UPDATE 2-Australia's ANZ to boost investor lending as mortgage book shrinks
* Home lending volumes fall * CEO admits “overly conservative” approach to lending * CEO vows to boost investor loans (Recasts with shrinking mortgage volume, adds shares, analyst comment) By Paulina Duran SYDNEY,...
Australia shares firmer, led by financial sector; NZ slips
* IOOF jumps on strong results * ANZ rises as investors expect lender to be less conservative * Blackmores flags China concerns, sends a2 Milk, Bellamy’s lower By Nikhil Nainan Feb 19 (Reuters)...
China needs tax cuts to relieve pressure on economy – vice premier
SHANGHAI, Feb 19 (Reuters) - China’s decision to cut company taxes and fees is an important part of fiscal policy and is a hard-hitting measure needed to cope with pressure on the economy,...
Barclays launches more than 100 Brexit 'clinics' for small businesses
FILE PHOTO: The logo of Barclays bank is seen at its office in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren/File Photo LONDON (Reuters) - Barclays will host more...
UPDATE 1-ANZ's conservative lending sees mortgage book growth slow vs market
(Adds details, CEO comment and background on industry) Feb 19 (Reuters) - Australia and New Zealand Banking Group Ltd reported slower mortgage book growth than the overall market on Tuesday, as the lender...
Australia shares likely to open flat; NZ inches lower
Feb 19 (Reuters) - Australian shares are expected to be
unchanged on Tuesday in the absence of a Wall Street lead due to
a U.S. market holiday.
...
UPDATE 1-Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity
(Reuters) - Student-loan servicer Navient Corp has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company. Navient’s board voted on Monday to reject the $12.50...
Former Lloyd's of London Chairman David Rowland dies
Feb 18 (Reuters) - David Rowland, chairman of the Lloyd’s of London between 1993 and 1997, has died, Lloyd’s of London said in a statement on Monday. He was 85. Rowland is credited...
Papa John's founder Schnatter says he welcomes hedge fund Starboard
NEW YORK (Reuters) - Papa John’s International Inc founder John Schnatter welcomes hedge fund Starboard Value LP’s investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit...
UPDATE 4-Germany bans Wirecard 'shorting' as prosecutors probe FT journalist
FRANKFURT (Reuters) - Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are now the subject of...