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Australia/Oceania

APRA Caps High DebttoIncome Mortgages to Cool Australian Housing Market Risk

The Australian Prudential Regulation Authority APRA has implemented a new policy aimed at mitigating financial stability risks associated with the rap

The Australian Prudential Regulation Authority APRA has implemented a new policy aimed at mitigating financial stability risks associated with the rapidly strengthening housing market. Effective December 1st, APRA has imposed a strict limit on the volume of new loans banks can issue to borrowers with high debttoincome DTI ratios, defined as six or more. The prudential regulator set the limit at 20%, meaning no more than onefifth of a banks new lending—separated into owneroccupier and investor categories—can be to these highrisk borrowers. This measure comes amidst elevated wages growth and continued strength in house prices, which the Reserve Bank of Australia RBA acknowledged signals a tight labor market. The cap is intended to improve lending standards and temper the brisk pace of housing market growth. Read More..

B2B Tech News | 1 months ago         

Global Asset Management Consolidation Nomura Completes Strategic Acquisition of Macquarie’s US and European Public Funds Business

Nomura Holdings announced today the completion of its strategic acquisition of Macquarie Group’s U.S. and European Public Asset Management Business.

Nomura Holdings announced today the completion of its strategic acquisition of Macquarie Group’s U.S. and European Public Asset Management Business. This key transaction, finalized on December 1st, significantly expands Nomuras global asset management capabilities and market share in critical Western financial centers. The move is part of Nomuras longterm plan to diversify its revenue streams and build a robust, globally integrated investment management franchise. The newly integrated entity will combine Macquaries established client base and investment strategies in the U.S. and Europe with Nomura’s considerable resources, aiming to offer a more comprehensive suite of investment products. The completion follows several months of regulatory approvals and integration planning, marking a major milestone in Nomuras international growth strategy. Read More..

B2B Tech News | 1 months ago         

Lion Selects TCS to Drive AIPowered Digital Transformation in Australia and New Zealand

Lion, a leading beverage brand with operations across Australia and New Zealand ANZ, selected Tata Consultancy Services TCS to manage and transform it

Lion, a leading beverage brand with operations across Australia and New Zealand ANZ, selected Tata Consultancy Services TCS to manage and transform its IT landscape. The strategic collaboration will see TCS help Lion transition from legacy systems to a modern cloud infrastructure, enhance cybersecurity protocols, and spearhead application development. A host of AIenabled services will be deployed by TCS to improve Lion’s operational resilience, enhance user experience, and drive continuous innovation. This partnership leverages TCSs global expertise in Consumer Packaged Goods CPG technology, underscoring the growing trend of AIdriven largescale corporate modernization initiatives in the ANZ region. Read More..

B2B Tech News | 1 months ago         

New Zealand GDP Falls 1.2% in Q2, Raising Odds of 50bps Rate Cut

Prior to President Donald Trumps state visit, Google announced a £68 billion $85 billion investment in the UK, with an emphasis on data centres, rene

Prior to President Donald Trumps state visit, Google announced a £68 billion $85 billion investment in the UK, with an emphasis on data centres, renewable energy, and AI infrastructure. In order to power operations responsibly, the strategy calls for growing its London campus, constructing additional hyperscale data centres, and increasing the procurement of green energy. Google wants to create thousands of jobs while bolstering the UKs leadership in AI and digital economy. The investment shows faith in Britains regulatory framework and is consistent with larger U.S.UK tech cooperation. The action was hailed as a "vote of confidence" in the UKs innovation ecosystem by Prime Minister Rishi Sunak. In the face of intensifying competition from China and the EU, the declaration strengthens transatlantic tech relations. Read More..

B2B Tech News | 4 months ago         

ANZ Bank to Cut 3,500 Jobs Under New CEO Nuno Matos

In a significant reorganisation spearheaded by new CEO Maile Carnegie Matos, who assumed leadership in September 2025, Australias ANZ Bank will lay of

In a significant reorganisation spearheaded by new CEO Maile Carnegie Matos, who assumed leadership in September 2025, Australias ANZ Bank will lay off 3,500 employees. In the face of growing competition and pressure from the digital revolution, the layoffs are intended to simplify operations and cut expenses. The majority of impacted positions are in support and backoffice roles, and the bank has promised to provide severance and redeployment benefits. In order to enhance the client experience, Matos underlined the necessity of updating ANZs business strategy and making technological investments. The action comes after similar layoffs at international banks as they adjust to the upheaval caused by fintech and economic uncertainties. The changes, according to analysts, are a reflection of ANZs drive for profitability and agility in a financial environment that is changing quickly. Read More..

B2B Tech News | 4 months ago         

Qantas Confirms Data Breach Affecting 5.7 Million Customers, Linked to Scattered Spider Hackers

After a cyberattack on a thirdparty call centre technology, Australian airline Qantas has reported a significant data breach impacting 5.7 million cus

After a cyberattack on a thirdparty call centre technology, Australian airline Qantas has reported a significant data breach impacting 5.7 million customers. Names, email addresses, frequent traveller information, and more private data, such as residences, phone numbers, birthdates, gender, and food preferences, are among the compromised data for the 1.7 million customers. Passport information, passwords, or financial information were not accessed. The Scattered Spider hacker organisation, which specialises in attacking aviation companies, is thought to be connected to the intrusion. Qantas has improved cybersecurity and is informing impacted customers. The Australian Federal Police is among the authorities conducting the investigation. Customers are advised to utilise multifactor authentication to protect their accounts and to be on the lookout for phishing and impersonation frauds. Read More..

B2B Tech News | 7 months ago         

From Recession Exit to Rate Pause RBNZ Charts Cautious Path Forward

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big ba

Reuters polled 27 analysts and found that the Reserve Bank of New Zealand RBNZ would maintain its benchmark cash rate at 3.25% on July 9. Eight big banks, including ANZ, ASB, and Westpac, predict a 25 basis point drop, while the majority predict no change. As the economy grew by 0.8% in Q1, the RBNZ has already lowered interest rates by 225 basis points since August. Inside the RBNZs 1–3% target range, inflation slowed to 2.5 percent, but uncertainty still exists. If future inflation data is available, a further 25 basis point decrease is anticipated by September, most likely at the August meeting. It is anticipated that inflation will average 2.5% in 2025, with a median yearend rate prediction of 3.00%. Read More..

B2B Tech News | 8 months ago         

RBA Cuts Rates to 3.85% as Australia Navigates Global Economic Uncertainty

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low o

In light of a more bleak global outlook and declining inflation, Australias central bank lowered its policy rate by 25 basis points to a twoyear low of 3.85%. In Q1 2025, consumer price inflation slowed to 2.4%, while core inflation fell to 2.9%, bringing it back to the RBAs target range of 23%. Markets anticipate more easing amid worries over global trade, and the Australian currency dropped 0.4%. In order to avoid making further cuts, the Reserve Bank of Australia continues to exercise caution. The choice takes into account market volatility worldwide, particularly the effect of US tariffs on Australian goods. Read More..

B2B Tech News | 9 months ago         



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