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The Latest Breaking News from ANZ

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

Newsroom.co.nz

New Zealand’s Blair Tickner saw ‘lives being flipped upside down’ by cyclone

Tickner made his Black Caps debut in the series opener at Mount Maunganui.

The Independent UK

ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily

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China's economy is recovering — is that a good thing for Australians faced with surging prices?

China's rebounding economy is set to have ramifications for Australia — both good and bad — and could exacerbate our cost-of-living issues.

ABC News

Australia’s softening inflation unlikely to spell an end to interest rate hikes

The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many households

The Guardian - AU

Terry Irving spent 1,671 days in jail for a crime he didn’t commit – and 25 more years seeking justice

Australia is the world’s only democracy that fails to offer statutory legal remedy for those wrongfully imprisoned

The Guardian - AU

Jobless rate likely still below 4pct

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

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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

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

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

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Asharq Al-Awsat

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…

ABC News

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.

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The New Daily

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.

AAP

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.

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.

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.

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