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The Latest Breaking News from NAB

Plea for spending cuts as banks tip interest rate hikes

Half of Australia's big four banks are tipping the Reserve Bank to hike interest rates at its next meeting as inflation is pushed outside the target zone.

AAP

'Not ready': investors chop down deforestation action

National Australia Bank shareholders have rejected resolutions related to deforestation, but its chairman says he has concerns about the practice.

AAP

Businesses thunderstruck as AC/DC shows boost spending

Australians are opening their wallets as major music acts including Lady Gaga, Metallica and AC/DC help energise the economy.

AAP

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Australian economy 'island of security' in risky seas

A shock fall in unemployment has wrong-footed analysts and dashed hopes of further interest rate cuts as the treasurer talks up Australia's economic strength.

AAP

Big four banks slammed for profiting from fossil fuels

Australia's big four banks have made billions from investing in fossil fuel projects in the past decade, but only two have made steps to walk away.

AAP

Bank manager denied bail over $200m fraud syndicate

A senior business bank manager is behind bars accused of playing a key role in one of Australia's biggest corporate corruption cases in recent years.

AAP

Australian shares edge higher as investor nerves linger

An early rebound has faded to a modest gain for Australian shares, despite strong performances by miners and energy companies as cautious sentiment continues.

AAP

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Loan defaults bad for business as NAB profit takes hit

Business lending is growing for NAB but so is the level of bad debt from that customer segment, pumping the brakes on profits at the big four bank.

AAP

Australian share market pares losses to sneak higher

The local bourse has edged higher on the eve of the Reserve Bank's Melbourne Cup Day meeting, settling after reduced rate-cut hopes weighed on sentiment.

AAP

Melbourne Event Trifecta to Spark $110 Million Business Windfall

Melbourne's upcoming event trio—Oasis, Melbourne Cup Carnival and Metallica—could generate around A$110 million in economic activity, offering a major boost to local hospitality, accommodation and retail sectors.

International Business Times

RBA drops rates hint as Australia maintains AAA status

Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.

AAP

Pending crypto rules already benefiting Aussie industry

Crypto exchange OKX is seeing doors open up at the institutional level as a result of regulatory clarity in Australia.

AAP

First regulated Australian dollar stablecoin launched

Three former bankers who have launched the first licensed stablecoin pegged to the Australian dollar say such tokens will change traditional payments forever.

AAP

Signs of cooling labour market in surprise job numbers

Australia's unemployment rate has held steady at 4.2 per cent despite thousands of jobs unexpectedly dropping out of the nation's economy.

AAP

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AAP

Job cuts, work sent offshore 'a win' for bank customers

Two of the four big banks have slashed thousands of jobs within days, with one creating roles offshore it insists will benefit customers.

AAP

Consumer confidence dips as households slowly recover

Years of lost purchasing power is still weighing on Australian households as the steady recovery in consumer confidence stalled in September.

AAP

Growth figures, business data to dominate forecasts

Unexpected economic growth will be closely watched for any hints of a cut to interest rates, ahead of key business and consumer confidence numbers

AAP

Australia in unknown waters amid rising bond yields

Investors putting cash in what is known as a less volatile market, may end up losing money because of government spending and a lack of revenue to counter it.

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AAP

Australian shares dip while gold pushes even higher

The Australian market fell 0.3 per cent, while goldminers were shining as the yellow metal hit a fresh all-time high of $US3,578 an ounce.

AAP

Aussie shares edge higher in cautious session

Australia's share market has started the week tentatively, with live geopolitical issues, incoming global macroeconomic data and reams of local earnings ahead.

The Guardian - AU

Australia’s borrowers may have to wait weeks for Reserve Bank’s rate cut to reduce their mortgage

NAB said it would wait 13 days to pass on the 0.25% cut to borrowers, while Westpac announced it would wait 14 days

The Conversation

Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.

AAP

Aussie dollar hits eight-month high as shares slide

The Australian dollar has climbed above 66 US cents for the first time since early November, while the ASX200 closed 0.3 per cent lower.

AAP

Australian shares fall as US inflation picks back up

The ASX200 finished 0.8 per cent lower after US data showed inflation ticked up again in June as tariffs took hold, reducing the odds of a rate cut.

AAP

Aussie shares finish flat after RBA's shock rates call

The Australian market initially dropped after the Reserve Bank's surprise move to stand pat on interest rates, but shares later made up the losses.

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