Big Australian retailer Harvey Norman Holdings Ltd., which also has a presence in Malaysia, Singapore and other countries, says it is considering cutting its marketing budget by 20%.

澳大利亚大型零售企业Harvey Norman Holdings Ltd .称，正考虑将营销预算减少20%。该公司还在马来西亚、新加坡和其它国家开展业务。

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Shares of Harvey Norman dropped 4.2% although the retailer issued a first-half profit that beat expectations, as offshore and domestic sales fell.

WSJ: Asian Shares Rise

Partners already working with MasterCard on MasterPass include Westpac, Commonwealth Bank, NAB, ME Bank, JB Hi-Fi, AHL, Harvey Norman, Roses Only, Merchant Warrior and Paycorp.

ENGADGET: MasterCard announces MasterPass digital banking service, gives Australia and Canada first dibs

Merchants: AHL, American Airlines, Argos, Boots, Grocery Gateway, Harvey Norman, Hikingboots.com, JB Hi-Fi, LogiTRAVEL, Mediamarket Spa Italy, MLB Advanced Media, Park Avenue Coffee, Roses Only Group, Runningshoes.com, Vodafone Italy and Wintercheck Factory.

ENGADGET: MasterCard announces MasterPass digital banking service, gives Australia and Canada first dibs