Global Credit Starts to Wobble as Market Pain Spreads April 7, 2025 By Tom Westbrook and Amanda Cooper Global credit markets began to come under fire on Monday, driving the cost of insuring against corporate and sovereign default...
Update: Bank Shares Rise After Credit Suisse Rescue Eases Crisis March 20, 2023 By Amanda Cooper, Tom Westbrook and John Revill U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover...
Hackers Return $260M to Cryptocurrency Platform After Theft of $613M in Digital Coins August 12, 2021 By Tom Wilson, Tom Westbrook and Alun John LONDON/SINGAPORE/HONG KONG – Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613...
Australia’s AMP to Sell Life Insurance Arm at Discount, as Funds Bleed Cash October 25, 2018 By Tom Westbrook and Paulina Duran Australia’s largest wealth manager AMP Ltd said on Thursday it would sell its life insurance arm at a discount and...
Australia’s Financial Institutions Put Profit over Customers, Mis-Sold Insurance: Inquiry September 28, 2018 By Colin Packham and Tom Westbrook Australia’s big banks and wealth managers pursued profit ahead of their customers’ interests and saw regulatory compliance as a cost...
Australia Bans China’s Huawei from Supplying Mobile Equipment, Citing Hacking Risks August 23, 2018 By Tom Westbrook and Byron Kaye Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd. from supplying equipment for a 5G mobile network, citing risks...
Australia’s QBE Reports 4% Rise in H1 Profit – on Fewer Natural Disasters August 16, 2018 By Tom Westbrook Australia’s QBE Insurance Group Ltd. posted a better-than-expected 4 percent rise in first-half profit, helped by fewer natural disasters in...
Facebook in Australia Faces Potential Class Action Suit over Data Privacy Breaches July 10, 2018 By Tom Westbrook Litigation funder IMF Bentham Ltd is preparing to potentially sue social media giant Facebook Inc in Australia over its sharing...
Cash-Strapped Papua New Guinea Gov’t Struggles to Help Desperate Quake Survivors March 26, 2018 By Tom Westbrook Almost a month after a deadly earthquake, Papua New Guinea is struggling to get aid to desperate survivors, having allocated...
Weather, Road Damage Slows Relief Efforts After Papua New Guinea Quake March 1, 2018 By Tom Westbrook The death toll from the strongest earthquake to strike Papua New Guinea’s rugged interior in almost a century has climbed...