The bank has come through the latest profit reporting season with an impressive return on equity numbers. But cost control is getting harder.The generous tax concessions for super put more tax pressure on overburdened wage earners to pay for spending on pensions, aged care and health.Overseas data: US October CPI at 12.30am AEDT FridayAdvertisementOn Wall St at 12.55pm: Dow -1% SDisney -12.6% News Corp -4.9%Spot gold -0.04% to $US1711.76/oz at 12.54pm New York10-year yield: US 4.12% Australia 3.
US regulators are investigating whether beleaguered crypto-exchange FTX.com mishandled customer funds, and they’re looking into the firm’s relationships with other parts of Sam Bankman-Fried’s crypto empire, Bloomberg reported.European shares snapped a three-day advance on Wednesday, weighed down by economically sensitive stocks.
Energy stocks slipped 1.8 per cent, owing to falling oil prices following higher-than-expected U.S. crude stockpiles and concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand.leisure, miners and banks fell between 1.1 per cent and 2.1 per cent.