Articles by Westpac

  • Sydney Siege Hostage Marcia Mikhael Gives Exclusive Interview To Channel Seven For An ‘Undisclosed Amount’Sydney Siege Hostage Marcia Mikhael Gives Exclusive Interview To Channel Seven For An ‘Undisclosed Amount’

    January 15 2015 7:05 PM

    Mikhael was the hostage whom the Martin Place gunman used to get his message out to the world.

  • Australian Stock Market Report – Midday January 15, 2015Australian Stock Market Report – Midday January 15, 2015

    January 15 2015 2:14 PM

    Australian shares are sliding for the fourth day despite the creation of seven times more jobs than expected in December. The ASX 200 Index is down 0.6 per cent following falls in US markets overnight and weaker base metal prices.

  • Australian Stock Market Report – Afternoon January 8, 2015Australian Stock Market Report – Afternoon January 8, 2015

    January 08 2015 6:42 PM

    Australian shares finished firmer for the second time this week following 1.2 per cent gains in US markets and a firmer oil price. The ASX 200 Index rose by 0.5 per cent but is still down so far this week.

  • Westpac To Quit Remittance Business, Pakistan Warns It Will Aid TerroristsWestpac To Quit Remittance Business, Pakistan Warns It Will Aid Terrorists

    December 23 2014 2:04 PM

    Westpac announced on Tuesday that it would quit its remittance business on March 31, 2015. Among the Big 4 banks in Australia, it would be the last to leave the $24.5-billion remittance sector in the country.

  • Australian Stock Market Report –Afternoon December 12, 2014Australian Stock Market Report –Afternoon December 12, 2014

    December 12 2014 8:29 PM

    The Australian sharemarket has closed weaker, with investors cautious ahead of the release of a raft of Chinese economic data, including retail sales and industrial production for the month of November. The ASX 200 slipped 0.2 percent to 5,219. Today's falls takes this week's losses to 2.2 percent.

  • Sydney Stores Open 24/7 Until Dec 25Sydney Stores Open 24/7 Until Dec 25

    December 12 2014 3:49 PM

    The Sydney city government allowed on Wednesday retail outlets to remain open for business 24 hours a day beginning December 10 until 25. It is the first time that stores have been allowed to open the whole day across the city without a need by the retailers to apply for a special permit.

  • Australian Stock Market Report – Midday December 12, 2014Australian Stock Market Report – Midday December 12, 2014

    December 12 2014 2:57 PM

    Australian shares are falling slightly for the fourth day with gains across US markets and a pause in energy sector selling helping to minimise losses. The ASX 200 Index is down 0.1 per cent with the mining industry the main drag. Plenty of monthly economic news in China this afternoon at 4.30pm AEDT (after the close of the Australian market) might keep investors a little cautious today.

  • RBA Hints Aussie Dollar Could Dip to US75cRBA Hints Aussie Dollar Could Dip to US75c

    December 12 2014 10:44 AM

    The Australian dollar hit a four-year low on Thursday at US82.15c but it recovered and closed at US83.20c. Reserved Bank of Australia (RBA) officials warn that the Aussie dollar could further depreciate to US75c.

  • Australian Stock Market Report – Afternoon December 10, 2014Australian Stock Market Report – Afternoon December 10, 2014

    December 10 2014 8:12 PM

    The second half of Wednesday's session saw buyers make some pact on the market, taking advantage of prices that were discounted over the course of the morning. The ASX 200 bottomed out late this morning when it was down by 60 points. By the end of trade this deficit had been wound in and the index ended with a loss of 23 points or 0.45%

  • Australian Stock Market Report – Midday December 10, 2014Australian Stock Market Report – Midday December 10, 2014

    December 10 2014 3:23 PM

    Wednesday has seen sellers continue to dictate terms for the ASX 200. The market started the session with a gain of 5 points, although positive territory was a fleeting experience and within the first quarter hour the index was down by 40 points. As lunchtime neared the market showed little evidence of consolidation as it continued to make new lows. The weaker tone locally reflected a similar experience in the US and Europe overnight. European shares fell to a two-week low overnight, led down by...

