Latest News for: Australia banking


Brain gain: New boutiques, deals surge lure expat bankers to Australia

Metro USA 16 May 2021
Goldman Sachs has had eight Australian staff return from offshore to work in Australia, and Swiss bank UBS has had four returnees in the recent months, according to the banks’ spokeswomen ... Jarden Australia head of investment banking Aidan Allen said the “brain ...

Asia-Pacific Shares March Higher with Investors Buying Back Growth Stocks

FX Empire 16 May 2021
Australia shares snapped a three-day losing streak amid a rise in bank and energy stocks ... Australia’s heavyweight financial subindex ended nearly 1% higher, with top lender Commonwealth Bank of Australia hitting a record high. Lender Westpac, Australia and New Zealand Banking Group and National Australia Bank ended up between 0.9% and 1%.

Specialist lender launches in Australia

The Business Desk 16 May 2021
A Birmingham-based specialist peer-to-peer lending company for the property sector has launched in Australia. CrowdProperty has expanded into the country to offer a non-bank lending alternative to the SME property development market. The company has appointed David Ingram as CrowdProperty Australia’s CEO.

World-class wine, mouthwatering food, native wildlife in the wild and super-friendly locals: Why South Australia ...

The Daily Mail 16 May 2021
Sun-soaked South Australia is home to five-star vineyards, gourmet local produce, striking scenery, and breathtaking wildlife you usually only get to see up-close on TV ... South Australia boasts mouthwatering food and drink, stunning landscapes and lots of native wildlife that you will see in the wild.

Should Brazil Enter China’s “New Silk Road”? Maybe already – China, Middle-earth

The Sentinel Newspaper 16 May 2021
The cancellation of the agreements signed by Australia with the initiative and the doubts about the ability of small economies to honor debts contracted with Chinese banks, however, triggered the yellow alert ... Even so, it is important that countries are responsible when making long-term commitments to Chinese banks, ”advises Abrão.

60 Years Later, is it Time to Update the Drake Equation?

Universe Today 16 May 2021
The Green Bank Telescope monitoring the galaxy for Fast Radio Bursts (FRBs) ... The project relies on radio wave observations made by the Green Bank Observatory and the Parkes Observatory in Southeastern Australia, as well as visible-light observations from the Automated Planet Finder at the Lick Observatory in San Jose, California.

First home buyers are warned about using the 'bank of mum and dad' to get ...

The Daily Mail 15 May 2021
Buyers beware, especially the growing number of young Australians turning to the 'bank of mum and dad' for help stumping up home loan deposits ... The Bank of Mum and Dad is the nation's ninth-largest mortgage lender and a port of call for almost 4000 'kidults' every month, according to comparison site Finder.

Banks’ climate push is more than just hot air

Sydney Morning Herald 15 May 2021
Australia’s banks were slow off the mark in responding to climate risk, but recent trends on fossil fuel lending are heading in the right direction ....

Experts warn against using the ‘bank of mum and dad’ to buy home in Australia

TheNewsHOOK 15 May 2021
Experts warn against using the ‘bank of mum and dad’ to buy home in Australia ....

Australian coal miners flag finance, insurance difficulties

Straits Times 14 May 2021
"Given the important role exports play in Australia, it is concerning Australian banks and other financial institutions are taking steps to restrict and withdraw funding instruments for some of Australia's biggest exporters," Whitehaven said ... "Their view is that the Australian banks would know Australian mining assets better than they would.

ASX 200 closes higher but Australia shares suffer worst weekly loss in 11

The Times of India 14 May 2021
Australia's heavyweight financial subindex ended nearly 1 per cent higher, with top lender Commonwealth Bank of Australia hitting a record high ... Lender Westpac, Australia and New Zealand Banking Group and National Australia Bank ended up between 0.9 per cent and 1 per cent.

Australia considers paying pensions on parental leave programme

Straits Times 14 May 2021
SYDNEY (BLOOMBERG) - Australia could chip ... Workplace sexual harassment is also an issue for the private sector, said Hume who worked in the financial services industry before entering Parliament at firms including National Australia Bank, Rothschild Australia and AustralianSuper.

Take Five: Retail, PMIs and a timely tantrum anniversary

Metro USA 14 May 2021
central banks line up to taper emergency stimulus ... Whether Australia’s jobs boom can survive without government support could become clear from labour data due on Thursday ... The Reserve Bank of Australia wants to see long-elusive wage growth, and doesn’t expect it before 2024 ... Australia’s jobs rebound faces its first test.

JSE could benefit from Asian market recovery on Friday as inflation concerns moderate

Business Day 14 May 2021
The JSE could be in store for a recovery on Friday morning, with US markets higher overnight as stocks recovered from a sharp sell-off in previous sessions ... The torpor that set in after the US inflation scare that jolted US markets on Wednesday had dissipated, National Australia Bank analyst David de Garis said in a note.