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Australia, New Zealand corporate earnings week ahead

DIARY-Australia, New Zealand corporate earnings week ahead Nov 1(Reuters) - Diary of Australia and New Zealand (.AXJO, .NZ50) corporate earnings for the week ahead AUSTRALIA & NEW ZEALAND EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 08-Nov-2024 NTS MNW.NZ Manawa Energy Ltd Half Year 2025 Manawa Energy Ltd Earnings Release Start Date Start Time(GMT) RIC Company Name Event Name 04-Nov-2024 NTS WBC.AX Westpac Banking Corp Full Year 2024 Westpac Banking Corp Earnings Release 06-No
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Australian banks brace for lower earnings as costs, competition bite

PREVIEW-Australian banks brace for lower earnings as costs, competition bite Aussie banks report annual earnings next week Focus on capital returns outlook Citi analysts warn of potential cost-related surprises By Roushni Nair Oct 31 (Reuters) - Australia's biggest banks are expected to report lower annual earnings next week, with investors focused on whether intense competition in lending and the rising costs of deposits will outweigh gains in mortgage revenues.
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Australia's Westpac appoints Peter Herbert as acting CEO of business segment

Australia's Westpac appoints Peter Herbert as acting CEO of business segment Oct 24 (Reuters) - Australia's Westpac WBC.AX said on Thursday Peter Herbert will be appointed as acting chief executive for its business and wealth segment, effective Nov. 5. Westpac, Australia's second-largest mortgage lender, said Herbert will be replacing Anthony Miller, who steps into the role of CEO of the bank from Dec.
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Westpac Appoints Peter Herbert As Acting Chief Executive, Business & Wealth

BRIEF-Westpac Appoints Peter Herbert As Acting Chief Executive, Business & Wealth Oct 24 (Reuters) - Westpac Banking Corp WBC.AX : APPOINTMENT OF PETER HERBERT TO POSITION OF ACTING CHIEF EXECUTIVE, BUSINESS & WEALTH PETER HERBERT WILL ACT IN POSITION WHILE A GLOBAL SEARCH IS UNDERTAKEN FOR A PERMANENT CHIEF EXECUTIVE, BUSINESS & WEALTH Further com
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Deutsche Bank makes key appointment in Asia-Pacific region, memo says

MOVES-Deutsche Bank makes key appointment in Asia-Pacific region, memo says Oct 23 (Reuters) - Germany's largest lender Deutsche Bank DBKGn.DE has appointed Jared Cohen as the new head for its capital solutions division in the Asia-Pacific region, according to an internal memo seen by Reuters on Wednesday and confirmed by a spokesperson. Cohen has previously held roles at leading banks such as HSBC HSBA.L , Westpac WBC.AX and Bank of America BAC.N .
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Westpac flags $82 mln hit to FY24 net profit from notable items

Westpac flags $82 mln hit to FY24 net profit from notable items Oct 22 (Reuters) - Westpac Banking Corp WBC.AX , Australia's third-largest lender by market value, said on Tuesday its 2024 net profit would take a A$123 million ($82.26 million) hit due to impacts from certain notable items. The bank attributed the hit to the unrealised fair value gains and losses on economic hedges and net ineffectiveness on qualifying hedges recognised during the year.
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Star Entertainment reverses course a day after Sydney casino relief

UPDATE 2-Star Entertainment reverses course a day after Sydney casino relief Star can keep Sydney casino open — regulator Shares drop 2.6% Star still needs to prove suitability to operate its casinos — analyst Updates with share course reversal in paragraphs 1 and 3 By Rishav Chatterjee Oct 18 (Reuters) - Australian troubled casino operator Star Entertainment SGR.AX reversed its course to drop on Friday as trading resumed a day after New South Wales gaming regulator said the embattled firm w
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'Trump trade' lifts dollar, Asia stocks await China news

GLOBAL MARKETS-'Trump trade' lifts dollar, Asia stocks await China news By Tom Westbrook SINGAPORE, Oct 17 (Reuters) - Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency.
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Australian, NZ dollars turn lower as yuan skids to one-month trough

Australian, NZ dollars turn lower as yuan skids to one-month trough SYDNEY, Oct 15 (Reuters) - The Australian and New Zealand dollars struggled to make new ground on Tuesday even as Wall Street soared to a record close, with sentiment still being weighed down by a lack of stimulus measures from China after a slew of lacklustre data. The Aussie AUD=D3 fell 0.2% at $0.6712, having fallen 0.4% overnight to as far as $0.67, the lowest in a month.
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Dollar holds gains while investors parse China's stimulus plans

FOREX-Dollar holds gains while investors parse China's stimulus plans Updates prices By Vidya Ranganathan SINGAPORE, Oct 14 (Reuters) - The dollar held onto its gains and even extended some in Asian trading on Monday as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention.
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Dollar extends gains while investors parse China's stimulus plans

