(Reuters) -Australia’s No.3 lender Westpac Banking Corp on Monday reported a drop in annual profit, hurt by competition in its home lending business and a charge related to the sale of its life insurance unit. Westpac also revised its target for costs incurred up to A$8.6 billion by the 2024 financial year, citing wage increases…
(Reuters) – Australia’s no.3 lender Westpac Banking Corp on Monday reported a 1.4% drop in annual profit, hurt by pressure on margins from intense competition in home lending in the first half and a charge related to the sale of its life insurance unit. Cash earnings came in at A$5.28 billion ($3.38 billion) for year…
(Reuters) -Twitter is delaying the rollout of verification check marks to subscribers of its new $8 a month service until after Tuesday’s midterm elections, the New York Times reported on Sunday. Twitter did not immediately respond to a request for comment. The U.S. midterm elections on Tuesday will decide whether Republicans or President Joe Biden’s…
(Reuters) – Twitter is delaying the rollout of verification check marks to subscribers of its new $7.99 a month service until after Tuesday’s midterm elections, the New York Times reported on Sunday. (Reporting by Mrinmay Dey in Bengaluru)
By Gary McWilliams HOUSTON (Reuters) – Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill. The sale comes after a failed bid this year to restart production at the site…
(Reuters) – An already record-breaking U.S. Powerball jackpot grew to a whopping $1.9 billion one after no one secured a winning ticket in Saturday night’s drawing, according to lottery officials. The estimated $1.6 billion that was up for grabs on Saturday had been the largest lotto prize ever offered, Powerball said. To win the big…
By Mayu Sakoda, Makiko Yamazaki and Takaya Yamaguchi TOKYO (Reuters) – Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction between two of its suitors and is now stoking concern among banks, sources said, further complicating an already uncertain process. Japan Industrial Partners, the private equity firm since selected by…
(Reuters) -Activist investor Elliott Management Corp has decided to back Marlboro-maker Philip Morris International’s (PMI) $16 billion offer for Swedish Match AB, the Financial Times reported on Sunday. Elliott has tendered its shares in the Swedish target, the FT said, bringing PMI closer to the 90% threshold required for forced redemption of remaining minority stakeholders….
(Reuters) – China Evergrande Group said on Sunday its interests in a plot of undeveloped land for residential development in Hong Kong’s Yuen Long district have been sold by its receivers for $636.94 million. The proceeds will be used to repay some of the company’s financial obligations in relation to the project and a loss…
By Gabriel Araujo SAO PAULO (Reuters) – In South America, home to the some of the world’s starriest soccer players from Argentina’s Lionel Messi to Brazil’s Neymar, avid fans are starting to get jitters about their countries’ World Cup chances – and the rising cost of supporting them. The region of about 650 million people…