  • Australian Dollar Outlook – December 10, 2014Australian Dollar Outlook – December 10, 2014

    December 10 2014 11:26 AM

    The Australian Dollar has rallied off new lows as the USD and global equity markets weakened overnight.

  • Global Markets Overview – December 10, 2014Global Markets Overview – December 10, 2014

    December 10 2014 11:16 AM

    Global jitters continued to rock sentiment, with Greece at the forefront of the issues. Greek banks were heavily sold off and led declines in European stocks.

  • Australian Stock Market Report –Afternoon December 9, 2014Australian Stock Market Report –Afternoon December 9, 2014

    December 09 2014 8:48 PM

    Australian shares extended their losses this afternoon to finish near today's lows and posting the most significant falls since last Monday. The ASX 200 Index closed 1.7 per cent softer to 5282.7.

  • Global Markets Overview – December 8, 2014Global Markets Overview – December 8, 2014

    December 08 2014 12:08 PM

    The US dollar has been broadly bid higher as investors react to Friday's jobs numbers. The November payrolls reading showed 321,000 jobs were created and average hourly earnings rose 0.4%, while the unemployment rate was steady at 5.8%. This was the highest number of jobs created in nearly three years and was also accompanied by upward revisions to the previous two months. Heading into next week's Fed meeting, this jobs report is only fuelling the case for the hawks.

  • Australian Dollar Outlook – December 5, 2014Australian Dollar Outlook – December 5, 2014

    December 05 2014 10:45 AM

    The Australian Dollar made new four year lows last night amid expectations of interest rate cuts early next year.

  • Australian Stock Market Report – Afternoon November 24, 2014Australian Stock Market Report – Afternoon November 24, 2014

    November 24 2014 9:06 PM

    Australian shares have surged on Monday with the ASX 200 Index up 1.1 per cent and closing above 5350pts. A surprise rate cut by China's central bank on Friday has led the mining and energy producing companies higher. This follows five consecutive days of weakness from local shares; the worst week in Australia since June 2013.

  • Australian Stock Market Report –Afternoon November 21, 2014Australian Stock Market Report –Afternoon November 21, 2014

    November 21 2014 8:24 PM

    The Australian sharemarket has finished the session weaker for a fifth straight day. The All Ords (XAO) slipped 0.2 percent to 5,292, while the S&P/ASX 200 (XJO) fell 0.2 percent to 5,304. Eight out of 10 sectors were lower, led by Utilities, which lost 1.5 percent. The S&P/ASX 200 has fallen 2.7 percent this week on heavy selling in the materials and energy sectors.

  • Australian Stock Market Report – Midday November 14, 2014Australian Stock Market Report – Midday November 14, 2014

    November 14 2014 5:05 PM

    Australian shares are managing to creep into positive territory after a weaker start for the fifth day. The ASX 200 Index (a measure of market performance) is up ~0.1 per cent. A close to 4 per cent slump in the oil price is holding back energy stocks most.

  • Australian Stock Market Report – Afternoon November 13, 2014Australian Stock Market Report – Afternoon November 13, 2014

    November 13 2014 6:54 PM

    Australian shares closed in the red for the fourth day with the ASX 200 slipping by 0.4 per cent. An improvement from the miners after a 3 per cent slump in just two sessions helped limit the losses.

  • Australian Stock Market Report – Midday November 13, 2014Australian Stock Market Report – Midday November 13, 2014

    November 13 2014 2:56 PM

    Australian shares are sliding for the fourth day taking the losses this week to 1.8 per cent. The ASX 200 index is down 0.4 per cent and is trading below the 5450 mark. It has been a rocky ride for markets in recent months however with local shares surging by 6 per cent over the past month.