Westpac Banking Corporation News

In the last 24 hours, Asian and European share markets suffered heavy falls but US stocks were able to resist that trend, to end only slightly lower.

New Zealand shares fell as the prospect of a winding down of US stimulus and weak Chinese manufacturing weighed on equity markets across Asia.

Rescue crew officer Luke Ashford uses a thermal imaging camera in a helicopter in this undated handout photo.

Asian stocks declined, with the regional benchmark index heading for its biggest drop in five weeks, after China's manufacturing output unexpectedly contracted and amid speculation the Federal Reserve may soon wind back stimulus.

New Zealand shares fell on concern prices have run up ahead of earnings and profit downgrades in Australia weighed on companies with businesses across the Tasman, including Mainfreight, Australia & New Zealand Banking Group, Westpac Banking Corp and AMP.

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Australian stocks slipped Monday, as the benchmark opened the week by pulling back from its highest closing level in nearly five years.

Australian shares are expected to gain on Monday after Wall Street extended its record breaking run last week, but the upside could be limited as both Westpac Banking Corp and Macquarie Group trade ex-dividend. * Local share price index futures inched up 0.2 percent to 5,216.0, a 9.9-point premium to the underlying S&P/ASX 200 index close.

Imre Speizer, market strategist at Westpac Banking, said the dollar is likely to trade under 82.60 US cents and should hold at 81.60 today.

Westpac Banking Corp's New Zealand fund management arm contracted out the management of more than $650 million of its listed New Zealand stocks and property holdings to a new firm started by its employees.

Top lender the Commonwealth Bank of Australia added 0.7 per cent while Westpac Banking Corp rose 0.6 per cent.

ANZ bank has cut its home loan interest rates by 0.27 of a percentage point - more than cuts made by its big rivals and by the central bank at its May board meeting.

Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney, talks about the outlook for the yen.

The New Zealand dollar "is looking vulnerable over the next day or so," said Imre Speizer, market strategist at Westpac.

A LUXURIOUS 10-day Pacific Island holiday turned to heartbreak after a young couple plunged more than 20m from the mid-deck of cruise ship the Carnival Spirit.

A LUXURIOUS 10-day Pacific Island holiday turned to heartbreak after a young couple plunged more than 20m from the mid-deck of cruise ship the Carnival Spirit.

Fitch Ratings has affirmed Australia-based Westpac Lenders Mortgage Insurance Limited's Insurer Financial Strength Rating at 'AA-'. The Outlook is Stable.

Three of Australia's major lenders passed on in full the central bank's interest-rate cut for the first time in 17 months, sending benchmark home-loan costs to the lowest since 2009.

Beirut Hellenic Bank is seeking to broaden its appeal by changing its name to Bank of Sydney, in the latest attempt by a bank to adopt a more local identity.

Westpac Banking declared a special dividend on Monday, May 6th, AnalystRatingsNetwork.com reports.