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The Election Commission uses indelible ink, or “voter ink”, to prevent fraud or duplicate votes. Sujit Jaiswal/AFP/Getty ImagesMore than 960 million people are eligible to vote in India’s election, the world’s biggest. “Indelible ink serves no other purpose,” said Irfan. The company now supplies indelible ink to more than 35 countries, including to Ghana beginning in the late 1970s. However, Ghana’s election commission recently announced it would phase out the use of indelible ink, opting for biometric verification methods instead.
Persons: CNN CNN —, , K Mohammed Irfan, Manish Swarup, Deepika Padukone, Sujit Jaiswal, Irfan, , Ornit Shani, Shani, ” Shani, Prakash Singh, MVPL, Krishna Raja Wadiyar IV, Mukulika Banerjee, Rakesh Nair, Banerjee, haven’t, ‘ I’ve Organizations: CNN CNN, CNN, Getty, Universal, Bloomberg, London School of Economics, Reuters “ Locations: Neemrana, India, Mumbai, AFP, Mysuru, Karnataka, Chennai, Muzaffarnagar district, Uttar Pradesh, Mysore, Ghana, West Bengal
2024’s safest sunscreens for summer and year-round
  + stars: | 2024-05-01 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +10 min
The annual report provides a database of products by brand and type, while also breaking them down into the top recreational sunscreens, the best daily SPF (sun protection factor) and the safest sunscreens for babies and children. Many of the safest choices will be mineral-based instead of chemical-based sunscreens, said Emily Spilman, EWG’s healthy living science program manager. Mineral sunscreens work by physically deflecting and blocking the sun’s rays, as opposed to sunscreens with chemicals that absorb UV rays and release heat as they break down. In 2019, oxybenzone was an ingredient in 60% of all sunscreen products tested by EWG, dropping to 30% in 2022. By 2023 and again in 2024, the chemical was used in only 6% of tested products, which included sunscreens and daily moisturizers and lip balms with sunscreen protection.
Persons: Brianna Starr, Alicia, ” Brianna, we’d, , , Brianna, Rajesh Nair, ” Nair, Emily Spilman, ” Spilman, It’s, “ It’s, Bill Clinton, padimate, Homer Swei, EWG’s, ” Swei, oxybenzone, Len Lichtenfeld, Lichtenfeld, ” Lichtenfeld Organizations: CNN, Orlando Health Cancer, Orlando Health Cancer Institute, Twitter, FDA, US Food and Drug Administration, Care Products Council, U.S . Food, Drug Administration, oxybenzone, American Cancer Society Locations: Kansas, TikTok, Orlando , Florida, Japan, Europe, U.S, Australia
They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."
Persons: , Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia is a global office hub, says India's Mindspace Business ParksRamesh Nair of Mindspace Business Parks says "India is the country with the maximum office absorption in the world."
Persons: Ramesh Nair, Mindspace Business Parks Organizations: Mindspace Business Locations: India
(Reuters) - The Biden administration is seeking to reduce the use of U.S.-made guns in foreign crimes and human rights violations by tightening oversight and rules governing commercial exports of semiautomatic weapons, Bloomberg reported on Wednesday.This follows a review by the U.S. Commerce Department of its support for American gunmakers after a Bloomberg investigation linked increasing civilian gun exports to higher rates of global gun crime, according to the report, which cited draft rules obtained by Bloomberg. Commerce Department officials described the proposed changes to advocacy groups and others last week, telling them that the U.S. State Department would have more influence over vetting exports to countries with poor human-rights records, the Bloomberg report said, citing people who were briefed. Under the draft rules, officials would create distinct trade categories for semiautomatic firearms - including pistols, rifles and shotguns, making it easier for federal regulators to scrutinize exports of those weapons, Bloomberg said. In October last year, the Commerce Department stopped issuing export licenses for most civilian firearms and ammunition for 90 days to assess the "risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities." (Reporting by Devika Nair in Bengaluru; editing by Mark Heinrich)
Persons: Biden, Devika Nair, Mark Heinrich Organizations: Reuters, Bloomberg, U.S . Commerce Department, Bloomberg . Commerce Department, U.S . State Department, Commerce Department Locations: U.S, Bengaluru
New Delhi CNN —Netflix has removed an Indian film from its platform after it sparked backlash and protest from right wing Hindu groups – the latest in several recent controversies where India’s entertainment industry has caved to religious pressure campaigns. The movie was released on Netflix on December 29, where it quickly became the streaming platform’s top trending movie in India, according to production studio Zee Entertainment. “We removed this film at the request of the licensor,” a Netflix spokesperson confirmed to CNN in a statement Tuesday. CNN reached out to Zee Entertainment and the film’s director, but did not receive a response by the time of publication. That incident, like the ongoing controversy over ‘Annapoorani,’ prompted a police complaint against Netflix executives.
