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The Latest Breaking News from NAB

‘Dangerous strategy’: Buy-now/pay-later grocery shopping sparks debt fears

Finance experts are concerned about the expansion of buy now pay later platforms into everyday shopping as supermarkets and petrol stations open their arms.

The New Daily

Murdoch empire borrows US$100m from state-owned Bank of China

Despite his media operations slamming Xi Jinping’s regime, the Murdochs accepted a megamillion-dollar loan from the government-run bank.

Crikey

EV battery manufacturer Novonix gains 9pc as critical minerals boosted, but ASX closes down

Instability and inflation continue to weigh on global markets, with the Australian market finally coming down off a winning streak to follow sentiment down.

ABC News

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Wall St gains despite 'yield inversion' recession warning, Telstra CEO steps down

Australian shares have risen the day after the federal budget, however analysts say the cash splash wasn't "market-moving" and the benchmark more likely followed Wall Street's optimism about the war in Ukraine easing.

ABC News

NAB, police raid poppy fields in Manipur

Move comes after strict orders from Manipur CM

The Hindu

Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally

Commodity markets are set to be further disrupted, with Russian President Vladimir Putin saying unfriendly countries such as the US and those in the EU will have to pay for gas in roubles. The ASX edged higher as oil prices rallied.

ABC News

Star gambler's China bank card paid debt

An inquiry has heard that a Chinese-born property developer paid casino debts with bank cards that were used to disguise gambling expenses at The Star casino.

AAP

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Starburst: sparks rain down on one more Sydney casino over high-rolling gamblers

It’s a good bet counsel assisting the inquiry into Sydney’s Star casino are rubbing their hands with glee over what will emerge from witnesses.

Crikey

ASX closes lower, as energy and mining stocks fall on volatile commodity prices

Wall Street's Dow Jones index suffers its worst day in almost a year overnight and the ASX closes lower on volatile commodity prices.

ABC News

National Australia Bank denies ‘outrageous’ policy change

NAB denied that customers are no longer allowed to pay off their credit cards at the bank's branches, after allegations sparked public backlash.

The New Daily

House prices and rents surge in regional Australia amid influx of arrivals from cities

Locals say they are being priced out as NAB reports 24 of the 25 largest regions have had double-digit housing growth

The Guardian - AU

Interest rates are already rising but borrowers can cope, says NAB boss Ross McEwan

National Australia Bank's boss warns variable mortgage rates will "probably" rise later this year, but said his customers are mostly well positioned to cope.

ABC News

ASX closes higher as AMP reports loss, NAB margins down, AGL to close power stations early

Australian shares close higher as NAB, AGL and AMP report their earnings results. It follows a positive day on Wall Street where tech stocks dominated.

ABC News

Liberals defend economy despite dent in conditions from Omicron

The federal government has boasted the economy has never been better following new data showing a dip in conditions due to Omicron disruptions.

The Canberra Times

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The Guardian - AU

Record fuel prices and cost of new homes push inflation to fastest pace since mid-2014

Australia’s underlying rate of inflation increased to 2.6% annually, which was higher than market expectations

Benzinga

What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022

*Please note; The author is working from UTC +13 when determining the timeline of data releases. What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022 Tuesday, January 25: NAB Business Confidence NAB Business Confidence from Australia hits the market early afternoon on Tuesday.

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