Westpac H1 Profit Jumps On Higher Interest Rates, Flags Second-half Margin Pressures

Westpac H1 Profit Jumps On Higher Interest Rates, Flags Second-half Margin Pressures

(Reuters) – Australia’s Westpac Banking Corp on Monday posted a 22% jump in first-half net profits as margins improved on the back of rising interest rates but warned tough mortgage competition will negatively impact margins going into the second half. Over the past year, aggressive monetary tightening boosted banks’ earnings and margins. However, that could…

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Migrants stranded on Chile-Peru border repatriated to Venezuela

SANTIAGO (Reuters) -Chile’s government said that 115 Venezuelan migrants who had been stranded on the border with Peru were repatriated to Venezuela on a humanitarian flight Sunday. Hundreds of migrants, mostly Venezuelans seeking to return home, had been stranded in the country’s northern border after being denied entry into Peru. The incident sparked diplomatic tensions…

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Anti-monarchists criticise ‘heavy-handed’ arrests at King Charles’ coronation

By Alistair Smout LONDON (Reuters) -Anti-monarchists on Sunday criticised the policing of the coronation of King Charles as heavy-handed, saying there was no longer a right to peaceful protest in Britain after dozens of protesters were arrested and detained into the night. Police arrested Graham Smith, leader of the Republic group, and dozens others in…

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New Zealand’s hot migration risks fanning inflation, forcing rates even higher

By Lucy Craymer WELLINGTON (Reuters) -Gastroenterologist Wesley Kasen arrived in Hawke’s Bay New Zealand in February with his wife Marnie, two kids and dog from Colorado. Their arrival filled a vacancy at the local hospital. The Kasens are part of a migrant boom helping to ease the country’s acute labour shortages – a relief for…

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