Latest News for: Australia banking


Voters head to polls open in close-run Australian election

Al Jazeera 21 May 2022
Voting is compulsory in Australia and just over 17.2 million people have enrolled to vote according to the Australian Electoral Commission (AEC) ... The campaign has focused heavily on the rising cost of living, with Australia experiencing its highest inflation rate in 21 years, and the central bank raising interest rates.

Help for first home buyers, free TAFE, HUGE spending, a radical climate agenda, and new ...

The Daily Mail 21 May 2022
Australia is in for a radical, big-spending change in direction as Anthony Albanese is swept to power with a mandate to bring in dozens of very different policies ... Cost-of-living pressures are set to intensify in the coming year as the Reserve Bank of Australia prepares to raise interest rates, possibly seven more times.

Packing on the PDA! The Kid Laroi shares a smooch with girlfriend Katarina Deme as ...

The Daily Mail 21 May 2022
The Sydney-born rap sensation, who is in Australia for his world tour, smooched his girlfriend as they walked around Pitt Street Mall, accompanied by his bodyguards and entourage ... The tour will be his first in Australia since he opened for his late mentor Juice WRLD in 2019.

Australian voters deliver strong message on climate, ending conservative government's 9-year rule

Henry Herald 21 May 2022
Parties need a majority of 76 seats to form a majority government ... "Millions of Australians have put climate first ... And I will lead a government worthy of the people of Australia.". He added ... To speed up the transition to renewable energy, Labor plans to modernize Australia's energy grid and roll out solar banks and community batteries ... The-CNN-Wire ... .

Australia’s Largest Bank Halts App-based Cryptocurrency Trading Amidst Market Downturn

Crypto Economy 20 May 2022
In the wake of these turbulent times, Australia’s largest bank announced that it will pause the rollout of app-based trading of assets like Bitcoin and Ethereum pending further regulation ... that is most appropriate.” Australia’s First Bank To Offer Crypto Trading.
photo: AP / Majdi Mohammed
Australian Foreign Minister Julie Bishop, left, meets with Palestinian Prime Minister Rami Hamdallah, in the West Bank City of Ramallah, Monday, Sept. 5, 2016.

Australian Banking Giant Halts Crypto Trading Pilot Amid Regulatory Uncertainty

CryptoPotato 20 May 2022
Commonwealth Bank (CommBank), the largest bank in Australia, has reportedly suspended its planned in-app cryptocurrency trading pilot without setting a new timeframe for when it would resume the service ... According to the Guardian Australia, on Thursday (May 19, 2022), Matt Comyn, ...

Australia set to go to polls in expected close election

York News-Times 20 May 2022
But his nickname ScoMo was changed by critics to SloMo a year ago when Australia’s vaccine rollout fell months behind schedule ... The quarter-percentage-point rise in the cash rate from a record-low 0.1% was the first time the Reserve Bank of Australia had hiked interest rates during an election campaign since 2007.

High-profile sex worker slams ING bank’s ‘appalling’ decision to close her accounts with ‘no warning’ ...

The Daily Mail 20 May 2022
One of Australia's highest profile escorts has slammed the 'appalling' decision from ING to close her bank accounts without notice. Renowned Sydney-based sex worker Samantha X had two everyday accounts with the global bank - and on Thursday was stunned to see her balance was suddenly zero after logging on.

Bill BOMB! Urgent warning that Australians could see power bills DOUBLE in days as cost ...

The Daily Mail 20 May 2022
Power prices are surging because of soaring wholesale prices, which have risen by an average of 141 per cent across Australia in the past year ... A surge in property prices last year, when Reserve Bank of Australia interest rates were at a record-low of 0.1 per cent, locked many young people out of property ... Big Four banks update RBA rate forecasts.

Australia election 2022: Cost of living worries voters

BBC News 20 May 2022
Across Australia household budgets are being tightly squeezed, with the cost of living soaring to an eye-watering 21 year high ... Earlier this month, Australia's Reserve Bank (RBA) increased interest rates (by 0.25% to 0.35%) for the first time in more than 11 years - the first hike in the middle of an election campaign since 2007.

Commonwealth bank halts crypto pilot program

Cryptopolitan 20 May 2022
The Commonwealth Bank has the suspension of the crypto-based testing currently going on inside its app ... Commonwealth bank is waiting for regulatory approval ... Commonwealth Bank was the first financial institution to unveil crypto services in Australia, with the launch in November 2021.

South African central bank mulls digital rand to streamline cross-border payments

Cryptoslate 20 May 2022
The South African Reserve Bank is mulling the issuance of a digital rand, Reuters reported on May 18, citing the central bank’s Deputy Governor Kuben Naidoo ... SARB also teamed up with the central banks of Malaysia, Singapore, and Australia to run a cross-border pilot.

Dollar falls for first week in seven amid U.S. yield retreat

Metro USA 20 May 2022
Australia’s currency slipped on Friday though, down 0.23% to $0.7031, as the U.S ...China’s strict lockdowns are the main reason why AUD has diverged so much from the level implied by its fundamentals,” Carol Kong, an analyst at Commonwealth Bank of Australia, wrote in a note.

Dollar set for first losing week in seven amid U.S. yield retreat

Reuters 20 May 2022
Australia's currency slipped on Friday ... "Aussie benefited disproportionately yesterday from the China news, so I think there's just a bit of an unwind of that, maybe some positioning going on," said Joseph Capurso, a strategist at Commonwealth Bank of Australia.

IMF warns Asian economies on risks of tightening

Business Day 20 May 2022
The Bank of Japan’s easing policy — which the IMF has described as quite effective — runs counter to a global shift towards monetary tightening, with central banks in the US, Britain and Australia having already raised interest rates ... of Bank of Japan governor Haruhiko Kuroda.

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