China's Real Estate Market Races to Defuse a $148 Billion Time Bomb
Officials are trying to fix a problem that has hung over the sector for years.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
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Litigation costs a factor as ASB net profit drops to $1.3b
ASB is the first of the big four Australian-owned banks to report its New Zealand result.
- ASB's net profit drops to NZ$1.3 billion, a 2% decrease
- $135 million settlement from class action lawsuit impacts costs
- Home lending sector grows by 6% to NZ$84.5 billion