Australia nears deal with ANZ Bank to keep branches open in Pacific, countering China's influence.

Australia is nearing a deal with ANZ Bank to keep its branches open in nine Pacific nations, according to Treasurer Jim Chalmers. The agreement aims to counter China's growing influence in the region and maintain banking services, as Western banks are pulling out, leaving a gap that China might fill. ANZ operates in 19 branches across these nations, and the deal is crucial to prevent economic isolation and ensure continued financial services.

November 11, 2024
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