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The Latest Breaking News from Westpac

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

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

Fragile yen set for weekly decline as intervention risks mount

The yen remains near a forty-year low, causing trader concern over potential Japanese intervention. Renewed Gulf hostilities are casting a shadow over energy prices and global inflation outlooks. The dollar saw slight easing but remained largely unchanged for the week. Other currencies like the British pound and euro showed strength…

The Economic Times

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Cold feet and cooling prices: Australia’s property market is transforming – and first home buyers aren’t biting

Exclusive: Data shows buyers are not rushing to get into the market, despite lower prices and less competition

The Guardian - AU

Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?

A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’

The Guardian - AU

Fraud charge dropped for fugitive developer's daughter

The daughter of fugitive property developer Jean Nassif has reached a plea deal after providing falsified documents to obtain a $150 million construction loan.

AAP

Oil and milk prices to spill the tea on inflation story

The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.

AAP

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'Dubious honour': consultancy giants cop trust barb

A senator has been "gobsmacked" over the response by a former KPMG chief to a question over public trust of big consultancy firms at a federal inquiry.

AAP

RBA interest rates: Reserve Bank holds official cash rate at 4.35%

Reserve Bank of Australia decision on Tuesday comes after three consecutive cash rate hikes this year

The Guardian - AU

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