The Latest Breaking News from Westpac

Mining rebound helps Australian shares creep higher

Miners and energy stocks have helped the ASX claw back some recent losses, with commodity prices supported by a weaker greenback as US bond yields retreated.

AAP · Sep 16

RBA to speak ahead of crucial cash rate meeting

Economists will be closely watching remarks from two senior Reserve Bank officials as expectations firm for another interest rate hike at the end of the month.

AAP · Sep 13

Aussie shares tumble to six-week lows as concerns grow

Australia's financials sector has wiped more than four days of gains in a single session, as traders mull a perfect storm of local and global market headwinds.

AAP · Sep 8

Rise in unemployment shows jobs market softening slowly

The jobs market appears to be softening with a rise in the jobless rate to 4.5 per cent, which should take pressure off the Reserve Bank to lift interest rates.

AAP · Aug 19

Five key takeaways from parliamentary hearings into client leaks at KPMG

Partners say they ‘don’t recall’ leaked papers and are accused by lawyers of being misleading as more whistleblowers come forward

The Guardian - AU · Aug 15

Banks and miners drag market to worst week in months

The ASX has retreated sharply a week after hitting record highs as macroeconomic concerns, metals prices and high earnings benchmarks weigh on confidence.

AAP · Aug 14

As home loan applications drop, the big four banks face a growing challenge from Macquarie

Over the past week, all four of Australia’s biggest banks have reported falls of between 12% to 20% in new home loan applications since the May federal budget.

The Conversation · Aug 13

Labor budget's big bank blow as loan applications drop

Federal Labor policy changes for capital gains tax concessions and negative gearing appear to have prompted a decline in mortgage applications.

AAP · Aug 9

Australian shares surge as banks, miners charge higher

Investors are betting on a strong earnings season ahead for banks and miners, pushing the S&P/ASX200 to within striking distance of a record high.

AAP · Aug 4

Surprise jobs jump gives RBA room to raise rates

A larger-than expected rise in employment will not ease Reserve Bank fears about inflation as rising oil prices compound cost pressures.

AAP · Jul 22