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Australian banks enter tech arms race as rising rates squeeze profit

By Byron Kaye SYDNEY, May 18 (Reuters) - The 10-minute home loan - at the tap of a smartphone screen - is emerging as the next frontier in Australian banking as rising interest rates quash a pandemic-fuelled property boom, eating into mortgage income and renewing focus on cost-cutting tech. The Big Four lenders booked blockbuster profit during the
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Australian shares rise on mining, tech boost; NAB drops

(Corrects instrument code in paragraph 10 to .AXFJ from .AXIJ) May 5 (Reuters) - Australian shares climbed on Thursday, as miners advanced on strong underlying commodity prices and tech stocks tracked Wall Street higher after the U.S. Federal Reserve delivered a widely expected interest-rate hike. The S&P/ASX 200 index .AXJO was up 0.6% at 7,348.0
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Australian shares end lower as global rate hike bets firm

(Updates to close) By Navya Mittal April 6 (Reuters) - Australian shares ended lower on Wednesday, weighed by technology stocks which tracked Wall Street overnight, as investors brace for the possibility of aggressive interest rate hikes. The S&P/ASX 200 .AXJO fell as much as 1.2% during the session, but pared some losses to close 0.5% lower at 749
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Australian retail sales jump in Feb, augur well for Q1 growth

* Feb retail sales +1.8% on month vs +1.0% forecast * Sales up sharp 9.1% y/y, bullish for Q1 GDP * Cost of living becoming increasing drag on consumers By Wayne Cole SYDNEY, March 29 (Reuters) - Australian retail sales beat forecasts again in February as shoppers defied storms and coronavirus waves to return to cafes and department stores for the
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Australia shares end lower as markets prepare for rate hikes

(Updates to close) * Global equity sell-off weighs on benchmark * Financials and tech stocks top drags * ASX 200 lost 0.7% for the week * NZX 50 records worst week in six By Upasana Singh March 11 (Reuters) - Australia shares closed lower on Friday as investors were on edge after the country's central bank cautioned about rate hikes in response to
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