Persons: , Ramesh N Solanki, Lord Ram, Shriraj Nair, Vikram Seth, Narendra Modi’s, , , Modi Organizations: New, New Delhi CNN, Netflix, Zee Entertainment, CNN, Hindu IT Cell, Vishwa Hindu Parishad, India, Bharatiya Janata Party, BJP, Locations: New Delhi, India, Asia, Indian, Delhi, Mumbai
The unrest occurred ahead of kickoff in a game between Aston Villa and Legia Warsaw. On Friday, Aston Villa said they had lodged a complaint with UEFA over the conduct of Legia Warsaw and the behaviour of the club's supporters. Legia Warsaw initially claimed that Villa had given them a lower allocation of tickets than they were entitled to under UEFA regulations. "Due to the inability to authenticate and distribute tickets effectively, Legia Warsaw returned the tickets to the host club," Legia Warsaw said in a statement on Saturday. Therefore, we strongly object to Legia Warsaw being blamed for Thursday's incidents in Birmingham."
Persons: Aston Villa, Villa, Farouq Suleiman, Aadi Nair, Toby Chopra, Pritha Organizations: British, Europa Conference League, Midland's Police, Aston Villa, Legia Warsaw, Villa, Police, UEFA, Polish, Thomson Locations: Poland, Birmingham
Nov 24 (Reuters) - Arsenal forward Gabriel Jesus and midfielder Martin Odegaard have returned from the international break fit to face Brentford in the Premier League on Saturday, Arsenal manager Mikel Arteta said on Thursday. Jesus and Odegaard both missed Arsenal's last two league games due to injury, but Jesus played in Brazil's 1-0 loss to Argentina this week after recovering from a hamstring injury. Hopefully (Odegaard) will be available," Arteta told reporters ahead of Saturday's game at the Community Stadium. Arteta confirmed that goalkeeper Aaron Ramsdale will start Saturday's game, with David Raya, on loan from Brentford, ineligible to play against his parent club. Ramsdale had been Arsenal's first choice in goal since joining in 2021 and played all 38 Premier League games last season, but he has been benched for the north London club's last eight league games in favour of Raya.
Persons: Gabriel Jesus, Martin Odegaard, Mikel Arteta, Jesus, Odegaard, Arsenal's, he's, Arteta, Ben White, Aaron Ramsdale, David Raya, Ramsdale, London club's, Aadi Nair, Pritha Sarkar Organizations: Arsenal, Brentford, Premier League, Brazil's, Community, Manchester City, Liverpool, Thomson Locations: Argentina, London, Raya, Bengaluru
Austria's Wiesberger rejoins DP World Tour after LIV spell
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +1 min
Aug 12, 2023; Bedminster, New Jersey, USA; Bernd Wiesberger plays his shot from the third tee during the second round of the LIV Golf Bedminster golf tournament at Trump National Bedminster. Wiesberger, an eight-time winner on the European tour, left to join LIV in 2022. The 38-year-old lost his contract after finishing 41st in the individual standings in the 2023 LIV season and became a free agent. The DP World Tour said Wiesberger had fulfilled all sanctions imposed on him for competing in the rival tour. "Consequently, his request for reinstatement has been granted by DP World Tour Chief Executive Keith Pelley, in accordance with the procedure set out in the Members' Regulations," the DP World Tour said in a statement.
