ANZ Financial News

07.08 / 08:19

UPS Racing Pool ANZ Fantasy sports start-up seeks fresh funds; big-name investors saddle up

A fantasy sports developer and gambling newcomer with a register of high-profile backers has kicked off a search for fresh funding, calling in advisers from Henslow.

07.08 / 08:19

UPS Provident CEO PwC Deloitte ANZ EY, KPMG chief executives back a tougher, single watchdog for firms

Leaders at Deloitte, EY and KPMG will call for fragmented regulation of the sector to be replaced by a single set of standards as part of a Treasury review into their firms they hope will restore public trust in the sector.

07.08 / 02:27

UPS RIG ANZ Oil extends gains, hovers at four-month highs on OPEC+ cuts

Oil prices extended gains on Monday to touch their highest levels since mid-April after top producers Saudi Arabia and Russia pledged to keep supplies down for another month to tighten global markets further and support prices. Brent crude futures rose 25 cents, or 0.3%, to $86.49 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude was at $83.05 a barrel, up 23 cents, or 0.3%.

07.08 / 00:07

Enterprise ANZ APA stage Power D-Day looms for Alinta’s WA power assets auction

It’s down to the short strokes at the auction for Alinta Energy’s remote power assets in Western Australia.

06.08 / 23:03

COST Provident BLOCK ANZ stage Suncorp adviser claimed merger with Bendigo ‘value accretive’

Suncorp heard from advisers last year that merging its bank with mid-tier rival Bendigo and Adelaide was a valid idea, and better than the insurer running its bank alone, according to the competition regulator’s investigations behind its blocking of the $4.9 billion deal with ANZ.

04.08 / 21:33

UPS Fighting ANZ show voice Weekend 10 long reads for the weekend

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

03.08 / 23:41

Provident Enterprise ANZ show ACCC rejects $4.9b ANZ acquisition of Suncorp Bank

The competition regulator has rejected ANZ’s $4.9 billion takeover of Suncorp’s bank.

03.08 / 02:47

Reuters Strategy ANZ show analysts Indian RBI intervention to keep Indian rupee in a tight range, analysts say

Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll found. Expected volatility in the rupee over the next three months was at its lowest in two decades as the Indian central bank continued to buy dollars, adding to its FX reserves of over $600 billion. After falling over 10% in 2022, the rupee has gained just 0.2% so far this year and is unlikely to recoup those losses anytime soon, despite India retaining its title as the world's fastest-growing large economy.

02.08 / 01:31

UPS Provident Racing Pool ANZ country Lost NOT All is not lost: ANZ says Australia can still win hydrogen race

Australia’s ambitions to develop a green hydrogen industry have suffered only a temporary setback from the US Inflation Reduction Act, and enjoy positive prospects at the hands of state and federal policies, funding support, and demand from key Asian trading partners.

30.07 / 19:29

COST UPS Provident Booking ANZ Oscar Banks raise rates faster than the RBA as they claw back margins

Home loan interest rates charged by the major banks to new borrowers are outpacing official cash rate increases, as lenders shift from writing mortgages at below the cost of capital to safeguarding profits and dividends.

27.07 / 03:07

UPS ANZ show rate hikes Oil up as supply tightness view offsets concerns from rate hikes

Oil prices rose on Thursday as investors focused on expectations of tighter supplies from top oil producers, helping reverse earlier losses that were driven by worries that the hike in interest rates by the U.S. will hurt demand. The promise of economic stimulus in China, the world's second-biggest oil consumer, also lent support to the market.

24.07 / 03:47

Reuters Manufacturing Strategy ANZ show country NOT India's economy to hold top spot for GDP but not so much for jobs growth: Reuters poll

By Milounee Purohit

24.07 / 03:23

Provident ANZ show ACCC to delay decision on $4.9b Suncorp-ANZ merger

The Australian Competition and Consumer Commission has delayed its decision on the $4.9 billion ANZ-Suncorp merger for a week and will now have its final say on August 4.

24.07 / 03:05

Provident Reuters ANZ country Aussie competition regulator delays decision on ANZ's $3.3 billion Suncorp Bank buy

(Reuters) -Australia's competition regulator on Monday said it has delayed its decision on ANZ Group Holdings' proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank by a week to August 4, and has requested a further extension of one week.

23.07 / 10:11

UPS Booking Racing ANZ show blues Marathon Two-horse race to eventually run Westpac is a gruelling marathon

In a black jacket, white shirt and blue patterned tie, Westpac executive Chris de Bruin sat aside his boss, chief executive Peter King, as parliament’s House of Representative Economics Committee held court this month.

20.07 / 06:01

Target Microsoft ANZ Lawyers Lawyers warned on ‘goldilocks’ regulation of AI

Law firms should have “responsible” systems in place for artificial intelligence as Australia moves towards a “goldilocks” approach on the regulation of tools such as ChatGPT, says the legal chief of tech giant Microsoft.

19.07 / 09:05

COST Provident Waves CEO ANZ Deal Barclays punts $200m on Australia with TP24 debt deal

Swiss invoice finance provider TP24 has secured a new $200 million warehouse finance facility from British investment bank Barclays to deploy in Australia, in what TP24’s chief executive says should be a “wake-up call” for the big four.

19.07 / 07:53

UPS Provident Enterprise ANZ voice Takeover Brookfield Alinta cites ‘discrimination’ concerns in Brookfield/Origin takeover

Electricity generator and retailer Alinta Energy has told the competition regulator that the takeover of Origin Energy’s markets business by Canadian giant Brookfield could lead to discrimination against Origin’s competitors when negotiating to connect new renewable projects to the grid.

19.07 / 07:01

UPS Digital CEO Strategy ANZ Westpac’s de Bruin departs, exec reshuffle under way

Westpac’s consumer and business banking boss, Chris de Bruin, has resigned after Westpac struggled to win market share in the ultra-competitive home loan market against rivals ANZ and Macquarie.

19.07 / 00:43

UPS Provident ANZ Oil prices Support Oil prices up on China economic support pledge, tighter supply

By Katya Golubkova

18.07 / 10:43

COST UPS Provident ANZ ‘Throwing stones in a vacuum’: banks resist ACCC deposit probe

Banks and their investors are warning of “potentially devastating effects” to the economy from the competition watchdog’s probe into deposit pricing, suggesting it could threaten the stability of the financial system and may crunch the sector’s wafer-thin profit margins even further.

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