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Banking

ABS reports 58,000 new jobs in July labour force data

by Anas Siddiqui
ABS reports 58,000 new jobs in July labour force data

The Australian economy added 58,000 new jobs in July, far outstripping estimates of a 20,000 increase, though unemployment ticked up to 4.2 per cent in a mixed labour force landscape …

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‘Long and harsh winter’: Iron ore giants fight through warning from Chinese steel giant

by Anas Siddiqui
‘Long and harsh winter’: Iron ore giants fight through warning from Chinese steel giant

Losses from a major energy player and storm clouds over Chinese steel mills have weighed on the Australian market. The S&P/ASX200 hung tough on Thursday, finishing up 14.8 points at …

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Cost of living: 49 per cent of Aussie small businesses at risk of shutting down

by Anas Siddiqui
Cost of living: 49 per cent of Aussie small businesses at risk of shutting down

Nearly 1.25 million small businesses are at risk of shutting down as cost-of-living pressures hammer profit margins, a senate hearing into Australia’s cost-of-living crisis has been told. Council of Small …

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CommBank to walk away from fossil fuel companies without genuine emissions plan

by Anas Siddiqui
CommBank to walk away from fossil fuel companies without genuine emissions plan

Commonwealth Bank has announced it will walk away from fossil fuel companies without genuine plans to achieve the Paris Agreement on climate change, days after it posted close to $10 …

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CommBank to walk away from fossil fuel companies without genuine emissions plan

by Anas Siddiqui
CommBank to walk away from fossil fuel companies without genuine emissions plan

Commonwealth Bank has announced it will walk away from fossil fuel companies without genuine plans to achieve the Paris Agreement on climate change, days after it posted close to $10 …

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Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

by Anas Siddiqui
Twiggy slaps down nuclear ambitions, as energy, materials up on ASX

The ASX200 has bookended a week of recovery with a 1 per cent gain and a clean green sweep across all 11 sectors on Friday. The benchmark closed 1.3 per …

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CBA warns of downside risks as profit slips to $9.8b

by Anas Siddiqui
CBA warns of downside risks as profit slips to .8b

Commonwealth Bank of Australia is bracing for a mild economic downturn as higher interest rates constrain growth and demand. And the bank’s boss has warned the effects of the Reserve …

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ANZ named and shamed for charging dead clients

by Anas Siddiqui
ANZ named and shamed for charging dead clients

ANZ has been sanctioned for charging fees to the estates of dead clients, in what the industry’s independent monitor has called a serious breach. The Big Four bank was found …

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How innocent text message almost lost man $3 million during NAB impersonation scam

by Walter Watson
How innocent text message almost lost man  million during NAB impersonation scam

When a bizarre text landed in a WA business owner’s inbox earlier this year, he immediately knew something wasn’t quite right. His assistant Lisa* had messaged to ask about the …

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Inflation cooling, financials and discretionaries push ASX to marginal gain on Tuesday

by Ron Morgan
Inflation cooling, financials and discretionaries push ASX to marginal gain on Tuesday

Wage and business survey data showing inflation is cooling was enough to push financial and discretionary stocks to gains on Tuesday, despite healthcare equites weighing down the market. The ASX200 …

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