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☆ New Zealand's National Party Reaches Deal to Form Government
▼ + stars: | 2023-11-22 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

WELLINGTON (Reuters) - New Zealand's National Party has reached an agreement with ACT New Zealand and New Zealand First to form a government, and the final signoff could be done later on Thursday, the leaders said. The conservative National Party won the largest share of votes in New Zealand's Oct. 14 general election but needed the support of both right-wing ACT New Zealand and the populist New Zealand First Parties to form a majority government. The statement did not include details of any ministerial appointments or the incoming government's policy priorities. Currently, the government is being operated by the former Labour government, which is operating in caretaker mode. (Reporting by Lucy Craymer and Renju Jose; Editing by Jamie Freed and Stephen Coates)

Persons: Christopher Luxon, ACT's David Seymour, New Zealand First's Winston Peters, Lucy Craymer, Renju Jose, Jamie Freed, Stephen Coates Organizations: WELLINGTON, Reuters, National Party, ACT New, New Zealand, ACT New Zealand, Zealand, Labour Locations: ACT New Zealand, New

☆ Planting 'koala corridors' to save Australia's endangered marsupial
▼ + stars: | 2023-11-22 | by ( Jill Gralow | ) www.reuters.com time to read: +3 min

BANGALOW, Australia, Nov 22 (Reuters) - When Lucy was rescued from a rural property in New South Wales two years ago, she was suffering from chlamydia, a disease widespread among koalas. Today, she's one of the lucky residents of tree corridors in the Australian state dedicated to protecting the marsupial by preserving its rapidly shrinking habitat. "Our corridors are actually trying to get them away from humans, from cars, from dogs," said Linda Sparrow, president of Bangalow Koalas. [1/5]Lucy, an adult female Koala sits in a eucalyptus tree planted by Bangalow Koalas, in Bangalow, Australia in this undated image. Saul Goodwin/Handout via REUTERS Acquire Licensing RightsFounded in 2019, Bangalow Koalas has planted over 336,000 trees on 119 properties, contributing to koala conservation and boosting the local ecosystem.

Persons: Lucy, Linda Sparrow, Bangalow, Bangalow Koalas, Saul Goodwin, Handout, Sparrow, Lindy Stacker, Jill Gralow, Alasdair Pal, Miral Organizations: Australia, REUTERS Acquire, Australian Koala Foundation, World Wildlife Fund, Thomson Locations: BANGALOW, Australia, New South Wales, Northern Rivers, Bangalow, Northern, Queensland

☆ US durable goods orders fall on weakness in transportation equipment sector
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. Economists polled by Reuters had forecast durable goods orders would decline 3.1%. Durable goods orders rose 4.0% on a year-over-year basis in October. These so-called core capital goods orders were previously reported to have risen 0.5% in September. Business spending on equipment spending contracted in the third quarter.

Persons: Lucy Nicholson, Detroit's, Lucia Mutikani, Paul Simao Organizations: REUTERS, Rights, United Auto Workers, UAW, Data, Reuters, Manufacturing, General Motors, Ford, Chrysler, Civilian, Boeing, Machinery, Thomson Locations: Los Angeles , California, U.S, Department's

Investors cautioned that tax breaks would not be sufficient to raise business investment while UK interest rates stayed high. But Wednesday, equity markets focused on Hunt's business boosts, such as a move to make full expensing on investment permanent. UK stock markets have underperformed their European and U.S. peers in 2023. The FTSE 100 index 12-month forward price-to-earnings ratio is around 10.7, about half that of U.S. stocks, with Hunt's budget unlikely to move the dial too far. Reuters GraphicsSTERLING SOGGYThe pound struggled to gain any traction on the back of Hunt's budget.

Persons: Dado Ruvic, Kwasi Kwarteng, Leigh Himsworth, Simon Harvey, Philip Shaw, Thomas McGarrity, Fuller, Smith, Turner, Oli Creasey, It's, BoE, GILTS, Craig Erlam, Goldman Sachs, Naomi Rovnick, Samuel Indyk, Lucy Raitano, Amanda Cooper, Harry Robertson, Angus MacSwan Organizations: REUTERS, Wednesday, Traders, Investors, Fidelity International, Reuters Graphics, Bank of England, BT, Investec, RBC Wealth Management, Reuters, BREWERS, Debt Management, Reuters Graphics STERLING, Thomson Locations: U.S, Cheviot, gilts, London

Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. Citigroup declined to comment on all the personnel moves, and none of the leaders named responded to requests for comment. The full reorganization could involve thousands of layoffs, according to a source familiar with the situation who was not authorized to speak publicly. Preparations for Monday's announcements were communicated verbally in meetings last week, according to another source familiar with the situation. Final announcements related to the overhaul will be made early next year, Fraser said in a memo to employees.

