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THE business community has welcomed the announcement by the Reserve Bank of Fiji to relax one of its policies. Westpac Banking Corporation general manager John Cashmore said the upward pressure in the price of food staples such as wheat, flour, rice, edible oils, milk and milk powder is a...
Mortgage rates could be in for another step down, with Kiwibank suggesting further easing within the next few weeks. State-owned Kiwibank led the recent falls in rates, when late last month it cut its two-year lending rate to 9.29 percent from 9.60 for borrowers with at least 20 percent equity in...
St George Bank and Westpac Banking Corporation have announced a proposed merger of the two companies to create one of Australia's leading financial services company. Under the proposed merger, St George's operating model will be preserved. This approach, combined with attractive merger terms, is...
NATIONAL Australia Bank (NAB) chief executive John Stewart has not ruled out a counterbid for takeover target St George Bank. The St George board yesterday endorsed an $18.6 billion takeover by the Westpac Bank and entered two weeks of exclusive negotiations. "We are watching it with interest to...
SYDNEY (AFP) - Two major Australian banks agreed Tuesday to a proposed merger which would create the nation's biggest financial services group worth around 66 billion dollars (62 billion US). ... The country's fifth-largest bank, St George, said it had agreed to an 18.6...
NEW YORK, 7 May 2008 - Business leaders representing some of the world's largest companies today launched an international campaign urging governments of the Group of Eight (G8) countries to address with urgency the emerging global crisis in water and sanitation. In a...
Australian worker unions are increasingly turning the heat on banks planning to up the ante on outsourcing to India. BPO Brigade ... 5 May, 2008, 0600 hrs IST,Deepshikha Monga, NEW DELHI: Worker unions are increasingly turning the heat on banks planning to up the ante on...
Australia's leading bank Westpac Banking Corporation has denied media reports of outsourcing its 3,000 back office jobs to India during next three years. ... "I haven't seen any piece of paper with that kind of number," Westpac Chief Executive Gail Kelly was today quoted...
There has been a strong profit performance from Westpac Banking Corporation, the first to be announced by its new chief executive officer, Gail Kelly. ... For the six months to the end of March Westpac delivered a bottom line profit of $2.2 billion. That is up 34 per...
WESTPAC Bank has become the third bank in less than a week to raise its variable mortgage rates independently of the central bank due to increasing wholesale funding costs. ... The action follows similar moves last week by ANZ and National Australia Bank. "We are mindful...
