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Origin Energy leaves door open to splitting

  Bloomberg Origin Energy Ltd. left the door open to splitting up once its $9 billion debt pile has been further trimmed as it reels from the collapse in energy prices. Australia’s largest electricity company made the “difficult decision” on Thursday to cancel its dividend for the first time since it was formed in 2000, preferring to concentrate on strengthening ...

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JPMorgan, Citigroup among 16 banks sued

  Bloomberg JPMorgan Chase & Co., Citigroup Inc. and Morgan Stanley are among 16 banks being sued by funds in the US for allegedly manipulating a key Australian interest rate benchmark to generate hundreds of millions of dollars in illicit profits. The class action, filed in the US District Court for the Southern District of New York, claims the banks ...

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Standard Bank rises as African units boost first-half profit

  Bloomberg Standard Bank Group Ltd. rose the most in five months after first-half profit from continuing operations at Africa’s largest lender by assets climbed, boosted by higher interest rates in its home market that lifted income, and as fees from the rest of the continent increased. The stock led advances on the six-member FTSE/JSE Africa Banks Index, rising 5.5 ...

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