Persons: Bernd Wiesberger, Vincent Carchietta, LIV, Wiesberger, Keith Pelley, Aadi Nair, Ken Ferris Organizations: Bedminster, Trump National Bedminster, DP, Thomson Locations: Bedminster , New Jersey, USA, Austrian, Saudi Arabia, Bengaluru
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 22 (Reuters) - China has placed debt-laden Country Garden Holdings Co (2007.HK) on a draft list of 50 developers eligible for a range of financing support, Bloomberg reported on Wednesday, citing people familiar with the matter. Country Garden declined to comment. Once China's biggest private property developer, Country Garden missed a coupon payment in October, triggering default terms. It is unclear what specific measures will be taken to support the developers on the draft list.
Persons: Aly, CIFI, Bloomberg, Ting Meng, Nomura, Devika Nair, Xie Yu, Kim Coghill, Clarence Fernandez Organizations: Shanghai Country Garden, REUTERS, Garden Holdings, HK, Bloomberg, Ocean Group, CIFI Holdings, Reuters, Wednesday, Regulators, Country, ANZ Bank China, Thomson Locations: Shanghai, China, Beijing, Bengaluru, Hong Kong
O'Sullivan threatens to quit if not allowed to play in China
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +2 min
The 47-year-old Englishman risks sanctions from the World Snooker Tour if he misses events to participate in tournaments in China. When I go to China I play in great venues, great crowds, great prize money. "If that gets to the point where I'm not able to do that or I'm not allowed to do that, then I probably won't play. I'll probably go and play Chinese 8 ball (pool) because I still want to play snooker. Reuters has contacted the World Snooker Tour for comment.
Persons: Ronnie O'Sullivan, O'Sullivan, I'm, Aadi Nair, Ed Osmond Organizations: European Masters, BBC, Reuters, Thomson Locations: China, Bolton, Bengaluru
Budimir seals Croatia qualification for Euro 2024
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
Borna Sosa's cross from the left was perfect for the forward to get ahead of his marker and score from six yards out. Turkey topped the pool with 17 points from their eight games, one more than Croatia. Wales had to settle for a place in the playoffs, while Armenia's dream had been extinguished before their final game. It is a sixth successive qualification for the continental finals for Croatia, and their seventh overall, having finished second and third at the last two World Cups, but never gone beyond the quarter-finals at the Euros. Croatia had to be patient but when Budimir headed them in front just before the break, it eased the tension and was just reward for their ambition.
Persons: Ante Budimir, Marcelo Del Pozo, Ante Budimir’s, Budimir's, Luka Modric, manfully, Kamo, Dominik Livakovic, Budimir, Modric, Mario Pasalic’s, Nair Tiknizyan, Andre Calisir, Ognjen Cancarevic, Nick Said, Toby Davis Organizations: Soccer Football, Copa, Copa del Rey, Real Madrid, Osasuna, Estadio, La, Armenia, Croatia, Wales, Thomson Locations: Copa del, Seville, Spain, Croatia, Germany, Zagreb, Armenia, Turkey
Djokovic has won the Australian Open, French Open and U.S. Open this year to take his tally up to 24 Grand Slam titles and overtake rival Rafa Nadal. He also surpassed Steffi Graf's record for the most weeks as world number one. "I had an almost perfect season, Grand Slam season," Djokovic told reporters after his 6-3 6-2 win over Alcaraz on Saturday. Djokovic will take on local favourite Sinner in the final later on Sunday, where the world number one will be out for revenge after losing to the Italian in the group stage. "But I don't think it's going to prevail because he's been playing well, he's going to have crowd on his side.
