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The Latest Breaking News from ANZ

The next set of jobless and employment numbers due this week are likely to show the labour market remains tight ahead of next month's central bank meeting.

AAP

Boxing Day shoppers ready to smash records

Boxing Day spending is expected to reach record heights as shoppers look to snap up bargains, despite financially challenging times.

AAP

Australia's 2023 economic outlook unclear

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

AAP

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ANZ bracing for uplift in household stress

ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.

AAP

Zurich unit rejected claim in 'bad faith'

Zurich subsidiary OnePath failed to inform a consumer of her rights when rejecting an allegedly fraudulent insurance claim, ASIC has said.

AAP

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

The New Daily

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

AAP

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Inflation down but consumer pain lingers

Cost of living pressures eased slightly last month, although it's still too early to call the turning point for inflation.

AAP

Oil up amid Wrangling over Russian Oil Price Cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. US West…

Asharq Al-Awsat

Black Friday, Cyber Monday sales set to top $6b, as consumers shrug off soaring inflation

Australians are expected to add to last year's $6 billion spend in the Black Friday and Cyber Monday sales, even with inflation at a 30-year high.

ABC News

ANZ set to pull out of pariah state Myanmar after facing 'increasing operational complexity'

ANZ announces it will pull out of Myanmar, dealing a blow to the country's military junta and potentially ramping up pressure on other overseas banks to turn their backs on the regime.

ABC News

Black Friday in Australia is a spending frenzy. With the rising cost of living, will this year be different?

It's the final countdown to the consumer event of the year — Black Friday — a November sales spectacular imported from the US, and growing in popularity in Australia.

ABC News

Major banks to pay $126 million after dodgy insurance sales to customers

Up to one million ANZ, Westpac and CBA customers will share in $126 million after being sold consumer credit insurance of little use.

The New Daily

Banks to pay $126m over dodgy insurance

A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.

AAP

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Pedestrian.tv

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.

AAP

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.

ABC News

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.

Al Jazeera

Big banks face scrutiny over business with Myanmar lender

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

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Newsroom.co.nz

ANZ faces further pressure over Myanmar ties

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

The Guardian - AU

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

AAP

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.

Newsroom.co.nz

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?

The Guardian - AU

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

ABC News

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.

AAP

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.

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