Posted in home

Australia’s Westpac to exit China, other Asia markets as focus swings to home

By Paulina Duran



a sign on the side of a building: An office building with Westpac logo is seen in Sydney


© Reuters/Loren Elliott
An office building with Westpac logo is seen in Sydney


SYDNEY (Reuters) – Australia’s Westpac Banking Corp is exiting banking operations in China and some other Asian markets to focus on its core domestic and New Zealand businesses, as it grapples with capital constraints amid the COVID-19 pandemic.

The country’s second-largest lender, whose capital has been eroded by a record lawsuit settlement and a surge in bad-debt provisions due to the pandemic, said on Wednesday it will exit operations in Beijing, Shanghai, Hong Kong, Mumbai and Jakarta, where it does business with institutional clients.

It will instead consolidate its international operations into branches in Singapore, London and New York.

Under pressure from regulators to increase their capital bases, and from investors to show higher returns from their investments, Australian banks have been selling non-core assets, including their offshore operations.

Following a failed big push

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Posted in improvements

Passing game improvements a bye-week focus for WVU football | Sports

As of this week, the good vibes stemming from the West Virginia University football team’s 27-21 double-overtime win over Baylor have faded and it’s back to the task at hand coming off a bye week for the Mountaineers.

That task is a tall one and unique one and it will begin on Saturday at Milan Puskar Stadium as WVU (2-1 overall, 1-1 Big 12 Conference) welcomes in Kansas (0-3, 0-2) for a noon kickoff. The game will air on Fox.

“It’s really unique. We’re the only ones,” WVU coach Neal Brown said of a stretch of five games in five weeks that now lies squarely in front of his team, a span that no other team in the Big 12 will face this season.

While there were obviously positive takeaways from the Mountaineers’ conquest of Baylor, there were plenty of evident deficiencies as well, particularly on offense and, more specifically,

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Posted in home improvement cast

Proven talent or potential? Which should the Suns focus on in the draft?



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Welcome to the weekly news roundup of your Phoenix Suns.

Every year as the Draft draws closer one word comes up in prospect discussions over and over again… potential. The super-freaky athletic types always get the most “potential” buzz in those conversations and are sometimes coveted more than their more skilled but less athletically gifted counterparts. And the younger, the better. Any prospect already old enough to drink legally is automatically considered to have less potential, less upside.

If you’re looking for future All-Stars, swinging for the fences isn’t a bad strategy in the draft but it’s often risky… especially in drafts like this one. This draft class has a lot of depth but no obvious, sure-fire All-Star prospects. This is a draft where a player’s basketball IQ (BBIQ) might turn out to be more meaningful than all of the previous stats and physical attributes/measurements

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Posted in contractions

MPC to focus on growth, expectation on rate cut back on table

KOLKATA: Expectation of the Reserve Bank of India returning to the interest rate easing cycle sooner gained traction with it saying that the Monetary Policy Committee (MPC) would focus on economic revival when the transient spikes in inflation dissipate. The regulator projected that inflation would ease closer to the target by March next year.

Governor Shaktikanta Das said that the rise in prices is due to supply side shocks as the effect of lockdowns and restrictions in movements across the country.

“As supply chains are restored, these wedges should dissipate,” Das said in his policy statement. “The MPC has hence decided to look through the current inflation hump as transient and address the more urgent need to revive growth and mitigate the impact of COVID-19.”

This has provided the space for continuing with the accommodative stance with forward guidance as set out in the MPC’s resolution.

“We continue to expect

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Posted in home

IKEA gets sales boost from shoppers’ new stay-at-home focus

STOCKHOLM (Reuters) – IKEA sees sales returning to growth this year after the coronavirus crisis boosted shoppers’ interest in spending more on their homes, a trend the world’s biggest furniture retailer believes is here to stay.

IKEA is shifting focus from its traditional large out-of-town stores towards e-commerce and smaller inner-city formats as it adapts to the growth of online retailing and new shopping habits.

Jon Abrahamsson Ring, an IKEA veteran who became CEO of brand owner and franchisor Inter IKEA in March, said that, including test formats stores, some 50 new stores would open in the current year, against around 30 in 2019/20. Most of IKEA’s new stores are in inner-cities.

Retail sales – sales of products and services at the 445 IKEA stores and online – shrank 4% in the year through August, to 39.6 billion euros ($46.7 billion).

