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Australian banks to report squeeze on upcoming results
... fixed-rate loans while costs go up due to investment in digital capabilities and broader inflation. Pressures will likely be felt by the quarterly results of Commonwealth Bank, as well as the first-half reports from National Australia Bank , Westpac , and Australia and New Zealand Banking Group this month. We are cautious about banks. Analysts at Barrenjoey said that the upcoming results are likely to show weaker net interest margins and signs of rising costs. We wouldn't be surprised if banks were more optimistic about their outlook,...
Updated: 05/01/2022
As commodities prices remain elevated, Southeast Asian currencies look poised to surpass their northern peers
As commodity prices remain elevated and tourist arrivals rebound, the Bloomberg Southeast Asian currencies look poised to surpass their northern peers, according to Goldman Sachs Group Inc. and Bank of America Securities. As commodity prices remain elevated and tourist arrivals ... ... a 30 year old cryptanalym. None of Russia's efforts to avoid default undermined by New U.S. None Elon Musk takes 9.2% stake in Twitter after hinting at Shake-Up. The currencies...
Updated: 04/06/2022
RBA's monetary policy under pressure
As a strengthening economy and pre-election budget spending cause inflation concerns, the Reserve Bank of Australia is under pressure to tighten monetary policy in as little as two months. ... ... of the central bank's 2 -- 3% target for the first time since 2014. An ANZ Banking Group Ltd. index of job advertisements, released on Monday, went up further in March... ... a rate hike from the RBA, as it has in global counterparts in the U.K., Canada and New Zealand. Lowe is doubtful that inflation will be sustainable without stronger wages...
Updated: 04/04/2022
Here are the latest economic and climate reports from Asia
... climate change by the Intergovernmental Panel on Climate Change and the latest economic outlook report by the Asian Development Bank. Two publications this week are worth paying attention to ... ... banks of the region will review their monetary policies, including Australia and India. You can get the best of our coverage of Asia ... ... commitments are from backers of the iPhone assembler Foxconn Technology Group and Indonesia's biggest tech company, GoTo Group . Other ... ... Ministers from Australia, Finland, Georgia, Japan, South Korea, New Zealand, Sweden and Ukraine are invited to join one of the sessions ...
Updated: 04/03/2022
Taiwan dollar poised to rise after biggest quarterly loss in nearly four years
... hikes. How many people have ever had Covid ? None Putin Misinformed by Advisers on the War, White House Says. None of Apple and Meta Gave User Data to Hackers Who Used Forged Legal Requests. None Home Prices Suggest Housing Bubble Brewing in U.S. Dallas Fed Says None of Biden was willing to use Cold-War powers to boost Battery Metals. Australia New Zealand Banking Group Ltd. expects the Taiwan dollar to rise to 27.9 per greenback by the end of the third quarter. It was down to 28.79 per dollar ...
Updated: 03/31/2022
Japan's Shinsei eyes acquisition of non-bank financial firms
... turnaround. Kawashima , a top lieutenant of SBI chief Yoshitaka Kitao , started his career at Nomura Securities Co. in 1985 and was in charge of SoftBank Group Corp. After Kitao was hired by SoftBank founder Masayoshi Son . In 2020, Shinsei acquired Australia New Zealand Banking Group Ltd.'s UDC Finance Ltd., which was New Zealand's largest non-bank lender, for 659 million New Zealand dollars $454 ...
Updated: 03/30/2022
Asian markets edge higher, oil prices rise
Asian stocks steadied on Wednesday and demand for safe-havens waned as investors saw Russian ... ... leaving room to avoid a war, while a rate hike lifted New Zealand's dollar. Asian stocks steadied on Wednesday ... ... diplomacy after he announced sanctions on two Russian banks and some elites close to President Vladimir ... ... gains in nearly two years. Bonds in New Zealand and Australia came under pressure. NZD China is an outlier,... ... rates this month, according to a private research group. The bids from safe-havens have taken some of ...
Updated: 02/23/2022
Asian markets fall, gold hits 8-month high ahead of weekend
Asian markets fell on Friday and gold stood at an eight-month high after an exchange of fire in eastern Ukraine and renewed US warnings of an imminent Russian invasion had investors looking for safety ahead of the weekend. Asian markets fell on Friday and gold stood at an eight-month ...
Updated: 02/18/2022
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