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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