Persons: Jane Fraser, Eduardo Martinez Campos, Andy Sieg, Andrew Kelly, Valentin Valderrabano, Patricia Dorosz, Nacho Gutiérrez, Carmen Haddad, Fahad Aldeweesh, Haddad, Jose Miguel Salvador Nasur, Peter Babej, Ernesto Torres Cantú, Brad Wayman, Chris McCullough, Wayman, Patrick Gallagher, Lucy Baldwin, Sandeep Arora, Fraser, Mark Mason, Tatiana Bautzer, Lananh Nguyen, Andres Gonzalez, Saeed Azhar, Bayliss, Echo Wang, Isla Binnie, Nick Zieminski, Stephen Coates, Marguerita Choy Organizations: Citigroup, Citi, Citi Wealth Services, Citibank, New York Stock Exchange, REUTERS, Svea Herbst, Thomson Locations: Manhattan , New York City, U.S, Europe, Saudi Arabia, Chile, New York, London, Svea

☆ Mead back in England squad for Nations League games
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +3 min

Nov 21 (Reuters) - Beth Mead has been recalled to the England squad for the first time in over a year after recovering from an anterior cruciate ligament injury. Manager Sarina Wiegman named her squad for the Lionesses' last two games of the Nations League on Tuesday. Team GB is made up of players from England, Scotland, Wales and Northern Ireland and as the highest ranked British team, England are the nominated nation to qualify on Britain's behalf. This means Scotland may need to lose against England if they are to take part in the Olympics. The Netherlands have a home game with Belgium in their final group game.

Persons: Beth Mead, Sarina Wiegman, Mead, We've, Wiegman, Khiara Keating, Ellie Roebuck, Mary Earps, Hannah Hampton, Millie Bright, Lucy Bronze, Jess Carter, Niamh Charles, Alex Greenwood, Maya Le Tissier, Esme Morgan, Lotte Wubben, Grace Clinton, Fran Kirby, Georgia Stanway, Ella Toone, Keira Walsh, Katie Zelem, Rachel Daly, Lauren Hemp, Lauren James, Chloe Kelly, Alessia Russo, Trevor Stynes, Christian Radnedge Organizations: England, Nations League, Brighton & Hove Albion, Wembley, Team, Scotland, British, Olympics, Manchester City, Thomson Locations: Spain, Arsenal's, England, Netherlands, Belgium, Scotland, Wales, Northern Ireland, Georgia

☆ New Zealand PM-elect says 'significant milestone' reached in forming govt
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

Christopher Luxon, leader of New Zealand's National Party waves to supporters at his election party after winning the general election in Auckland, New Zealand, October 14, 2023. REUTERS/David Rowland/File Photo Acquire Licensing RightsWELLINGTON, Nov 20 (Reuters) - New Zealand's Prime Minister elect Christopher Luxon said on Monday that a "significant milestone" had been achieved in forming a government overnight with the National Party, ACT New Zealand and New Zealand First agreeing on policy programmes. National won the largest share of votes in New Zealand's Oct. 14 general election but needs both NZ First and ACT to form a government. Luxon told reporters in Auckland that National had agreed their policy programmes with ACT and NZ First. Luxon said he did not expect that to take too long, and discussions would focus on these decisions this afternoon.

