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S&P/ASX 200 News Friday

Here are today’s headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.

Here are today’s headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles.

First, here are the data points:

Australian Dollar ($A) (AUDUSD): 72.05 US cents

Dow Jones (DJI) : up 0.21%

Oil (WTI): $US72.14 per barrel

Gold: $US1,196 per ounce

Australian Finance News

Westpac Banking Corp (ASX: WBC), Australia’s second-largest bank, is in the news again this morning. After the market had closed yesterday Westpac announced further provisions for customer payments and related costs to be incurred in its FY18 result.

An extra $235 million will be set aside for customer refunds related to advice fees for financial advice and other legacy & litigation issues from the Royal Commission.

Read next: What 40% Property Price Fall?

All the bank executives may be on the edge of their seats as Commissioner Hayne hands down his Interim Report for the Royal Commission later today.

Education business Navitas Limited (ASX: NVT) has signed an agreement with The Hague University of Applied Sciences (THUAS) for a new pathway college. The college will commence teaching from 1 September 2019 for an initial five year period.

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Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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