The wealth manager has upgraded its first-half profit guidance, citing stronger earnings from its China partnerships and favourable investment income.
FINANCE
National Payment Systems Challenge Visa and Mastercard’s Dominance
Key Highlights Countries are increasingly developing domestic and regional payment systems to decrease dependence on U.S.-based settlement networks. Brazil expands its Pix, Wero in Europe, India with UPI, and China with payment infrastructure. Visa and Mastercard cited the increasing popularity…
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Westgold Finalises $12.6M Chalice Project Divestment
The transaction with Corazon Mining completes Westgold's strategic asset sale program, which has generated more than $200 million in shareholder value.
Japan Moves to Tighten Activist Investor Disclosure Regime
The government is considering stricter disclosure enforcement as activist investing continues to grow in one of Asia's busiest equity markets.
Goldman Sachs Sees Yen Weakening to 165 Per Dollar, Favours Carry Trades
Key Highlights Goldman Sachs yen forecast 165 sees USD/JPY will end this year at 165 compared to the previous 155. The bank also lifted its three-month outlook to 162 and six-month forecast to 163. Goldman cited big gap in US…
Australia Services Activity Rebounds, but Demand Weakness Clouds Outlook
The services sector returned to growth in June as businesses increased staffing and activity levels, although declining new orders raised concerns about the sustainability of the rebound.
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01
ASIC Writes Down $87M in Unpaid Penalties Despite Record Enforcement Year
Australia’s corporate regulator has recorded an $87 million impairment against unpaid penalties, acknowledging that a portion of court-imposed fines is unlikely to be recovered despite a record year for enforcement actions.
02
How Australia’s Annual Wage Review Works
Australia’s Annual Wage Review determines minimum wage increases each year, impacting millions of workers. The 2026 decision introduced a 4.75% rise, lifting the National Minimum Wage and award rates. This explains how the system works, who sets wages, and what employers and employees need to know about the changes.
03
Switch Seeks $2B Funding Round Amid AI Data Center Boom
The data center company is reportedly raising about $2 billion in a funding round led by Andreessen Horowitz as surging AI demand drives investment in digital infrastructure.