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Australian lender NAB's increasing investment spend raises caution

BUZZ-Australian lender NAB's increasing investment spend raises caution ** National Australia Bank's NAB.AX higher investment spend target for FY25 indicates a likely rise in future spending - Citi ** Australia's top business lender said on Thursday it expects investment spend to increase to A$1.8 bln ($1.20 bln) in FY25 from A$1.64 bln in FY24 **
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Australian lender ANZ's annual profit shrinks as late repayments rise

UPDATE 5-Australian lender ANZ's annual profit shrinks as late repayments rise FY24 cash profit down 9%, misses consensus view Final dividend 83 Australian cents per share Higher interest rates impacting customers - CEO Shares up 0.6% midsession, reversing earlier losses Writes through, with updated CEO quotes in paragraphs 6-7, 13-16 By Byron Kaye and Sameer Manekar SYDNEY, Nov 8 (Reuters) - ANZ ANZ.AX , Australia's No.
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Australian shares end higher as energy stocks jump; cenbank assesses US election results

Australian shares end higher as energy stocks jump; cenbank assesses US election results Gold stocks drop 6.2%, real estate index falls 2.1% Energy stocks jump 2.3%, financials gain 0.8% New Zealand equities shed 0.6% Updates to close By Ayushman Ojha Nov 7 (Reuters) - Australian shares ended slightly higher after a volatile session on Thursday, as gains in energy stocks and financials outweighed a slump in gold shares, while the country's central bank assessed the implications of Donald Trump's
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Australian shares struggle for direction as gold stocks drag; NAB tumbles

Australian shares struggle for direction as gold stocks drag; NAB tumbles Nov 7 (Reuters) - Australian shares traded flat on Thursday as investors digested Donald Trump's victory in the U.S. presidential election, with losses in gold stocks countering gains in energy names, while National Australia Bank tumbled on weak annual earnings. The S&P/ASX 200 index .AXJO was flat at 8,207.9, as of 2319 GMT.
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National Australia Bank slumps 3.2% on profit drop, asset quality woes

BUZZ-National Australia Bank slumps 3.2% on profit drop, asset quality woes ** Shares of National Australia Bank NAB.AX slip as much as 3.2% to A$38.01, their biggest intra-day pct loss since Sept. 25 ** Co says FY2024 cash profit came in at A$7.10 billion ($4.66 billion), down 8.1% from a year ago and in line with market expectations ** Says annual profit hurt due to intense home-lending competition and escalating deposit costs ** Analysts at UBS say asset quality metrics meaningfully deteriora
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Australia's NAB says Trump election win may keep rates higher for longer

Australia's NAB says Trump election win may keep rates higher for longer SYDNEY, Nov 7 (Reuters) - Donald Trump's win in the U.S. presidential election will likely make his country's economy stronger but may result in interest rates staying higher for longer, impacting the global economy, the CEO of Australia's largest business bank said on Thursday.
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Australia's NAB annual profit dips, signals inflation risks under Trump

UPDATE 4-Australia's NAB annual profit dips, signals inflation risks under Trump Cash profit falls 8.1% to A$7.1 billion, roughly in line with forecasts CEO says Trump victory could spark trade war with China, stoke inflation Bank's shares fall 2% after results Recasts and writes through with updated CEO quotes in paragraphs 4, 5 and 8, shares, analyst reaction By Byron Kaye and Roushni Nair SYDNEY, Nov 7 (Reuters) - National Australia Bank NAB.AX said annual profit fell in line with forecasts a
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NAB Posts FY Net Interest Margin Of 1.71%

BRIEF-NAB Posts FY Net Interest Margin Of 1.71% Nov 7 (Reuters) - National Australia Bank Ltd NAB.AX : FY NET INTEREST MARGIN 1.71% INVESTMENT SPEND ON A RESTATED BASIS EXPECTED TO MODESTLY INCREASE FROM A$1,638 MILLION IN FY24 TO APPROXIMATELY A$1.8 BILLION IN FY25 Further company coverage: NAB.AX
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National Australia Bank annual profit falls 8.1%

