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Australia's largest pension fund AustralianSuper fined $17.3 million for failing to merge duplicate accounts, affecting 90,700 members and causing $69 million in losses.
Published on: February 21, 2025, 06:00 AM UTC
Standard Chartered announces $1.5 billion share buyback and raises earnings target after reporting 18% profit growth.
Published on: February 21, 2025, 05:00 AM UTC
KKR is exploring a potential sale of Goodpack, attracting interest from global investment firms such as Apollo, I Squared Capital, and Stonepeak Partners.
Published on: February 21, 2025, 04:00 AM UTC
Abrdn is in talks with Citic Bank to launch an asset management joint venture in China, as the British firm looks to bolster its presence in the world's second-largest economy.
Published on: February 21, 2025, 04:00 AM UTC
Australia's Reserve Bank is cautious about further rate cuts due to labor market pressures, but will respond if inflation slows more than expected.
Published on: February 21, 2025, 03:03 AM UTC
Walmart's recent profit beat fails to excite investors as looming tariffs and conservative outlook weigh on the stock.
Published on: February 21, 2025, 03:02 AM UTC
South Korea asks US to exclude it from tariffs, citing low duties on American products and large-scale business investments in the US.
Published on: February 21, 2025, 03:01 AM UTC
Australian court rules Telstra misled broadband customers over speed downgrade, ACCC alleges. Telstra is facing penalties, compensation orders, and other decisions by the court.
Published on: February 21, 2025, 02:00 AM UTC
Huawei's founder tells Xi Jinping that China's concerns about a lack of homegrown chips and operating systems have eased.
Published on: February 21, 2025, 02:00 AM UTC
Walmart (WMT) shares slide over 6% on conservative guidance and tariff concerns. CFO Rainey says tariffs could hurt general merchandise category, but Walmart's scale and private labels could help offset costs.
Published on: February 21, 2025, 01:02 AM UTC