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Reuters - 3 hours ago

NAB Expands Long-Term Deal With AWS

BRIEF-NAB Expands Long-Term Deal With AWS Sept 19 (Reuters) - National Australia Bank Ltd NAB.AX : NAB EXPANDS LONG-TERM DEAL WITH AWS NAB EXTENDS DEAL WITH AWS AS PART OF ITS MULTI-CLOUD STRATEGY THAT CONTINUES TO BOLSTER THE BANK’S TECHNOLOGY CAPABILITY Further company coverage: NAB.AX

Reuters - 19 hours ago

Australian shares end off record high ahead of Fed rate decision

Australian shares end off record high ahead of Fed rate decision ASX 200 ends flat after touching fresh record high Fed Policy decision due at 1800 GMT Australia's August labour market data due Thursday Updates to close By Himanshi Akhand Sept 18 (Reuters) - Australian shares ended flat on Wednesday after hitting a record high, as a fall in miners offset gains in financials, while investors assessed the odds of a likely super-sized rate cut by the Federal Reserve.

Reuters - 2 days ago

Australian shares end near record high ahead of Fed policy meeting

Australian shares end near record high ahead of Fed policy meeting ASX 200 gains for fourth straight day Benchmark touches all-time high Fed policy meeting due Wednesday By Roshan Thomas and Echha Jain Sept 17 (Reuters) - Australian stocks flirted with an all-time high on Tuesday, a day ahead of the U.S. Federal Reserve's policy decision and as investors waited for local jobs data due later in the week.

Reuters - 6 days ago

NAB Welcomes Australian Govt Scam Codes Legislation Consultation

BRIEF-NAB Welcomes Australian Govt Scam Codes Legislation Consultation Sept 13 (Reuters) - National Australia Bank Ltd NAB.AX : NAB WELCOMES AUSTRALIAN GOVERNMENT SCAM CODES LEGISLATION CONSULTATION Further company coverage: NAB.AX

Reuters - 1 week ago

Australian shares flat as miners counter losses in banks

Australian shares flat as miners counter losses in banks Sept 11 (Reuters) - Australian shares struggled for momentum on Wednesday as gains in miners countered losses in financial and energy stocks, while investors globally awaited U.S. inflation data for hints on the depth of a rate cut expected from the Federal Reserve next week. The S&P/ASX 200 index .AXJO was flat at 8,017.9 as of 1237 GMT.

Reuters - 1 week ago

Australian Banking Association Says Will Continue To Engage With APRA On Hybrid Bonds Replacement Proposal

BRIEF-Australian Banking Association Says Will Continue To Engage With APRA On Hybrid Bonds Replacement Proposal Sept 10 (Reuters) - Australian Banking Association: APRA'S HYBRID BONDS REPLACEMENT PROPOSAL REPRESENT SIGNIFICANT CHANGE TO BANK’S CAPITAL STRUCTURE - SPOKESPERSON WILL CONTINUE TO ENGAGE WITH APRA ON ISSUE IN COMING MONTHS - SPOKESPE

Reuters - 1 week ago

Aussie lenders gain as UBS suggests scooping up financials rather than miners

BUZZ-Aussie lenders gain as UBS suggests scooping up financials rather than miners ** Shares of Commonwealth Bank of Australia CBA.AX , the country's biggest lender, gain 1.6% to a record high while financial conglomerate Macquarie MQG.AX also touches an all-time high ** Other lenders such as National Australia Bank NAB.AX , Westpac WBC.AX and ANZ

Reuters - 1 week ago

Aussie prudential regulator intends to replace banks' hybrid capitals

UPDATE 4-Australia regulator seeks to make banks phase out issuing hybrid securities APRA intends to simplify use of hybrid bonds Move to simplify bank capital requirements, remove risk Transition to begin from January 2027 Rewrites throughout with further updates on details and background By Rishav Chatterjee Sept 10 (Reuters) - Australia's prudential regulator is proposing to bar banks from issuing certain hybrid securities to help meet their capital requirements starting in 2027 as retail inv

Reuters - 1 week ago

Australia business conditions hit 2-1/2-yr lows in August as job outlook worsens

Australia business conditions hit 2-1/2-yr lows in August as job outlook worsens SYDNEY, Sept 10 (Reuters) - Australian business conditions fell to the lowest in 2-1/2 years in August with the outlook for jobs taking a hit, a survey showed on Tuesday, while there was mixed news on inflation pressures subsiding. The survey from National Australia Bank (NAB) showed its index of business conditions fell 3 points to +3, the lowest since January 2022 and below its long-run average.

Reuters - 1 week ago

Australia's APRA Proposes Update To Bank Capital Framework To Strengthen Crisis Preparedness

BRIEF-Australia's APRA Proposes Update To Bank Capital Framework To Strengthen Crisis Preparedness Sept 10 (Reuters) - AUSTRALIA'S APRA: PROPOSES UPDATE TO BANK CAPITAL FRAMEWORK TO STRENGTHEN CRISIS PREPAREDNESS PROPOSED CHANGES TO THE CAPITAL FRAMEWORK FOR BANKS IN RELATION TO HYBRID INSTRUMENTS PROPOSING BANKS PHASE OUT THE USE OF AT1 CAPITAL IN

Reuters - 1 week ago

Australia's Westpac names new CEO, moving on from governance crisis

UPDATE 4-Australia's Westpac names new CEO, moving on from governance crisis Writes through with fresh current and former CEO quotes, updated shares By Byron Kaye and Adwitiya Srivastava Sept 9 (Reuters) - Westpac WBC.AX , Australia's second-largest mortgage lender by loans, promoted the head of its business and wealth unit to CEO, vowing to capitalise on improved governance while growing its business lending book.