REFILE-National Australia Bank annual profit falls 8.1% Corrects day and date in the first paragraph Nov 7 (Reuters) - National Australia Bank NAB.AX on Thursday reported an 8.1% drop in its annual cash profit as the country's second-largest lender faced margin pressure from fierce home-lending competition and rising deposit costs. The bank's cash profit came in at A$7.10 billion ($4.66 billion) for the year ended Sept.
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Australian stocks close higher as markets wager Trump victory

Australian stocks close higher as markets wager Trump victory Banks, tech stocks up over 1% CBA hits record high Tech stocks hit near 3-week high Updates to close By John Biju Nov 6 (Reuters) - Australian equities rose on Wednesday, tracking the gains on Wall Street overnight and in U.S. stock futures on the day, as investors increasingly priced in Donald Trump winning the U.S.
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Australia's Westpac annual profit down as costs overshadow margin bump

UPDATE 4-Australia's Westpac annual profit down as costs overshadow margin bump Westpac annual profit declines 3% but beats analysts' forecasts Company increases share buyback by A$1 bln Bank declares higher final dividend Writes through with updated CEO quotes in paragraphs 10-11 By Archishma Iyer and Byron Kaye Nov 4 (Reuters) - No.2 Australian mortgage lender Westpac WBC.AX said on Monday annual profit dipped as costs associated with a technology overhaul outweighed an improved loan margin, b
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Dollar calm as investors eye US jobs report, election

FOREX-Dollar calm as investors eye US jobs report, election Updates with prices as of 0200 GMT By Brigid Riley TOKYO, Nov 1 (Reuters) - The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week.
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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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Dollar steady as investors eye US jobs report, election

FOREX-Dollar steady as investors eye US jobs report, election By Brigid Riley TOKYO, Nov 1 (Reuters) - The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto to Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan (BOJ) in the previous session.
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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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Yen mired in political uncertainty; dollar firms ahead of key data

FOREX-Yen mired in political uncertainty; dollar firms ahead of key data Updates at 0545 GMT By Rae Wee SINGAPORE, Oct 29 (Reuters) - The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook.
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Yen mired in political uncertainty; dollar looks to key data releases

FOREX-Yen mired in political uncertainty; dollar looks to key data releases By Rae Wee SINGAPORE, Oct 29 (Reuters) - The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan's ruling coalition in weekend elections raised uncertainty about the nation's political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S.
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Dollar gains for fourth week as investors grow jittery

FOREX-Dollar gains for fourth week as investors grow jittery Yen nears three-month low ahead of Japan election Dollar steady, supported by tempered Fed rate cut expectations Euro and sterling set for weekly losses Updates prices at 1150 GMT By Amanda Cooper LONDON, Oct 25 (Reuters) - The dollar was set for a fourth weekly gain on Friday, as an uncertain backdrop for markets sent the yen near three-month lows ahead of an election in Japan over the weekend that could complicate the Bank of Japan's
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Dollar set for fourth weekly gain as investors balk at array of risks

FOREX-Dollar set for fourth weekly gain as investors balk at array of risks Yen nears three-month low ahead of Japan election Dollar steady, supported by tempered Fed rate cut expectations Euro and sterling set for weekly losses Updates throughout, refreshes prices at 0835 GMT By Amanda Cooper LONDON, Oct 25 (Reuters) - The dollar headed for a fourth weekly gain on Friday, as an uncertain backdrop for markets sent the yen near three-month lows ahead of an election in Japan over the weekend that
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Australia shares end slightly higher on Wall Street-led tech boost, as WiseTech jumps

Australia shares end slightly higher on Wall Street-led tech boost, as WiseTech jumps ASX 200 logs worst week since early September Tech stocks log best day since mid-August WiseTech CEO changes role; shares soar Qantas shares close at record high Whitehaven up 5% Updates to close By Adwitiya Srivastava Oct 25 (Reuters) - Australian shares closed higher on Friday, underpinned by technology stocks as overnight gains on Wall Street boosted the sub-index, with software developer WiseTech Global sur
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