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Financials

Westpac posts steady third-quarter profit, helped by higher capital earnings

by Walter Watson
Westpac posts steady third-quarter profit, helped by higher capital earnings

A Westpac bank branch in Sydney, Australia. Katharina13 | iStock Editorial | Getty Images Australia’s Westpac Banking Corp beat analyst forecasts for third-quarter profit on Monday and reported improved net …

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Hong Kong stock market increasingly driven by mainland China investors: Hang Seng Indexes

by Anas Siddiqui
Hong Kong stock market increasingly driven by mainland China investors: Hang Seng Indexes

Hong Kong stock market’s gains this year have been supported by inflows from mainland Chinese investors, who are driving turnover higher, according to a study by index compiler Hang Seng …

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ET Prime Unicorn 100: Are Indian startups finally growing up?

by Edgar Davis
ET Prime Unicorn 100: Are Indian startups finally growing up?

Synopsis Amid a punishing funding slowdown, unicorn startups cut their flab and build new muscles. Their FY23 financials show that, on the whole, they reduced losses while growing in size. …

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High interest rates set to pressure small players

by Anas Siddiqui
High interest rates set to pressure small players

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The benefits of scale will never …

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Abrdn CIO slams jabs at company’s rebranded name

by Ron Morgan
Abrdn CIO slams jabs at company’s rebranded name

The abrdn Plc office at St Andrew Square in Edinburgh, U.K. on Thursday, Nov. 11, 2021. Jonne Roriz | Bloomberg | Getty Images The press making jabs at the current …

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Where is Flipkart’s long-in-the-making IPO?

by Edgar Davis
Where is Flipkart’s long-in-the-making IPO?

Kalyan Krishnamurthy, CEO of Flipkart; illustration by Manali Ghosh Synopsis Huge losses, missed targets, top-level churn, and a heavily skewed GMV mix suggest that Flipkart has its task cut out …

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Loyalty, pricier tickets will drive revenue

by Anas Siddiqui
Loyalty, pricier tickets will drive revenue

A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. …

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Wall Street worries about NYCB’s loan losses and deposit levels

by Anas Siddiqui
Wall Street worries about NYCB’s loan losses and deposit levels

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters Regional lender New York Community …

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$1 billion share buyback, dividend hike

by Walter Watson
 billion share buyback, dividend hike

Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Friday reported 2023 pre-tax profit rose 18%, in line with forecasts, and rewarded shareholders …

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Hong Kong leaders start legislative push to tighten national security laws

by Ron Morgan
Hong Kong leaders start legislative push to tighten national security laws

Chinese flags and Hong Kong flags are hung in Tsim Sha Tsui district on Oct. 4, 2023 in Hong Kong, China. The Chinese government imposed a National Security Law in …

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