Latest News for: Australia banking


Thousands of businesses under pressure due to cost-of-living crisis

The Daily Telegraph Australia 01 Oct 2023
Burger Head Co-Founder Timothy Rosenstrauss says whenever the Reserve Bank of Australia put through a rate rise, there was ...

Australian farmers are coming off three bumper years. Are they prepared for the sudden dry?

The Observer 01 Oct 2023
Rural Bank’s head of agribusiness development, Andrew Smith, says the coming fortnight will be critical for Australia’s harvest of wheat, canola and barley as crops start to fill at a time when there is very little rain on the horizon ... More worrying is an analysis by Rural Bank ...

Market Insight: Week Ending 6 October

FX Empire 01 Oct 2023
The first full week of October and the beginning of Q4 entertain two key central bank meetings, along with several risk events that grace the economic calendar ... The Reserve Bank of Australia (RBA) and the Reserve Bank of New Zealand (RBNZ) will be in the headlights, announcing their latest policy decisions.

Man dies after suspected whale collision capsizes boat in Sydney

The Guardian 30 Sep 2023
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup ....

5 world market themes for the week ahead

The Times of India 30 Sep 2023
If that wasn't enough to kick off ...

Oil settles lower but ends quarter up 28% on tight global supply

Reuters 30 Sep 2023
energy producing states has been rising with the latest jump in prices, according to a survey by the Federal Reserve Bank of Dallas ... 4 and there is "increasing probability the voluntary supply cuts by Aramco are reduced," National Australia Bank analysts said in a client note, referring to Saudi Arabia's state oil producer.

China manufacturing activity in first expansion since March

Gulf News 30 Sep 2023
Beijing ... Read more ... Report China says it will resume visa-free policies to spur inbound travel ... “The PMI reading reinforces our view that the economy starts to have stabilized,” Raymond Yeung, chief economist for Greater China at Australia & New Zealand Banking Group, said in an email ... Even so, the economy’s outlook remains uncertain ... .

Australia's antitrust regulator pushes back against concerns after 3 big deals blocked

Reuters 29 Sep 2023
SYDNEY, Sept 29 (Reuters) - The blocking of three major deals by Australia's antitrust regulator in the past year was a coincidence, its chair told Reuters, pushing back against concerns among bankers that it has become deal-averse ... Inflation in Australia is running above 5%, nearly double the central bank's target range.

RBA to hold rates at 4.10% in Oct, deliver one final hike by end-2023: Reuters poll

Reuters 29 Sep 2023
BENGALURU, Sept 29 (Reuters) - Australia's central bank will hold its key interest rate steady at 4.10% on Tuesday but hike it to a peak of 4.35% next quarter as inflation remains above target, a Reuters poll of economists found.

Fireblocks' $10 Million Acquisition to Enhance Tokenization Services

Finance Magnates 29 Sep 2023
BlockFold's esteemed clientele includes major institutions such as the Bank of International Settlements, Swiss National Bank, Banque de France, Singapore's Ministry of Finance, Tel Aviv Stock Exchange, National Australia Bank, and ANZ Bank, many of which are existing Fireblocks customers.

US still Taiwan’s largest debtor; claims rise 1.88%

Taipei Times 29 Sep 2023
Global capital constantly moves around in pursuit of better returns,” the central bank said ... Other countries such as Luxembourg, Hong Kong, Australia, Japan, the UK, Vietnam, Singapore and the Cayman Islands also made Taiwan’s top-10 debtor’s list with collective exposure valued at US$405.8 billion, the central bank said.

Reserve Bank of Australia Set to Extend Rate Pause But Retain Hawkish Hue

Market Watch 29 Sep 2023
SYDNEY--The Reserve Bank of Australia is widely expected to leave its official cash rate on hold for a fourth month at its policy meeting on Tuesday, the first to be presided over by its recently-appointed Governor, Michele Bullock ... economist at the Commonwealth Bank of Australia.

Hang Seng, ASX 200, Nikkei 225 Index: Asian Markets Tremble Amid Inflation Fears

FX Empire 29 Sep 2023
A marked softening in inflationary pressures would ease pressure on central banks to maintain hawkish interest rate paths ... However, the National Australia Bank (NAB) and the Commonwealth Bank of Australia (CBA) fell by 0.55% and 0.58%, with Westpac Banking Corp (WBC) seeing a 0.28% loss ... Bank stocks also declined ... Bank stocks saw modest gains.

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