Persons: Christopher Luxon, David Rowland, Luxon, Newshub, Lucy Craymer, Miral Organizations: New, National, REUTERS, Rights, Zealand's, National Party, ACT New, New Zealand, NZ First, ACT, NZ, Thomson Locations: Auckland , New Zealand, ACT New Zealand, New, Auckland

☆ New Zealand PM-Elect Says 'Significant Milestone' Reached in Forming Govt
▼ + stars: | 2023-11-19 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

WELLINGTON (Reuters) - New Zealand's Prime Minister elect Christopher Luxon said on Monday that a "significant milestone" had been achieved in forming a government overnight with the National Party, ACT New Zealand and New Zealand First agreeing on policy programmes. National won the largest share of votes in New Zealand's Oct. 14 general election but needs both NZ First and ACT to form a government. Luxon told reporters in Auckland that National had agreed their policy programmes with ACT and NZ First. Website Newshub reported that Luxon said he was very relieved to have finished that part of the coalition talks. Luxon said he did not expect that to take too long, and discussions would focus on these decisions this afternoon.

Persons: Christopher Luxon, Luxon, Newshub, Lucy Craymer, Miral Fahmy Organizations: WELLINGTON, Reuters, Zealand's, National Party, ACT New, New Zealand, National, NZ First, ACT, NZ Locations: ACT New Zealand, New, Auckland

☆ Treasuries see first weekly outflow since Feb as investors buy stocks
▼ + stars: | 2023-11-17 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. Cash funds saw inflows of $20.5 billion, BofA said, and overall investors bought $2.6 billion in bonds, marking a sixth week of inflows. Outflows from emerging markets debt continued for the 16th week, with EM funds shedding $1.6 billion in the latest week. BofA's bull & bear indicator, a measure of market sentiment, rose marginally to 1.7 from 1.6, a contrarian "buy" signal, said BofA.

Persons: Kevin Lamarque, Cash, BofA, financials, Lucy Raitano, Amanda Cooper, Chizu Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Bank of America, Investors, Federal Reserve, Thomson Locations: Washington , U.S, U.S, United States, Europe

☆ Boygenius pay tribute to Sinéad O’Connor with charity single
▼ + stars: | 2023-11-17 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —The indie supergroup boygenius released a charity single on Friday, paying tribute to Sinéad O’Connor, the Irish singer-songwriter who died in July at age 56. Boygenius collaborated with Irish folk duo Ye Vagabonds to produce a cover of the popular folk song “The Parting Glass,” with the proceeds going to the Aisling Project – a Dublin-based charity chosen by O’Connor’s estate, which provides after-school activities, support and meals for disadvantaged children and young people. “We are absolutely thrilled that boygenius have chosen to give proceeds from the release to Aisling Project,” Project Leader Mícheál Clear told CNN. “It’s an absolute privilege to be associated with the stunningly beautiful homage to Sinéad O’Connor and we can’t possibly thank boygenius enough.”Sinéad O'Connor performs in Amsterdam, Netherlands in 1988. Like the recently Grammy-nominated boygenius, O’Connor also sang a version of “The Parting Glass” as a track on her 2002 album “Sean-Nós Nua.”

Persons: Sinéad O’Connor, Boygenius, Ye, boygenius, Clear, “, Sinéad, ” Sinéad O'Connor, Paul Bergen, Phoebe Bridgers, Lucy Dacus, Julien Baker, O’Connor, Stone, Sean, Nós, ” Organizations: CNN, Aisling, Catholic Locations: Irish, –, Dublin, Amsterdam , Netherlands

☆ Why ‘how was school?’ isn’t a good question to ask kids. Here's what to say instead
▼ + stars: | 2023-11-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +5 min

What to say right after schoolBe patient and wait until your child is ready to talk, Deiros Collado said. Only when kids are calm and their basic needs are met can they hold a meaningful conversation," Deiros Collado said. "What" is a much better way to begin, Deiros Collado said. "What did [a teacher or friend] say today?" It's also important to talk about emotions, as they can "show you a different side of your child's day," Deiros Collado said.

Persons: Courtney Hale, Dr, Linda Papadopoulos, would've, Martha Deiros Collado, Deiros Collado, Papadopoulos, Rather Organizations: CNBC

☆ Jeremy Allen White, Boygenius among 2023 GQ Men of the Year honourees
▼ + stars: | 2023-11-16 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

[1/2] Jeremy Allen White attends the 29th Screen Actors Guild Awards at the Fairmont Century Plaza Hotel in Los Angeles, California, U.S., February 26, 2023. REUTERS/Aude Guerrucci/File Photo Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Movie, music, fashion and sports stars came together at London's Royal Opera House on Wednesday to raise a toast for the 2023 GQ Men of the Year honourees. Guests at the glitzy gala dinner, organised by the men's fashion and style magazine, celebrated the achievements of this year’s cover stars, actors Jeremy Allen White, Andrew Scott, Ncuti Gatwa and musical trio Boygenius. "The Bear" star White, fresh off from premiering his new A24 wrestling biopic "The Iron Claw" in Dallas, Texas, said being honored was taking some getting used to. White and his "The Bear" co-star Ebon Moss-Bachrach said Season 3 of the series would start filming next year but remained tight-lipped on details.

