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Australia's Myer open to talks after top shareholder demands board revamp reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australian coal miner Stanmore says Singapore's GEAR will raise loan facility reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australia's Westpac scraps potential demerger of NZ business reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australia's Westpac to retain New Zealand business marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
3 Min Read SYDNEY (Reuters) - Australia’s second-largest lender Westpac Banking Corp said on Thursday it would retain its New Zealand business, wrapping up the option of a spin-off, after a review likely found that a demerger would have been too costly. FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo Without providing further details, Westpac said in a statement that a review to consider a spin-off, triggered by New Zealand’s tighter capital norms, had found that a demerger would not be in the best interests of shareholders. ....