash profit of A$1.8 billion ($1.15 billion), in line with consensus expectations, but flagged an acceleration in its expenses in the quarter, sending its shares down more than 2%. Shares of Sydney-based Westpac fell about 2.1% to trade at A$20.82 at 0040 GMT, hitting their lowest since July 12. Australia's third-largest lender said that its expenses for the second half to date were up 5% from the first half, fuelled by higher supplier costs and staff wages, while also flagging other notable costs during the latter half.
Australia s Westpac Splits Consumer and Business Banking Unit Into Two usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The number of Ukrainians who have fled their homes since Russia’s invasion of Ukraine earlier this year has reached 14 million, according to the latest United Nations data.Addressing the U.N. Security Council this week, Filippo Grandi, the U.N. High Commissioner for Refugees, described the mass exodus of refugees that began on Feb. 24, as “the