Persons: Jeremy Allen White, Andrew Scott, Ncuti Gatwa, Phoebe Bridgers, Lucy Dacus, Julien Baker, jetted, I'd, ”, Ebon Moss, Bachrach, Moss, Scott, Vanya, I'm, Molly Manning Walker, Jack Antonoff, Mary Earps, Hanna Rantala, Diane Craft Organizations: REUTERS, London's Royal Opera House, Thomson Locations: Los Angeles , California, U.S, ., London, Dallas , Texas, London's, England

☆ Billionaire Asness says he is 'more a bond guy' at this moment
▼ + stars: | 2023-11-16 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Cliff Asness, Co-Founder, Managing Principal and Chief Investment Officer of AQR Capital Management, speaks at the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2016. REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsNEW YORK, Nov 16 (Reuters) - Billionaire quant investor Cliff Asness said on Thursday that he currently favors bonds over equities, given the returns that U.S. Treasuries are offering. "I'm more of a bond than a stock guy at this point," the founder principal of AQR Capital Management said when asked about his asset preferences at a virtual event hosted by Brazilian bank Banco Bradesco. "Bonds are starting to look pretty, pretty reasonable. Asness added he believes U.S. stocks are unlikely to repeat the same valuation growth they posted in the last 30 years.

Persons: Cliff Asness, Lucy Nicholson, Bonds, Asness, Carolina Mandl, Jonathan Oatis, Nick Zieminski Organizations: AQR Capital Management, Milken Institute Global Conference, REUTERS, Banco Bradesco, Treasury, Reserve, Carolina, Thomson Locations: Beverly Hills , California, U.S, Banco Bradesco . U.S, New York

☆ Hunger Games prequel heads for $50 million opening weekend
▼ + stars: | 2023-11-16 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Tom Blyth and Rachel Zegler star as Coriolanus Snow and Lucy Gray Baird in Lionsgate's "Hunger Games: The Ballad of Songbirds and Snakes." It's the mantra of the main character Coriolanus Snow in the upcoming "Hunger Games: The Ballad of Songbirds and Snakes" and the hope of its distributor Lionsgate . "There has always been a certain magic surrounding the Hunger Games franchise," said Paul Dergarabedian, senior media analyst at Comscore. It sheds light on what sparked his rise to become the tyrannical ruler seen in later Hunger Games stories. Each of the other four films in the Hunger Games franchise debuted with more than $100 million in ticket sales at the domestic box office.

Persons: Tom Blyth, Rachel Zegler, Coriolanus Snow, Lucy Gray Baird, Suzanne Collins, Katniss Everdeen, Shawn Robbins, Paul Dergarabedian Organizations: Lionsgate, Hunger Games, Hunger, BoxOffice.com, Disney, Marvel Studios, Panem Locations: Lionsgate's, United States

☆ New Zealand house prices dip in October, sales activity steadily improving -REINZ
▼ + stars: | 2023-11-15 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

Residential houses can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017. REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Nov 16 (Reuters) - New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted median house prices fell 0.9% in October compared with September, and were down 2.8% from a year earlier, REINZ data showed. Seasonally adjusted national home sales volumes fell 10.7% from September but were up 4.0% from October 2022. “Many vendors and buyers are showing confidence that it’s a better time to sell now and a good time to buy,” she said.

Persons: David Gray, Jen Baird, ”, Lucy Craymer, Chris Reese Organizations: REUTERS, Rights, Real Estate Institute, New Zealand, REINZ, Thomson Locations: Auckland, New Zealand

The big-box retailer's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have focused on food and essentials purchases while spending less on home goods, electronics, toys and apparel. Target sales declined by an average 7% in August and September alongside declines in transaction count and value, TD Cowen said in a note ahead of its earnings. On Wednesday, Target forecast adjusted earnings to land between $1.90 and $2.60 per share in the fourth quarter. It also expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop.

