ANZ Banking Group chief executive Shayne Elliott has announced his retirement, effective from July 2 next year.

The Nasdaq and the S&P 500 closed last week on record closing highs following upbeat forecasts from Lululemon Athletica and other companies, as US jobs data fuelled expectations the federal reserve would cut interest rates this month.

ANZ’s Elliott set to resign The longest-serving major bank chief executive, ANZ’s Shayne Elliott, will announce his retirement this week and the lender is expected to appoint an outsider to oversee the integration of its $4.9 billion Suncorp purchase. The Fin

The Australian Federal Police has searched the office of West Perth-based AVZ Minerals, as part of an ongoing investigation.

Claire Tyrrell and Nadia Budihardjo discuss Perth company Carabiner Architects.