BRIEF-Australia's ASIC Says Big Banks To Refund Millions In Fees To Low-Income Customers July 15 (Reuters) - Australia's ASIC - BIG BANKS TO REFUND MILLIONS IN FEES TO LOW-INCOME CUSTOMERS FOLLOWING ASIC REPORT ASIC REVIEW REVEALED FOUR AUSTRALIAN BANKS SYSTEMICALLY CHARGED HIGH FEES TO BANK CUSTOMERS ON LOW INCOMES BANK CUSTOMERS ON LOW INCOMES, I

UPDATE 3-Aussie banks to return $19 mln charged in high fee to low-income customers Adds ANZ's response in paragraph 9 July 15 (Reuters) - Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-fee bank accounts despite being eligible for cheaper products.

BUZZ-Commonwealth Bank of Australia hits all-time high as financials gain ** Shares of Commonwealth Bank of Australia CBA.AX rise as much as 1.4% to hit a record high of A$130.3 ** Australia's biggest bank had hit a record high on Tuesday as well ** Stock rises in line with the financial sub-index .AXFJ , which is up 0.5% ** S&P ASX 200 .AXJO is up

Australia shares end higher on broad-based rally; Powell's speech in focus U.S. Fed Chair testimony on Tue, Wed Telstra hits 3-month high Tech stocks rise for third straight session Commonwealth Bank of Australia touches record-high By Sneha Kumar July 9 (Reuters) - Australian shares ended higher on Tuesday in a broad-based rally, tracking a record Wall Street finish overnight, while investors awaited Federal Reserve Chair Jerome Powell's testimony to gauge the outlook on interest rates.

Miners drag Australian shares lower on weaker iron ore prices July 8 (Reuters) - Australian shares started the week lower on Monday, as miners weighed on the benchmark index due to falling iron ore prices, while investors awaited crucial U.S. inflation print later in the week. The S&P/ASX 200 index .AXJO fell 0.3% to 7799.00 by 0015 GMT. The benchmark fell 0.1% on Friday.

Australian shares dip ahead of US payrolls data Energy stocks snap 8-day rally Gold stocks hit two-week high ASX gains 0.7% for the week Updates to close By John Biju July 5 (Reuters) - Australian shares edged marginally lower on Friday, weighed down by mining and financial stocks, although investors' attention was on the elections in Europe and key U.S.

Australian shares start second half of year on cautious note before RBA minutes Technology stocks fall over 2% Mining stocks rise more than 1% RBA minutes due Tuesday Updates to close By John Biju July 1 (Reuters) - Australian shares closed lower on Monday, starting the second half of 2024 on a sombre note , as political uncertainties in Europe weighed on investor sentiment ahead of the minutes of the Reserve Bank of Australia's latest policy meeting.

Australia, NZ dlrs edge up on dollar, give back on euro SYDNEY, July 1 (Reuters) - The Australian and New Zealand dollars started the week on the front foot as a cooling in a key U.S. inflation reading reinforced rate cut bets, while they lost ground to a buoyant euro after France's first round election votes. The Aussie AUD=D3 rose 0.1% to $0.6672, having eked out 0.4% last week to as high as $0.6689 thanks to the benign U.S.

BUZZ-Aussie banks forecast best HY since mid-2021 as rates stay elevated at 12-year highs ** Australian financial stocks .AXFJ surged over 13% in H1 2024, compared to a 2.2% drop a year earlier ** AXFJ is set to log its best HY since June 30, 2021 ** Interest rates in the country are currently at a 12-year high of 4.35% , with further room for poss

BUZZ-Australian financial stocks hit over 1-week low on rate hike worries ** Australian financial stocks .AXFJ fall as much as 1.9% to hit their lowest level since June 17 ** Data on Wednesday showed Australian inflation rose much more than expected to 4% in May increasing the likelihood of a rate hike by the central bank ** High interest rates gen

