shock move – Michmutters
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Sports

Football news 2022, Socceroos, World Cup Qatar, Aaron Mooy Celtic, Tyrese Francois, Fulham, EPL results, transfers, Ajdin Hrustic

Socceroos star Ajdin Hrustic appears destined for a late transfer after being exiled at German club Eintracht Frankfurt.

Hrustic played 38 times for the German first-tier side over the past two seasons – mostly off the bench – culminating in scoring a penalty in a shootout win over Rangers in the Europa League final.

But the playmaker has been entirely left out of Frankfurt’s match-day squads for the opening three matches of the season, including their UEFA Super Cup clash with Real Madrid.

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Reports from Spain claim Real Betis – which finished fifth in La Liga last year – is interested in his signature, having previously considered a move for the classy 26-year-old in the last transfer window.

Serie A battler Salernitana are also rumored to be interested in signing the Aussie, whose priority is gaining match minutes ahead of the World Cup, in which he should play a key role for the Socceroos.

Salernitana narrowly avoided bankruptcy as well as relegation last campaign, presenting a high-risk option for the Australian.

AUSSIE GETS PREMIER LEAGUE MINUTES

It might have been brief, but Australia has a Premier League player once more. Young Tyrese Francois came off the bench for Fulham in stoppage time of their 0-0 draw with Wolverhampton Wanderers.

A Fulham Academy player, Francois previously managed one Premier League appearance when Fulham were last in the top flight in 2020-21.

Having just turned 22, Francois has reportedly signed a new two-year deal with an option in the club’s favor for a third season.

The Olyroos star will be hoping for more minutes in coming rounds to build his case for a shock World Cup call-up.

MOOY BUILDING

Veteran midfielder Aaron Mooy is showing promising signs at Celtic. He has now appeared off the bench in all three of the Scottish giant’s league matches so far this season, but having been given just eight minutes then five minutes in the first two rounds, the Australian played 24 minutes in a 5-0 win over Kilmarnock FC. The win took Ange Postecoglou’s men top of the table on goal difference.

Also in Scotland, Aziz Behich made his Scottish Premiership debut, starting and playing the full 90 at left back for Dundee United. Kye Rowles also played the full match for Dundee United at centre-half in a crushing 4-1 win. Meanwhile Martin Boyle came off the bench for Hibernian at halftime in a 2-1 defeat.

In Spain, Awer Mabil made his debut for Cadiz CF in a 1-0 loss to Real Sociedad – the team that Mat Ryan recently departed. Mabil played the second half off the bench but could not find the all-important equalizer.

Over in Japan, Mitch Duke played 61 minutes for Fagiano Okayama in the second tier in a 3-2 win over Renofa Yamaguchi, the victory taking their unbeaten streak to seven games.

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Categories
Business

RBA interest rates: Westpac decreases fixed rates as three big banks pass on full 0.50 percentage point rate hike

Westpac Bank has made a surprising move, choosing to spare some customers from escalating price hike pain.

The big bank has announced it will be decreasing its four-year owner occupied fixed interest rate by one per cent, down to 4.99.

Westpac is the third of the big banks to announce its rate changes following the Reserve Bank of Australia’s decision to increase the official cash rate by 0.50% per annum (pa) on Tuesday.

The big bank has unsurprisingly followed its rivals the Commonwealth Bank and ANZ in increasing its variable home loan interest rates.

The interest rate changes will come into effect for new and existing home loan variable rate products on Thursday, August 18.

Earlier today, ANZ joined CBA in announcing it will be passing on the hike to variable rate mortgages and one savings account by the full 0.50 percentage points.

The major bank said its up-scaled up mortgage rates will come into effect for both new and existing customers from Friday, August 12.

The lowest variable rate will now be increased to 3.69 per cent – ​​just under that of CBA, which pumped up its lowest rate to 3.79 per cent.

Both rates are at three-year highs.

The ANZ decision also included increasing the rate on its new ANZ Plus Save account by 0.50 percentage points to 2.50 per cent for balances up to $250,000, which will come into place on Monday.

The move came just hours after Australia’s biggest bank, the Commonwealth Bank, announced it will pass on the full 0.50 percentage point hike to its variable home loan customers and some savings customers.

CBA will bring its occupier principal and interest standard variable home loans rate to 5.8 per cent.

Uncharacteristically, Australia’s other big banks have been slow off the blocks following the RBA’s decision on Tuesday, with CBA’s competitors Westpac, NAB and ANZ yet to make their announcements.

Mortgage rates for new and existing customers at CBA will rise by 0.50 percentage points on August 12, with investor rates rising to 6.38 per cent.

Research director at RateCity.com.au Sally Tindall said while the CBA’s decision comes as no surprise, for customers who are already feeling the heat, this fourth hike is a “difficult pill to swallow”.

“From next week, CBA’s basic variable rate will hit a three-year high of 3.79 per cent – ​​a huge increase from three months ago when it was just 2.19 per cent,” she said.

For an owner-occupier with $500,000 debt and 25 years remaining, the 0.5 percentage point hike means they will see their monthly repayments rise by $140.

To ease the strain, Commonwealth Bank is cutting its lowest four-year fixed rate to 4.99 per cent – ​​a drop of 1.60 percentage points.

This special rate, which comes into play on Friday, is strictly for owner-occupiers paying principal and interest on a package rate ($395 annual fee) for a limited time.

While Ms Tindall said the “whopping cut” will make it the lowest in its category, she warned it may not necessarily be a good idea.

“People should think carefully about whether they want to lock up their mortgage for the next four years because there can be significant consequences if they decide to break their loan,” she said.

For those with a NetBank Saver account, who will see the full rate hike, the research director said an ongoing rate of just 0.85 still won’t cut it.

“In this market, where we could see ongoing rates over 3 per cent, these savers are still getting paid peanuts,” she said.

But Ms Tindall said there are signs things could be turning around.

“On Tuesday, Macquarie announced it was making significant cuts to its fixed rates and now CBA is following suit,” she said.

“We expect this will trigger further fixed rate cuts from other lenders in response to both evolving market expectations and competition among the banks.”

Read related topics:westpac

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