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MYSTERIOUS: 12 - You Need To See This

A Melb Family Says They’ve Lost Nearly $40k After Their Personal Data Was Exposed In Optus Hack

Credit card applications, online shopping vouchers and personal loans worth more than $60k were also taken out in the family's name.

Pedestrian.tv

Consumer habits in the RBA spotlight

How consumers and government agencies are spending their money will be closely watched by Australia's central bank as inflation bites.

AAP

Australia under pressure to sanction Myanmar military after Amnesty International report and leaked ANZ Bank transactions

Australia is an outlier among like-minded countries, including the United States, United Kingdom, Canada and the European Union, all of which have imposed tough sanctions on Myanmar's military rulers since the coup on February 1 last year.

ABC News

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Big banks face scrutiny over business with Myanmar lender

Australian and Singaporean lenders accused of facilitating transactions with Myanmar military-owned bank.

Al Jazeera

ANZ faces further pressure over Myanmar ties

Trans-Tasman bank's connection to a Myanmar corporation supporting the military junta draws criticism.

Newsroom.co.nz

Why the focus on energy prices? Inflation is more likely to be driven by surging housing, transport and food costs

Increases in electricity and gas prices are less to blame for the cost-of-living squeeze than many other components. Here’s why

The Guardian - AU

Inflation surge dents consumer confidence

Consumer confidence is likely to fall further after Tuesday's rate hike, having already slumped to levels last seen during the early stages of COVID lockdowns.

AAP

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Why are banks making big bucks?

Bank profits are set to crack $10 billion - is it too much, or are the banks just an easy target for criticism?

Newsroom.co.nz

Rate rise expected on Melbourne Cup day likely to be followed by higher inflation outlook

Two of Australia’s biggest banks predict the Reserve Bank will revise the inflation rate to 8% – the highest since March 1990

The Guardian - AU

ANZ revenue rises off interest rates and banks raise RBA cash rate forecasts

Helped by cash rate hikes, ANZ's revenue has risen 5 per cent. Meanwhile, other banks are raising forecasts of how far the RBA will hike the cash rate.

ABC News

ANZ beats expectations but shares fall

Big four lender ANZ has outperformed expectations with a $6.5 billion full-year profit and a higher dividend, but its shares have dropped nearly four per cent.

AAP

Inflation means your wages are worth less. Will they rise to catch up?

Restaurant workers with six months' experience are asking for $100,000. But, in most places, wages growth is still falling well short of inflation.

ABC News

ANZ fined $25 million for misleading more than 680,000 customers over 'Breakfree' package

ANZ was issued the fine in the Federal Court after the bank failed to provide benefits such as fee waivers and interest rate discounts to approximately 689,000 customer accounts.

ABC News

Oil Prices Slide as China Demand Data Disappoints

Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude importer remained lackluster in September as strict COVID-19 policy and fuel export curbs depress consumption. Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel…

Asharq Al-Awsat

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The Guardian - AU

Australia’s jobless rate is steady as she goes – and so too is the economy

Unemployment has come in at 3.5% for the second month in a row. That’s good news for economic growth – if people have jobs, they’re more likely to spend

AAP

National jobless rate in the spotlight

All eyes will be on the latest labour force figures for signs that the jobs market might be starting to cool off.

The Guardian - AU

Australian banks hit with payment transfer outage as RBA blames technical error

Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

AAP

RBA fesses up to nationwide bank outages

The central bank has blamed a technical error on the industry-wide bank transfer outage that left customers furious.

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The New Daily

Alan Kohler: Working from home is a proletariat revolution

Whether company managers like it or not working from home has taken over – they can’t control it and it can’t be undone.

Newsroom.co.nz

Troubled Ruapehu skifields put into administration, owing millions to Govt

Taxpayers are unlikely to ever be repaid $15 million the Government loaned the North Island ski fields, that were once New Zealand's busiest. A winter of poor snow was the final straw.

The Guardian - AU

Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

The Canberra Times

ANZ Bank to close Dickson branch

The permanent closure is due to a more than 50 per cent decrease in in-branch transactions.

The New Daily

‘Devastating’ branch closures in dozens of towns across Australia, as bank profits rise

Regional Australian towns have lost more than 200 bank branches over the last two years, costing customers time and money.

ABC News

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

AAP

Petrol prices already tracking upwards

Petrol prices have already started inching upwards following the reintroduction of the fuel excise tax last week.

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