Tagged: Business Breaking News

Consumer confidence slides lower: ANZ 0

Consumer confidence slides lower: ANZ

Consumer confidence has fallen for the second week in a row according to an ANZ survey that also recorded a slump in the number of people who thought it was a good time to buy a major household item.

Former RBA board member Fagg joins NAB 0

Former RBA board member Fagg joins NAB

NAB has appointed former Reserve Bank board member Kathryn Fagg as a non-executive director, with the Boral chairman saying she wants to help rebuild trust in the lender.

Shopping centre owner HomeCo debuts on ASX 0

Shopping centre owner HomeCo debuts on ASX

Australia’s newest shopping centre owner has made its debut on the ASX following a $325 million float believed to be the largest of the year.

No ‘binding’ deal to sell mags: Seven West 0

No ‘binding’ deal to sell mags: Seven West

Seven West Media has responded to reports it is in talks to sell its magazine publishing arm to Bauer Media, saying “no binding agreement has been concluded”.

Asia shares cheered by trade progress 0

Asia shares cheered by trade progress

Asian share markets have pushed higher with signs of progress in the Sino-US trade stand-off whetting risk appetites, while pressuring safe-haven bonds and the yen.

Stocks slip amid lack of trade deal detail 0

Stocks slip amid lack of trade deal detail

A global index of stock markets slipped on Monday as signs of progress in the China-US trade dispute drew mixed a reaction from investors, with some cautioning over a lack of detail in the initial stages of the agreement.

KKR, partners lower Latitude IPO price 0

KKR, partners lower Latitude IPO price

US private equity firm KKR & Co and its partners have apparently decided to lower the IPO price of non-bank lender Latitude Financial by at least 11 per cent.

ANZ welcomes ACCC interest rate inquiry 0

ANZ welcomes ACCC interest rate inquiry

ANZ chief executive Shayne Elliott says banks have not properly explained why they have not passed on Reserve Bank rate cuts to mortgage customers, welcoming the competition watchdog’s inquiry as a chance to “provide facts in what is a complex space”.

Inquiry a chance to explain rates: banks 0

Inquiry a chance to explain rates: banks

The big banks have welcomed an inquiry into mortgage pricing, with ANZ chief executive Shayne Elliott admitting lenders have not properly explained why their rates do not keep pace with the tumbling cash rate.