Persons: Novak Djokovic, Carlos Alcaraz, Sinner, Djokovic, Rafa Nadal, Steffi Graf's, I'm, I've, he's, Aadi Nair, Kim Coghill Organizations: Alcaraz, Won, Thomson Locations: Bengaluru
Victory marked a special weekend for Di Giannantonio, who also finished second in Saturday's sprint . I was struggling with the front (tyre) but I saw Pecco (Bagnaia) making little mistakes," a grinning Di Giannantonio said in a post-race interview. Bagnaia lost the lead with four laps to go but the Ducati rider has still put one hand on the rider's championship after extending his lead over Martin to 21 points. Up front, Di Giannantonio did not let up. "We managed to do a perfect start, I tried to create a gap but Diggia (Di Giannantonio) was incredible.
Persons: Racing's Fabio Di Giannantonio, Francesco Bagnaia, Jorge Martin, Di Giannantonio, Bagnaia, Luca Marini, It's, Martin, Marini, Marc Marquez, Yamaha's Fabio Quartararo, Jack Miller, Giannantonio, we've, Jorge, Rohith Nair, Toby Davis Organizations: Qatar, Prix, MotoGP, Circuit, VR46 Racing, Ducati, Thomson Locations: LUSAIL, Qatar, Bengaluru
Murray withdraws from Britain's Davis Cup squad with injury
  + stars: | 2023-11-18 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Tennis - Davis Cup - Finals - Britain v Switzerland - AO Arena, Manchester, Britain - September 15, 2023 Britain's Andy Murray celebrates winning his match against Switzerland's Leandro Riedi Action Images via Reuters/Jason Cairnduff/ File photo Acquire Licensing RightsNov 18 (Reuters) - Former world number one Andy Murray has withdrawn from Britain's Davis Cup squad ahead of the finals next week due to a shoulder injury, the Briton said on Saturday, effectively ending his season. Murray guided Britain to the finals after missing his grandmother's funeral to help his team beat Switzerland in September. "I've picked up a minor shoulder injury, which means I won't be able to take part in the Davis Cup," Murray said in a statement. "I'm gutted not to be a part of the squad, but my focus is now on rehab and getting ready for the new season." Murray, 36, split with long-time coach Ivan Lendl for a third time earlier this month.
Persons: Andy Murray, Switzerland's Leandro Riedi, Jason Cairnduff, Murray, I've, Ivan Lendl, Rohith Nair, Hugh Lawson Organizations: AO, Britain's Davis, Briton, Switzerland, Thomson Locations: Britain, Switzerland, Manchester, Serbia, Malaga, Bengaluru
Alexander-Arnold previously struggled to hold down a starting place as right back under Southgate, with the manager preferring Reece James, Kyle Walker or Kieran Trippier. "I see an opportunity to play in the Euros and it's an opportunity I want to take," Alexander-Arnold told reporters. I had spoken to the manager leading up to that camp and he explained there could be a potential opportunity in midfield. Alexander-Arnold has frequently played in a hybrid midfield role for Liverpool in recent months, in which he operates as a full back when out of possession but moves into midfield when Liverpool attack. Southgate said Alexander-Arnold had the technical ability required to thrive in midfield.
Persons: Trent Alexander, Arnold, Gareth Southgate's, Alexander, Reece James, Kyle Walker, Kieran Trippier, it's, Southgate, Aadi Nair, Robert Birsel Organizations: Malta, Liverpool, Wembley, North, Thomson Locations: England's, North Macedonia, Germany, Southgate, Malta, England, Bengaluru
Nov 17 (Reuters) - Manchester City midfielder Kevin De Bruyne may be one of the best assist providers in the Premier League but the Belgian was forced to concede he played no part in assisting off the pitch by co-writing Canadian rapper Drake's new song "Wick Man". Drake's new song was released on Friday and the credits list a 'K. The viral image quickly got De Bruyne's attention and although the 32-year-old played along at first, he quickly denied having assisted the rapper. "Drake needed an assist," De Bruyne wrote in a cheeky post on social media. De Bruyne is currently recovering after surgery on a hamstring injury he suffered on the opening day of the Premier League season in August.
