ANZ Bank shares rose to their highest since May on Friday after the bank said it was doubling the scale of its share buyback programme to A$3bn ($2.2bn), citing progress of its restructuring programme.
US banks’ hopes of making record payouts to shareholders over the coming year were boosted on Thursday as the industry cleared the first round of the Federal Reserve’s stress tests — although some would come close to breaching some capital requirements in a worst-case scenario.
US President Donald Trump is coming to his wife Melania’s defence after she courted controversy by wearing a jacket emblazoned with the words “I really don’t care do u?” on her way to visit detained children near the US border.
The US government has asked a court to extend the period that children who have entered America illegally can be detained, as part of an effort to stop them from being separated from their parents, after Donald Trump eased his “zero-tolerance” immigration policy in the face of intense criticism.
Wall Street analysts were mostly confident Intel could ride out a change of leadership after the US chipmaker on Thursday said its chief executive Brian Krzanich had been forced to resign following a past relationship with an employee that violated company policy.
Saudi Arabia hopes to attract more than $40bn in foreign investment inflows after MSCI added the kingdom to its emerging markets index as the country prepares to publicly list its state oil company Saudi Aramco, a senior official said.
The Bank of Mexico on Thursday increased its key interest rate by 25 basis points to 7.75 per cent, the highest in more than nine years, as the peso weakened, inflation prospects worsened a touch and risks surrounding the future of Nafta hinted at more volatility to come.
The White House has begun preparations for a possible summit between US president Donald Trump and Russian president Vladimir Putin, a meeting the Kremlin has pursued since Mr Trump took office 17 months ago.
Kroger posted upbeat quarterly earnings and lifted the lower end of its earnings outlook, prompting investors to cheer the grocer, which is investing in its online business to fend off competition from Amazon.
Premier Foods, maker of Mr Kipling cakes, said on Thursday that its second-biggest shareholder, activist group Oasis Management, intended to vote against the re-election of Gavin Darby as chief executive at next month’s annual meeting and “may encourage others to do the same.”
France’s Vincent Bolloré was dealt another blow on Thursday when Paris local authorities voted to end their partnership with Autolib’, the lossmaking electric car-sharing service that is operated by the billionaire industrialist’s family holding company.
Brick-and-mortar retailers secured a big win over online rivals on Thursday as the US Supreme Court overturned a ruling that had enabled many ecommerce retailers to avoid collecting sales tax from customers.
Transatlantic airline Virgin Atlantic said on Thursday its chief executive Craig Kreeger will retire at the end of the year, to be succeeded by the group’s current chief commercial officer, Shai Weiss.