BRIEF-CBA Says Acknowledge An Appeal Was Filed In Shareholder Class Action Proceedings June 25 (Reuters) - Commonwealth Bank of Australia CBA.AX : APPEAL IN SHAREHOLDER CLASS ACTION PROCEEDINGS ACKNOWLEDGES APPEAL WAS FILED FROM FEDERAL COURT OF AUSTRALIA JUDGMENT IN SHAREHOLDER CLASS ACTION PROCEEDINGS CBA INTENDS TO DEFEND APPEAL Further company

Financials, miners drag Australia shares lower; inflation data in focus ASX 200 marks worst session in 2-weeks Miners at over 1 1/2 year lows CPI data due on Wednesday By Megha Rani June 24 (Reuters) - Australian shares closed lower on Monday, led by losses in miners and financials, while caution prevailed ahead of a crucial domestic inflation reading due later in the week that will likely provide cues on the central bank's rate easing policy.

Australia, NZ dollars surge against yen, inflation tests loom SYDNEY, June 24 (Reuters) - The Australian and New Zealand dollars scaled new 17-year tops on the low yielding yen on Monday thanks to persistent carry trade demand, although risk of a reversal looms as Japan stands ready to stop its currency's fast declines. Traders are also looking ahead to Australia's May consumer price report on Wednesday and the U.S.

Australia shares eke out modest gains pressured by cenbank's hawkish stance Australia benchmark adds 0.9% over the week Gains in healthcare, energy offset by miners NZ shares lose 1.5% over the week Updates to close By Prerna Bedi June 21 (Reuters) - Australian shares closed higher on Friday on broad-based gains, capped by investors worrying over slim chances of interest rates easing soon after the country's central bank delivered hawkish comments on inflation earlier in the week.

BUZZ-Australia's Helia jumps after Macquarie upgrades to 'outperform' ** Shares of Helia Group HLI.AX rise as much as 16.8% to A$3.9, posting their biggest intraday percentage gain since Feb. 24, 2023 ** Analysts at Macquarie upgrade rating on lenders mortgage insurance (LMI) provider to "outperform" from "neutral" ** HLI fell 20.9% on Wednesday af

Bitcoin ETF launches on Australia's main stock exchange for the first time By Lewis Jackson SYDNEY, June 20 (Reuters) - A bitcoin exchange-traded fund (ETF) launched on Australia's main stock market for the first time on Thursday as fund managers debut products to satisfy investors returning to cryptocurrency markets following a boom in prices. The VanEck Bitcoin ETF VBTC.AX launched with around A$990,000 ($660,429) in assets on the Australian Securities Exchange and is the culmination of over t

BRIEF-CBA Appoints Gaven Morris As Executive General Manager Corporate Affairs June 20 (Reuters) - Commonwealth Bank of Australia CBA.AX : APPOINTMENT OF GAVEN MORRIS AS EXECUTIVE GENERAL MANAGER CORPORATE AFFAIRS, COMMENCING 29 JULY 2024 Further company coverage: CBA.AX

FOREX-Dollar struggles for direction, sterling rises after data Updates prices, recasts with new comments By Rae Wee and Stefano Rebaudo June 19 (Reuters) - The dollar steadied on Wednesday as soft U.S. economic figures weighed by boosting U.S. rate-cut bets but political jitters in Europe offered some support by weakening the euro. Meanwhile sterling rose after data showed UK service inflation was stronger than expected.

Australian shares end lower as inflation warnings cloud rate-cut bets Traders scale back rate-cut expectations Australian financials down 0.4% QBE Insurance falls to three-week low Updates to close By Prerna Bedi June 19 (Reuters) - Australian shares closed lower in subdued trade on Wednesday, pulled down by losses in heavyweight financials, as investors dialled back their expectations on rate cuts after the central bank emphasised the need to be vigilant on inflation.

FOREX-Dollar steadies, sterling eases ahead of inflation data Updates prices at 0510 GMT By Rae Wee SINGAPORE, June 19 (Reuters) - The dollar recovered some ground on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling dipped ahead of a reading on UK inflation due later in the day. U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, data showed on Tuesday, suggesting that economic activity