AFP Asia Business
Australia moves to keep its banks in the Pacific
Australia will move to stem the exodus of its banks from the Pacific Islands, the country’s top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.For years, Western banks have been shuttering branches throughout the South Pacific, citing political turmoil, wafer-thin profits and the high cost of …
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Sri Lanka’s leftist president faces first parliament test
Sri Lanka’s new leftist leader has drawn strong support from an unlikely source as he seeks to expand his three parliamentary seats to a house majority in elections on Thursday.President Anura Kumara Dissanayake, 55, who counts Karl Marx and Che Guevara among his heroes, has the backing of the country’s largest and most influential private …
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