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SYDNEY: Australian bank shares surged the most in a decade on Tuesday after a long-awaited report on finance-sector misconduct recommended dozens of rule changes but spared the "Big Four" lenders any serious threat to their market dominance.
KUALA LUMPUR: Automobile sales are expected to see flat growth this year due to moderate economic growth, tighter lending rules, less disposable income and a weak ringgit.
SYDNEY: Australian potato farmer Tom Fox says he had never missed a bank payment in two decades before a delay sending a shipment to Indonesia during a trade dispute between the countries prompted his lender to force him into receivership in 2013.
Two of Microsoft's official distributors in Russia have imposed restrictions on sales of Microsoft software to more than 200 Russian companies following new US sanctions, according to notifications circulated by the distributors.
PETALING JAYA: CIMB Group Holdings Bhd may have turned the corner if some of its recent ratio indicators are anything to go by.
SYDNEY: Australia's central bank kept interest rates steady for a seventh month on Tuesday as data showed exports provided a huge lift to the economy last quarter and helped fill a gaping hole left by business investment.
KUALA LUMPUR: An equity issue may be inevitable for Sime Darby if it wants to reduce its gross gearing from 58% now to an “ideal level” of 40%, said Affin Hwang Capital Research.