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The Latest Breaking News from ANZ

Seek FY2022 revenue grew 47pct to $1.1b

Shares in online jobs marketplace Seek have fallen slightly this morning after the company missed profit expectations.

AAP

Business sentiment rallies unexpectedly

Business confidence rose unexpectedly last month, with firms running close to their limits, even as consumer confidence sank.

AAP

Three of the big four banks raise variable home loan interest rates by half a point to match RBA rise

Increase puts the banks’ variable interest rates at highest in three years with Westpac and NAB yet to respond to official cash rate hike

The Guardian - AU

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Big wage rises: 'It's our turn now'

With the cost of living soaring and huge demand for labour, low-paid workers are resetting their expectations after years of stagnant wages, Rebecca Macfie reports.

Newsroom.co.nz

Former Hunter Valley vineyard owner's accounts queried in court

Former Hunter Valley vineyard owner David James' is accused of being involved in a 'cheque kiting' scheme involving nearly $20 million

Newcastle Herald

Price data could surprise on the upside

Australia could be about to rack up its worst annual inflation rate in more than 31 years, paving the way for a sharp lift in official interest rates in August.

AAP

ANZ grows, Tesla disappoints, and inflation keeps surging in this week’s market wrap

The ASX200 traded to its highest level in more than a month this week. Here are five of the biggest events that caught investors' attention.

The New Daily

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ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.

The Conversation

Monthly mortgage bills could rise by another $650. But the RBA’s not worried yet

Home owners are facing another $650 rise in their mortgage bills within months as the economy is pushed to the brink to curb inflation.

The New Daily

The Loop: ANZ takes over Suncorp, Rugby Australia issues a life ban to a spectator, and the UK prepares for its hottest day ever

Get up to speed on today's headlines with The Loop.

ABC News

ASX rises, Suncorp share price jumps amid ANZ takeover bid, NZ inflation hits 7.3 per cent,

As comments from two US central bank officials eased fears about a bigger interest rate hike this month, Australian shares rose on Monday, while Suncorp scrip jumped after ANZ said it would buy the insurer's banking business.

ABC News

ANZ announces $5 billion Suncorp Bank takeover

Suncorp accepts a $4.9 billion bid from ANZ to take over its banking business, as the big four bank seeks to accelerate its growth.

ABC News

Banks pull rug from rags-to-riches property adviser

She tells of going from a state house to a $17m property portfolio. But Finax Mortgages and its high-profile founder have had their accreditation to broker home loans withdrawn, after concer

Newsroom.co.nz

The Reserve Bank can look across to New Zealand for a hint on Australia's economic future

New Zealand is about six months ahead of Australia in its moves to bring down inflation, so is looking across the ditch a glance into our future?

ABC News

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ABC News

Interest rate rises push household finances towards pandemic lows, confidence plunges

Australians are still spending record amounts of money, but surveys show that could change quickly as interest rate rises send consumer confidence towards pandemic lows.

ABC News

The Loop: Daniel Johns avoids jail, cargo ship crew rescued, Boris Johnson faces leadership questions, banks pass on rate rise

Here's your TL;DR for today's news.

ABC News

Can we avoid a recession? What we can learn from the Kiwis

New Zealand property prices have fallen every month this year following a series of punishing interest rate hikes that began last October. So far, the hikes have yet to dent inflation.

Asharq Al-Awsat

Oil Rises as Supply Concerns Outweigh US Fuel Stocks Build

Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in US gasoline and distillate inventories. Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT. The…

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news in one place.

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ABC News

Commonwealth Bank, ANZ, Westpac, NAB to raise variable mortgage rates by 0.25 per cent after RBA rate hike

All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase.

AAP

Financial adviser jailed over $363k theft

Scott Hines has been jailed for more than three years for stealing $363,000 from a mother of four who cared full-time for her disabled daughter.

Daily Mirror

Dad nearly lost £3k to WhatsApp scammer posing as son - but one tiny detail gave it away

Immunologist Alan Baxter nearly lost around $5,000 (£2,800) in a WhatsApp scam and has since criticised ANZ's attitude to the attempted fraud

The New Daily

More interest rate pain: RBA’s sobering inflation warning to households

Australians must brace for several years of high inflation and rising interest rates, Reserve Bank governor Philip Lowe warned in a speech on Tuesday.

AAP

RBA's Lowe to expand on outlook views

Reserve Bank governor Philip Lowe will address a conference on Tuesday on Australia's economic outlook and monetary policy.

The Guardian - AU

ASX: Australian stocks close almost 3.6% down after global sell-off on inflation fears

Benchmark ASX200 index closes 246 points lower, after falling 360 points in the first 15 minutes of trading on Tuesday

ABC News

The Loop: High Court rules on citizenship, banks pass on rates rise, and why lettuce is so pricey

Here's your TL;DR for today's news.

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