Straits Times Index
3,280.10 -7.65 (-0.23%) Nikkei
37,934.76 +306.28 (+0.81%) Hang Seng
17,651.15 +366.61 (+2.12%) FTSE 100
8,111.85 +32.99 (+0.41%) Bitcoin USD
64,467.43 +557.25 (+0.87%) CMC Crypto 200
1,392.18 -4.35 (-0.31%)
Westpac Banking Corporation (WEBNF)
- Simply Wall St.
Westpac Banking Reports First Half 2024 Earnings
Westpac Banking ( ASX:WBC ) First Half 2024 Results Key Financial Results Net loss: AU$164.0m (down by 104% from...
- Reuters
Australia consumer mood darkens anew in March - survey
Australian consumer sentiment eased from 20-month highs in March as worries about the economic outlook and family finances returned to darken the mood, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment slipped 1.8% in March, from February when it jumped 6.2%. "Last month we saw some promising signs that the consumer gloom that has dominated over the last two years might finally be starting to lift," said Matthew Hassan, a senior economist at Westpac.
- Reuters
Australia bank CEOs call for a fix to housing shortage
SYDNEY (Reuters) -Australia's housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia's three largest banks said on Tuesday. After years of ultra-low interest rates pushed home prices higher, Australia faces a long-term drop in the number of younger people buying homes, which could mean more people retiring in weaker financial positions, according to a 2023 government report. At a banking conference in Sydney, the heads of Commonwealth Bank, National Australia Bank and Westpac, Australia's top 3 lenders, blamed a housing supply shortage and urged local governments to speed up planning approvals.
