Latest News for: Australia banking

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Resistance to raising the minimum wage reflects obsolete economic thinking

Beijing News 13 Apr 2021
It also aligns with the historical view of Reserve Bank of Australia governor Philip Lowe, who in 2018 said annual wage increases of about 3.5% were necessary to meet the bank's 2.5% inflation target. It's not often the union movement and the central bank sing from the same hymn book ... Australia was once a world leader in minimum wage policy.
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Where you can find work now - employers desperate to hire staff as job ads ...

The Daily Mail 13 Apr 2021
Ousted Australia Post CEO Christine Holgate reveals she was... Sales PLUNGE for European luxury hatches in Australia but... National Australia Bank, Australia's biggest business lender, revealed business confidence in March was marginally below February's reading, which was the highest in 11 years.
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'I was humiliated by our Prime Minister': Ousted Australia Post CEO Christine Holgate slams Scott ...

The Daily Mail 13 Apr 2021
Ousted Australia Post boss Christine Holgate has slammed Scott Morrison for 'humiliating her' in public after she gifted Cartier watches to executives ... Ms Holgate said the watches were given as a reward to four executives who worked hard over a deal with Australia's big banks ... An Australia Post store in Sydney.
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23 SA bank branches close in a year

The Daily Telegraph Australia 13 Apr 2021
Bank branches have been closing across South Australia at their fastest rate in two decades as the pandemic pushed more customers toward digital banking ....
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XRP Market Cap Jumps above $72 Billion

Finance Magnates 13 Apr 2021
According to the latest data published by Coinmarketcap, the total value of XRP is now more than the market cap of French banking giant, BNP Paribas ... According to a report published by CPA Australia, the central bank of France is actively considering Ripple and XRPL technology for the launch of a central bank digital currency (CBDC).
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‘Playing a starring role’: Why the world’s markets are keeping a close eye on the RBA

Sydney Morning Herald 13 Apr 2021
Bond traders searching for a chink in the armour of central banks are starting to look to Australia ....
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Australian business conditions hit record high

Market Watch 13 Apr 2021
National Australia Bank's latest survey showed business conditions rose 8 points to 25 index points in March from February. The increase was broad-based across states and industries, it said ... "This is a very solid survey result ... Oster added. Write to James Glynn at james.glynn@wsj.com. .
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DOE okays transfer of 45% Chevron-Malampaya stake to Udenna

Manila Bulletin 13 Apr 2021
The Malampaya gas field uses an innovative and sustainable deepwater technology for recovering natural gas from the deepwater reservoir in northwest Palawan ... The Uy-controlled firm also apprised Congress previously that the funds it funneled into the acquisition came mainly from loans with ING Bank and the Australia New Zealand (ANZ) Banking Group. .
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AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Traders Eyeing US Consumer Inflation Data

FX Empire 13 Apr 2021
Government bond yields ... The Aussie found only fleeting support from the Chinese trade data, but the import news should be considered a positive given China is the Australia’s biggest export market ... National Australia Bank’s (NAB) index of business conditions jumped 8 points to +25 in March, with strength reported across most sectors and regions ... ....
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US not naming China as currency manipulator, only 'temporary support' for yuan

Hong Kong Standard 13 Apr 2021
... at Oversea-Chinese Banking Corp ... “The tag was announced the previous time due to political tensions even though China didn’t meet the criteria of a currency manipulator,” said Xing Zhaopeng, senior China strategist at Australia & New Zealand Banking Group.
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China Huarong’s Worsening Bond Rout Stokes Market Contagion

Caixin Online 13 Apr 2021
China Huarong Asset Management Co ... The stock has been suspended in Hong Kong since April 1 ... “Huarong is a $22 billion curve and as a distressed situation it dwarfs anything that we have seen in the Asia credit market before,” said Owen Gallimore, head of trading strategy at Australia & New Zealand Banking Group ... .
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Yellen Dropping China Manipulator Label Won’t Help Weak Yuan

Yahoo Daily News 13 Apr 2021
... China research at Oversea-Chinese Banking Corp ... “The tag was announced the previous time due to political tensions even though China didn’t meet the criteria of a currency manipulator,” said Xing Zhaopeng, senior China strategist at Australia & New Zealand Banking Group Ltd.
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Oil holds near $60 as uneven recovery holds back further rally

Hindustan Times 13 Apr 2021
Futures in New York edged higher after rising 0.6% Monday ...There are pockets of weakness in the market, which are creating a little bit of concern despite the continued recovery we have seen in major economies like the US,” said Daniel Hynes, a senior commodities strategist at Australia & New Zealand Banking Group Ltd ... ....
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Tractors and Earthmovers at the top of the shopping list for Australia... (NAB - National Australia Bank Ltd)

Public Technologies 12 Apr 2021
Ms Rynski said the bank did not expect current demand for equipment finance lending to ease any time soon ... 'As Australia's largest agribusiness bank, NAB is focused on continuing to support the sector to maximise growth and contribute to the economy.' ... NAB - National Australia Bank Ltd.
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