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ASX up 0.4% and holding above 6500, banks surging on dividend hopes – The Sydney Morning Herald

The S&P/ASX 200 increased by 20 points at the open, rising above 6500 again. Financial stocks surged after the banking regulator flagged easing dividend restrictions….

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Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., smiles while touring the floor of the New York Stock Exchange in 2014.Credit:Bloomberg
At issue is a problem that has vexed US regulators for more than a decade: China’s refusal to let inspectors from the Public Company Accounting Oversight Board review audits of Alibaba, Baidu and other firms that trade on American markets. The issue has gained added urgency due to rising tensions between the two countries and following this year’s high-profile…

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