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XJO:ANZ, Sep 30, 02:28 UTC

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Friday, September 25


News

Gold Price News and Forecast: Gold stronger USD is a short-term blip – ANZ

ANZ

In the day ahead, it remains to be seen if the metal sustains the pullback, as the focus shifts back to the fundamentals, with major central banks' on-hold and the coronavirus resurgence. The stronger USD and rising real rates have suppressed investor appetite, but strategists at ANZ Bank believe gold's safe haven appeal will remain strong because of renewed volatility in the equity market and ongoing macro and geopolitical uncertainty. Read Moor... Gold on the defensive, below $1870 level amid stronger USD. Investors remain concerned that the second wave of coronavirus infections could threaten the economic recovery, which, in turn, continued benefitting the US dollar's status as the global reserve currency.

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  • Financial
News

CBA, Westpac, ANZ, NAB welcome changes to lending obligations

NAB ANZ

Australia’s major banks have welcomed the shake-up to the country’s credit laws, claiming the red-tape-cutting reform will boost the economic recovery from the coronavirus pandemic. Commonwealth Bank, ANZ, NAB and Westpac have embraced the Federal Government’s ditching of responsible lending obligations that will result in lenders being subject to one less rule when providing loans to customers. It has previously been reported the lending obligations were tightening up access to credit as banks were becoming too conservative about providing debt to customers. Westpac chief executive Peter King said the removal of a one-size-fits-all approach to lending would speed up the process for customers to be approved for new loans.

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  • Financial
News

ANZ, CBA, Westpac and NAB share prices up on new credit law proposal

NAB ANZ

Australia’s big four banks all saw their share prices surge on Friday, after Treasurer Josh Frydenberg announced that lending rules were set to be relaxed, under a proposed revision to the country’s consumer credit laws. The regional banks were also up at the time of writing, though by a less significant margin than their large-cap counterparts. In spite of today’s strong open, the big four banks continue to trade significantly off their 52-week highs – as low interest rates, regulatory pressure and macroeconomic uncertainties weigh on the sector. These revised credit laws would target home loans, credit cards, payday lending and personal loans – and ultimately see the Australian Securities and Investments Commission’s ability to enforce responsible lending rules across the banks and other lending institutions abolished, according to the AFR. These proposed changes come after some have argued that Australia’s flow of credit may have become too restrictive in the wake of the Hayne Royal Commission. For example, last month, RBA Governor, Philip Lowe, said:.

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Thursday, September 24


News

ANZ names new country head for Philippines

ANZ

Rufus Pinto will be responsible for helping clients in the country grow their business across Asia. Australia and New Zealand Banking Group (ANZ) has appointed Rufus Pinto as country head for the Philippines, responsible for helping corporates and financial institutions in the country to grow their businesses across Asia. Since joining ANZ in 2011, Pinto has held institutional banking roles in Australia and a number of country leadership roles within Asia and the Pacific, including Kiribati, Vanuatu and New Caledonia. Pinto, who will be based in Manila, reports to Vishnu Shahaney, country head for Singapore and head of Southeast Asia, India and the Middle East.

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Topics:
  • Business
  • Politics
  • Financial

Monday, September 21


News

TO THE NEW and Context Media announce a strategic alliance for growth in the ANZ region

ANZ

TO THE NEW is a digital technology company providing digital transformation and product engineering services to ISVs, Consumer Internet, and large enterprises across the globe. The company designs and builds digital platforms and products with Cloud and Data at the focal point. Context Media is a transmedia company, providing production and consulting services to leading Australian businesses and key media organisations on strategic projects, strategy development, operational reviews, rights management optimisation and business advisory services. Director and Product owner for Sky Racing Active stated, "Our working relationship with TO THE NEW was a true partnership in every sense and the team provided great depth of technical expertise and insight in the product development, aligned to our strategic vision for the OTT product in redefining access to world class racing. We look forward to showcasing the depth of services offered by TO THE NEW in the local ANZ market." Narinder Kumar, Co-Founder and COO at TO THE NEW said, "We are excited to be working with Tom via Context Media to expand our growth and service offerings in the ANZ region and leverage Tom's local knowledge and network. We look forward to a long and mutually rewarding journey ahead for us and sharing our deep expertise in Product Engineering & Cloud with more customers." For more information, visit www.tothenew.com.

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  • Business
  • Financial
  • Science

Sunday, September 20


News

Sending money to Fiji now cheaper for ANZ customers

ANZ

ANZ Fiji Country Head, Saud Minam, says remittances will be important for Fiji going forward. ANZ says its customers in Australia and New Zealand can now send money electronically to ten Pacific countries with no ANZ transfer fee using ANZ Internet Banking from both Australia and New Zealand and the ANZ GoMoney App from New Zealand only, from today until the end of February 2021. She says it’s really important that they keep costs as low as possible, especially given the economic conditions here in the Pacific which are tough due to COVID-19 and the impact it has had on tourism. He says every little bit adds up and they hope that removing this fee will mean remittances keep flowing into Fiji to help people facing hard times due to COVID-19.

