Competition
ANZ profit drops as competition bites in home-lending market
ANZ Group Holdings’s profit missed estimates as chief executive officer Shayne Elliott said competition in the mortgage market remained intense. Cash profit slipped to A$6.7 billion (S$5.9 billion) in...
Major airlines criticise Biden’s air competition review, seek more time
GROUPS representing major airlines on Friday (Nov 1) criticised the Biden administration’s broad public inquiry into the state of competition in air travel, saying the review needs more time...
Circle raises fees despite rising stablecoin market competition
FOR the second time in less than a year, Circle Internet Financial has increased the fees it charges to cash out holdings of its USDC stablecoin.Redemption of USDC via...
Online shopping returns to growth in Europe amid fierce competition
RECOVERING consumer confidence has boosted online shopping in Europe this year, industry group Ecommerce Europe said on Wednesday (Oct 9), while low-cost marketplaces such as PDD Holdings’ Temu have...
Booking.com’s price curbs on hotels may hinder competition: EU top court
ONLINE travel provider Booking.com’s restrictions against hotels offering lower rates on their websites or on rival sites are unnecessary and could reduce competition, the European Union’s top court said...
DFI shrinking Giant’s footprint to focus on Cold Storage amid growing competition
Analysts say DFI’s focus on multi-format retailing continues to keep the counter attractiveSUPERMARKET chain Giant has recently shuttered several outlets here. But market watchers believe there is little cause...
Deal between Vodafone and Three could harm mobile market, UK’s competition watchdog says
THE UK challenged Vodafone and Three’s claims that their £15 billion (S$25.6 billion) combination would leave the country’s mobile networks better off, saying the deal raises serious competition concerns,...
Huawei teases tri-fold smartphone, raising competition with Apple in China
CHINA’S Huawei Technologies unveils a three-way foldable phone on Tuesday (Sep 10), as it seeks to widen its lead over Apple in the world’s biggest smartphone market with a...
Singtel-owned Optus, TPG Telecom get Australia competition regulator’s nod for network-sharing deal
THE Australian Competition and Consumer Commission (ACCC) on Thursday (Sep 5) said it would not oppose the proposed regional network and spectrum-sharing agreements between Singtel-owned Optus and Australian telco...
