-- The Australian Competition Tribunal on Tuesday ruled in favor of ANZ Group\'s (ASX:ANZ) A$4.9 billion ($3.2 billion) purchase of Suncorp Group\'s (ASX:SUN) banking unit- a deal which was initially blocked by the Australian Competition and Consumer Commission. ANZ said it welcomed the decision, with CEO Shayne Elliott calling the move a “significant milestone” in...
SYDNEY (Reuters) - Australia\'s Competition Tribunal approved ANZ Group\'s A$4.9 billion ($3.2 billion) buyout of Suncorp\'s banking business on Tuesday, allowing the bank to press ahead the acquisition. The takeover still requires approval by Australian Treasurer Jim Chalmers and a sign-off from the government of Queensland, where Suncorp is based. Here is some reaction from...
By Scott Murdoch and Renju Jose SYDNEY (Reuters) -ANZ Group\'s A$4.9 billion ($3.2 billion) buyout of Suncorp\'s banking business was cleared by the Australian Competition Tribunal on Tuesday, meaning the bank can press on with the takeover of its significant rival. The ruling came in response to an appeal by ANZ and Suncorp of a...
-- U.S. stock index futures fell slightly in Asian trade on Tuesday amid persistent uncertainty over the path of interest rates, while anticipation of key earnings reports this week, particularly from NVIDIA Corporation (NASDAQ:NVDA), kept traders on edge. Markets saw a dearth of cues on account of a U.S. market holiday on Monday. But trading...
By Anirban Sen and Michelle Price NEW YORK/WASHINGTON (Reuters) -Capital One, a U.S. consumer lender backed by Warren Buffett, said on Monday that it will acquire credit card issuer Discover Financial Services (NYSE:DFS) in an all-stock transaction valued at $35.3 billion. The tie-up, which will combine two of the largest U.S. credit card companies, aims...
By Lisa Barrington, Brenda Goh and Joe Brock SINGAPORE (Reuters) - Singapore on Tuesday kicked off Asia\'s biggest air show - the first in six years unaffected by pandemic restrictions - as the global aviation industry grapples with a full rebound in travel demand in the face of severe supply constraints. More than 1,000 companies...
By Sameer Manekar and Melanie Burton (Reuters) -BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by strong iron ore prices, and said inflationary impacts were receding. The world\'s largest listed miner was cautiously optimistic on a demand recovery in the developed world in the next 12 months but said...
By Stefanno Sulaiman, Devjyot Ghoshal and Joe Brock JAKARTA (Reuters) - When a Chinese rocket malfunctioned shortly after launch in April 2020, destroying Indonesia\'s $220 million Nusantara-2 satellite, it was a blow to the archipelago\'s efforts to strengthen its communication networks. But it presented an opportunity for one man. Elon Musk - the owner of...
Grayscale and FTSE Russell unveil an index that categorizes crypto assets into distinct sectors. Image by 24K-Production, Adobe Stock Today, Grayscale Investments announced a partnership with the UK-based global index provider FTSE Russell to introduce the FTSE Grayscale Crypto Sector Index Series. The index hopes to bring clarity to the fast-growing, yet often misunderstood crypto...
BlackRock’s SEC fine raises questions about its suitability for managing a Bitcoin ETF. Image by Sergei Tokmakov, Pixabay. According to a Tuesday release from the U.S. Securities and Exchange Commission (SEC), BlackRock Advisors LLC has agreed to a $2.5 million penalty for failing to accurately describe investments in the entertainment industry. The development is of...