Persons: Kevin De Bruyne, Drake's, De Bruyne, Drake, it's, Bruyne, Erling Haaland, Rohith Nair, Christian Radnedge Organizations: Manchester City, Premier League, City, Thomson Locations: Belgian, Belgium, Instagram, Bengaluru
Nov 17 (Reuters) - Scotland's Scott McTominay lashed out at Georgia's players, saying they fell to the ground theatrically and feigned injury during a heated 2-2 draw between the sides in a Euro 2024 qualifying Group A match on Thursday. Khvicha Kvaratskhelia scored twice for Georgia, while McTominay scored his seventh goal in seven qualifiers for Scotland before Lawrence Shankland struck in stoppage time to secure a draw. In a testy end to the match, McTominay was fouled by Giorgi Kochorashvili. "They should do something about people pretending they're injured when they're not. Reporting by Aadi Nair in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Scott McTominay, Khvicha Kvaratskhelia, McTominay, Lawrence Shankland, Giorgi Kochorashvili, Kochorashvili, they've, it's, they're, Aadi Nair, Muralikumar Organizations: Scotland, Viaplay Sports, Spain, Norway, Thomson Locations: Georgia, Scotland, Spain, Bengaluru
SPL director Emenalo hoping for quiet January window
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +2 min
Nov 17 (Reuters) - Saudi Pro League (SPL) clubs should only sign players of the "highest level" in the January transfer window after aggressively splashing out in the summer, the league's director of football, Michael Emenalo, said. The outlay of $957 million in the Saudi summer window, which closed on Sept. 7, saw several high-profile players including Neymar, Karim Benzema and N'Golo Kante move to the league. The league's spending exceeded that of four of Europe's "big five" leagues with only Britain's Premier League clubs splurging more on transfers than those in the Middle Eastern country. "I think we accomplished what we wanted to accomplish, which was to get our foot into the market and compete aggressively," Emenalo said in an interview on the SPL website. "But, also, we wanted to do that while giving every single club in the league an opportunity to improve.
Persons: Michael Emenalo, Karim Benzema, Emenalo, it's, Aadi Nair, Robert Birsel Organizations: Saudi Pro League, Neymar, Britain's Premier League, SPL, Thomson Locations: Saudi, Bengaluru
McIlroy tee shot lands on spectator's lap in Dubai
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
McIlroy playfully pretended to take his next shot off her lap amid laughter before he called for the referee, who himself could not contain a smile as he took in the Northern Irishman's predicament while the woman stood absolutely still. loading"You can pass him the ball," the referee said as the relieved woman quickly picked up the ball and handed it to McIlroy. McIlroy also found the wooden bridge on the 18th, bizarrely the second player to do so after Viktor Hovland's shot on the 17th landed on the rickety structure. Nicolai Hojgaard, Julien Guerrier and Matthieu Pavon shared a three-way lead after they shot 67 for five-under par. Reporting by Rohith Nair in Bengaluru; Editing by Julien PretotOur Standards: The Thomson Reuters Trust Principles.
Persons: Ryder, Marco Simone Golf, Rory McIlroy, Carl Recine, teed, McIlroy, Viktor Hovland's, Nicolai Hojgaard, Julien Guerrier, Matthieu Pavon, Rohith Nair, Julien Pretot Organizations: Country Club, REUTERS, Jumeirah Golf Estates, Thomson Locations: Rome, Italy, Dubai, Bengaluru
TURIN, Nov 16 (Reuters) - World number one Novak Djokovic beat ATP Finals alternate Hubert Hurkacz 7-6(1) 4-6 6-1 in their Green Group clash on Thursday but the six-time champion will be sweating over semi-final qualification. Djokovic will have to wait for the final group match between Sinner and Denmark's Holger Rune later on Thursday to learn his fate. But at 6-5 down, Djokovic switched gears and won 10 points in a row to take the contest into a tiebreak, setting up six set points in the blink of an eye. Although Hurkacz saved one set point, the Serbian closed out the set to take the upper hand. Although the Poler hit more winners than Djokovic, he also made 41 unforced errors which proved to be the difference.
