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The Latest Breaking News from Westpac

Aussie shares plunge to five-week low on weak earnings

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

AAP

Banking, goldminers drag Aussie shares lower

The ASX200 fell 0.2 per cent, with the financial sector doing especially poorly after disappointing earnings from Westpac and Bendigo and Adelaide.

AAP

Embattled casino operator Star offered $650m lifeline – as it happened

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The Guardian - AU

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Aussie shares finish flat as gold hits record high

The ASX200 ended the day about where it started, with strong gains for goldminers as the yellow metal breached $US2,900 an ounce for the first time.

AAP

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP

Aussie shares set another record on back of rates hype

The ASX200 has risen almost half a per cent to finish at its highest-ever level and end January up 4.6 per cent from where it started.

AAP

Consumers feel finances slide but hold hope for future

Easing inflation is increasing the likelihood of a near-term rate cut, which would provide a welcome boost to consumer sentiment in 2025.

AAP

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Aussie shares, dollar slide as US rate-cut odds dim

The ASX200 fell 1.2 per cent and the dollar hit a nearly five-year low after a strong US jobs report lowered expectations for quick rate cuts.

AAP

Australia's bullet-proof jobs market put to the test

Even with restrictive interest rate settings and inflation battering the economy, Australia's labour market has proved surprisingly resilient.

AAP

Sea and air search under way for 15-year-old boy swept off rock shelf at NSW beach

Emergency services called to North Avoca beach on the Central Coast at about 3pm on Tuesday

The Guardian - AU

Activists want banks' actions to match words on climate

Activists are heartened that Australia's big banks took steps to limit lending to fossil fuel companies this year, but also have questions.

AAP

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

AAP

Westpac shareholders question bank's climate plan

Westpac shareholder activists have questioned bank executives about how its climate change policies will be applied.

AAP

How China uncertainty could push back RBA rate cut

Unexpected jobs figures have diminished hopes of an interest rate cut in February but favourable inflation data could put lower mortgage costs back on the menu.

AAP

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The Conversation

What’s fair in the fight to keep bank branches open and access to cash alive?

On Tuesday, Commonwealth Bank announced it was planning to move customers using one of its legacy accounts to its newer “Smart Access” account.

AAP

Spotlight on monthly inflation numbers

Inflation figures and a speech from the head of the Reserve Bank of Australia will dominate the economic agenda this week.

Newcastle Herald

How the Westpac rescue helicopter saved a future Paralympian and mother

'On your worst day that chopper will be the best thing that could ever happen to you.'

AAP

Westpac's profit dips to $7b as mortgage stress eases

Westpac has posted an annual profit of $7 billion and lifted its final dividend, in Peter King's last financial result as chief executive.

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Newcastle Herald

Community rallies around newlywed mum after horror lawn mowing accident

Megan McKee was scheduled for amputation surgery in Newcastle on Friday.

AAP

ASX ends worst week since August after global sell-off

The ASX200 has fallen 0.5 per cent after worrying earnings forecasts from US tech stocks and diminishing rate cut hopes in Europe dampened risk sentiment.

Newcastle Herald

A diver was alone in rough seas for three hours, then the helicopter appeared

Westpac heroes in the spotlight as survivors share powerful stories.

AAP

Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

AAP

Banks at odds over easing lending restrictions

Easing lending requirements so more first homebuyers can get a mortgage has received mixed reviews, with warnings more borrowers would face crippling debt.

AAP

Win for banks over fugitive's 'audacious' $500m fraud

Westpac and two other banks can recoup funds taken through a $500 million fraud perpetrated by a fugitive former football club owner and his associates.

AAP

Wanted: $100m investment fund seeks green Aussie tech

A multimillion-dollar venture capital fund, backed by 50 companies including Westpac, is looking for clean energy innovations that could go global.

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