ANZ Executive Retires Months After Tasked to Revamp Bank Culture
Evans, who was appointed in April to a new role as head of its non-financial risk program delivery reporting directly to the Chief Executive Officer, has left ANZ after 16 years, a spokesperson for the Melbourne-based lender said in response to queries from Bloomberg. ANZ is in the process of recruiting for the role, and Louise Higgins will be the acting head in the interim, according to the spokesperson.
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Yahoo
31 minutes ago
- Yahoo
Sign of relief for Aussie homeowners
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Forbes
an hour ago
- Forbes
While The US Is Closed To Chinese Cars, Australia's Door Is Wide Open
The US's America First policy and its high tariffs are keeping Chinese cars out of the market. Tariffs as high as 100% have been slapped on Chinese autos, especially EVs making them prohibitively expensive for American showrooms. Australia already boasts some 23 Chinese brands on its shores But while America's doors are still closed to cars from China, several countries including Russia, Mexico, Australia, Belgium, Norway and the UAE have become huge testing grounds for Chinese cars. While both Russia and Mexico currently import around 30 different car brands from China, Australia is presently hovering at around 23 brands and more are expected to arrive in the next year or so. Let us focus on Australia here as it it the closest to the US in terms of cultural origins, cultural diversity, lifestyle and language. Australia expects around 40% of all cars sold there by 2035 to be Chinese, significantly outperforming established Japanese and Koreans brands. In fact, if the US ever wanted to see what a Chinese car onslaught looked like, they just need to look at the Australia car market. Chinese brands making waves Downunder include big names like BYD, Geely, GWM, and Chery, as well as newer entrants such as Jaecoo, LDV, Leapmotor, Deepal, Avatr, Foton, Livan and Zeekr. MG, while technically a British brand, is also now owned by a Chinese company (SAIC) and is a significant player in the Australian market. While some brands offer hybrids and plug-in hybrids to appease those buyers not yet ready to make the switch to full-electric, most Chinese cars sold in Australia are electric. The Australian market is seeing a surge in Chinese car brands due to several factors with the first being that the country does not place tariffs on car imports. Other reasons include competitive pricing—especially when compared to rivals like Japanese and Korean cars, more pleasing designs and features, improved safety levels, increased manufacturing capacity in China, and growing consumer interest in electric vehicles. In fact, BYD is the biggest selling Chinese carmaker in Australia. In June 2025, BYD achieved a top five sales result of 8,156 units—which is a 367% increase over sales of June last year—becoming the first Chinese brand to do so, largely driven by the Shark 6 pickup truck, or ute according to WhichCar. BYD also surpassed Tesla in total sales in Australia for the first half of 2025 according to The Sydney Morning Herald.
Yahoo
5 hours ago
- Yahoo
Best CD rates today, August 10, 2025 (lock in up to 5.5% APY)
Find out how much you could earn by locking in a high CD rate today. A certificate of deposit (CD) allows you to lock in a competitive rate on your savings and help your balance grow. However, rates vary widely across financial institutions, so it's important to ensure you're getting the best rate possible when shopping around for a CD. The following is a breakdown of CD rates today and where to find the best offers. Overview of CD rates today Historically, longer-term CDs offered higher interest rates than shorter-term CDs. Generally, this is because banks would pay better rates to encourage savers to keep their money on deposit longer. However, in today's economic climate, the opposite is true. As of August 10, 2025, the highest CD rate is 5.5% APY, offered by Gainbridge® on its 5-year CD. There is a $1000 minimum opening deposit required. How much interest can I earn with a CD? The amount of interest you can earn from a CD depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (CD interest typically compounds daily or monthly). Say you invest $1,000 in a one-year CD with 1.81% APY, and interest compounds monthly. At the end of that year, your balance would grow to $1,018.25 — your initial $1,000 deposit, plus $18.25 in interest. Now let's say you choose a one-year CD that offers 4% APY instead. In this case, your balance would grow to $1,040.74 over the same period, which includes $40.74 in interest. The more you deposit in a CD, the more you stand to earn. If we took our same example of a one-year CD at 4% APY, but deposit $10,000, your total balance when the CD matures would be $10,407.42, meaning you'd earn $407.42 in interest. Read more: What is a good CD rate? Types of CDs When choosing a CD, the interest rate is usually top of mind. However, the rate isn't the only factor you should consider. There are several types of CDs that offer different benefits, though you may need to accept a slightly lower interest rate in exchange for more flexibility. Here's a look at some of the common types of CDs you can consider beyond traditional CDs: Bump-up CD: This type of CD allows you to request a higher interest rate if your bank's rates go up during the account's term. However, you're usually allowed to "bump up" your rate just once. No-penalty CD: Also known as a liquid CD, type of CD gives you the option to withdraw your funds before maturity without paying a penalty. Jumbo CD: These CDs require a higher minimum deposit (usually $100,000 or more), and often offer higher interest rate in return. In today's CD rate environment, however, the difference between traditional and jumbo CD rates may not be much. Brokered CD: As the name suggests, these CDs are purchased through a brokerage rather than directly from a bank. Brokered CDs can sometimes offer higher rates or more flexible terms, but they also carry more risk and might not be FDIC-insured.
