(Reuters) – Insurance Australia Group reported a 26.7% jump in its first-half cash earnings on Monday, boosted by volume growth across its key businesses that helped offset the ongoing impact…
(Reuters) – Commonwealth Bank of Australia and Westpac Banking Corp followed their two main rivals on Thursday in saying they would fully pass on to customers the 0.25 percentage point…
MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most…
(Reuters) – Commonwealth Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last…
By Stella Qiu SYDNEY (Reuters) – Australia’s house prices extended declines for the ninth straight month in January amid high mortgage rates, a drag on household wealth that will further…
SYDNEY, Dec 20 (Reuters) – Australia’s central bank considered leaving interest rates unchanged at its December policy meeting, citing the lagged effects of the aggressive tightening delivered so far and…
By Stella Qiu and Praveen Menon CAMPBELLTOWN, Australia (Reuters) – Belinda has applied for more than 100 rental homes in the past year and been rejected every time. The 39-year-old…
By Lewis Jackson SYDNEY (Reuters) – Australia’s A$200 billion ($134.28 billion) sovereign wealth fund is increasing exposure to gold, commodities, private equity and infrastructure as it warns the future will…
(Reuters) – Australia and New Zealand Banking Group said on Thursday its shareholders voted to establish a new holding company to separate its banking and non-banking businesses into two different…
(Reuters) – All of Australia’s “big four” banks said on Tuesday they will raise their home loan rates by a quarter-point, passing on the central bank’s eighth rate hike in…
SYDNEY (Reuters) – The head of Australia’s central bank on Monday apologised to people who regretted taking out mortgages last year based on his guidance that interest rates were unlikely…
SYDNEY (Reuters) -The progressive government of Australia’s Victoria state won re-election on Saturday, clearing the way for spending on infrastructure, education and healthcare. After eight years in power in the…
Australia’s central bank intends to limit its use of forward guidance on policy after its usage during the pandemic drew criticism when rates were raised much earlier than previously envisaged.…
By Sameer Manekar (Reuters) – Commonwealth Bank of Australia, the country’s largest bank, on Tuesday reported better-than-expected cash earnings for the first quarter, helped by lending growth and rising interest…
(Reuters) – Australia’s ‘Big Four’ banks will raise their home loan rates by 25 basis points this month, they said on Tuesday, passing on the full quarter-point interest rate hike…
By Wayne Cole SYDNEY (Reuters) – The head of Australia’s central bank on Tuesday said further increases in interest rates would likely be needed to tame inflation, and it was…
(Reuters) – National Australia Bank Ltd on Tuesday said it will hike its standard variable home loan interest rate by 25 basis points (bps) per annum from end of next…
(Reuters) – Australia’s Westpac Banking Corp warned on Monday that its second-half reported net profit and cash earnings will be reduced by A$1.3 billion ($824 million) after tax, citing a…
SYDNEY (Reuters) – Australia’s weather forecaster predicted heavy rain for large swaths of country’s flood-hit south and east on Sunday as a flood crisis continues in the two most populous…
By Shashwat Awasthi and Byron Kaye (Reuters) -Three of Australia’s biggest banks are considering a bid for payment terminals firm Tyro, underscoring the importance of new revenue streams as rising…
SYDNEY (Reuters) – Heavy rains eased across Australia’s east on Monday, a slight relief for flood-weary residents but authorities warned another intense weather system could hit several inland regions bringing…
SYDNEY (Reuters) – Australian fund manager Magellan Financial Group said a big client had redeemed about $1 billion in September to satisfy liquidity requirements as markets reeled late in the…
MELBOURNE (Reuters) – Australia’s second-largest telcoms firm Optus, owned by Singapore Telecommunications, on Saturday ran a full-page apology in major newspapers for a “devastating” cyberattack 10 days ago and pointed…
By Byron Kaye and Praveen Menon SYDNEY (Reuters) – For Rhys Wareham, a coffee industry technician from Sydney, the start of COVID-19 lockdowns in 2020 did not just mean staying…
(Reuters) – Star Entertainment Group on Tuesday accepted the findings of an inquiry that stated the casino operator unfit to hold a licence in Sydney, but said it should be…