Latest News for: Australia banking

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Australian Dollar May Wobble on RBA Rate Decision, Omicron Variant and US CPI

MENA FN 04 Dec 2021
(MENAFN - DailyFX) Australian Dollar Fundamental Forecast. Bearish Omicron Covid-19 variant poses a risk if strict lockdowns ensue Focus shifts to the Reserve Bank of Australia, 2022 guidance ... .
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OIC Foreign Ministers’ meeting to take place in Pakistan with focus on Afghanistan

Irna 04 Dec 2021
He went on to say along with the OIC member states, P5 countries, Representative of the European Union for Foreign Affairs, relevant UN agencies, representative of world bank, some countries like Germany, Japan, Canada and Australia have also been invited to attend the extra session on Afghanistan ... “The OIC must step-in to help our Afghan brethren.
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Australia shares rise as Omicron shock eases; set for fourth weekly loss

Reuters 03 Dec 2021
Banks (.AXFJ) gained about 0.8%, rising for a fourth straight session, with all the "Big Four" banks trading in the positive. Top two lenders Commonwealth Bank of Australia (CBA.AX) and National Australia Bank (NAB.AX) gained more than 1% each.
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Australia shares close higher but mark fourth weekly fall

The Times of India 03 Dec 2021
Australia reported its first community transmission of the Omicron variant, but authorities held steady on a plan to reopen the economy amid hopes it would prove to be milder than previous strains ... Commonwealth Bank of Australia and National Australia Bank, the country's top two lenders, gained more than 1 per cent each.
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RBA to start tightening in early 2023: Reuters poll

Metro USA 03 Dec 2021
BENGALURU (Reuters) – The Reserve Bank of Australia (RBA) is expected to raise interest rates in early 2023, and possibly sooner, according to a Reuters poll of economists, who brought forward their rate hike expectations for the second straight month.
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Dollar edges higher before U.S. jobs report as Omicron fears ease

Reuters 03 Dec 2021
"Fed talk overnight was undeniably hawkish," Tapas Strickland, a director for economics at National Australia Bank, wrote in a client note ... Both the European Central Bank and Reserve Bank of Australia have stuck to dovish stances, pushing back against market bets that policymakers will be forced to bow to inflationary pressures.
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Bans on Human Rights Abusers are Set to Become Law

Sydney Criminal Lawyers 03 Dec 2021
Laws which ban human rights abusers and cyber criminals from entering, trading in, and holding bank accounts in Australia are set to pass federal parliament ...People who commit serious abuses or corruption with impunity should not be able to travel to Australia or hide their assets in Australian bank accounts.” ....
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Banks and links to illegal logging under fire in PNG

RNZ 03 Dec 2021
There are claims in Papua New Guinea that some of the country's banks are implicated in illegal logging and the human rights abuses that plague the sector. The NGOs Act Now and Jubilee Australia say if banks lend to loggers who are operating illegally, that would make them criminally complicit.
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Dollar gains as Fed hawks circle before jobs report; Aussie slumps

Metro USA 03 Dec 2021
“We continue to expect near‑term AUD moves will be driven by Omicron and the risk remains a dip below $0.7000,” Commonwealth Bank of Australia strategist Joseph Capurso wrote in a report. Both the European Central Bank and Reserve Bank of Australia, which decides ...
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Colleagues who cared (NAB - National Australia Bank Ltd)

Public Technologies 03 Dec 2021
). Note. this article contains depictions of domestic and family violence. NAB's Head of Privacy, Jana, has hearing loss caused by domestic and family violence. "I had poor hearing in one ear from when I was a child," said Jana, "but my good ear got smashed into stone and punched by my ex." ... NAB - National Australia Bank Ltd ... (noodl.
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Stocks in Asia rebound, Japan's Nikkei 225 leads way

Beijing News 03 Dec 2021
SYDNEY, NSW, Australia - Stocks in Asia were mostly ... "The Fed is not ignoring the threat from Omicron, but are choosing not to let it delay policy responses that suggest a more business as usual outlook," Commonwealth Bank of Australia strategist Tobin Gorey told Reuters Friday.
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ASX200: Weekly Wrap – 03/12/2021

FX Empire 03 Dec 2021
Economic Calendar. Tuesday, 7th December. House Price Index (QoQ) (Q3) ... The ASX200 ... It was a mixed week for the banks. Macquarie Group rose by 2.26% to lead the way, with Commonwealth Bank of Australia (+1.90%) and NAB (+1.12%) also finding support ... From Australia, stats are limited to house price figures that should have a muted impact on the markets.
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Dollar gains as traders wait to see if U.S. jobs data is strong

Metro USA 03 Dec 2021
Both the European Central Bank and Reserve Bank of Australia, which decides policy on Tuesday, have stuck to dovish stances, pushing back against market bets that policymakers will be forced to bow to inflationary pressures ... direct central bank intervention selling dollars.
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The Face of Investors Is Changing, More Millennials Participating: CBA Study

The Epoch Times 03 Dec 2021
The Commonwealth Bank of Australia (CBA) conducted a study of 1,000 people during April 2021 and revealed 43 percent of millennials in the group were investing with the intention to create wealth ...
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Dollar gains on rate hike bets ahead of jobs data

Metro USA 03 Dec 2021
LONDON (Reuters) – The dollar gained on Friday against most major currencies as traders positioned ahead of key U.S ... Both the European Central Bank and Reserve Bank of Australia, which decides policy on Tuesday, have stuck to dovish stances, pushing back against market bets that policymakers will be forced to bow to inflationary pressures ... .
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