Abrahamsson Ring told Reuters retail sales at comparable stores

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Posted in home remodeling

Global Smart Home Appliances Market Analysis & Forecasts 2016-2019 & 2020-2027: Focus on Washing Machines, Refrigerators, TVs, Air Purifiers – Press Release

Dublin, Sept. 22, 2020 (GLOBE NEWSWIRE) — The “Smart Home Appliances Market Size, Share & Trends Analysis Report by Product (Washing Machines, Refrigerators, TVs, Air Purifiers), by Distribution Channel (Online, Offline), by Region, and Segment Forecasts, 2020 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global smart home appliances market size is anticipated to reach USD 92.72 billion by 2027, expanding at a CAGR of 14.1% from 2020 to 2027. The market is likely to witness significant growth in the years to come on account of the growing geriatric population, improved M-2-M communication systems, new product development, and improvements in the Internet of Things (IoT).

Technology is responsible for providing effective energy saving solutions, which are backed by various initiatives and favorable reforms undertaken by the government bodies in developed regions, including Europe and North America. High-end devices, coupled with technologically advanced features, such as IP and Bluetooth,

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Posted in improvements

Cardinals focus on improvements despite big plays; Gaillard gets first start

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The Cardinals’ two biggest plays of the game — and of the season thus far — had some similarities. Both times quarterback Kyler Murray found a young receiver deep downfield. Both times he connected for roughly a 50-yard gain. And both plays, while explosive, came on drives that ended in field goals.

The Cardinals won 30-15 at home over the Washington Football Team on Sunday. They held Washington scoreless until nearly the end of the third quarter. They have won two in a row, and they have put up 54 points in two weeks. But after the game, coach Kliff Kingsbury and Cardinals players were quick to cite the things that did not go well. 

“There were a lot of drives where we stalled out,” Murray said.

Sometimes, the Cardinals were still able to score, but unable to capitalize with a touchdown on the bigger plays. Murray found wide

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Posted in home improvement cast

After record turnout in NH primary, focus shifts to general election

CONCORD, N.H. (WCAX) – It was a record turnout in New Hampshire for last week’s primary election. The perennial battleground state could have a big impact on the upcoming presidential election and the man in charge of making sure everything goes off without a hitch says he’s as confident as ever heading into November.

“By far the record,” said Secretary of State Bill Gardner, D-New Hampshire.

More than 304,000 voters cast ballots in New Hampshire’s September 8th primary. Almost 30% of them– thanks to COVID-19– were absentee ballots. “The highest number of ballots we’ve ever cast in a September primary was a little over 9,000. We had over 90,000,” Gardner said.

Gardner has been New Hampshire’s Secretary of State for more than four decades. He attributes the high turnout, in part, to the pandemic inspiring Americans to do their civic duty. “I think there are certain times in our history

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Posted in improvements

Travelers Survey Shows Renewed Focus on Home Improvements During Pandemic

The MarketWatch News Department was not involved in the creation of this content.

The Travelers Companies, Inc. (NYSE: TRV) today announced findings from its consumer pulse survey that measures perceptions about homeownership during the COVID-19 pandemic. The results indicate that consumers have been doing more projects around their homes since March, when the World Health Organization officially declared the pandemic.

As many families have transitioned to working from home and remote learning, the study shows that 41% of respondents appreciate their homes now more than ever. The survey indicates that nearly 1 in 5 consumers are in the market for a new home, while a large majority of respondents (75%) are making improvements to their current home, including:

  • Painting rooms (44%)

  • Starting a garden (41%)

  • Updating flooring (31%)

  • Painting the exterior (27%)

  • Building an outdoor play area (19%)

  • Undertaking a major renovation/remodel (10%)

The findings also reveal that consumers are

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Posted in lowe's home improvement

Lowe’s sales soar as customers focus on improving their lives at home

  • Lowe’s just posted a 34.2% jump in year over year comparable sales in its second quarter.
  • Executives said on Wednesday’s earnings call that the company’s strong performance has been driven by a surge of consumers that are increasingly “focused on the home.”
  • Lowe’s also saw a 135% increase in year-over-year sales on its website, which has recently been revamped.
  • “We are looking forward to building on this momentum on the back half of 2020 and for years to come,” CEO Marvin Ellison said on the call.
  • Visit Business Insider’s homepage for more stories.

Consumers are continuing to flock to Lowe’s for paint, interior decor, and lighting fixtures during the coronavirus pandemic, leading to bombshell quarterly earnings results for the home improvement retailer.

The North Carolina-based company reported total sales of $27.3 billion and net profits of $2.8 billion in the second quarter. Comparable sales were up 34.2% system-wide from last

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