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EXPLAINED: 6 - The Real Truth

ANZ’s $4.9 billion Suncorp takeover will now go ahead. Is the government sending mixed messages on business competition?

Two years after the deal was first announced, Treasurer Jim Chalmers has today given the green light for ANZ to acquire the banking arm of Queensland-based insurer Suncorp.

The Conversation

Australian shares finish financial year up 7.8 per cent

The ASX200's early gains on Friday faded in the afternoon, but it still finished June and 2023/24 in the green.

AAP

Greenlight for ANZ's takeover of Suncorp's banking arm

ANZ's multibillion-dollar deal to buy Suncorp's banking arm is full steam ahead after federal Treasurer Jim Chalmers approved the plan.

AAP

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Nuclear more costly and could ‘sound the death knell’ for Australia’s decarbonisation efforts, report says

Analysis from Bloomberg says even if nuclear is successfully implemented it would be ‘at least four times’ more expensive than average cost of renewables

The Guardian - AU

Australia’s inflation rises to 4%, stoking concern interest rates could increase again

The consumer price index increased to its highest level in 2024, indicating the Reserve Bank is unlikely to cut interest rates soon

The Guardian - AU

Cops, banks team up to track cash feeding child abuse

A major Australian bank has teamed up with the police to stamp out child abuse material by tracking suspicious financial transactions.

AAP

Scammers Steal $12K In 10 Minutes From Aussie Student Via A Simple And Easily Overlooked Scam

A student loses $12k trip savings to a pop-up scam but gets refunded by the bank after media attention.

International Business Times UK

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Australian shares finish lower as RBA decides on rates

The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.

AAP

RBA likely to hold rates as price pressures loiter

The Reserve Bank of Australia is expected to hold interest rates at 4.35 per cent and keep its options open on its next move.

AAP

Shares fall again to finish week down 1.7 pct

The ASX200 finished Friday down 0.3 per cent in its third losing day out of the past four sessions.

AAP

Chalmers eyes soft landing amid budget criticism

The pressure on Australia's economy from higher interest rates justifies the decision not to deliver a "slash and burn" budget, Treasurer Jim Chalmers says.

AAP

No interest rate relief predicted this year, major bank tells mortgage holders

ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025

The Guardian - AU

Households keep falling behind as rate increases bite

Most borrowers are adapting to tough financial conditions but the number of people in hardship or struggling to meet repayments is growing.

AAP

Tiwi Islanders take aim at bank's complaint rejection

ANZ has rejected a complaint from Tiwi traditional owners who say the bank's funding of fossil fuel projects contribute to adverse human rights impacts.

AAP

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AAP

Aust shares fall after hawkish Federal Reserve minutes

The ASX200 has dropped 0.5 per cent after US Federal Reserve minutes showed some officials were willing to raise interest rates.

AAP

Service returns after ANZ app and online banking outage

An outage lasting several hours has struck ANZ's app and online services, sparked by a "technology issue relating to a third party vendor".

Capital & Main

Abandoned Wells, Methane-Emission Loopholes and Underground Toxic Waste Dumps All Raise Concerns

Here are the world’s top banks financing fossil fuels — is yours on the list?

AAP

RBA interest rate hold prompts stock upswing

The ASX200 finished up across the board after the Reserve Bank elected to hold fire on raising interest rates despite fears of lingering inflation.

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AAP

Spotlight on RBA after concerning inflation data

No change in the official cash rate is expected this week, with the Reserve Bank's reaction to a stronger inflation print the main point of interest.

AAP

Australian shares tumble as RBA rate rise back on table

The ASX200 has fallen 1.4 per cent as investors fear persistent inflation could convince the Reserve Bank to raise interest rates once more.

Newcastle Herald

Why big four bank CEO thinks Newcastle ticks more boxes than capital cities

'It's a part of the country that stacks up incredibly well.'

AAP

Rising rents eating up low-income worker pay gains

Both mortgage and rental affordability worsened over the March quarter based on latest ANZ and CoreLogic analysis.

Newcastle Herald

The driving force behind publican John Elsley's desire to succeed

It's about family for this Newcastle publican.

AAP

Aust shares edge higher even as odds of quick cuts dim

The ASX200 has finished 0.2 per cent higher even as a US labour market report blew out expectations, reducing the chances of a June interest rate cut.

AAP

ANZ will pay $57.5m in credit card interest lawsuit

ANZ is paying to settle a lawsuit alleging the bank retrospectively cancelled credit card customers' interest-free periods.

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