CBA boss says rates to stay on hold after another profit drop
The country’s biggest bank has reported its net profit slid by 3 per cent as CEO Matt Comyn said the strong immigration rate was helping the Australian economy remain resilient.
- by Millie Muroi
Latest
Updated
World markets
Industrials and tech stocks lift ASX; Perpetual plunges 7 per cent
The Australian sharemarket edged higher on Wednesday following its rally in the previous session.
- by Millie Muroi
Updated
World markets
ASX lifts after RBA leaves rates on hold
The Australian sharemarket extended gains after the Reserve Bank left interest rates unchanged, with the bourse building on its early gains following a strong finish on Wall Street.
- by Millie Muroi
Updated
Earnings season
ANZ boss warns of widening financial stress as profits slide 7 per cent
ANZ chief executive Shayne Elliott said there were “very real stresses” in the economy, but that much of it was outside the banking system.
- by Millie Muroi
Updated
World markets
ASX steps up after Wall Street rallies
The Australian sharemarket stepped up on Monday after Wall Street capped a choppy week of trading with its best day in more than two months.
- by Jessica Yun and Millie Muroi
Westpac boss predicts soft economic landing despite customer stress
Westpac boss Peter King says the economy is on track for a soft landing, even as customer stress has ticked up, and the bank posted a drop in profits.
- by Millie Muroi
Sexually transmitted debt: How financial services are fighting financial abuse
One woman out of every six experiences economic abuse. Here’s what that can look like and what’s being done about it.
- by Millie Muroi
Opinion
HECS
The government’s HECS change is good, but another tweak is still needed
Timing is important – and that’s one of the clear shortfalls in the federal government’s surprise for young people with student loans.
- by Millie Muroi
Macquarie chief takes $7.6m pay hit as profits fall
Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.
- by Millie Muroi
NAB boss says most of its home loans are written at a discount
Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits, but said households were mostly proving resilient in the cost-of-living crisis.
- by Millie Muroi
Updated
World markets
ASX a sea of red as Wall Street tumbles to wrap up ugly April
The Australian sharemarket tumbled after a negative lead from Wall Street, as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.
- by Millie Muroi