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ANZ says home loan applications fall 12%, records A$1.9bn quarterly profit

ANZ says home loan applications fall 12%, records A$1.9bn quarterly profit

By Scott Murdoch and Rajasik Mukherjee SYDNEY, Aug 13 (Reuters) - Australian lender ANZ Group said on Thursday home loan applications had slumped 12% since the Labor government scrapped lucrative property investment tax concessions, as the bank reported a A$1.9 billion ($1.3 billion) cash earnings
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Australian lender CBA's record profit clouded by 15% mortgage application slump

Australian lender CBA's record profit clouded by 15% mortgage application slump

By Scott Murdoch and Christine Chen SYDNEY, Aug 12 (Reuters) - Commonwealth Bank of Australia said mortgage applications had dropped 15% since property tax changes in May, one of several challenges facing the country's largest lender even as it posted a record A$10.98 billion ($7.75 billion) full-
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Australia's CBA posts record cash earnings, but flags cooling mortgage demand

Australia's CBA posts record cash earnings, but flags cooling mortgage demand

Aug 12 (Reuters) - Commonwealth Bank of Australia posted record full-year cash earnings that topped market expectations on Thursday, driven by robust lending volumes, but flagged a steep decline in mortgage demand since the government's tax changes in May.
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Shipbuilder Austal gets $1.2 billion offer for US operations from Hanwha

Shipbuilder Austal gets $1.2 billion offer for US operations from Hanwha

Aug 11 (Reuters) - Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in the American defence market.
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Australia sets 'world-leading' minimum pay and insurance rules for gig delivery workers

Australia sets 'world-leading' minimum pay and insurance rules for gig delivery workers

SYDNEY, Aug 12 (Reuters) - Australia's industrial umpire has approved new minimum standards requiring food and grocery delivery workers to be paid hourly rates above the national minimum wage and covered by injury insurance while on the job.
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Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks

Westpac reports 20% drop in mortgage applications after Australia scraps tax breaks

By Scott Murdoch and Rajasik Mukherjee SYDNEY, Aug 10 (Reuters) - Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government's tax changes weigh on property demand.
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Westpac reports 20% drop in mortgage applications after Australia's tax changes

Westpac reports 20% drop in mortgage applications after Australia's tax changes

By Scott Murdoch and Rajasik Mukherjee SYDNEY, Aug 10 (Reuters) - Australia's second-largest lender Westpac Banking Corp reported a 20% fall in mortgage applications and forecast investor housing credit growth to halve next year, as the Labor government's tax changes weigh on property demand.
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Australian shares dip as Westpac weighs on banks ahead of RBA decision

Australian shares dip as Westpac weighs on banks ahead of RBA decision

Aug 10 (Reuters) - Australian shares slipped on Monday as losses in lender Westpac after its quarterly update weighed on financials, offsetting gains in miners ahead of the Reserve Bank of Australia's policy decision. The S&P/ASX 200 index was down 0.5% at 9,220.30 points, as of 0057 GMT.
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Hims & Hers bigger-than-expected quarterly loss overshadows revenue forecast raise

Hims & Hers bigger-than-expected quarterly loss overshadows revenue forecast raise

NEW YORK, Aug 10 (Reuters) - Hims & Hers Health on Monday posted a bigger-than-expected second-quarter loss as the telehealth company's shift to branded weight-loss drugs drove up costs. Shares of the company were down 5% in after-hours trading, even though Hims raised its annual revenue forecast.
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Australia's Treasury Wine takes $394 million charge to revamp US business; shares climb

Australia's Treasury Wine takes $394 million charge to revamp US business; shares climb

By Roshan Thomas Aug 10 (Reuters) - Australia's Treasury Wine Estates said on Monday it would overhaul its U.S. business by fallowing vineyards, impairing brands and writing down inventory, resulting in a post-tax charge of A$558.4 million ($394.4 million).
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Factbox-Global drugmakers invest billions to boost US presence

Factbox-Global drugmakers invest billions to boost US presence

Aug 10 (Reuters) - Global drugmakers are expanding their U.S. footprint, pledging billions of dollars to ramp up manufacturing capacity and research in the country.
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Westpac Reports Decline in Mortgage Applications Amid Tax Changes

Westpac Reports Decline in Mortgage Applications Amid Tax Changes

Westpac Reports Decline in Mortgage Applications Amid Tax Changes