Reuters - 2 weeks ago

ISM kicks off the dollar's big week

LIVE MARKETS-ISM kicks off the dollar's big week Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ISM KICKS OFF THE DOLLAR'S BIG WEEK A look at the day ahead in European and global markets from Tom Westbrook: Today's U.S. ISM manufacturing survey is the first major indicator out in a big week for U.S.

Reuters - 2 weeks ago

ISM kicks off the dollar's big week

MORNING BID EUROPE-ISM kicks off the dollar's big week A look at the day ahead in European and global markets from Tom Westbrook Today's U.S. ISM manufacturing survey is the first major indicator out in a big week for U.S. data and, likely, the dollar. Investors and the Federal Reserve are looking for reassurance that the path is clear to cut interest rates, and to gauge how quickly to cut.

Reuters - 2 weeks ago

Australian dollar buoyant versus yen, shrugs off soft data ahead of GDP

Australian dollar buoyant versus yen, shrugs off soft data ahead of GDP SYDNEY, Sept 3 (Reuters) - The Australian dollar was buoyant on Tuesday after gaining on the Japanese yen, while shrugging off another fall in iron ore prices and local data that highlighted the softness of economic growth. The Aussie eased 0.2% to $0.6776 AUD=D3 , having gained 0.4% overnight to as high as $0.6794. Major resistance lies at $0.6824, the peak from last week, while support is around $0.6752. It was in part due

Reuters - 2 weeks ago

Australia, NZ dlrs slip after bumper August, outlook uncertain

Australia, NZ dlrs slip after bumper August, outlook uncertain SYDNEY, Sept 2 (Reuters) - The Australian and New Zealand dollars slipped on Monday after ending August with hefty gains, with investors eyeing U.S. jobs data for clues into the size of the anticipated September Fed rate cut, as well as local economic data. The Aussie held at $0.6762 AUD=D3 , having scaled a fresh eight-month top of $0.6823 last week which left it 3.4% firmer last month.

Reuters - 3 weeks ago

Australia inflation eases in July, but progress still slow

UPDATE 2-Australia inflation eases in July, but progress still slow Recasts, adds analysts' comments in paragraphs 6-7 and 14-15 By Stella Qiu and Wayne Cole SYDNEY, Aug 28 (Reuters) - Australian inflation slowed to a four-month low in July as government rebates on electricity bills kicked in, but progress on tempering price gains elsewhere disappointed and led markets to pare back the chance of a near-term cut in interest rates.

Reuters - 4 weeks ago

Australian shares end flat as banks offset commodity, tech drags

Australian shares end flat as banks offset commodity, tech drags AXJO up 0.7% for the week ANZ drops 2.2% New Zealand benchmark snaps four-day losing streak, up 0.5% Updates to close By Sherin Sunny Aug 23 (Reuters) - Australian shares ended flat on Friday as losses in commodity and technology stocks were offset by gains in banks, while investors awaited Federal Reserve Chair Jerome Powell's speech at Jackson Hole for insights on U.S interest rate cuts.

Reuters - 4 weeks ago

Australian regulator hikes ANZ's capital add-on, citing bond scandal

UPDATE 4-Australian regulator hikes ANZ's capital add-on, citing bond scandal Updates shares in paragraph 8, adds analyst quote in paragraphs 10-11 By Byron Kaye and Roushni Nair Aug 23 (Reuters) - Australia's bank regulator on Friday raised the amount of spare cash that No. 3 lender ANZ ANZ.AX must keep on hand due to suspected wide-ranging misconduct at its bond trading unit, the first financial fallout from the growing scandal.

Reuters - 4 weeks ago

Wall Street stocks dip, dollar rebounds as Fed readies rate cuts

GLOBAL MARKETS-Wall Street stocks dip, dollar rebounds as Fed readies rate cuts Updates prices to midday U.S. trading U.S. stocks decline as markets eye Fed rate cuts U.S. dollar ticks up Treasury yields increase Oil rebounds By Lawrence Delevingne Aug 22 (Reuters) - Stocks fell and the dollar gained on Thursday after Federal Reserve minutes signaled U.S.

Reuters - 4 weeks ago

Wall Street stocks, dollar subdued as Fed readies rate cuts

GLOBAL MARKETS-Wall Street stocks, dollar subdued as Fed readies rate cuts U.S. stocks little changed as markets eye Fed rate cuts Treasury yields increase U.S. dollar ticks up Oil rebounds By Lawrence Delevingne Aug 22 (Reuters) - Stocks and the dollar remained subdued on Thursday after Federal Reserve minutes signalled U.S. interest rate cuts were set to begin in a few weeks' time.

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