June 28, 2024

Federal Treasurer Jim Chalmers has approved ANZ’s (ASX:ANZ) purchase of Suncorp’s (ASX:SUN) banking arm for $4.9 billion. The decision clears the way for the biggest merger in banking since the Commonwealth Bank acquired the struggling Bankwest during the global financial crisis in 2008, and Westpac bought St. George at the same time. ANZ chief executive […]

The slowdown in US economic growth in the first months of the year was confirmed overnight Thursday by the third and final estimate of GDP for the March quarter. Growth was estimated at an annual rate of just 1.4%—better than the 1.3% estimate in the first two estimates but well down from the 3.4% annual

Ramelius Resources (ASX:RMS) continues its patient expansion in the WA gold industry, putting a medium-sized boot on smaller rival Spartan Resources (ASX:SPR). In a move this week, Ramelius revealed it had taken an 8.9% stake in Spartan but added that it has “no current intention to acquire control or make a takeover” of the smaller