FOREX-Dollar extends gains while investors parse China's stimulus plans By Vidya Ranganathan SINGAPORE, Oct 14 (Reuters) - The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention. The euro was down 0.13% at $1.0922 EUR=EBS and the pound nearly 0.2% lower at $1.3043 GBP=D3 .
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New Zealand shares jump after cenbank cuts rates; Australia inches up

New Zealand shares jump after cenbank cuts rates; Australia inches up NZ50 ends at a near 1-month high RBNZ slashes cash rate by 50 bps ASX 200 up 0.1% AXFJ gains for a third straight session Updates to close By Echha Jain Oct 9 (Reuters) - New Zealand shares ended sharply higher on Wednesday after the central bank cut interest rates, as expected, and hinted at further easing, while the Australian benchmark index ended marginally higher.
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Australia's Westpac Banking slips on selling auto finance loans book for $962 mln

BUZZ-Australia's Westpac Banking slips on selling auto finance loans book for $962 mln ** Shares of Westpac Banking Corp WBC.AX fall as much as 1.3% to A$30.710, their lowest level since Aug. 28 ** Australia's third-largest bank set to sell its auto finance loans book to non-bank lender Resimac Group RMC.AX ** WBC says deal for an expected value of
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Australian shares almost flat as mining gains counter energy losses

Australian shares almost flat as mining gains counter energy losses Oct 3 (Reuters) - Australian shares struggled for momentum on Thursday as gains in miners countered losses in energy stocks, while investors globally awaited Israel's response to Iran's missile attack the previous day. The S&P/ASX 200 index .AXJO crept up 0.1% to 8,204.3 by 0040 GMT.
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Resimac Group To Buy Portfolio Of Auto Loan Receivables & Leases From Westpac

BRIEF-Resimac Group To Buy Portfolio Of Auto Loan Receivables & Leases From Westpac Oct 3 (Reuters) - Resimac Group Ltd RMC.AX : PORTFOLIO ACQUISITION TO PURCHASE PORTFOLIO OF AUTO LOAN RECEIVABLES & LEASES FROM WESTPAC WITH AN EXPECTED VALUE AT COMPLETION OF A$1.4 - A$1.6BN Further company coverage: RMC.AX
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Australia's Westpac to sell auto finance loan book to Resimac Group

UPDATE 1-Australia's Westpac to sell auto finance loan book to Resimac Group Adds details from paragraph 2 onwards Oct 3 (Reuters) - Westpac Banking Corp WBC.AX said on Thursday it would sell its auto finance loans book to non-bank lender Resimac Group RMC.AX for an expected value of A$1.4 billion ($963.62 million) to A$1.6 billion at completion. Westpac, Australia's second-largest mortgage lender by loans, had partially sold its auto finance business to U.S.
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Australia's Westpac to sell auto finance loan book to Resimac Group

Australia's Westpac to sell auto finance loan book to Resimac Group Oct 3 (Reuters) - Westpac Banking Corp WBC.AX said on Thursday it would sell its auto finance loans book to non-bank lender Resimac Group RMC.AX for an expected value of A$1.4 billion ($963.62 million) to A$1.6 billion. ($1 = 1.4529 Australian dollars) Reporting by Himanshi Akhand
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Westpac Enters Into Agreement To Sell Auto Finance Loan Book TO Resimac

BRIEF-Westpac Enters Into Agreement To Sell Auto Finance Loan Book TO Resimac Oct 3 (Reuters) - Westpac Banking Corp WBC.AX : WESTPAC BANKING CORP-WESTPAC ENTERS INTO AGREEMENT TO SELL AUTO FINANCE LOAN BOOK AGREEMENT TO SELL ITS AUTO FINANCE LOANS AND LEASE RECEIVABLES TO RESIMAC SALE EXPECTED TO COMPLETE IN H1 2025, VALUED AT A$1.4-A$1.6 BILLION
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Dollar firm as war widens in Middle East

FOREX-Dollar firm as war widens in Middle East SYDNEY, Oct 2 (Reuters) - The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. Early Asia moves were slight, leaving the euro EUR=EBS below $1.10 following its largest drop in nearly four months overnight.
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Australian dollar in demand as upbeat data lessens rate risks

Australian dollar in demand as upbeat data lessens rate risks SYDNEY, Oct 1 (Reuters) - The Australian and New Zealand dollars hovered near multi-month highs on Tuesday as upbeat domestic data supported sentiment, while optimism over China's stimulus plans boosted iron ore to three-month peaks. Australian data showed retail sales rebounded 0.7% in August, beating forecasts of 0.4% thanks in part to the warmest August since 1910 bringing forward southern hemisphere spring spending.
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