WESTPAC BAD DEBTS
Global Markets | Australia Inc starts to feel Iran war fallout, raising stagflation risk
Australia's economy faces a stagflationary shock as the Middle East conflict drives up fuel prices. Top companies like Qantas and Westpac are issuing profit warnings, citing soaring costs and customer impacts. Business and consumer sentiment have plummeted, raising concerns about inflation and slowing growth, a scenario dubbed 'the central bank's nightmare'.
Australian Stock Market closes with a gain after witnessing decline, key indices see steady performance; check top gainers and losers
The Australian stock market closed higher on Monday, November 3, 2025, with the S&P/ASX 200 gaining 0.15% to 8,894.80. Despite a mixed session weighed down by financial and real estate stocks, key indices saw modest increases. Investors now await the Reserve Bank of Australia's policy decision on Tuesday. Check the list of top gainers and losers.
Mighty US dollar feels heat as Trump's tariffs spark trade turmoil
In just a week, the dollar has gone from a safe haven to investors' whipping boy as U.S. President Donald Trump's chaotic tariffs on friend and foe alike undermine decades of trust in the world's reserve currency.
Australian shares end near 1-month lows, dire GDP data eyed
The RBA also hinted at further support ahead of Wednesday's second-quarter GDP data announcement, which could confirm Australia's first recession in three decades.
Has RBI-govt spat caused long-term damage to Indian markets?
"There is uncertainty as to how various policies will play out," said Frances Cheung.
Bulls bet banks will push Australian stocks to post-crisis peak
There are signs the market’s advance was too much too soon.
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4 days to go: Here's the US election cheatsheet for financial markets
Here is a look at the potential winners and losers. But first, a caveat. Investors’ immediate reaction to the US presidential elections often doesn’t last.
6 days to go: Here's the US election cheatsheet for financial markets
Since the FBI surprise dealt a blow to Clinton by reigniting controversy over her e- mails late last week, haven assets are rising and riskier ones are falling.
Japan unveils $100 bn plan to fight surging yen after Moody’s cuts rating
The downgrade in Japan's credit grade was the first by Moody's since 2002 and reflects deteriorating credit quality across developed nations from Italy to US.
Bernanke hints at further Fed easing on rising jobless rate
Federeal Reserve chairman Ben S Bernanke said the economy is barely expanding at a sustainable pace.
Lehman BPO shows door to 180
Lehman Brothers’ captive back-office unit in Mumbai is set to hand pink slips to over one-fourth of its employees.
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