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  • Business
  • Financial
  • Science

Friday, September 18


News

‘Beggars belief’: ANZ’s careless act in country town

ANZ

A country real estate agent tried to blackmail the ANZ Bank after they left “thousands” of customers’ confidential documents lying around and didn’t respond to his requests to come and get them. Sentencing judge Gerard Mullaly said the 40-year-old was the real estate agent handling the bank ending a commercial lease of their Corryong branch in the Snowy Mountains region of Victoria. He told an ANZ employee it was a small town and he felt uncomfortable knowing how much money people had, the aftermath of people’s wills being executed, and their chequebook information – facts he inadvertently obtained when reviewing the material the bank left behind. When he emailed ANZ with this shocking information an employee replied she had “followed up with the projects team”, and two weeks went by with radio silence between the bank and Burgess. Burgess demanded $25,000 because ANZ had damaged or changed the building during its tenancy to the effect of $27,615, an independent assessment found, and wouldn’t “make good on it” or respond to emails, Burgess told police in his interview.

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  • Financial
  • Science
  • US
  • Politics

Sunday, September 13


News

Evidence, not eminence, in coronavirus disease 2019 - Maddern - 2020 - ANZ Journal of Surgery - Wiley Online Library

ANZ

Surgeons are familiar with crisis management, with spontaneous innovations being developed when put under pressure.1 The recent unfolding pandemic of coronavirus disease 2019 (COVID‐19) has stretched the resilience of not only surgeons, but also all clinicians, government and health systems.2 Outside of Australia and New Zealand, hospitals have been overwhelmed with COVID‐19 patients, limited resources and difficult decisions needing to be made.3 With the unknown wave of disease that is COVID‐19, Australasian health systems needed to prepare for the worst and hope for the best. Earlier reports from the UK suggested laparoscopic surgery was dangerous and all surgeries should be open.4 Personal protective equipment was projected to be in short supply, particularly if the European experience was to develop in Australia and New Zealand. The three publications in this edition of the ANZ Journal of Surgery provide guidance in these three important areas of surgical care: open versus laparoscopic surgery,5 personal protective equipment6 and triaging of surgical care.7 These reports are evidence‐based rapid reviews8 providing an alternative to what was, on occasions, misplaced expert opinions9 that were offered in the early stages of the pandemic. In our current world of instantly accessible information, including from websites and online publication, this will continue to occur. What is needed, however, is critical review of the new evidence so it can be presented to government, surgeons and patients in a way that clearly separates anecdotal reports from established scientific observations and data.

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Topics:
  • Business
  • Health
  • Technology
  • Financial

Thursday, September 10


News

ANZ BI Report: Data Analytics Critical to Business Decision-Making During and Beyond COVID-19 in the Region

ANZ

Sisense, the world’s leading analytics platform for builders, announced the results from its ANZ State of BI & Analytics Report 2020: Special COVID-19 Edition, a survey of over 460 companies in the region. The survey found 67% of respondents said BI and analytics programs are more important or much more important to their daily operations now, and 55% of companies are using data sources, analytics, and dashboards more often or much more often than before COVID-19. ● Marketing is leading the charge: More than 50% of organisations reported the marketing department is currently performing analytics or employing BI solutions, followed by operations (40%), finance (33%), and HR (31%). Forty percent of respondents also pointed to marketing as the department to be adding BI and analytics solutions as a result of COVID-19. Sisense’s Vice-President of APAC, Eyal Mekler, says the survey shows data professionals within the ANZ region are optimistic about business stability, and have a strong appetite to innovate, despite the challenges the pandemic has presented to the ANZ region.

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Topics:
  • Business
  • Financial
  • Science

Wednesday, September 09


News

ANZ redeploys staff to broker applications - Good Returns

ANZ

NZ's biggest bank, along with other New Zealand lenders, is struggling to process home loans and mortgage deferral requests, with loan applications also under more scrutiny since the impact of Covid-19. Advisers report that ANZ has employed more people in its broker unit, and has also outsourced some processing to branch staff. Brokers say ANZ and other big lenders are reviewing home loans more closely, with extra attention paid to borrowers' future financial security amid the Covid pandemic. As a result, turnaround times have suffered, causing ANZ to rejig its processing team in recent weeks. One adviser said: "This causes all sorts of issues for those buying, and several are taking huge risks by going unconditional without an unconditional offer, as agents are insisting on five-day finance clauses, which in most cases cannot be met."

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  • Business
  • Financial
  • Science