Harry Brumpton

There is a “very small” chance that the US economy tips into a recession, despite the uncertainty surrounding global trade policy, according to Goldman Sachs Group Inc. Chief Executive Officer David Solomon.

Commonwealth Bank of Australia Chief Executive Officer Matt Comyn said he expects interest rates to be reduced less than what some people are anticipating.

Steve Schwarzman said Blackstone Inc. is happy to plow more money into its investments related to the growth of artificial intelligence as firms grapple to provide the necessary power to supply the swelling data centers.

Good morning, it's Harry here in Sydney with your midweek must-knows to start your day.Today’s must-reads:• US tariffs discussed in Washington• Corporate watchdog worried on private markets• Jet pilot the first to report Chinese live-fire drills

Perpetual Ltd. said it will pursue the sale of its wealth management business after rejecting the latest offer from KKR & Co., as the Australian financial services firm attempts to lure new offers.

Good morning, it's Harry here in rain-soaked Sydney to fill you in on the news for the day led by minors and miners. And for central bank watchers, Reserve Bank of Australia Deputy Governor Andrew Hauser will be on Bloomberg TV at 1:15 p.m. Watch it here.Today’s must-reads:• Warning on use of young people in terrorism• Rio Tinto posts profit slide• Chinese warships off coast of Sydney

One of Australia’s largest banks said bad loans among its customers fell further, even before an expected cut to borrowing costs by the central bank on Tuesday.

One of Australia’s largest banks said bad loans among its customers fell further, even before an expected cut to borrowing costs by the central bank on Tuesday.

Insignia Financial Ltd. has called for binding takeover offers within the next two weeks from the private equity firms that have sought to take over the Australian pension manager.

Macquarie Group Ltd.’s profit was flat for the first three quarters of the fiscal year as business in its commodities trading arm continued to slip even as its asset management unit jumped “substantially.”

A trio of major lenders may join a banking service run by Australia’s post offices as part of a government push to mitigate branch closures across the country.

Brookfield Capital Partners (UK) Ltd. entered the bidding frenzy for Insignia Financial Ltd., joining Bain Capital and CC Capital Partners with an offer for the Australian wealth management firm.

Australia’s corporate regulator is investigating allegations that ANZ Group Holdings Ltd. miscalculated interest on thousands of customer savings accounts, the Australian reported.

Good morning, it's Harry here in Sydney with the news to start your week.Today’s must-reads:• Pacific countries risk getting left behind on sustainable flying• Anxious retirees aren't spending their pensions• Western Australia mining ports face possible category 3 cyclone

Insignia Financial Ltd. gave CC Capital Partners access to some of its accounts for a limited time as it attempts to lure the US firm into a higher offer for the Australian wealth manager.

Australia’s largest lender Commonwealth Bank of Australia joined Mastercard Inc. and the country’s government in pushing to scrap fees for debit and credit card payments.

A 33-year-old piece of legislation in Australia is helping to spark fresh interest from private equity firms including KKR & Co. and Bain Capital as they seek to tap into one of the world’s fastest-growing money management industries.

Australian wealth manager Insignia Financial Ltd. has received a A$2.9 billion ($1.8 billion) takeover offer from CC Capital Partners, the fast-emerging family office set up by former Blackstone Inc. dealmaker Chinh Chu.

KKR & Co.’s A$2.2 billion ($1.4 billion) acquisition of Australian fund manager Perpetual Ltd.’s wealth management business is in danger of collapsing after the deal was hit by an unexpected tax bill.

Nuno Matos will become chief executive officer at ANZ Group Holdings Ltd., succeeding Shayne Elliott who is retiring after nine years in the role that culminated in a tumultuous ending.