News

Sumitomo Mitsui Financial Group Inc (SMFG) on Tuesday reported a 5% decline in first-quarter net profit, saying its retail business was hit by adverse market conditions.

A push by Australian regulators to tighten lending rules risks slowing down Australia's sluggish economy even further, the chief executive of Westpac Banking Corp said on Tuesday.

China's MYbank, an offshoot of Alibaba Group Holding Ltd, seeks to raise about 6 billion yuan ($871 million) in its maiden fundraising, valuing the online lender at 24 billion yuan, according to a source and a fundraising document seen by Reuters.

Britain's competition watchdog said on Tuesday it would not refer Charter Court Financial Services Group's merger deal with OneSavings Bank to an in-depth investigation.

Sub-prime lender Provident Financial on Tuesday reported adjusted first-half profit in line with its own estimates, as it works on reviving its battered home credit business.

British lender CYBG Plc lowered its forecast for full-year margins on Tuesday after posting a slight dip in quarterly margins as a slowdown in its mortgages unit offset growth in lending to small and medium sized businesses and individuals.

U.S. household goods maker Newell Brands Inc has hired Ravi Saligram, the outgoing Chief Executive Officer of Ritchie Bros Auctioneers, as its next CEO, the Wall Street Journal reported https://on.wsj.com/314dGy0 on Tuesday.

* HK->Shanghai Connect daily quota used 0.8%, Shanghai->HK daily quota used 3.3%

Philippine shares fell on Tuesday as investors locked in profits in heavyweight stocks, while other Southeast Asian markets were tepid ahead of the U.S. Federal Reserve's policy meeting. The benchmark Philippine stock index declined 0.8%, with SM Investments Corp and Universal Robina Corp weighing