Persons: Novak Djokovic, Hubert Hurkacz, Djokovic's, Hurkacz, Stefanos Tsitsipas, Jannik, Djokovic, Denmark's Holger Rune, Rune, Poland's Hurkacz, unreturned, Rohith Nair, Ken Ferris Organizations: ATP, Group, Thomson Locations: TURIN, Turin, Serbian, Bengaluru
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 13 (Reuters) - Amazon (AMZN.O) has reached a deal with Snap (SNAP.N) that will let people buy its products directly from ads on the Snapchat app, the Information reported on Monday, a week after the ecommerce giant struck a similar partnership with Facebook-owner Meta Platforms (META.O). The Snapchat advertisement deal, currently being rolled out to customers in the U.S., will allow users to buy products from Amazon.com without leaving the social media app, the Information added. It would also show them real-time pricing, Prime eligibility and delivery estimates, the report said, citing an Amazon spokesperson. Reporting by Devika Nair in Bengaluru; Editing by Sonia Cheema and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Devika Nair, Sonia Cheema Organizations: Amazon, REUTERS, Facebook, Meta, Reuters, Thomson Locations: New York City, U.S, Bengaluru
Amazon to sell shopping ads on Snapchat - spokesperson
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: +1 min
The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. Customers will be able to shop directly from Amazon's Snapchat ads and check out without leaving the social media app, the Seattle-based company said in an emailed statement. Potential buyers would also be able to see real-time pricing, Prime eligibility, delivery estimates, and product details on select Amazon product ads in Snapchat as part of the new experience, it added. The deals with Meta and Snap come as the ecommerce giant looks to boost its product offerings through social media applications. Reporting by Devika Nair and Anirudh Saligrama in Bengaluru; Editing by Sonia Cheema and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Devika Nair, Anirudh, Sonia Cheema Organizations: Amazon, REUTERS, Facebook, Meta, Thomson Locations: New York City, U.S, Seattle, Snapchat, Bengaluru
That pushed net profit from the bank's institutional unit up 53% to overtake its retail unit, by dollar value, in the year to September, and helped the Melbourne-listed company grow overall profit 14% to A$7.4 billion ($4.7 billion), just missing a Visible Alpha consensus forecast of A$7.56 billion. But analysts expressed concern about a faster-than-expected narrowing of profit margin from the bank's retail unit, the only one of Australia's so-called big four lenders that has persisted with offering cash handouts to lure mortgage customers looking for a cheaper deal. The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. ANZ CEO Shayne Elliott denied forgoing margin to grow mortgages faster than the market, and challenged comments from other banks that have said they were intentionally slowing mortgage growth while competition eroded profit. ANZ declared a final dividend of 94 Australian cents per share, up from 74 cents a year ago.
Persons: NIM, Lucy Craymer, Shayne Elliott, we've, Byron Kaye, Rishav Chatterjee, Roushni Nair, Lisa Shumaker, Stephen Coates Organizations: ANZ, Westpac, National Australia Bank, midsession, ANZ Bank, REUTERS, UBS, Thomson Locations: Melbourne, Lambton Quay, Wellington , New Zealand, Sydney, Bengaluru
The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. The banking group's Aussie commercial business recorded 11% revenue growth over the year with lending rising to record high of A$62 billion. ANZ intends to expand its commercial business with focus on its currency and payment sites while reducing costs, it said. ANZ declared a final dividend of 94 Australian cents apiece, up from 74 Australian cents apiece announced a year ago. ANZ, however flagged that the external environment will likely remain challenging adding that higher interest rates will impact economic activity as it sees "another year of cost-of-living pressures."
Persons: Lucy Craymer, Azib Khan, Rishav Chatterjee, Roushni Nair, Grant McCool, Lisa Shumaker Organizations: ANZ Bank, REUTERS, ANZ, Citi, P Capital, Suncorp, Thomson Locations: Lambton Quay, Wellington , New Zealand, Australia, Bengaluru
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