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Business 08 Dec 2020 | 7:00 AM

Westpac to sell Pacific businesses for US$312mil

SYDNEY: Westpac Banking Corp will sell its Pacific businesses in Fiji and Papua New Guinea for up to A$420mil (US$312.1mil), Australia’s No 3 lender said yesterday, offloading another unit to focus on its core local operations.

Business 03 Dec 2020 | 7:00 AM

Westpac sells general insurance unit to Allianz for US$535mil

SYDNEY: Australia’s Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725mil (US$535mil), it said yesterday, further trimming its portfolio to beef up capital and focus on local business.

Investment 17 Oct 2020 | 7:00 AM

Finding investment income now that bank dividends are drying up

WASHINGTON: The worst year for stock dividends in over a decade is upending formerly rock-solid retirement plans all across Asia.