Westpac reports profit slide to $3.34bn in FY24 H1 earnings
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
Source: perthnow.com.au
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Macquarie annual profit slumps as commodity windfall fades; shares down
Australias top investment bank Macquarie said its annual profit slumped by a third, the sharpest in 15 years, as a stabilisation in energy markets hammered its commodities trading division and it...
Source: marketscreener.com
Westpac CEO shares proof Aussies are really struggling with the cost of living crisis
Westpac chief executive Peter King has revealed mortgage defaults were getting worse. An increasing number of borrowers are 90 days behind on their mortgage obligations.
Source: dailymail.co.uk
Emerging markets: US dollar fell to seven-month low vs major peers as Asian FX and stocks rise
Most emerging Asian currencies and equities climbed on Monday as investors have seized on hints that easing U.S. inflation may give the Federal Reserve a leeway to scale back the size of its future interest rate hikes.
Source: thestar.com.my
Emerging markets: Philippines central bank prepared to hike rates by 50 bps in August as Asian stocks rise on easing recession woes
Asian shares inched up on Friday, tracking Wall Street gains overnight, after positive signals from US central bank officials doused fears of an economic recession, which also supported most currencies in the region.
Source: thestar.com.my