Persons: Brian Cornell, Cornell, TD Cowen, Kendra Scott, Lucy Nicholson, Brian Mulberry, Price, Dave Wagner, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis, Chizu Nomiyama, Nick Zieminski Organizations: Target, Shoppers, Schwarz, Azusa , California U.S, REUTERS, Zacks Investment Management, Walmart, Consumer, Retail's, . Commerce Department, Aptus Capital Advisors, Thomson Locations: Azusa , California, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru

Target, like other U.S. retailers, has been struggling with slowing sales as consumers show more caution in the face of steep inflation. This profit performance benefited from ... efficiency and disciplined inventory management," Target CEO Brian Cornell said in a statement. In August, the retailer cut its full-year sales and profit expectations to reflect the impact of slowing consumer demand. Target said on Wednesday it expects holiday-quarter comparable sales to decline in the mid-single-digit percentage range, compared with expectations of a 3.97% drop. Target shares have lost 25.7% of their value this year, in contrast to rival Walmart's (WMT.N) 18.2% rise.

Persons: Lucy Nicholson, Brian Cornell, Cornell, Walmart's, Siddharth Cavale, Ananya Mariam Rajesh, Matthew Lewis Organizations: Azusa , California U.S, REUTERS, Walmart, Thomson Locations: Azusa , California, Minneapolis, New York, San Francisco, Seattle, Portland , Oregon, Bengaluru

☆ Puking bird wins New Zealand bird competition after John Oliver campaign
▼ + stars: | 2023-11-15 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, Nov 15 (Reuters) - The puteketeke, a bird that pukes, grunts, growls and has bizarre mating rituals, won New Zealand’s bird of the century title in a competition where American-British comedian John Oliver's involvement has ruffled some local feathers. The Bird of the Year competition - billed Bird of the Century in 2023 to celebrate environmental organisation Forest & Bird’s centenary - is an annual event where people vote on their favourite New Zealand bird. In 2023, the American-British comedian Oliver exploited a loophole in the system that allows anyone to vote from anywhere for a bird. We’re stoked to see the outpouring of passion, creativity and debate that this campaign has ignited,” said Nicola Toki, chief executive of competition organiser Forest & Bird. Following news that Oliver’s pick had beaten out the competition, New Zealand’s prime minister-elect congratulated him on X, formerly known as Twitter.

Persons: John Oliver's, Oliver, puteketeke, Jimmy Fallon, stoked, ”, Nicola Toki, Toki, Lucy Craymer, Michael Perry Organizations: WELLINGTON, Bird’s, New, Forest, Twitter, Thomson Locations: British, Zealand, American, New Zealanders

☆ Beauty brands are combining AI and 3D-printing tech to make personalized skincare products that target your specific needs
▼ + stars: | 2023-11-15 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +9 min

Personalized skincare represents one of the fastest growing segments of the beauty and wellness industry. "Personalized products for skincare are more beneficial," said Melissa Snover, the founder and CEO of Nourished , a nutrition company. Rem3dy Health GroupNourished partnered with Neutrogena earlier this year to create personalized skincare supplements, called Skinstacks. NeutrogenaMore companies are leaning into custom skincareCompanies that sell more generalized skincare products are hopping on the personalization trend. Cetaphil, a brand popular for its sensitive skincare line, launched its skincare digital-assistant tool and AI skin analysis in March.

Persons: —, doesn't, Melissa Snover, Snover, Logan McGill, Johnson, McGill, Silvina Nordenstohl, Nordenstahl, Galderma, dermatologists, Scott Walker, TikTok, Aaron Lucy, Walker Organizations: Service, Grand View Research, Rem3dy, Johnson, Companies, Tech Locations: McGill, Denver, skincare

Everyone had resigned themselves to the fact that “The Hunger Games” ended in 2015. But Suzanne Collins’ Katniss Everdeen saga was over. And while the team was excited about the possibility of working together again, there were some nerves about whether or not there was an appetite for Hunger Games movies “without Katniss,” Lawrence told The Associated Press in a recent interview. And he felt like a star.”For Lucy Gray Baird, the District 12 tribute Snow is assigned to mentor for the 10th Hunger Games, Lawrence already had someone in mind. “Rather than seeing it as a pressure cooker just waiting to explode, I see it as a really big blessing.”Blyth, in his first starring role in Hollywood, felt some pressure.

