Asian stocks slide after Fed flags slower rate cuts, BOJ stands pat

Asian stocks fell as the Fed hinted at slower rate cuts and the BOJ kept rates unchanged, causing fluctuations in currencies and investor anticipation for future rate hikes.

Top Aussie banks join hands to combat fraud and scam in banking payments

CBA's first-quarter earnings edge past expectations on higher home loan volumes

CBA's first-quarter profits exceeded expectations due to growth in home loans and deposits, despite challenges from high interest rates and increasing costs.

Analysis-China pivot from US farm imports bolsters it against trade war risks

China reduces reliance on U.S. farm imports, preparing for potential trade conflicts post-election as it diversifies sources and boosts domestic agriculture.

Australian banks brace for lower earnings as costs, competition bite

Australia's major banks expect lower annual earnings due to competition, rising deposit costs, and borrower struggles amid high interest rates, with mixed forecasts across institutions.

Asian stocks ease, dollar firms as traders ponder US rates

Asian stocks dip as hawkish remarks from Fed Chair Powell decrease hopes for significant rate cuts. Oil steady; gold near record highs amid Middle East tensions and awaited U.S. labour data.

CBA cuts rates for new borrowers re-igniting mortgage war fears

Commonwealth Bank of Australia reduced mortgage rates for new borrowers, increasing competition in the mortgage market despite calls for regulating bank interest rates amid high inflation.