AFP Asia Business
Chinese factory, consumer activity slow amid economy struggles
China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year.Beijing has struggled to fully reignite the world’s number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis and …
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Australia’s ANZ bank hit with record fine over ‘widespread misconduct’
Australia’s ANZ, one of the country’s “big four” banks, has agreed to pay a record fine of Aus$240 million ($159.5 million) over “widespread misconduct”, the financial regulator said Monday.The fine is the largest ever announced by the regulator against a single entity, the Australian Securities and Investments Commission (ASIC) said.ANZ was fined for “acting unconscionably” …
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