Tagged: Business Breaking News

Aussie dollar unsettled as RBA cites risks 0

Aussie dollar unsettled as RBA cites risks

The Australian dollar eased back after the country’s central bank sounded a warning about weakness in the housing market that was taken as dovish for interest rates.

Petrol prices hit a 15-month low in Dec 0

Petrol prices hit a 15-month low in Dec

Petrol prices in Australia’s major cities fell dramatically at the end of last year, in line with the international price of crude oil, the competition watchdog says.

Higher prices boost Oil Search profit 13% 0

Higher prices boost Oil Search profit 13%

Oil Search has posted a 13 per cent rise in annual profit, boosted by higher prices for its liquefied natural gas and oil, which offset a loss of output after an earthquake in Papua New Guinea early in 2018.

Cochlear shares skid as US growth slows 0

Cochlear shares skid as US growth slows

Hearing implant company Cochlear says its profits have risen 16 per cent to $128.6 million, but its shares have plunged after it said its growth in US and Europe has slowed.

ANZ’s impaired assets stable amid slump 0

ANZ’s impaired assets stable amid slump

ANZ says its impaired assets in the first quarter were roughly unchanged from three months ago, as a depressed housing market capped consumer sentiment.

ANZ’s impaired assets stable amid slump 0

ANZ’s impaired assets stable amid slump

ANZ says its impaired assets in the first quarter were roughly unchanged from three months ago, as a depressed housing market capped consumer sentiment.

ANZ pledges to lend more to investors 0

ANZ pledges to lend more to investors

ANZ has pledged to lend more to investors as it reported the lowest annualised growth rate in mortgage lending in more than two years due to "overly conservative" settings.

Seven West shares dive on poor ad sales 0

Seven West shares dive on poor ad sales

Shares in Seven West Media plunged more than 11 per cent in early trade after the free-to-air television broadcaster reported a 13.8 per cent drop in net profit on falling ad revenue.