Persons: ”, Jennifer Lawrence skyrocket, Suzanne Collins, Katniss, Collins, Francis Lawrence, Nina Jacobson, “ Mockingjay, Lawrence, Jacobson, Coriolanus Snow, ” Lawrence, they'd, ” Jacobson, “, Viola Davis, Peter Dinklage, Jason Schwartzman, Snow, Donald Sutherland, Tom Blyth, He’s Juilliard, Lucy Gray Baird, Rachel Zegler ’, Maria, Steven Spielberg’s “, ” Zegler, ” Blyth, “ Suzanne, Trish Summerville, ColorForce, Barbie ’, ‘ Oppenheimer Organizations: Hunger, Associated Press, Lionsgate, 10th Hunger Locations: Hollywood, Germany

☆ Home Depot leans on small projects to top estimates as big-ticket spending wobbles
▼ + stars: | 2023-11-14 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Americans have put big renovations and discretionary home-improvement projects on the back burner as they battle sticky inflation, higher interest rates and lingering caution around the economy. "We see great (customer) engagement... with smaller projects," CEO Ted Decker said on an earnings call. Per-share profit of $3.81 topped estimates of $3.76. "With continued pressure in certain big-ticket discretionary categories and a trend to smaller projects, HD took the conservative approach – which we agree with," Evercore analyst Greg Melich said. It now expects annual per-share profit to fall 9% to 11%, compared with a 7% to 13% slump estimated previously.

Persons: Lucy Nicholson, Ted Decker, Sarah Henry, Henry, Greg Melich, Deborah Sophia, Sriraj Organizations: REUTERS, U.S, Logan Capital Management, Home Depot, Thomson Locations: Los Angeles , California, Bengaluru

☆ Australia's ANZ sinks as record annual profit falls short of market forecasts
▼ + stars: | 2023-11-12 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

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

☆ New Zealand Prime Minister-elect unlikely to attend APEC as coalition talks continue
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

Christopher Luxon, leader of New Zealand's National Party waves to supporters at his election party after winning the general election in Auckland, New Zealand, October 14, 2023. REUTERS/David Rowland//File Photo Acquire Licensing RightsWELLINGTON, Nov 13 (Reuters) - New Zealand’s Prime Minister-elect Christopher Luxon said on Monday that it was unlikely he would attend the APEC meeting in San Francisco later this week as coalition negotiations are ongoing. Luxon told 1News that he does not expect to attend APEC as "good progress" is being made by the two parties and he wants to ensure negotiations conclude and a government is formed. I think that's why it's unlikely I'll head out to APEC on Wednesday evening," he said. If Luxon does not attend APEC, New Zealand will send a representative from both the caretaker government and a National Party member.

Persons: Christopher Luxon, David Rowland, Luxon, 1News, Lucy Craymer, Diane Craft Organizations: New, National, REUTERS, Rights, Zealand’s, APEC, National Party, ACT New Zealand, New Zealand, Labour, Thomson Locations: Auckland , New Zealand, San Francisco, Zealand, New Zealand

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

☆ New celestial images will create a 3D map of the universe
▼ + stars: | 2023-11-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Also this week, a new telescope opened our eyes to a fresh perspective of the universe. ESAThe first five images captured by the Euclid telescope showcase glimmering clusters of galaxies and stars. The telescope, launched in July, was designed to create the most detailed 3D map of the hidden “dark side” of the universe. Sign up here to receive in your inbox the next edition of Wonder Theory, brought to you by CNN Space and Science writers Ashley Strickland and Katie Hunt.

Persons: James Webb, Chandra, Lucy, Campi, Alessandro Carboni , Alessandro Carboni, Tibor Litauszki, Galatée, Farouk El, Baz, Yardangs, Leif Ristroph, Ristroph, Koji Murata, Andy Murray’s, Ashley Strickland, Katie Hunt Organizations: CNN, Orion, ESA, Hemisphere, New York University’s Courant, Mathematical Sciences, ” Kyoto, CNN Space, Science Locations: Italy, Naples, Capri, Ischia, Bay, Hungarian, Europe, New York, Sardinia, China

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