A Global Asset Management Seoul Korea Magazine
Westpac said the decision to sell its stake in Zip reflects its approach to simplifying its business and ensuring the efficient use of capital. “Larry Diamond, Peter Gray and the management team of Zip have done a tremendous job growing the company, including expanding globally. We look forward to seeing them continue to grow a globalcustomer franchise," Westpac chief information officer Gary Thursby said. He indicated that Westpac was still looking to partner with Zip. It was expected to be the first company to sign on to the bank's digital banking platform rather than its rival Afterpay. “We are continuing to explore opportunities with Zip, including working to integrate their buy now, pay later functionality into our mobile banking apps across Westpac and our regional bank brands. This would expand our offering to customers and broaden the customers Zip can reach," Mr Thursby said. “We are also working with Zip on other opportunities for consumer, business and corporate customers that we believe could be mutually beneficial, while continuing to develop our banking relationship with Zip.” Zip's share price has soared along with the rest of the buy now, pay later sector, hitting a high of $9.65 in August.
LA PAZ (AFP) - Hundreds of Bolivians protested on Tuesday (Oct 20) against the impending election win of Mr Luis Arce, as the slow official count appeared set to confirm the leftist as their next president. Authoritative exit polls already suggested Mr Arce, a 57-year-old economist from the Movement for Socialism (MAS) and heir to former president Evo Morales, had beaten centrist former leader Carlos Mesa in Sunday's polls - by a wide enough margin to avoid a second-round runoff. And at about 3am local time on Wednesday, with 86 per cent of ballots scrutinised, the official count showed Mr Arce had 54 per cent, followed by Mr Carlos Mesa on 29.5 per cent. Conservative Luis Fernando Camacho was in third place with 14.4 per cent. The usual rapid count had been abandoned after allegations of irregularities last year that led to Mr Morales' November resignation after 14 years in power. "It's a fraud, as Evo Morales has always done," Yeni, a participant in the protest held in Santa Cruz, Bolivia's richest city and a Camacho stronghold, told AFP. Mr Arce's victory "is like a slap in the face", said
(RTTNews) - Malaysia's consumer prices fell in September, data from the Department of Statistics showed Wednesday. Consumer prices declined 1.4 percent year-on-year in September, same as in August. Economists had expected a 1.3 percent decrease. The annual fall was largely driven by the decline in transportation cost, when prices fell 9.9 percent. Prices for housing, water, electricity, gas and other fuels declined 3.0 percent yearly in September and prices for clothing and footwear fell 0.6 percent. On a monthly basis, consumer prices remained unchanged in September. The core inflation was 1.0 percent in September. During the January to September period, consumer prices fell 1.1 percent from the same period last year.
For his part Rankin looks to have exercised a fatal error of judgment in messing with the commission of inquiry. In a stunning close to its interrogation of Crown directors, counsel assisting Scott Aspinall suggested commissioner Patricia Bergin could recommend Rankin be referred to the Australian Securities and Investments Commission for breaches of Corporations Act. He did so on the basis that Rankin failed in his obligation of due care and diligence to alert the Crown board of the need to elevate his concerns about the significant risk to the company’s staff in China. Also, that he failed to protect them from their arrest which ultimately took place in 2016. In addition, the inquiry heard Rankin as Crown chairman failed in due care and diligence when he failed to tell the Crown board of the serious threat made by James Packer to a private equity executive that we now know to be Ben Gray. It isn’t yet a scalp but it’s likely to send a shiver down the spines of other Crown directors - all of which were wise enough to front the inquiry as witnesses. Loading The most nervous of which must be Packer. He was