Westpac Wire
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Westpac Wire is a hub for news, insight, ideas and opinions brought to you by Australia's oldest bank.
Sydney
Joined November 2016
It might be the season to be jolly, but don't let scammers spoil your holiday fun. Westpac's cyber security team share some tips on how to stay safe over the festive season. #scams
https://t.co/GfzBYZqj8t
westpac.com.au
‘Tis the season to be jolly…but don’t let scammers ruin your fun over the holidays.
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A dovish shift in the RBA’s language at its December Board meeting has put a February interest rate cut back on the table, but Westpac economists still see May as the more likely timing.
westpac.com.au
A dovish shift in the RBA’s language at its December Board meeting has put a February rate cut back on the table, but Westpac economists still see May as the more likely timing.
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Westpac economists have pushed back their expectations for the first RBA rate cut to the May meeting, from February. Luci Ellis explains the thinking behind the shift.
westpac.com.au
The RBA’s recent communication indicates that it still needs further convincing that inflation is on a sustainable path back to target. As a result, Westpac economists now see the first rate cut in...
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Westpac plans to hire an additional 200 business bankers by end-2027 to support SME customers in growth industries and locations. #smallbiz
https://t.co/TwPYMf7Jwg
westpac.com.au
Westpac plans to add 200 more business bankers by the end of 2027 to support startups and SMEs in growing industries and regions.
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Aussie households are feeling more upbeat about their finances, according to the latest Westpac-MI sentiment survey, although they're wary of potential global economic headwinds from Trump's election win. https://t.co/6JIOKZkE6j
westpac.com.au
Consumer sentiment continues to improve in line with easing cost-of-living pressures, though Australians are wary of potential global economic headwinds emerging from Donald Trump’s presidency.
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Donald Trump’s love of a deal is legendary, so don’t be surprised if the U.S. President-elect finds a compromise with China that averts a potential trade war, says Elliot Clarke, Head of International Economics at Westpac.
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Westpac Chief Economist Luci Ellis is sticking with her view that the RBA will have enough confidence in the inflation outlook to start cutting interest rates at its February meeting.
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"Our disciplined performance in FY24 has set Westpac up for growth and success," says Peter King, after delivering a full-year net profit of $7 billion in his final result as CEO.
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Want to know how to make the most out of the Black Friday sales? Ask a Millennial. Those in the 28-43 age bracket are set to be the biggest spenders in the annual sales event, according to Westpac research. #BlackFriday #economy
https://t.co/s1ZAirCmFw
westpac.com.au
Millennials are expected to be the biggest spenders in the Black Friday and Cyber Monday sales and have been saving up to do so.
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September quarter CPI data showed inflationary pressures continue to ease, but probably not by enough to trigger an RBA rate cut by year-end, says Westpac Chief Economist Luci Ellis. https://t.co/SaRlmI9zFK
westpac.com.au
Inflationary pressures continue to ease, but probably not by enough to shift the RBA away from its stance that there will be no rate cuts this year.
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As a society we are becoming more alert to the risk of fraud and scams – unfortunately, that’s also something the scammers can exploit. #scams
https://t.co/l4U9tWwLhC
westpac.com.au
As a society we are becoming more alert to the risk of fraud and scams – unfortunately, that’s also something the scammers can exploit.
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Consumers are opting to save most of their extra income coming from Stage 3 tax cuts in the face of cost-of-living pressures, according to data from the Westpac-Data X Consumer Panel. #ausecon
westpac.com.au
Consumers are only spending around 16 per cent of the income boost they received from the recent Stage 3 tax cuts, according to estimates based on Westpac data.
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BCI Minerals' Mardie salt project in WA is expected be the third biggest in the world once completed, meeting growing demand for the versatile mineral from manufacturers across Asia.
westpac.com.au
BCI Minerals’ Mardie salt and potash project in Western Australia will look to meet growing industrial demand for salt from across Asia.
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If Donald Trump’s 2016 election win is anything to go by, the Australian dollar could fall sharply if he emerges victorious from the November 5 poll. https://t.co/R9b01eh1ym
westpac.com.au
A Trump victory in the November U.S. election could bring a perfect storm for the Australian dollar in the form of global trade tensions, a weaker economic outlook, and higher U.S. yields.
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A new Westpac-backed climate tech investment fund will support innovative startups who are tackling some of the biggest challenges posed by the clean energy transition.
westpac.com.au
A new climate tech investment fund aims to support innovative startups such as Relectrify, which has a solution to boost the efficiency and longevity of battery energy storage systems.
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This Tassie-based startup wants to help tackle Australia’s housing shortage with its innovative and affordable modular homes.
westpac.com.au
This Tassie-based startup wants to help tackle Australia’s housing shortage with its innovative and affordable modular homes.
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With the U.S. Presidential election barely a month away, Westpac's Head of International Economics Elliot Clarke gives Wire the lowdown on what the outcome could mean for the Australian economy. https://t.co/n1P2cqvCck
westpac.com.au
Westpac’s Head of International Economics Elliot Clarke highlights two potential risks to the Australian economy emerging from the upcoming U.S. Presidential election.
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Westpac data reveals the locations across the country with the highest number of scam cases. #scams
https://t.co/ecEMaimrIC
westpac.com.au
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Carlo Massimino may have missed out on gold at the Sydney Olympics, but his experiences as an elite athlete are now helping him to conquer the business world. https://t.co/XciEb3PBKH
westpac.com.au
Former Olympian Carlo Massimino is drawing on his experience as an elite athlete to help build a successful Taekwondo business.
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BT is rolling out an education and training program in collaboration with Striver to help address a shortage of qualified financial advisers across the industry. https://t.co/ozOuRNqU48
westpac.com.au
BT is rolling out an education and training program in collaboration with Striver to help address a shortage of qualified financial advisers across the industry.
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