Business
Found 759 articles
KPMG Australia leadership resigns following whistleblower failure
Andrew Yates and audit chief Julian McPherson have stepped down from KPMG Australia after an internal investigation revealed significant mishandling of whistleblower complaints. The firm acknowledged its previous reviews of allegations regarding the improper sharing of client data were inadequate, failing to meet both internal standards and public expectations.
JPMorgan Eyes Multi-Billion Dollar Acquisitions Amid Rising Costs
JPMorgan Chase CEO Jamie Dimon signaled a shift in the bank's financial outlook, raising the 2026 expense forecast to $106 billion while simultaneously positioning the firm to deploy up to $20 billion for strategic mergers and acquisitions in the coming years.
China property market braces for slow recovery through 2027
China's housing market is poised for a gradual transition toward stability, with home prices expected to decline by 3.5% this year before posting a modest 0.3% gain in 2027. While the sector remains under significant pressure, analysts anticipate that policy intervention will temper the pace of the ongoing contraction.
Goldman Sachs Sees M&A Activity Nearing 2021 Record Levels
With corporate dealmaking surging despite geopolitical volatility, Goldman Sachs president John Waldron signaled Thursday that industry-wide merger and acquisition volumes are poised to challenge the historic $5.8 trillion record set in 2021. Backlogs at the firm remain robust, driven primarily by strategic corporate consolidation rather than purely financial maneuvering.
ECB Warns of Double-Scar Effect on Euro Zone Consumers
The conflict in Iran is triggering a faster, more aggressive shift in consumer behavior than the war in Ukraine, according to new European Central Bank research. Economists warn that this heightened sensitivity to price shocks could deepen economic instability, creating a 'double scar' that threatens to dampen spending and exacerbate stagflation.
OpenAI Grants Japanese Banks Early Access to Next-Gen AI Models
Japanese Finance Minister Satsuki Katayama confirmed that local financial institutions have secured early access to OpenAI’s advanced GPT-5.5 model. The partnership aims to bolster national cybersecurity defenses against sophisticated AI-driven hacking attempts, following similar strategic agreements previously established between the technology firm and various European corporate entities.
Apollo President Expects Further Retail Exits from Private Credit
Wealthy investors are likely to continue pulling capital from private credit funds, according to Apollo Global Management President Jim Zelter. Speaking at the Bernstein Strategic Decisions Conference, Zelter signaled that the recent wave of redemptions from retail-focused lending vehicles is far from a temporary phenomenon.
Bank of Italy initiates talks with global AI developers
Governor Fabio Panetta has opened direct lines with international artificial intelligence developers, seeking to secure Italy’s financial infrastructure before the next generation of generative models hits the market. The move signals a shift toward proactive oversight as the central bank prepares for the widespread integration of third-party AI tools.
Targon Core Investment Becomes Sole Owner of Trinity Way DMCC
Dubai, UAE — Targon Core Investment has become the sole owner of Trinity Way DMCC following the completion of a corporate transaction in April 2026.