Bloomberg The Reserve Bank of Australia (RBA) slashed euro holdings in its currency reserves to 20 percent from 45 percent in 2012 and recently added the South Korean won. The central bank said on Wednesday it had allocated 5 percent of net reserves to the won, in line with holdings of the Japanese yen, Canadian dollar, British pound and Chinese ...

MELBOURNE / Bloomberg Australia & New Zealand (ANZ) Banking Group Ltd. said its wealth management head Joyce Phillips is leaving as the lender folds parts of the business into its retail unit. The Australian wealth distribution business, and wealth management activities in Asia and New Zealand, will be merged with the retail units, the Melbourne-based lender said in a regulatory ...

Moscow / AFP Russia’s flagship carrier Aeroflot said it had reduced its loses in 2015, as the country’s airlines continue to grapple with the fallout of Russia’s economic crisis. The majority state-controlled company registered a net loss of 6.5 billion rubles ($88 million, 80 million euros) down from some 17 billion rubles in 2014 and ahead of analyst predictions. “The ...