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The Latest Breaking News on Financial Services

World Bank upgrades India's economic growth forecast from 6.5% to 6.9% in FY23

NEW DELHI: The World Bank on Tuesday upgraded India's gross domestic product (GDP) forecast for the financial year 2022-23 to 6.9% from 6.5% earlier.

The Times of India

Mini-budget an ‘international embarrassment’ says NatWest boss

UK’s reputation ‘scarred’, Howard Davies tells staff, as he also warns of government plans to boost competitiveness

The Guardian - UK

Afternoon Update: RBA rate hike; Kirstie Alley dies; and a heatwave for northern Australia

Central bank warns of more rises to come after raising cash rate to 3.1%

The Guardian - AU

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Australia's central bank raises key interest rate to 3.1%

Australia’s central bank has raised its benchmark interest rate by a quarter-point to 3.1% as it tries to wrestle down inflation

The Independent UK

Amex sued over 'confusing' DJ credit cards

ASIC has sued American Express over co-branded David Jones credit cards after confused customers allegedly thought they were loyalty cards.

AAP

How much extra could mortgage repayments be now the cash rate is 3.1 per cent?

Tell us your loan size, term and interest rate, and our mortgage repayment calculator will work out how much extra you may have to pay on your loan.

ABC News

RBA interest rates: Reserve Bank raises official cash rate to 3.1%, the eighth increase in as many months

More pain for borrowers with interest rates to rise again after central bank lifts cash rate 25 basis points to the highest level since the end of 2012

The Guardian - AU

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Interest rates rise to decade high as RBA delivers Christmas pain

The Reserve Bank has raised interest rates for the eighth month in a row, lifting its target by 0.25 percentage points.

The New Daily

Reserve Bank raises interest rates for eighth straight month

The Reserve Bank of Australia lifts interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent.

ABC News

North East deals of the week: key acquisitions, contracts and investments

Companies featuring in this week's round-up include Newcastle International Airport and Houghton International

Birmingham Post

Interest rate updates: ANZ, NAB and Westpac pass on Reserve Bank's eighth consecutive rate rise — as it happened

Several of Australia's major banks have increased interest rates following a decision from the Reserve Bank to lift the cash rate for the eighth consecutive time.

ABC News

NAB fraudster to await sentence in jail

A Sydney woman who defrauded National Australia Bank out of millions of dollars will spend Christmas behind bars as she awaits a sentence hearing next year.

AAP

Bank of Queensland addresses CEO's exit

George Frazis' sudden removal as CEO last week was "not ideal," Bank of Queensland's chairman has conceded to shareholders at its AGM.

AAP

Martin Lewis charity highlights mental toll of cost of living crisis

Survey finds nearly a fifth of respondents have had suicidal ideation about financial problems

The Guardian - UK

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The Independent UK

More limits should be put in place over debt collector contact, says charity

The Money and Mental Health Policy Institute is urging the Government to charge regulators with limiting how often debt collectors can contact people.

Bangkok Post

Credit bureau wary of digital loans

The National Credit Bureau (NCB) expects household debt in terms of loan amounts will continue to increase, despite the decline in the household debt-to-GDP ratio.

Newcastle Herald

Miscarriage leave and 20 day DV allowance in council staff agreement

It features miscarriage leave, Defence service leave and an increase from 10 days domestic violence leave per year to 20.

StockNews.com

2 Best ETFs to Buy Now to Build a Diversified Portfolio

Despite a slight ease in inflation, the stronger-than-expected job report will likely encourage the Fed to continue tightening its policy. Amid this backdrop, fundamentally strong ETFs Vanguard Value Index Fund (VTV) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG) could help investors diversify their portfolios. Read on….

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Tribune News Service

Weed shops switch to cash after cashless ATM crackdown

Marijuana shops across the U.S. are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

Tribune News Service

Weed shops switch to cash after cashless ATM crackdown

Marijuana shops across the US are rushing to find alternative ways for customers to pay after networks that supported a popular workaround to the banking system began to shut down last week.

Liverpool Echo

Full list of bank holiday dates for 2022 and 2023 including Christmas changes

There are currently eight Bank Holidays planned for 2023 and two left in 2022

The Times of India

Finance ministry holds review meeting with heads of banks to promote cross-border trade in rupee

NEW DELHI: The finance ministry on Monday had a comprehensive review meeting with CEOs of banks including top six private sector lenders and discussed ways to promote cross-border trade in rupee.

The Times of India

LIC raises stake in HDFC to over 5%

NEW DELHI: Life Insurance Corporation of India (LIC), the country's largest insurer, has increased its stake in HDFC Ltd to over 5 per cent following the acquisition of shares from the open market.

Asharq Al-Awsat

French Prosecutors Name Ukrainian Suspect in Lebanese Central Bank Probe

French prosecutors said on Monday they have put a Ukrainian woman linked to the governor of Lebanon's central bank under formal investigation as part of a cross-border probe into alleged fraud to the detriment of the Lebanese state. Anna Kosakova, with whom central bank governor Riad Salameh has a daughter,…

Reuters

French prosecutors name Ukrainian suspect in Lebanese central bank probe

(This story has been refiled to fix a typo in paragraph 11.)

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