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Business news
Square launches new hardware-free tap-to-pay service
April 17, 2023 03:50 PM AEST| By AAPNEWSSquare Australia has launched a new tap-to-pay service that will let merchants accept payments simply via a smartphone.
AUD/NZD, NZD/USD analysis ahead of RBNZ decision
April 04, 2023 09:58 PM AEST| By InvezzThe NZD/USD exchange rate drifted to the highest point since February 16 as traders focused to the upcoming interest rate decision by the Reserve Bank of New Zealand. It jumped to a high of 0.6310, which was ~3.43% above the lowest point this year. T...
Australia’s RBA halts rate hikes, boosting the ASX 200 index
April 04, 2023 03:01 PM AEST| By InvezzThe Reserve Bank of Australia (RBA) decided to stop its interest rate hikes in its February meeting. In a statement, the bank decided to leave interest rates unchanged at 3.60%, in line with what analysts were expecting. RBA interest rate decision Th...
Harvey Norman posts fall in interim earnings, dividend
February 28, 2023 02:21 PM AEDT| By AAPNEWSHarvey Norman shares have fallen more than 10 per cent after the retailer announced a drop in profit and a weak start to 2023.
Temple & Webster shares plunge after profit drop
February 14, 2023 12:07 PM AEDT| By AAPNEWSShares in Temple & Webster have fallen 25 per cent after the online furniture and homewares retailer reported a 47 per cent fall in half-yearly profit.
JB Hi-Fi sales slowing after record first half
February 13, 2023 10:18 AM AEDT| By AAPNEWSRetailer JB Hi-Fi has reported slowing sales in January after posting a record result in the six months to December.
Auckland flooding, claims inflation to hit IAG margins
February 03, 2023 10:12 AM AEDT| By AAPNEWSInsurance Australia Group says it has already received more than 15,000 claims related to the Auckland storms and expects gross costs to exceed $350 million.
Myer set to double first-half profit
January 24, 2023 11:16 AM AEDT| By AAPNEWSDepartment store chain Myer has reported its highest sales ever in the first five months of the financial year as it continues its post-lockdown sales momentum.
Is the pace of Australia’s transition towards clean energy fast enough?
January 13, 2023 09:06 PM AEDT| By Ankur JaiswalAustralia, which holds the second spot on the list of thermal coal exporters, seems to be in dilemma these days- the county's rich hydrocarbon resources make it difficult to switch towards green and renewable sources swiftly.
How are Synlait’s (ASX:SM1) shares faring post FY23 guidance update?
December 22, 2022 01:13 PM AEDT| By TamnnaShares of Synlait Milk were trading in the red territory with a loss of 5.294% shortly after the news surfaced. At the time of writing (12:08 PM AEDT), Synlait’s shares were valued at AU$3.220 apiece.
David Jones sold to private equity firm
December 19, 2022 05:33 PM AEDT| By AAPNEWSDavid Jones will come under Australian ownership after the department store chain was sold to private equity firm Anchorage Capital Partners.
Review ordered on insurance premium rises
December 08, 2022 10:31 AM AEDT| By AAPNEWSFinancial watchdogs have ordered life insurance companies to review their premium increases following customer concerns about price rises.
Ex-ANZ unit rejected claim in 'bad faith'
December 08, 2022 09:49 AM AEDT| By AAPNEWSFormer ANZ subsidiary OnePath failed to inform a consumer of her rights when rejecting an allegedly fraudulent insurance claim, ASIC has said.
Harvey Norman spruiks Malaysia opportunity
November 24, 2022 11:16 AM AEDT| By AAPNEWSHarvey Norman, which is holding its annual general meeting, says quarterly sales for its 28 Malaysian outlets have jumped by almost 40 per cent.
QBE warns of $100m catastrophe blowout
November 21, 2022 01:16 PM AEDT| By AAPNEWSQBE expects to exceed its catastrophe allowance by around $100 million this year as the war in Ukraine and extreme weather events cause elevated claims.
Retail sales strong but rate rises biting
October 31, 2022 02:49 PM AEDT| By AAPNEWSSpending reached another high in September with price inflation and an extra national public holiday contributing to a $35.1 billion month for retail.
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